SDB Finance Information

Finance information for you

Posts Tagged rental property

TRIS Rating credit rating new debt “The Quality House” at the “A-”.

Feb 22

Posted by admin in Real Estate

TRIS Rating Co., Ltd. announced that its credit rating unsecured bond set in the amount not exceeding Baht 2,000 million, of Quality House Co., Ltd. at “A-” while still credit unsecured corporate bonds, and the current set of Company at the “A-” like the Bond series of the new replacement bond unsecured in the amount outstanding to 1,000 million, the firm has announced the credit to on May 10, 2010 The ratings reflect the work long in the property development business.

As well as a strong presence in the residential housing market and the low price levels. And recurring revenue from a variety of sources including Marble rental apartments and Office building The ratings also consider taking into account the financial flexibility of holding money. Investment in associate with these strengths, however, was partially offset by political uncertainty. Nature of the property development business is up and down cycles. And its ratio of loans is quite high when compared with other operators.

Rating Outlook “Stable” or “Fixed” reflects the effect of the increase of demand from new housing increased TRIS company is expected to maintain its leadership in the residential housing market prices. continue to be high as well as to maintain the proportion of housing products to be balanced to support. Changes in customer demand. The company’s debt issues have to be careful that the plan to expand the project should not affect the effort to build. Strength to the company’s balance sheet.

TRIS Rating reported The Quality House is one of the leaders in the Thai real estate market, which is famous. Market acceptance of the low housing prices. Founded in 2526 by Land & Houses Public Company Limited (), the largest shareholder of the company at the end of 2010, comprised of Land and House with family Asavabhokhin (25%) and The Government of Singapore Investment Corporation Pte. Ltd. (11%) of the company’s competitive advantage comes from having a strong presence in the market. Housing prices. In addition, the exact source of income from rental property with the quality. The service includes Centrepoint Apartment and Office Building, Q. House.

It also has moderately priced housing Casa Ville and Casa City, which is known more. Company had a revenue recognition from the housing and apartment about 93% of total revenue during the first 9 months of the year 2010, while rental income from the project offices and serviced apartments out with about 7% price Average sales per residential unit in all of its projects in 2010 stood at 7-8 million baht steady decline ever since over 10 million in 2549, which shows the strategies that focus on customer revenue. more moderate at the end of September 2010 the Company had the land and construction projects in hand worth about 20,524 million Baht.

When compared to competitors. TRIS Rating said The Quality House is the type of assets that differ by 1 / 4 of total assets as rental property and investments in associates. In addition to real estate for rent by creating recurring revenue and cash of course but also enhance liquidity to the company because the company can sell real estate. Property were granted to real estate funds also investments in associated companies, 3 of which 2 of the securities traded on the Stock Exchange of Thailand and also one of the plans listed on the Stock Exchange, the company had income from cash dividends of approximately 300 – 400 million per year, which is funding the other hand. It also added liquidity to the company in the long term.

Read the rest of this entry »

Tags: , , , , , , ,

No Comments

3 Reasons to Own Rental Properties in College Communities – Part 2

Feb 4

Posted by admin in Real Estate

Having personally experienced the pleasure of owning rental properties in a college (university) town, there is a wealth of reasons to locate one’s properties in a community that houses a center of higher education. Listed below are just three of the myriad reasons a rental property owner should add college-town rental properties to their portfolio.

* This article is part two of a two-part series

4.) Good Tenants - Of course there are exceptions to this rule, but most college-town tenants are excellent tenants. They pay their rent (and utilities if required) on time, take care of the property, and are often very courteous to the property owner. From personal experience, pharmacy, legal, and engineering students are often the best tenants because they are constantly bogged-down with complicated homework; leaving them little time or want to party (they are also the most driven to succeed which also indicates a lack of partying).

