How To Check TNB Bill Online and Monitor Tenant Electricity Bill Payment


How To Check TNB Bill Online and Monitor Tenant Electricity Bill Payment



Have your tenant paid the TNB electricity bill? How to monitor the situation?
A landlord can actually check TNB bill online to monitor his/her tenant’s electricity bill payment history by signing up the TNB e-Services.
Here are some of the important details that you can check with TNB e-Services:
  • TNB account’s detailed information
  • Bill History for the past 6 months
  • Reading History for the past 6 months
  • Payment History for the past 6 months
So, when there is an overdue outstanding payment, drop an email or SMS to remind your tenant to settle the bill.
As a landlord, if you do not want to be shocked by your tenant’s sky-high accumulated unpaid billings, go for TNB e-Services now to monitor TNB account online! Did I mentioned that, it is totally FREE!
For registration, visit here

Lodge a Private Caveat during Property Transaction of Buying a Subsale House


Lodge a Private Caveat during Property Transaction of Buying a Subsale House


Q1: What is private caveat?
A1: Shall have the effect as it expressed to bind the land itself or an undivided share in the land or merely a particular interest if any.
Q2: Who should lodge a private caveat?
A2: Persons/bodies who has the interest on that particular property/land can lodge a private caveat.
Q3: What is the purpose of lodging a private caveat?
A3: To forbid the owner from selling to other party without your notice.
Q4: When should we lodge a private caveat?
A4: Up to you. As long as you have the proof saying that you have the interest on it (normally upon signing S&P).
Q5: What are the procedures of lodging a private caveat?
A5: Fill up Form 19B, fees RM320, proof as in Statutory declaration/S&P/etc
Q6: The private caveat will be effective for how long once registered?
A6: Once the land office receive the application, we will register it within 24 hours. The private caveat will be remained effective for 6 years if no one remove/cancel it.
Q7: Is it compulsory for house buyer to lodge a private caveat?
A7: Up to your. If you feel secure enough that the owner is not selling to someone else in between signing up the S&P and registration of changing of name in the title, then no need to lodge the private caveat.
Q8: How much is the charges to lodge a private caveat?
A8: RM 320.00
Q9: Can we lodge the private caveat by ourselves or it must be done by lawyer?
A9: Individually or lawyer, both we accept, but signing purposes must be the person who has the interest.
Q10: If we borrow monies from a lender, normally they will lodge a lien-holder caveat, do we still need to lodge a private caveat? Are private caveat and lien-holder caveat serve the same purpose?
A10: Totally two different things. Lien-holder’s caveat lodged by a lender whereby the title has been deposited as a security for a loan in respect of the land. For private caveat, please refer above (A1- A9).

Letter of Notice to Tenant for Late TNB Electricity Bill Payment


Letter of Notice to Tenant for Late TNB Electricity Bill Payment



As a landlord, you should check your TNB bill online regularly. It helps to keep track on your tenant’s monthly electricity consumption and the latest billing status.
IMPORTANT MESSAGE!
Never assume the electricity supply will be terminated automatically when it exceeds your credit limit, where it suppose to be.
Else, please don’t be surprised to receive a termination notice in pink from Tenaga Nasional Berhad with an outstanding payment of thousands of ringgit. Take note!
Send a reminder notice to your tenant immediately whenever you realize the payment is overdue. This action is to ‘tell’ them your seriousness in running the rental property business; all the payment shall be made strictly on time, any late payment will not be tolerated.
SAMPLE:
(date)
(landlord’s name)
(address)
(contact)
———————————————————————–
(tenant’s name)
(address)
Dear (tenant’s name)
RE: LATE ELECTRICITY BILL PAYMENT
We have not received payment for your last TNB bill, which is now past due. Please note that you are responsible for paying the utility bills in full and on time, and failure to do so constitute a violation of the tenancy agreement.
A copy of the TNB bill is included in this notice, to be paid immediately.
Kindly ignore this letter if the payment had been made.
Sincerely,
__________________
(Landlord’s Name)

