What to Think Before Renting Out Your Property

You can run property business using various strategies such as renting out. You can rent out your own house or purchase a property to rent it out. Besides, rental property is one of the most common strategies investors used in order to earn regular income every month. Of course, rental property has its perks and challenges. You need to make sure that you know at least the basic knowledge of leasing out. You need to know how to be a good landlord and how to manage the business properly. Even if you decide to rent your property out to your friends, business is business and you should treat it like one.

Consideration before leasing out your property

You see, there are many challenges when it comes to renting out property such as when tenants break the lease before it’s due, overstaying tenants, destructive tenants, and many more. Managing your property to be rented out is sure challenging but if you can make it work, it will pay off. Here are things you need to know about challenges in leasing out property:

Consideration before leasing out your property

Good Documentation

You need to make sure that everything is documented. Your lease should be in written as well. You need to make the right agreement regarding to your situation. You may also need to make property inspection report. This document is important so that you have a valid record of the condition of your property before your tenants move in. make sure to cover every important point in your documents to avoid getting in problems in the future. The lease should be signed so it is legal. Verbal contract or handshakes are not necessary because written lease is more important and valid.

Gather Information

Before renting out your property to potential tenants, you have right to ask basic information. However, you need to make sure that you are not involved in discrimination trap. If you reject an applicant, make sure that your reason is valid and doesn’t involve any discrimination or harassment.

Give Clear Information

As the owner of the property, you need to make sure to give clear information regarding to the tenancy to your tenants. If there is issue regarding to the safety or healthy, you need to disclose it to your tenants so they are aware of the risk or possibility.


Insurance is important even though some landlord or investors choose not to buy it. You need to insure yourself properly. Renting out your property is quite risky. Accidental and malicious damage is only one type of thing that can happen to your property which can cost you expensively if you don’t get covered by insurance.

Treat It As Business

Your rental property is a business so you need to treat it like one. Managing rental property needs to be taken seriously if you want smooth and successful business. Casual attitude can lead you to disaster. However, treating it like business can prevent from potential problems in the future that can cost you a lot. In this matter, building effective communication with your tenants is one of most crucial factors.

Useful Items People Always Forget to Bring to Komodo Boat

You think you have packed everything necessary—and yet you always realise something you forget to bring to Komodo boat sailing trip. All the essentials are here; sunscreen, dive/snorkel gear, swimsuit, towels, clothes, power-bank, seasickness pills, you name it. But there will always be times when you wish you have bring these items. Things that you don’t think important at first but proven to be very helpful once you are on board. These items below might seems totally unrelated to sailing trip at first, but they are useful and definitely worth to bring.  

Useful Items to Bring to Komodo Boat

Useful Items People Always Forget to Bring to Komodo Boat

Clothes Clips

Holiday in Komodo boat is bound with many water activities. You gotta spend a lot of time snorkelling, diving, swimming, or playing at Komodo’s empty beaches. That means you will need to use your towel—a lot—and hang it to dry. Probably together with your wet clothes and swimsuits, too. And you don’t want to have your towel/ clothes flown by the wind, don’t you? Use clothes pin  to hold them into the strings or benches. 

Lip Balm 

The Komodo National Park is already hot to begin with, and they have little rainfall throughout the year. Being in hot open sea with direct contact with the sun everyday, you will get sunburn and dry lips soon enough. Bringing in sunscreen is not enough—you need to love your lips, too! Take care of the delicate skin on your lips by applying enough lip balm throughout the day. 

Anti Bug Lotions or Spray

You know that Komodo is extremely tropical and humid, and that’s a perfect place for bugs to stay. Also, the region is still prone to malaria diseases so protect yourself by having bug spray or lotion nearby. 

Extra Hair Tie

Onboard the Komodo boat, the wind could be strong and unmerciful. It’s always helpful if to have extra hair tie to tame your hair. Doesn’t matter whether you are man or woman—as long as you have long hair, you definitely need a bunch of hair ties. Because just like socks, they always disappear at times you need them the most. 

