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Property For Rent On

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The ups are building a private property portfolio that could secure your future for years to come. You have the possibility of making a lot of money buying property, doing it up and renting it out. It's a powerful way to become independently financially free.



The downs are all the challenges that go with owning property for rent. It's not much fun when a tenant doesn't pay their rent on time (regardless of the mortgage payments you must make), damages the place or does a runner. Juggling the demands of several properties as your portfolio grows is difficult. Those are the risks you face.

Well, imagine having a tenant move out of your property and you go in to get it ready for the next tenant? and discover they've left their pets behind. Or worse, you find a dead body there.

That happened to three landlords quizzed in a new survey to find out the most bizarre parting gifts left by tenants who have vacated property for rent.

A list has been put together by the Deposit Protection Scheme, which is a government approved scheme set up to protect tenants' deposits. It talked to 1,000 landlords to get the results.

You would expect bags of rubbish or an old phone book to be the top items left in property for rent. But no, rubbish only managed to make second place. The most left items in rental property are in fact "marital aids".

In third place, it's rotting food, both cooked and raw. Disgusting.

The scheme's top ten most left behind items are:

1. Marital aids

2. Rubbish

3. Rotting food, both cooked and raw

4. Furniture or domestic appliances such as fridges and ovens

5. Cats: (editor's note, we can believe this one, the cat never seems to come in when you want it to)

6. Condoms

7. Cannabis plants

8. Dirty nappies

9. Dead animals

10. Pornographic videos

There are some other shocking items left in property for rent that aren't on the list, but certainly surprised the landlords who found them.

Imagine going into a house after a tenant has moved out and finding a dead body. That happened to three landlords. Someone else was left a vial of blood.

Others discovered illegal immigrants hiding in the property. And another discovered a glass eye? he thought it was a joke and threw it in the bin. But the tenant, who had moved into a new property for rent, rang up later and asked if it had been found!

Pairs of false teeth have also been found, together with Nazi memorabilia, and one poor landlord was shocked to find bomb making equipment with a large quantity of fertiliser.

Animals seem to get a short draw from tenants. They were abandoned both dead and alive, and included everyday domestic animals such as cats, goldfish, rabbits and turtles, as well as rats and hedgehogs.

Naturally some dirty tenants also leave bed bugs behind.

But this example has to take the biscuit for the most vicious thing done to a landlord. Unhappy tenants who had left a property hid a kipper in an airing cupboard? it was presumably only found when the smell in the property for rent became overbearing.

A sensible piece of advice for landlords is to meet tenants when they leave the property for the final time. Not only can you inspect for damage before returning their deposit, but you can ensure they're not leaving you a little present ? nasty or nice!
Property For Rent On
Getting into the real estate business can be a very lucrative opportunity for you to make extra money. Other than just flipping your properties for profits, you can also look into renting out your property and collecting monthly rental income from your tenants. However although there are a lot of benefits for becoming a landlord, it also comes with lots of responsibilities.

Real estate is a business. As a landlord, you will meet all kinds of people. When you negotiate every deal, your objective is to make profits from every tenant and in every investment that you put your money into. Before you can rent out your property, you must know how to market your property and sell your rental service to your potential tenants.

The first thing that you need to do in order to become a landlord is to look for a right property to invest. You need to have the right foresight to gauge whether a particular piece of real estate is suitable for rentals. When you are looking into buying a property, make sure that you take your time and do some research. Do not rush into an impulse buying decision. Take your time to compare prices and look for the best opportunity out there.

When you become a landlord, you will have the chance to meet a lot of people. Some of these people are out to get bargains from you. Therefore, you need to know how to negotiate well. During a negotiation, you should always stick to your own set of rules and do not hesitate to walk out of any deal that does not make you much profits. There are enough opportunities out there for you to make money.

As a landlord, you also need to socialise well. Building and maintaining a good relationship with your tenants is one of the most important things that a landlord must do. When you maintain good relationships with your tenants, they will mostly likely not to delay payment.

Once you have rent out your property, there are still lots of different situations for you to solve. For example, late rental payment is a very common situation that you will face. When you are facing this kind of situation, you need to deal with it very carefully because it will affect the cash-flow of your real estate business. If you maintain good relationships with your tenants, you can now leverage on this to talk and persuade them to pay their rentals on time next month.

Once you get a hang of being a landlord, you will enjoy being one. When everything is stable, you can hire a manager to do the hard work for you. Your property manager will handle all the ground works such as rental collection and property maintenance.

Being a landlord is definitely a viable business. Just make sure that you earn from every investment that you make.
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About Author
Both P Green & Cheow Yu Yuan are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

P Green has sinced written about articles on various topics from Property Guide, Foreclosure Help and Real Estate. The Property Today website is full of information to help you. P Green's top article generates over 135000 views. Bookmark P Green to your Favourites.

Cheow Yu Yuan has sinced written about articles on various topics from Internet Marketing, Search Engine Marketing and Tax Software. To find property for rent in Singapore, visit the website below now:Click Here: Property f. Cheow Yu Yuan's top article generates over 1000000 views. Bookmark Cheow Yu Yuan to your Favourites.
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