After getting your property paperwork sorted out and the daunting task of completing your renovation, investment buyers will quickly seek to collect rental from the property. Attracting and screening for a good tenant is not easy and it also boils down to luck. But i believe creating a home rather than just treating it as a rental house will increase your chances of finding a tenant that actually wants to live in it.

One of the things to note when renting out your units is to never rent your house without a tenancy agreement (TA), especially for direct (not through agents) rental to friends/family/friend of friends etc. The extra step in drafting a TA and getting it officially stamped at LHDN office forms a legalised document will save you much agony in the case of any dispute.

There is another added advantage by having a tenancy agreement. It will be a supporting document to prove that you are having additional rental income. This additional income can help you to acquire loan approval for your next property purchase.

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