Renovations, accidental structural damage and noncompliant tenants are among the top fears of landlords. With the number of HDB rental applicants increasing 55% between 2011 and 2017, we can surmise that more and more homeowners are making the decision to rent out their properties in hopes of getting extra cash. However, it is important to address the potential financial risks that can come with becoming a landlord. The decision to become a landlord comes responsibilities beyond simply collecting the rent check every month. You also need to make your sure your flat is comfortable for your tenants, carry out repairs and make sure your tenants don’t end up scamming you. Thus, while it can be a lucrative investment when everything goes according to plan, a nightmare tenant or property neglect can also result in significant financial loss. Below, we discuss 4 things you should do to avoid losing money