Hair Oil/ Hair Mist

You’ll spend half of your time in Komodo taking dips under the sea and we all know how damaging the saltwater could be to your hair. You will never regret for having hair oil ready on the boat. 

Additional Power Strips

The Komodo boat could be comfy and spacious, but still lack of power outlets. Most liveaboard in Flores has only one or two power outlets in each cabin and one in each common room. That means you would compete with 12+ passengers to charge camera, power bank, phone, and other electrical gadgets in very limited outlets. Save your energy from the hassle and bring a small power strip for yourself. You will definitely thank yourself!

Be Successful Investors by Learning Their Common Traits

There are difference between successful and unsuccessful people. As in investing, every investor adopt different traits as well. It shows who they are and what they want to be through their career choice as an investor. Involved in property investment doesn’t guarantee you success. It is something you need to earn whole-heartedly. There are successful investors out there who have been succeed to conquer many challenges throughout their journey in property investment. You can also become one of successful investors if you know what you have to do. It is important to remember that even though every individual has different and unique traits, successful people and/or investors have similar traits that help them to reach that stage.

Be Successful Investors by Learning Their Common Traits

Traits of successful investors you should learn to adopt

Successful investors have their own common traits that you can learn. Of course, a trait cannot be changed overnight. It takes time to truly adopt certain trait because it starts as habit. It is like planting seed, and it needs time to grow. However, there’s never too late to learn anyway. Here are common traits possessed by successful investors:

  • They have certain amount of obsessiveness. From business point of view, being obsessive is not related to bad thing. It means you are strong-minded and passionate to get the things you want to achieve. It makes you focus on spending the time and energy to the right thing. It can be your support to have clearer vision and goal in investing. With enough amount of obsessiveness, you will be able to make wise choices and avoid dwelling with unimportant things at the same time.
  • Passionate to make improvement is also a trait that most successful investor have. Successful investors don’t stop once they have reached their goals. They will expanding their goals to become bigger. Thus, they keep improving. However, the passion to make constant improvement also comes from their willingness to review their own performance in the past. They don’t hesitate to admit their mistakes. They encourage themselves to learn from mistake and make a better version of themselves.
  • Successful investors are not afraid of failure. For some people, failure is too painful to experience so they are really afraid of it. However, successful people have different point of view of failure. They use it as part of the process in achieving their success. They don’t consider failure as the end of the path but temporary thing. They consider it as opportunity to try out new ideas so they can make improvements.
  • One of the most distinctive common traits of successful investors is they don’t like blaming others. They take responsibility for any result of their business. It is because they know exactly what they do and what the consequences are before making decision. Instead of dwelling with the result they didn’t expect, they search for different opportunity and better ideas. They will look through everything and find out what they missed. This way, they can move on because blaming others don’t give them any benefit or privilege to their business.

Komodo Sailing Trip: Five Things You Might Not Know About

Ever since it’s nomination as one of New 7 Wonder of Nature, Komodo National Park has definitely gained a place on travelers’ bucket list. Home for the last colony of Komodo Dragons on earth, idyllic beaches, and jagged savannah hills, this UNESCO World Heritage site has a certain wild and wondrous flavour to satisfy the most Jurassic-esque adventure. Certainly, cruising around the Flores Sea while hopping between island within the national park is the best way to enjoy Komodo’s beauty. You might have heard some of Komodo’s main attraction; bird-eye view of panoramic hills, pink sands, dragons, wild life, and incredible marine life. Here, we compiled six things you might have not know about sailing in Komodo.

Komodo Sailing Trip: Five Things You Might Not Know About

The Dry Season Might Get A Little Wetter

Indonesia, where Komodo National Park is located, is a tropical country. Being all surrounded by water with high humidity, it won’t be strange if sometimes you find the rain fall in the middle of your Komodo sailing trip, that supposedly done in dry season. But worry not, the rain would probably last an hour or so, before the sky get all bright again.  

