Results 1 to 5 of 5

Thread: Inside out with condo for rent

  1. #1
    Join Date
    Dec 2009
    Posts
    349

    Default Inside out with condo for rent

    http://propertysoul.com/2015/11/08/i...ondo-for-rent/

    Inside out with condo for rent

    November 8, 2015

    I was exhausted after coming back from a week long business trip. So when the kids wanted to watch the movie Inside Out on a Saturday morning, I was most willing to take them to the cinema – I could enjoy a 2-hour nap in my seat!

    The story of Inside Out develops around a 11-year-old girl Riley whose five core emotions – Joy, Sadness, Disgust, Fear, and Anger – are housed in the headquarters which controls five islands: personality, family, friendship, honesty and hockey.

    When Riley faces the hardship of relocating to another city with her family, the five islands collapse one by one. While Anger, Disgust, and Fear only make things worse, Joy and Sadness have to find their way back to the headquarters to restore the happy core memories and bring back the happiness in Riley.

    The magic of Walt Disney animated film is that there is always a happy ending. With that reassurance, I fell into slumberland …

    (Note: Words below in italic text were under the influence of lines from the movie when I was in my subconscious mind.)



    Condo for Rent – Act 1, Scene 1

    Owner = Character “Sadness” in Inside Out
    Agent = Character “Joy” in Inside Out

    Owner: We have been trying to rent out this place for weeks now.

    Agent: I already brought many parties to see the unit …

    Owner: But so far I don’t see any reasonable offer. You think we could get any (tenant) in there?

    Agent: Think positive.

    Owner: I’m positive that we don’t have any (tenant) in there.

    Agent: Ok, I admit it. We had a rough start, but think of all the good things that…

    Owner: (gets emotional) Why is there no offer even we lower the asking rent? Where the xxxx are all the tenants? What’s wrong with the market now? When will my place be taken up? We are waiting for nothing but bad news, bad news again, and more bad news … Sorry, I went sad again, didn’t I?

    Agent: Hey, it will be alright.

    Owner: (overwhelmed with emotions) Stop saying everything will be alright. I don’t know how long I can leave my property vacant. I am paying $3,500 a month for the housing loan. Even nobody stays there I still have to pay the management fee and property tax you know. Even the bank has to threaten me to pay higher interests.

    Agent: (silence)

    Owner: I’m too sad (to talk). Just give me a few … (sob) Excuse me, crying helps me slow down and obsess over the weight of life’s problems.

    Agent: Fine, let’s sleep on it. Because hey, I’m sure jolly, fun-filled times are just around the corner!

    Owner: No, there’s absolutely no reason for us to be happy right now. Let us handle this.


    Condo for Rent – Act 1, Scene 2


    Owner = Character “Anger” in Inside Out
    Agent = Character “Disgust” in Inside Out

    Owner: Didn’t I tell you that we can’t go lower than $4,300? That is the minimum rent I would accept.

    Agent: But $4,000 is the maximum that he can pay. Besides, we don’t have any other offer.

    Owner: (raises his voice) I pay $3,500 to the bank and $500 to the management office every month. And this guy wants to rent my place for $4,000 and still asks for a king-size bed, a brand new dryer, free WiFi? Do you ever look at someone and wonder, what is going on inside their head?

    Agent: Well, he mentioned another unit in the next block. The landlord was willing to provide all these at no extra cost.

    Owner: (gets upset) Didn’t he see that my unit is on a higher floor and has the best facing and layout? And what the xxxx you know whether he is saying the truth? Can’t you see that he is just bluffing you?

    Agent: (with contempt) Well, all owners think that they bought the best flat. It is the tenants who go to view all the different projects and units.

    Owner: (very angry) Isn’t that your job to market the good points of my place to all the tenants out there? Isn’t that exactly what I am paying you for? If you just do listing in property portals and wait for tenants to take it up, I can also do it myself!

    Agent: (feels hurt) If you don’t believe in my decades of experience in the property industry and my track record of deals closed, you don’t have to engage my service.

    Owner: Well, what would you do if you’re so smart?

    Agent: (in disgust) I’d tell you, but you’re too dumb to understand.

    Owner: I don’t know where this disrespectful attitude came from.

    Agent: You owners always want to save this save that and end up missing all the good offers. You leave the place vacant for another month, you miss another month’s rent. Time is money.

    Owner: (silence)

    Agent: This is the one and only one real offer we have now. And you seldom find these kind of good tenants with reputable jobs and company lease. Shouldn’t we consider it or at least counteroffer? If you let this one slip, you never know when the next offer will come.

    Owner: (sigh and soften his voice) Alright, $4,300 we will give him everything he wants and $4,000 for taking it as it is. Listen, if you can’t rent it out this time, I’d call that an unqualified success.

    Agent: Well, I’ll try.

    Owner: Don’t just try. Take (him) to the moon for me, okay?

    Agent: Okay, I will get back to you on this. (long sigh) I know owners like you – inside out.

  2. #2
    Join Date
    Jun 2015
    Posts
    307

  3. #3
    Join Date
    Jun 2015
    Posts
    307

    Default

    Above are 2 examples , 1 miscue and the other 1 executed it perfectly. It didn't paint the whole picture. How many make it and how many not. Do invest within your limit, dun hurt your family relatives and friends.

  4. #4
    Join Date
    Oct 2010
    Posts
    4,739

    Default

    "We cashed out and together with the initial capital we had, we had almost $1 million in cash. The six months after the collapse, cash was king."
    Between September 2008 and April 2009, with cash and some loans from their family, the couple took the leap to invest in four high-end condominiums and three landed properties.

    hmm, looks like the couple took LTV90% mortgages to be able to buy all the above with only $1million + some family loan.

  5. #5
    Join Date
    Jun 2009
    Posts
    2,511

    Default

    Quote Originally Posted by hopeful View Post
    "We cashed out and together with the initial capital we had, we had almost $1 million in cash. The six months after the collapse, cash was king."
    Between September 2008 and April 2009, with cash and some loans from their family, the couple took the leap to invest in four high-end condominiums and three landed properties.

    hmm, looks like the couple took LTV90% mortgages to be able to buy all the above with only $1million + some family loan.
    I think the couple also must be earning well to be confident of leveraging.

Similar Threads

  1. mamashop inside condos
    By real_ice in forum Coffeeshop Talk
    Replies: 3
    -: 08-11-17, 21:24
  2. Inside the $48 mil ‘Copper House’
    By reporter2 in forum Landed Property
    Replies: 0
    -: 28-06-16, 00:49
  3. Installing traffic light inside the MRT station
    By irisng in forum Coffeeshop Talk
    Replies: 17
    -: 11-02-14, 07:50
  4. Rent my HDB and stay in condo
    By smarian in forum Singapore Private Condominium Property Discussion and News
    Replies: 47
    -: 30-12-11, 20:20
  5. Buy and rent out a Condo
    By Ryan Shah in forum Singapore Private Condominium Property Discussion and News
    Replies: 10
    -: 16-05-10, 20:46

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •