Property Investment

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The smarter way for one to make money from properties is buying the properties and renting to your own company, You can get guaranteed rental income besides earning on the capital appreciation. In addition, you can legally turns most of your personal expenses into business deduction. For example, you drive a car that belongs to the company and arranges business meals, which can be reimbursed as entertainment expense from the company.

Rather than making big bucks as an individual, you just need these kinds of expenses to be paid by the company for you. Many of your expenses will not eat into your personal wealth and, at the same time, are tax-deductible for the business. You will be able to save your entire salary and in a few years you can achieve a personal net worth of RM1 million.

Juanita Chin and her husband Ignatius Shum bought properties and rent them to Japanese families. They receive a rental yield of 9% a year, and the property has appreciated by 30% to 40%. Over the 4 1/2 years since their venture into property investment, the couple has amassed 13 properties worth millions, eight of which were bought with zero or little money down.

The Chins read a lot of books and attended a many seminars just to improve knowledge on property investment and wealth accumulation. In fact, just one month after their first seminar, they did some calculations and knew that their property was a sure-buy. They  checked their returns and started negotiating. If they wait, they’d lose their courage, and, subsequently won’t take action.

They set their goals that they were going to own 10 properties by the time they reached 40. They reached the goal at 38. They believe in themselves very strongly, they never let their closest friends detract them from their goal.

If you have a beautiful house and do not mind having having people around, why not let it be used for a drama or movie shoot?

A quick survey of three local production houses shows that rental of property for a location shoot ranges from RM700 to RM5,000 a day, depending on the neighbourhood and type of property. Adam Yousof Mohamed Sinclair, a producer, advises property owners to ensure that a legal agreement is signed with the production house.

Ask to see the paperwork, even if it’s your family or friends. It is the producer’s job to lock in the location and handle paperwork within a week of the first meeting with the property owner.

Adam says accidents or mishaps can happen in your home but a disciplined crew that is careful while handling props will help to reduce such incidents. It is useful to take photos of everything in your house before the shoot starts so that you know where they should go after everything is done. Should there be an accident, it is the producer’s responsibility to notify the property owner immediately and settle the issue.  Communication is very important because you want to maintain the relationship. Who knows, they may want to use the same location again in the future.”

How do you market your home? Get to know people in production. The production houses look for locations where it can control traffic and the flow of people, has electricity supply and is close to other locations where it is shooting. Sometimes, Adam says, a production house may bring in its own generators.