It’s Busier Than You Think

You might have pictured Komodo as somewhere remote, off form the beaten path, and totally idyllic with only few humans around. While it’s true that Komodo is all remote and unspoiled, it might not as empty as you’d think. April to September is Komodo’s busiest time—boats are departing back and forth from Labuan Bajo, carrying travelers from all around the world. But don’t worry, your Komodo operator will help you to escape the crowds!

Komodo Sailing Trip Might Be Totally Closed on Rainy Season

Rainy season in Indonesia could hit very hard. During these times, the sea would be too rough to sail in, and the weather could be highly unpredictable at some times. Last year, a couple of boat were hot by the storms and got wrecked because they insist to sail despite the bad weather. For safety reason, a lot of boat operator closed their Komodo sailing trip during this season, which usually last from January to mid-March. 

Be Prepared to Exercise Komodo Cruising Trip, A Lot

Exercise is probably the furthest thing on your mind while you are on a holiday. But when you are in Komodo sailing trip, you will get to exercise, a lot. Be prepared to walk a long trek for Komodo Dragon sight-seeing, hiking the hills of Padar Island, Gili Lawa, and other islands, and swim/ snorkel in Komodo’s bright water. Some of the best view in Komodo (the one you see on social media) can only be reached by climbing steep hills, so get your feet ready. 

Komodo Are Not Related to Dinosaur 

Despite their dinosaur-esque apperance, Komodo dragons are not a dinosaur. They may be prehistoric, yes, but these gigantic lizard are descendant of Megalania priscus, 20 foot long monitor lizard from Australia. But they still have lethal bite, muscular limbs, and strong grip just like dinosaurs do.

Effective Tips for Beginners in Business

Beginners in business might be so many but there are only some of them who can survive. We can make sure that the business opportunities which can be found are wide open. As long as people can see the opportunity, they can start their business and be the boss. However, it does not mean that starting the business will always mean the warranty to be successful. They have to work hard and they also have to consider the following tips which are effective for them.

Effective Tips for Beginners in Business

Business with Proper Knowledge

Everyone wants to be successful when starting a business. However, from so many options of business which can be chosen, people have to choose the right business for them. It means that they have to choose the business which they can handle properly. It is important to have proper knowledge about the business they want to build if they do not want to suffer the loss in the long term. They have to gather the needed information about the business. Doing the research is a must. It will be better to ask the people who are related to the business as well before they can start the step to build it.

Marketing Strategy

There is no way a business can be successful without applying the right marketing strategy. Even the beginners should know about this if they want to build a successful business. People should check their marketing strategy twice before they can finally launch the business. In fact, the success of the business will depend upon the way they can market the business properly. The beginners in business should make sure that they plan the strategy for the business marketing in advance.

Wise Choice of Investment and Market Area

Being wide when starting a business is a must. They must not be emotional when running the business for the first time. The investment must be done wisely. They have to pay attention to the capital by making the important task list and planning the investments. The best results can be found if people do not avoid the important tasks of the business. They also have to make a wise choice of the market area. On the market, there are various ideas of business which are implemented by many companies. They should consider one of them with a high rate of success. They can choose the idea which is out of those but the success rate will be pretty low.

Competitor Analysis

In the business world, people will always meet the competition. In this circumstance, they need to make sure that they stay ahead in the business competition. There is no way they can do this if they do not pay enough attention to the competitors of their business. Using the competitor analysis will give the business benefits for sure. It is useful for finding the strengths as well as the weaknesses of the competitors. They will also be able to observe the business strategies used by the competitors to stay ahead. This step must not be missed by the beginners in business.

Avoid These Mistakes in Property Investment

Mistakes in property investment can be made actually. We can make sure that there are many people who choose to invest their money in the property world. There are various good reasons for choosing this type of investment after all. More importantly, this is a type of investment with the increasing value after a certain period of time. Many people think that investing in property will always be profitable. Nevertheless, there are some mistakes which they can make when choosing property investment after all and they must be avoided.

