For new readers, I bought a SOHO property at The Bridge, Cambodiaand I saved diligently each month in order to pay for the purchase.
After making my final payment for my SOHO apartment, I signed the tenancy lease agreement to officially allow the property developer manage the leasing of my apartment for the next 3 years. In the clause, included a free 3-month rental period for the property developer to renovate and secure a tenant for my apartment.
Last week, I finally received my first quarterly rental payment from the property developer. Woohoo!
Here’s the breakdown of the charges involved in this rental property:
- Withholding tax: US$161.03 (10% of my rental income for the quarter)
- Sinking fund: US$180
- Fixed admin fees: US$50
- Remitting bank charges: US$18 (property developer’s bank) + US$22.28 (my bank)
- Total charges: US$431.31
After deducting the above charges, my quarterly rental works out to $1187.
That works out to around 4.42% rental yield for this property …