Should you increase the rental next month? The answer depends.
Time horizon factor
If your tenant has been with you for 5 years and their rental is payment is stagnant, maybe it is time for you to ask for an increment.
Property value factor
If your property over years has increased the value due to inflation or the value-added features, such as you do minor renovation or your added kitchen cabinet to the house. You should consider negotiating with the tenant about a minor increment on your rental.
If your tenant initially when moving into the house is single, and over the year he married and he stays together with his wife. This can be a valid reason to ask for an increment on your rental as well.
We hope the information above will able to give you some pointer about what to consider before buying a house in Malaysia. What do you think? Like, share & comment your thoughts. Subscribe for latest updates.