Avoid These Mistakes in Property Investment

Emotion over Logic

Many people actually make their home which is used for living as their investment. This might be the reason why many of them will use their emotion more than their logic when choosing the property. When people want to make the property investment, this is a mistake which must be avoided. It can be a trap for many people. If they want to be a property investor, they should buy the property by considering the analytical research. It means that they have to consider the gains and returns which can be provided by the property. They also have to consider the property in the best location which will be able to attract the tenants with quality. There are more and more questions which must be made before making the investment for sure.

No Risk Plan

Many people just think of the profit when they are investing in the properties. Although it is considered a profitable investment option, there is no doubt that there must be a risk which might be faced in any type of investment. They will make a mistake if they do not pay attention to the risk. One of the mistakes in property investment is not planning for the way counter attack the risk. They have to make the right strategy not only for the long term but also the short term of the property investment.

Impulsive Acting or Too Cautious

People can make mistake in the property investment with their impulsive acting or too cautious behavior. When they do this, they will never go further beyond their first property investment after all. Some of them who are being too cautious will have a big question about when to start the property investment but they find that it is too risky every time so they do not start the investment at all. Some others are too hurry so they make the impulsive investment. One thing for sure, they need to know about the right way to invest in property and they have to be prepared with the risk to do this right.


Many beginners in property investment just want to get the profit instantly but it will not work this way in the property investment world. It is possible to get the short term gain but it is more about speculation. They really should consider the strategic investment which involves patience when they want to invest in property. One thing for sure, speculation must be avoided because it is included in the mistakes in property investment.

5 Tips on Buying a Property to Rent

Buying a property to rent might be something you want due to the fact that the real estate has created a lot of wealthy people out there.

You might also think that purchasing a property for rental could be a real investment for the future. However, it could drown you into thousands of dollars of debt and other issues when you do not have enough preparation. So, in this article, we are going to show you 5 important tips before buying a property to rent. It is not impossible to be an estate tycoon in the future, right?

Make sure it is for you

When you are looking for the property to buy, you will see a lot of things in that house. For example, the clogged toilet, a toolbox, or drywall would need to be repaired one day. You need to ask yourself if you will be okay when the issues come and you need to fix it. Some homeowners would repair it themselves in order to save the cost. If you are okay to be a handyman in your own property then you may be suitable to be a landlord.

Pay down your debt

Investors who have been around for years might bring their debt along for their portfolio. However, if you are a beginner and this is your first time to purchase a property to rent then you should not do that. So, if you have medical bills, student loans, or you simply have kids who need to attend college next year then it is better for you to focus on those things first. It is not wise to make payments when you do not have cash.

Pay the down payment

Generally, the investment properties will need a bigger down payment than other owned properties. It is supposed to make the approval requirements with a better stringent. If you can only put 3 percent for the hone you are currently living in, it will not work for an investment. Since mortgage insurance is not available for a rental property, you need to put at least 20 percent.

Higher interests rates may haunt

You may get a low-interest rate right now. However, the interest rates when it comes to the investment property would get higher than another traditional mortgage. Keep in mind that you need a low payment for a mortgage so you can still enjoy your monthly profits too.

Calculate the margins

For your information, the Wall Street firms that purchase distressed properties will need for returns at least 5 percent. They still need to pay their staff too. This is why the individuals will make at least 10%. 

Also, you need to make the estimation for maintenance cost at least 1 percent of the annual value of your property. Other expenses may include insurance cost, the possible fees for homeowners’ association, taxes of your property, and other monthly expenses such as landscaping and pest control. So, those are things you need to consider before buying a property to rent.

Best Countries to have Property Business

When it comes to international property business, there is one thing that you should know. The thing is, it can be tricky when you wish to engage to the business which involves the international properties since the situation in each country and the policy in each of them would be likely to be strikingly different. Therefore, it is best to figure out the countries which are most favorable to start your business. These countries below are the best places for you to start your investment in property.

