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

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

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

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

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)
2010	300,000	300,000	300,000	300,000	300,000
2011	315,000	330,000	345,000	360,000	375,000
2012	330,750	363,000	396,750	432,000	468,750
2013	347,288	399,300	436,425	518,000	585,938
2014	364,653	439,230	480,068	622,000	732,423
2015	382,886	483,153	552,079	746,400	915,529

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)
2010	300,000	240,000	195,000	150,000
2011	315,000	252,000	204,750	157,500
2012	330,750	264,600	214,988	165,375
2013	347,288	277,381	225,738	173,644
2014	364,653	291,723	237,025	182,327
2015	382,886	306,309	248,876	191,443

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)
2010	300,000	240,000	195,000	150,000
2011	330,000	264,000	214,500	165,000
2012	363,000	290,400	235,950	181,500
2013	399,300	319,440	259,545	199,650
2014	439,230	351,384	285,500	219,615
2015	483,153	386,522	314,049	241,577

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)
2010	300,000	240,000	195,000	150,000
2011	345,000	276,000	224,250	172,500
2012	396,750	317,400	257,888	198,375
2013	436,425	349,140	283,676	218,213
2014	480,068	384,054	312,044	240,034
2015	552,079	441,663	358,851	276,040

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)
2010	300,000	240,000	195,000	150,000
2011	360,000	288,000	234,000	180,000
2012	432,000	345,600	280,800	216,000
2013	518,000	414,400	336,700	259,000
2014	622,000	497,600	404,300	311,000
2015	746,400	597,120	485,160	373,200

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)
2010	300,000	240,000	195,000	150,000
2011	375,000	300,000	243,750	187,500
2012	468,750	375,000	304,688	234,375
2013	585,938	468,750	380,860	292,969
2014	732,423	585,938	476,075	366,212
2015	915,529	732,423	595,094	457,765

“Crisis is Danger and Opportunity”

Blacklisted Property Developers in Malaysia without License until 30 April 2012

NO	DEVELOPER
1	A GHNIYAK BUILDERS SDN BHD
2	AMPLE DEVELOPMENT SDN BHD
3	ANDAMAN TIMOR SDN BHD
4	ANGLO PROPERTIES SDN BHD
5	ANJUNG PROPERTIES SDN BHD
6	ANUGERAH DEVELOPMENT SDN BHD
7	A TLAW HOUSING SDN BHD
8	BAGAN MASYUR SDN BHD
9	BINALIF PROPERTY & DEVELOPMENT SDN BHD
10	BINA JASA CORPORATION SDN BHD
11	CAPITAL LANE SDN BHD
12	CORAL VISTA SDN BHD
13	DAHRIA CORPORATION SDN BHD
14	DATARAN FAJAR DEVELOPMENT SDN BHD
15	DELIMA IMPIAN SDN BHD
16	ECK DEVELOPMENT SDN BHD
17	EVERISE ACRES HOLDINGS SDN BHD
18	EXPAND FACTOR SDN BHD
19	GANJARAN DELIMA DEVELOPMENT SDN BHD
20	HAPPY HOME DEVELOPMENT SDN BHD
21	IKHTIAR CORPORATION SDN BHD
22	IKATAN DARMA SDN BHD
23	INAI SETIA SDN BHD
24	INTEGRATED LAND RESOURCES SDN BHD
25	IRAMA HARMONI SDN BHD
26	JK-NBA VENTURES SDN BHD
27	JUWASA HIKMAT SDN BHD
28	KAMARA LAND SDN BHD
29	KARISMA HOUSING DEVELOPMENT SDN BHD
30	KOMENA BERHAD (KOPERASI MELAYU NUSANTARA)
31	KS PROPERTIES SDN BHD
32	LASAH EMAS SDN BHD
33	LEMBAH JEJAK SDN BHD
34	LESTARI PUCHONG SDN BHD
35	LURAH PANTAS SDN BHD
36	MBO MEGA DEVELOPMENT SDN BHD
37	MALRICH HOLDING SDN BHD
38	MELURIAZ SDN BHD
39	MENANG MURNI SDN BHD
40	MERPATI CORPORATION (M) SDN BHD
41	MJ LAND PROPERTIES SDN BHD
42	NAN SHEN HUAT PROPERTIES SDN BHD
43	NEWACRES SDN BHD
44	NURANGKAI DEVELOPMENT SDN BHD
45	NUSAJAYA DEVELOPMENT SDN BHD
46	NYATA IMPIAN DEVELOPMENT SDN BHD
47	OCH PROPERTIES SDN BHD
48	ORIDUA CONSTRUCTION SDN BHD
49	OSMAL SDN BHD
50	PARAGON NOVA SDN BHD
51	PELITA PLUS SDN BHD
52	PEMBINAAN LS SEPAKAT SDN BHD
53	PENTA HEIGHTS SDN BHD
54	PERKASA INDERA SDN BHD
55	PERWIRA INDRA SAKTI SDN BHD
56	PILECON HOME DEVELOPMENT SDN BHD
57	POPULAR ACRES SDN BHD
58	Q-VISTA SDN BHD
59	REAP & RICH WORLDWIDE HOLDING SDN BHD
60	RHID DEVELOPMENT SDN BHD
61	SAFA CORPORATION SDN BHD
62	SERAYA SELERA SDN BHD
63	SHAMAN PROPERTIES SDN BHD
64	SIMPULAN CEMERLANG SDN BHD
65	SINAR FADZILAT (M) SDN BHD
66	SL WORK FORCE DEVELOPMENT SDN BHD
67	SOLARGLOW SDN BHD
68	SPS SETIA SDN BHD
69	SUMMERSET RESORT SDN BHD
70	SURE MERIDIAN SDN BHD
71	SYAHIRA DEVELOPMENT SDN BHD
72	SYAHIRA PROPERTY SDN BHD
73	TAI CHONG REALITY (MALACCA) SDN BHD
74	TAMAN BUDAYA SDN BHD
75	TEGOH TIMBER SDN BHD
76	TEMPLE PARK RESORT & GARDEN BUILD SDN BHD
77	TERATAI SEROJA CORPORATION SDN BHD
78	TIMINI SDN BHD
79	TUDONG EMAS (M) SDN BHD
80	UMMAH CEMERLANG SDN BHD
81	UNI LEGEND ESTATE SDN BHD
82	VISI NUSA LAND SDN BHD
83	ZEST PROPERTIES DEVELOPER SDN BHD

Source: KPKT

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

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

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

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

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.