Letter of Notice to Tenant for Late Rent Payment Reminder


Letter of Notice to Tenant for Late Rent Payment Reminder



Tenant always not paying rent on time? This is one of the common problems faced by a landlord, including myself. What will you do to encounter it?
I will send my tenant a notice letter as late rent payment reminder. Send it by hand, if possible. Perhaps, you should pay a visit to your own house to make sure everything is in order.
SAMPLE:
(date)
(landlord’s name)
(address)
(contact)
—————————————————————————–
(tenant’s name)
(address)
Dear (tenant’s name)
RE: LATE RENT NOTICE
This is a friendly reminder that your rent for (month, year) amounting($$$) has not been received as of the date above and is past due. If this was an oversight, please send your payment immediately in order to avoid any late charges.
Remember that paying your rent on time is of great importance, and that your rent must be received by myself by the rent payment due date in order to be on time.
Thank you for your prompt attention to this matter. Feel free to contact me with any questions or concerns.
Sincerely,
_____________________
(landlord’s name)

Buy Now or After Economic Crisis Hits


Buy Now or After Economic Crisis Hits



If I buy now, later crisis come, then I might lose my money. If I buy later, but crisis never come, then house prices could be even more expensive.
So, buy now or wait for crisis? Let’s try this mix and match method based on the tables and questions I have created on below. Just for fun, don’t take it too seriously.

Table 1: Capital Appreciation from 5% to 25% per annum

Year+5% p.a. 

(RM)
+10% p.a.

(RM)
+15% p.a.

(RM)
+20% p.a.

(RM)
+25% p.a.

(RM)
2010300,000300,000300,000300,000300,000
2011315,000330,000345,000360,000375,000
2012330,750363,000396,750432,000468,750
2013347,288399,300436,425518,000585,938
2014364,653439,230480,068622,000732,423
2015382,886483,153552,079746,400915,529

Step 1: Estimate the capital appreciation in percentage for the shortlisted property that you are interested to invest. 5%, 10%, 15%, 20%, 25% per annum, …? Refer Table 1. It gives you an idea of how much is your property values worth over the years.
Step 2: Answer yourself, when will the economic crisis hits Malaysia? Anytime, end of this year, 2013, 2014, 2015, …? This is to understand how long is the time frame you have for your property increase its value.
Step 3: Answer yourself, how much will property price drop after economic crisis hits? 20%, 35%, 50%, …? This is important to forecast what’s the impact of economic crisis on our property values.
Step 4: Answer yourself, how long do you think the market will take to recover from the economic crisis? 2 years, 3 years, 4 years, 5 years, …? You must understand how good is your holding power and be prepared for the worst scenario if you insist to invest in property now.

Table 2: Before Crisis (appreciate 5% p.a.) vs After Crisis (drop 20%, 35% or 50%)

Year+5%

(RM)
-20%

(RM)
-35%

(RM)
-50%

(RM)
2010300,000240,000195,000150,000
2011315,000252,000204,750157,500
2012330,750264,600214,988165,375
2013347,288277,381225,738173,644
2014364,653291,723237,025182,327
2015382,886306,309248,876191,443

Table 3: Before Crisis (appreciate 10% p.a.) vs After Crisis (drop 20%, 35% or 50%)

Year+10%

(RM)
-20%

(RM)
-35%

(RM)
-50%

(RM)
2010300,000240,000195,000150,000
2011330,000264,000214,500165,000
2012363,000290,400235,950181,500
2013399,300319,440259,545199,650
2014439,230351,384285,500219,615
2015483,153386,522314,049241,577

Example 1: Jane is considering to buy a house at RM363,000 this year and forecast it has potential to grow at 10% per annum, refer Table 3. Meantime, Jane believes that economic crisis will hits very soon in 2013 and forecast her property price might drop about 35% due to its not so good location. That means the property is worth only RM259,545 after depreciated 35% from RM399,300. Under this scenario, Jane should not go ahead for the deal, right?

Table 4: Before Crisis (appreciate 15% p.a.) vs After Crisis (drop 20%, 35% or 50%)

Year+15%

(RM)
-20%

(RM)
-35%

(RM)
-50%

(RM)
2010300,000240,000195,000150,000
2011345,000276,000224,250172,500
2012396,750317,400257,888198,375
2013436,425349,140283,676218,213
2014480,068384,054312,044240,034
2015552,079441,663358,851276,040

Example 2: Peter is considering to buy a house at RM396,750 this year and forecast it has potential to grow at 15% per annum, refer Table 4. Meantime, Peter believes that economic crisis will hits in 2015 and forecast his property price will drop not more than 20% due to its good and demanding location. That means the property is still worth RM441,663 after depreciated 20% from RM552,079, which is still higher than initial purchase of RM396,750. If this is the case, Peter should go ahead and buy now, right?