Best Countries to have Property Business
  • Ireland

The first country that you should visit when you wish to start a business in property is the country which is located near the United Kingdom and its name is the Republic of Ireland. Across Europe, most people would agree that this country, which used the shamrock plant as its national symbol, is the best place to start investing at a property. Although interesting, this island country is actually a pretty tricky place when you wish to invest since there are several policies that are beneficial as well as the policies that are restrictive. Well, its prices in real estates are climbing and it is a good thing for investors. However, it has high rental yields (6.64%) and rent (USD 2,077). 

  • Barbados

Now that we have mentioned one of the countries in Europe, let us find another country which is from another continent, shall we? Instead of Europe, Barbados is located in the Caribbean area and it is an island which used to belong to the British. Now, it is a beautiful country and it is visited by numerous tourists annually. Well, this one is one of the best countries for having property business since its rental yields and the tax offset for its income are surprisingly low (5.48% for rental yields and 7.5% for rental income tax). However, it can be difficult to start your business here since the government requires you to have a license from the Central Bank to invest in property there.

  • Indonesia

The next country we mention here is the country which is also known to possess more than a thousand islands and volcanoes and its name is Indonesia. Okay, although it has a lot of volcanoes, most of the populations actually live in safe areas and it is not as dangerous as you think! Also, the country is actually a good option to start investing in property since its high rents are pretty high (USD 2,486); you can gain a lot of profit in this country! Also, the rental of this country is pretty effective at about 8.61 percent. Unfortunately, though, this country also has a downside, which is its high tax for rental income. 

  • Philippines

This country is located right above the previous one that we mentioned. It is true; the Philippines is located at the north of Indonesia and they are relatively similar when it comes to property investment. The country is very profitable since the rental yield is high (6.13%), the rent prices are appealing (USD 2,422), and the tax rate for rental income is low (4.06%). Therefore, it is the best country for having property business.

Real Estate Business: How to Start

This article will discuss several things you need to know before starting real estate business. These things are necessary to make your business run well and it is no trivial thing since 87 percent of agents who operate in the real estate business fail in the first five years after they start. It is true; this is not the thing for those who are not strong enough! However, there are several ways you can follow to make your effort easier.

Real Estate Business: How to Start
  • Have an excellent plan

The first important thing to do before starting a business in real estates is that you need to have great planning and it is your priority. Planning like a boss is the thing you would definitely need since this is a business and having a business plan is the thing to have if you wish to outperform the average salary of most realtors. To make one, you will need to have a financial goal that is crystal clear and make sure it is important for your life. Instead of thinking tactically (e.g. the amount of commission you would wish to receive), strategic thinking is the thing you need and you should figure out several things, like how you would retire at 65, what you want to feel in your life, and paying your children’s education.

Also, you need to align the plan of your real estate business and start figuring out your biggest asset. Identify the things that make the business you own shinier than its competitors. You can also understand the values of your business, as well as the principles that you hold. 

After you have understood the things mentioned earlier, the next to do is to have a marketing plan with consistent quality. Obviously, you would have passed the marketing license exam when you were still in the school, have you not? Then, it is time to prove it and pick the best brokerage for your business! Also, establishing a solid database to those within your sphere of influence is important. Strategically thinking about the market dynamics is also the thing you need to do and you also need to be able to offer the values of your business to your customers so that you can drive down your marketing in the future more easily. 

  • Understand the ways to survive

Now that you have understood the plans to establish your business, it is time to ensure that it stays alive for the next five years and more. Since we live in the digital era, having a website is a good way to make your business run well since most potential buyers would look for the options available on the internet. Make sure that it adheres to the SEO and it has an attractive look. Well, it might be a bit expensive, but it is definitely worth it. 

Also, you need to nurture the leads since they will need to be contacted back once they call you. If you wish your business to run properly, then, you need to understand the importance of a follow-up system. Beating your competitors is way easier when you are always there when needed and that is one of the tips of having a real estate business.