5.) High Tenant Turnover - Is this author kidding? Since when is high tenant turnover a good thing? Welcome to the world of rental property management in a college town. In this atmosphere, high turnover is a key to one’s rental success. First, every year there is a plentiful supply of new tenants, making it relatively easy to re-rent a property. Having tenants leave every one to three years gives the property manager the opportune time to slightly raise the rent, thus increasing the property’s income. Often, the new tenant doesn’t even realize the rent has been raised.

6.) Inflated Property Values - This benefit is a double-edged sword. Property values in college and university towns are almost always higher the surrounding areas because of the increased demand for property within the town. This is good once one owns the property and begins experiencing the power of equity, but it is before one owns the property that it can be very dangerous. DO NOT over pay for a rental property in a college town. Run some numbers (often a net income evaluation) and make sure that the property will produce income at the given purchase price. If one over pays for a property, they have already destroyed their cash flow potential, so be careful.

College towns are great towns for rental properties, but a few precautions should be taken before jumping in. First, investigate the town to make sure that there are enough tenants to go around and that the school is growing; not shrinking. Secondly, colleges and universities that have excellent graduate programs are more preferable, because they get older students that almost always live OFF campus. After satisfying the above two precautions, one is ready to enter the lucrative niche that this article’s title describes.

Tags: , , , , ,

No Comments

Maintenance On A Rental Property

Nov 12

Posted by admin in Real Estate

Maintenance on a rental property can be a confusing issue. Renters may mistakenly assume all maintenance is the responsibility of the leasing agent and maintenance staff but this is usually not true. In many cases the leasing agent and maintenance staff are responsible for maintaining the common areas and performing major repairs on the apartments but the renters do typically have some responsibilities. These responsibilities are often defined in the rental agreement and the renter should familiarize himself with this document to verify his rights if a dispute arises.

Renter Responsibilities
Typically renters have the responsibility of maintaining their apartment and the surrounding area. This may include the interior of the apartment as well as deck or patio space. However, maintenance of these areas applies to generally cleanliness only and not issues such as painting or repairs to the exterior or the interior of the apartment structure or the appliances within the apartment.

Additionally, renters are responsible for small repairs in their home. This may include plunging a clogged toilet or changing a light bulb. However, if there are any duties a renter feels uncomfortable performing such as changing a light bulb in a high location, the renter should contact the maintenance staff for assistance.

Renters also have a responsibility to show common courtesy to other renters by not intentionally damaging or otherwise marring public areas. This includes vandalism, littering and even failure to pick up after dogs. Renters who fail to follow these rules of common courtesy may be subject to fines or other penalties according to the rental agreement.

Leasing Agent Responsibilities
The leasing agent and maintenance staff are generally held responsible for major items such as repairs to the exterior of the building, fixing appliances which are malfunctioning and dealing with plumbing issues such as leaky pipes. Additionally, the maintenance staff is responsible for intervening if the renter is having trouble with public utilities. Problem such as no hot water or heat to the apartment should be addressed by the maintenance staff in conjunction with the public utilities entity.

The leasing agent and maintenance staff is also responsible for maintaining the common areas. This may include keeping grassy areas manicured and other common areas looking clean and attractive.

When the Leasing Agent is Not Taking Responsibility
As previously discussed, the leasing agent has certain responsibilities to perform tasks and address concerns and complaints by the renters. However, when the leasing agent is not fulfilling these responsibilities it could create a harmful living environment for the renter. For example hot water is required to adequately clean dishes. This is why there should always be hot water to the apartment. Additionally, in severely cold weather the inability to heat the apartment due to faulty utilities or windows which are not properly sealed can create a hazardous condition for the renter.

Both of the examples mentioned above are situations in which the renter may put in a hazardous condition by the leasing agent’s negligence. In these situations the renter should contact the Department of Housing to determine the proper cause of action to take in this situation.

In some cases the renter may be informed the alleged transgression by the leasing agent is not actually his responsibility. However, in other situations the renter may be informed that the actions of the leasing agent are a serious violation of the rental agreement. In either case, the representative can provide information on how to proceed to achieve the desired results.

Tags: , , , ,

No Comments