Blr guys -Did you come across a 'good landlord' yet, or is it just oxymoron?
Dukh. Dard btao apne rent experience ke?
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Yes, I have.
A North Indian landlord gave flat in 1Month security, yes 30d.
Again a Telugu landlord gave on 2m security and both landlords were like best friend.
They helped transition from ncr to blr.
Whenever I try to invest in real estate, or career transition etc I take their suggestions. They are 20+ yoe folks.
Bonus - Don't pick good property, but pick good landlords! They bring a lot on the table.
They do exist! Old landlord actually reduced rent during COVID, and returned (almost) all of the deposit!
Some bad actors on both sides ruin the experience however for everyone else.
Karma stuck in traffic 😂🤣😂 I kind of lost at this line😂
Owning a house for rental income is a lose lose proposition unless you get lucky in a specific area. The rental income is less than 4% and the construction is constantly depreciating with new maintenance required. With 4% returns and 10% interest, with a PAN, is anyone's guess how much the persons income reduce with income tax. There are ways to offset rental income but not giving PAN is a easier approach.
Once people find how much of a money pit Real Estate for investment is, they try to squeeze the last drop from tenant.
The good landlords will be the ones who have paid off their loan decades back, retired and not dependent on rental income. They just want peaceful tenants who keep the house clean ( yes, they don't bachelor's)
Lastly, are the landlords saints in other cities they way people project it. Or landlords do charity outside Bangalore?
Dinosaurs do not exist
Similarly good landlords do not exist
They’re only decent ones
I still do, live in the same place since the last 3 years in a prime location society, paying the same rent and 3 months security. Never bothers, never disturbs, always ready to help.