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
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We distill sprawling marketplaces—for insurance, credit cards, bank accounts, and more—down to choices that represent a sweet spot for value—as in offering the features, returns, or experience we think you need for the smallest outlay. We ask: Is the return on a particular purchase or decision worth the cost or risk of that option, and how does the choice stack up against other options?
June 30, 2016
November 12, 2017