For most Singaporeans, owning multiple properties is a classic “shake leg and collect money” scenario. This week, however, we talked to Jasmine (she prefers to exclude her surname), who explains how it’s anything but.
In her 40s, Jasmine owns three condo units – a three-bedder and two compact units. These are all rented out, while she lives elsewhere with her husband and in-laws. She recently shared with us the strangest things she has faced renting out so many units; from having a tenant peeing in the sink, to balancing the books.
Acquiring the three condos
Jasmine bought her first property in 2009, at the age of just 32. It was not an easy decision, as it meant having to sell her existing business. She says:
“I was quite torn at the time, as I knew property was the way to go but I lacked the capital. When one of my cousins heard about it, he offered to buy over my existing business....