Post of The Month - Know Your Tenant! (Don't be conned)

Hi All,

Recently i was approach by an agent with regards to renting out to expatriates, and it was on contract basis, dealing with the company itself. The company is S***** which mainly deals with customer service telephone agent (call center), it has an office in KL and serve mainly country like India, Vietnam, Cambodia, Pakistan, Thailand, Bangladesh, Philippine... Because of their cheap labor and also language barrier, therefore they are employed to work based in Malaysia. Therefore, in correct term, they are also considered expatriates. Do you know that even Bangladeshi site worker is also considered an expatriate? In correct definition expatriate and foreign worker are same meaning.

The company is looking for renting in Dynasty all together 40 units. By renting to them, we ourselves undermined our own property value. Now you might get the rental, how about the future when you want to sell the property? Dynasty Garden is supposed to be all about family concept living harmoniously, so please choose your tenant carefully so that in future if you want to take it back for own stay or selling, you can ensure a peace of mind. Imagine Dynasty is roaching with all these people all around you...

And most importantly, my 2 friends, ex-employees from S****** (I met them in separately, all of them told me same stuff) - According to what they told me, it seems that S*****has a reputation not paying its employee salary on time and cheated their EPF and gave empty promises on paying them! Most of them left company frustruated after waiting for their righful salary to be paid to them after listening to empty promise. Imagine if you rent to them, how sure are you that you'll get your monthly rental on time? How sure are you that your utility bills is paid on time? Is your deposit enough to cover the sweet empty promise time period? Will you have a piece of mind... now and future?

What kind of expatriate that only suffice with basic installation i.e. lightings and air cond without furnish? You can think for yourself. So before TOO LATE, please act wisely for your own sake and everyone sake, NOW and FUTURE

I support Grace on strictly renting out to family and young couples. Who you decide to rent decides the VALUE of future rental and future price. Of course you would not want to undermine your own property value ...

ACT WISELY
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By Briar Rose

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