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Why Property Investment?
Best and Safest Investment. That’s the reason why 90% of Millionaires and Billionaire invest in Property.
Where to Invest?
Profit and return is the key or Goal of the investment. There are multiple of layer we need to consider before buy a property for Investment.
What is “Progressive Payment” or “Progressive Interest” in Malaysia Property ?
In the context of buying property in Malaysia, “Progressive payment” or “Progressive interest payments” which is related to the financing of property purchases, particularly for properties that are under construction or being built.
Here’s a simple explanation:
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Progressive Payment: When you buy a property that is under construction, you typically pay for it in stages as the construction progresses. These payments are called progressive payments. As different construction milestones are reached (such as completion of the foundation, completion of the structure, etc.), you make payments based on the percentage of completion.
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Progressive Interest Payments: If you’re financing your property purchase with a loan from a bank or financial institution, you may need to make progressive interest payments. This means that as the construction progresses and your loan amount increases, the interest you owe on the loan also increases. So, your monthly loan payments may start off lower and gradually increase as more of the loan is disbursed to the developer.
In simple terms, Progressive Interest payments mean that your interest payments on your property loan increase over time as the construction of your property advances and your loan amount grows. It’s important to understand these payment structures when Buying Property under construction in Malaysia.
Who are Property Management? What Property Management Does?
Property management involves complete management and operation of Real Estate properties by a third party on Behalf of the Property Owner. Here’s a simple breakdown of what Property Management Does:
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Maintenance and Repairs: Property managers are responsible for ensuring that the property is well-maintained and any necessary repairs are promptly addressed. This includes tasks such as landscaping, cleaning common areas, and arranging for repairs when needed.
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Tenant Relations: Property managers handle interactions with tenants, including finding and screening tenants, collecting rent payments, addressing tenant concerns or complaints, and enforcing lease agreements.
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Rent Collection: Property managers are tasked with collecting rent from tenants on behalf of the property owner. They also ensure that rent is paid on time and handle any late payments or issues related to rent collection.
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Financial Management: Property managers oversee the financial aspects of the property, including setting rental rates, budgeting for expenses, paying bills and taxes, and providing financial reports to the property owner.
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Legal Compliance: Property managers ensure that the property complies with relevant laws and regulations, such as landlord-tenant laws, building codes, and safety regulations. They also handle legal matters related to the property, such as evictions if necessary.