Table 5: Before Crisis (appreciate 20% p.a.) vs After Crisis (drop 20%, 35% or 50%)

Year+20%

(RM)
-20%

(RM)
-35%

(RM)
-50%

(RM)
2010300,000240,000195,000150,000
2011360,000288,000234,000180,000
2012432,000345,600280,800216,000
2013518,000414,400336,700259,000
2014622,000497,600404,300311,000
2015746,400597,120485,160373,200

Table 6: Before Crisis (appreciate 25% p.a.) vs After Crisis (drop 20%, 35% or 50%)

Year+25%

(RM)
-20%

(RM)
-35%

(RM)
-50%

(RM)
2010300,000240,000195,000150,000
2011375,000300,000243,750187,500
2012468,750375,000304,688234,375
2013585,938468,750380,860292,969
2014732,423585,938476,075366,212
2015915,529732,423595,094457,765

“Crisis is Danger and Opportunity”

Blacklisted Property Developers in Malaysia without License until 30 April 2012


Blacklisted Property Developers in Malaysia without License until 30 April 2012


NODEVELOPER
1A GHNIYAK BUILDERS SDN BHD
2AMPLE DEVELOPMENT SDN BHD
3ANDAMAN TIMOR SDN BHD
4ANGLO PROPERTIES SDN BHD
5ANJUNG PROPERTIES SDN BHD
6ANUGERAH DEVELOPMENT SDN BHD
7A TLAW HOUSING SDN BHD
8BAGAN MASYUR SDN BHD
9BINALIF PROPERTY & DEVELOPMENT SDN BHD
10BINA JASA CORPORATION SDN BHD
11CAPITAL LANE SDN BHD
12CORAL VISTA SDN BHD
13DAHRIA CORPORATION SDN BHD
14DATARAN FAJAR DEVELOPMENT SDN BHD
15DELIMA IMPIAN SDN BHD
16ECK DEVELOPMENT SDN BHD
17EVERISE ACRES HOLDINGS SDN BHD
18EXPAND FACTOR SDN BHD
19GANJARAN DELIMA DEVELOPMENT SDN BHD
20HAPPY HOME DEVELOPMENT SDN BHD
21IKHTIAR CORPORATION SDN BHD
22IKATAN DARMA SDN BHD
23INAI SETIA SDN BHD
24INTEGRATED LAND RESOURCES SDN BHD
25IRAMA HARMONI SDN BHD
26JK-NBA VENTURES SDN BHD
27JUWASA HIKMAT SDN BHD
28KAMARA LAND SDN BHD
29KARISMA HOUSING DEVELOPMENT SDN BHD
30KOMENA BERHAD (KOPERASI MELAYU NUSANTARA)
31KS PROPERTIES SDN BHD
32LASAH EMAS SDN BHD
33LEMBAH JEJAK SDN BHD
34LESTARI PUCHONG SDN BHD
35LURAH PANTAS SDN BHD
36MBO MEGA DEVELOPMENT SDN BHD
37MALRICH HOLDING SDN BHD
38MELURIAZ SDN BHD
39MENANG MURNI SDN BHD
40MERPATI CORPORATION (M) SDN BHD
41MJ LAND PROPERTIES SDN BHD
42NAN SHEN HUAT PROPERTIES SDN BHD
43NEWACRES SDN BHD
44NURANGKAI DEVELOPMENT SDN BHD
45NUSAJAYA DEVELOPMENT SDN BHD
46NYATA IMPIAN DEVELOPMENT SDN BHD
47OCH PROPERTIES SDN BHD
48ORIDUA CONSTRUCTION SDN BHD
49OSMAL SDN BHD
50PARAGON NOVA SDN BHD
51PELITA PLUS SDN BHD
52PEMBINAAN LS SEPAKAT SDN BHD
53PENTA HEIGHTS SDN BHD
54PERKASA INDERA SDN BHD
55PERWIRA INDRA SAKTI SDN BHD
56PILECON HOME DEVELOPMENT SDN BHD
57POPULAR ACRES SDN BHD
58Q-VISTA SDN BHD
59REAP & RICH WORLDWIDE HOLDING SDN BHD
60RHID DEVELOPMENT SDN BHD
61SAFA CORPORATION SDN BHD
62SERAYA SELERA SDN BHD
63SHAMAN PROPERTIES SDN BHD
64SIMPULAN CEMERLANG SDN BHD
65SINAR FADZILAT (M) SDN BHD
66SL WORK FORCE DEVELOPMENT SDN BHD
67SOLARGLOW SDN BHD
68SPS SETIA SDN BHD
69SUMMERSET RESORT SDN BHD
70SURE MERIDIAN SDN BHD
71SYAHIRA DEVELOPMENT SDN BHD
72SYAHIRA PROPERTY SDN BHD
73TAI CHONG REALITY (MALACCA) SDN BHD
74TAMAN BUDAYA SDN BHD
75TEGOH TIMBER SDN BHD
76TEMPLE PARK RESORT & GARDEN BUILD SDN BHD
77TERATAI SEROJA CORPORATION SDN BHD
78TIMINI SDN BHD
79TUDONG EMAS (M) SDN BHD
80UMMAH CEMERLANG SDN BHD
81UNI LEGEND ESTATE SDN BHD
82VISI NUSA LAND SDN BHD
83ZEST PROPERTIES DEVELOPER SDN BHD

