Tuesday, June 19, 2018

Citrine Residences 2-bedrooms Rental @ Sunway Iskandar

2 bedrooms (1,087 sq ft) at 35th floor. Second top floor unit.
Rental : RM 2,800
Rental Yield: 4.60%

November 3, 2017: Sunway called for key collection. We need to clear some payments first before collecting the keys.
Total payable : RM 5,508.55.
RM 2,450 are actually deposit.
Monthly fees will be RM 416.53.

November 22, 2017 : collected the keys. Engaged more than 10x agents to hunt for tenants.

December 5, 2017: renovation started, all lights, water heater, ceiling fans installed.

December 9, 2017: curtains installed, wallpaper installed.

December 13, 2017: main door grille installed

December 21, 2017: furniture delivered , electrical appliances delivered.

December 22, 2017: built in wall mirror installed and unit is ready for rental .

Electrical appliances and furniture spent : RM 7,802.
Renovation with lights, ceiling fans and water heater : RM 10,745.
Total spent : RM 18,547.

January 24, 2018: Referred to agent Angel.

February 2, 2018: Agent arranged viewing for potential tenant.

February 4, 2018: Tenant increased the offer from RM 2,500 to RM 2,800 and I accepted. It took 12 days for Angel to secure this tenancy.

February 5, 2018: One month rental deposit received. Offer to Lease letter signed.

February 7, 2018: sofa and queen size mattress with bed frame removed from Citrine unit to Nusaheight unit (as the tenants have their own sofa and mattress, that save me RM 2,898). I paid RM 250 for the mover fees.

February 9, 2018: 2 months deposit and utilities deposit received.

My beautiful unit.
Living hall.
It is quite spacious.
Hallway to bedrooms
Dining area.
The dining set.
View from living room.
View towards kitchen.
Gorgeous view at master bedroom.
Another bedroom.
The tenants have the privilege to enjoy the fantastic view at 35th floor. :)

Some interesting facts:

(1) Sunway gave RM 5,000 to re-sign the document (due to the Johor state housing rules change).

(2) I received 3x referral fees, RM 15,000 from Sunway. I split 50% to the purchaser, hence, I received RM7,500 nett as referral fees. The 4th referral fee is on the way.

Total red-packet received: RM 12,500.

Yearly fees incurred:

(1) Fire insurance ( yearly ) : RM44.82
Insurance covers from 13 April 2018 to 12 April 2019
(2) QUIT RENT 2018 (yearly) : RM134.57
(3) Service Charge (monthly): RM 330.48 (RM 0.304 PSF), one year : RM 3,965.76
(FREE one year service charge, from Jan to Dec 2018)

(4) Sinking Fund (monthly): RM 33.05 (10% of service charge) , one year: RM 396.60.
Due date : 14th of the month

(5) Shared Service Charge ( monthly) : RM 53 , one year : RM 636.

Total yearly charges : RM5,177.75


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