Why We Rent Instead Of Staying At Our Own Property | Pillow Talk with Myron and Venessa - Ep 2
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- Опубликовано: 30 июн 2024
- We have been renting for the past 4 years despite owning 2 of our own properties! In this video, we share why we choose to rent. Watch to find out more!
Personal Instagram
@venessatoh
@myronpang
Real Estate Instagram
@propertyadvantage.sg
Website
www.propertyadvantage.sg
Each to their own , depends on your life style .
May I check how i look for a good rental unit? Any recommendations for websites? Or is there any specific rental group?
Just curious, where is this place that you are currently renting?
It’s a freehold property near Ang Mo Kio area 😊
Well,let’s put it plainly. If you have schooling kids, is difficult to rent from place to place.
Just subscribed
Myron from fresh and fit looks diffeeent here
But there is a net loss as the property that you are renting out is subjected to higher property tax rates and you need to pay income tax on the rental too
If you factor those in, there may be some nett loss, but it’s ok because for the property there is capital appreciation! And also the place we are renting is actually where we need to be in terms of kids school, etc, but yet not where we feel we want to invest our money in.. 😊
what if the landlord does not want to let the tenant renew, can't he say no even though there is an option to renew clause?
Hi there! It depends on the clause in the contract. Most ‘Option To Renew’ clauses states that tenant has the option to renew for a certain amount of time as long as it’s at the prevailing market rate. Some landlord try to say that the market rate is very very high so as not to let the tenant agree to the new rental rate. But if tenant really were to go and challenge this, tenant will still usually win the case!
cant be so easy, if like that everybody rent their property out and stay big house liao......sure got risk.....own house safer.
Most people don’t want to keep moving ! So they prefer not to rent, and they also like to do their own renovations. But for us we don’t mind moving and renovation not a big deal for us! So it’s still possible, depending on what are your priorities :)
Bcuz these are expensive houses. The area I’m renting in cost abt 4-5mio. If I buy, mth repayment is 17k. But rental is abt 10k
However my property is nearer to mrt and can fetch gd prices to cover the rental.
These kind of game only happen at high quantum properties. Haha. Cuz atas area and landed has low rental returns
Definitely if u have only one property, u should go rent and stay in others nice house with free facility.
Rent 4 years jialat
Nice content but video is very jerky
We will try our best to improve the quality in our next videos! :)