Source: KPKT
Share this on your Facebook to alert everyone about these culprit developer companies! Thanks!

BLR in Malaysia


BLR in Malaysia


Where to check the latest Bank BLR rate in Malaysia? Usually, I go to bankinginfo.com.my.
Step 1: Login www.bankinginfo.com.my and click “Comparative Tables”
Step 2: Click “Base Lending Rates” under Conventional Products.
Step 3: Compare base lending rate. Bookmark the website for more updates.
The main objective of the Consumer Education Programme (CEP), known as “BankingInfo” is to provide consumers with the knowledge and understanding of the wide range of banking products and services, and where assistance or advice can be obtained. Through information provided in the BankingInfo, consumers will be in a better position to select the financial services or products that best meet their needs as well as be able to understand their rights and responsibilities relating to the services/products that are being offered.
Source: BankingInfo

Klang Valley Mass Rapid Transit Project 2011


Klang Valley Mass Rapid Transit Project 2011



Where are the confirmed locations of our Klang Valley MRT stations? Let’s make a guess from the video?
For more information, please visit www.kvmrt.com.my

How to calculate your Income Tax from LHDN Malaysia


How to calculate your Income Tax from LHDN Malaysia


USE TAXASAYA FOR NEXT TAX SUBMISSION
This is why I should highlight here again for my previous post regarding about the first and only tax saya software in Malaysia www.taxsaya.com. Let be aware how important is the printable and traceable inputs for your tax calculation to prove how we get the final figure is absolutely important for case happened on above.

My First House Down Payment


My First House Down Payment



How I save money for my first house down payment? Thanks to the savings in fixed deposit account, I managed to pay the 10% down payment home loan for my first property deal.
Basically, I do not expect any saving money tips from a financial expert. A complicated plan does not work well for me. So, I make my saving plan as simple as possible. In order to achieve our goal, we must have an action plan, that’s why I have written down a very simple action plan as follows:
  • 1st target: Save for 1st RM5,000 FD
  • 2nd target: Save for 2nd RM5,000 FD
  • 3rd target: Save for 3rd RM5,000 FD
  • 4th target: Save for 4th RM5,000 FD
It is a simple plan and I believe the objective is achievable for everyone, right! Besides, do some comparison between fixed deposit accounts in the market to find out the best FD rate. To check fixed deposit rate in Malaysia, click here. After that, start focusing to accumulate your savings.
The reason why I set it to RM5,000 per 1-month FD is:
  • During that time, RM 5k is the minimum amount for 1 month period which is shortest FD period
  • I save RM 5k for each FD so that I could withdraw the fixed deposit for emergency cases within the shortest time frame to avoid early withdrawal penalty
  • Fixed deposit account indirectly helps me not to overspending and to have better control in cash flow forecasting
No money to buy property now? Never mind, start your saving plan immediately from now.