Hi,
Pardon me for being blunt, I believed you heard this phrase:"penny wise, pound foolish".
There is no reason to save on small cost over a larger passive income. Even if you only get one month renatl, for example, it is at least a $1,000. $20 is only a mere 0.2% of it.
12 months rental income is $12,000, $20 is less than 0.000017%, it is a small fraction.
To elaborate in detail, Town council conservancy charges for 3-room flat is $63.70. Your exact passive income is $1,000-$63.70 = $936.30.
$936.30 x 12 = $11,235.60. The $20 is still less than 0.000017%.
Conservancy is the main expense for renting out the whole flat. Utility is under tenant liability if you are not aware. Even for those minor defects, such as light bulbs, flexible hoses, switches etc are also under tenant liability if your Tenancy Contract is carefully draft.
The penalty for providing incorrect information can lead to serious penalty such as financial fines and even acquire of flat by HDB.
Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
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