Service apts for rent

[Abhagyudu]

Constructing a 8 2 bed room apts in my home town.. service apts vallu rent ki adugutunnaru..any pitfalls or any jagratallu that I should take in case of renting it to them..db lol evarikanna idea vundemo ani post chesa..

[chintumintu1]

Which town bro?

[Android_Halwa]

Ae ooru ?

Vadu adugutunadu ani construct chesi isthe, ROI vastada asalu ?

[nuvvu_naakina_paalem]

5 minutes ago, Android_Halwa said:

Ae ooru ?

Vadu adugutunadu ani construct chesi isthe, ROI vastada asalu ?

ROI never in india

only land value appreciate ayithe you are safe.

AP amaravathi region type ayithe whole bokka

[Googlie]

9 minutes ago, Abhagyudu said:

Constructing a 8 2 bed room apts in my home town.. service apts vallu rent ki adugutunnaru..any pitfalls or any jagratallu that I should take in case of renting it to them..db lol evarikanna idea vundemo ani post chesa..

Have an agreement 

include damages are to be fixed by that person before handing over to you back after agreement 

include that you have right to inspect the apartments when needed 

they have to clear electricity bills and water or sewage bills etc by due date and they will be responsible for fines or interests if they don’t pay etc 

 

any legal cases arising out of the leasing to tenants should be taken care by the service apartment maintenance guy and not you - this helps if that guy rents to someone that does illegal activity like gambling or prostitution etc 

check with Hyd lawyers or Propperty managers and you can use the same template they use in Hyd etc as it might include all major clauses 

[Android_Halwa]

2 minutes ago, Googlie said:

Have an agreement 

include damages are to be fixed by that person before handing over to you back after agreement 

include that you have right to inspect the apartments when needed 

they have to clear electricity bills and water or sewage bills etc by due date and they will be responsible for fines or interests if they don’t pay etc 

 

any legal cases arising out of the leasing to tenants should be taken care by the service apartment maintenance guy and not you - this helps if that guy rents to someone that does illegal activity like gambling or prostitution etc 

check with Hyd lawyers or Propperty managers and you can use the same template they use in Hyd etc as it might include all major clauses 

Iyani sesthe, migile a 1% margin poi...talakaya noppi ni nethi mida techukunatu ayitadi

[Googlie]

3 minutes ago, Android_Halwa said:

Iyani sesthe, migile a 1% margin poi...talakaya noppi ni nethi mida techukunatu ayitadi

Cheyka pothe then he will end up in legal issues if the person slowly occupies the building and does not vacate 

or if they damage and leave 

or if they involve in criminal activity and police helds abhagyudu as the building is under his name 

agreement might cost him 1,00,000 to 2,00,000 but this is a peace of mind 

 

and no one does 1% ROI business 

if that’s case he can deposit money in FD and get 5% ROI 😂

[Android_Halwa]

2 minutes ago, Googlie said:

Cheyka pothe then he will end up in legal issues if the person slowly occupies the building and does not vacate 

or if they damage and leave 

or if they involve in criminal activity and police helds abhagyudu as the building is under his name 

agreement might cost him 1,00,000 to 2,00,000 but this is a peace of mind 

 

and no one does 1% ROI business 

if that’s case he can deposit money in FD and get 5% ROI 😂

Kaka...ie agreements and arrangements does not make any sense in India...of course they have to in place but vaatini nammukunte business cheyalev....       its very time consuming, expensive to enforce such agreements...and recovery is not easy. 

Coming to 1% ROI, edo formality kosam ani 1% ani seppa..anthe kani construct a new house for rentals anedi negative loki ellipotadi considering prevailing interest rates and inflation. 

FD mida vache 6% is secured and assured...take a pen and paper and calculate the costs incurred and ROI, neeke telustadi..

[Abhagyudu]

26 minutes ago, Android_Halwa said:

Ae ooru ?

Vadu adugutunadu ani construct chesi isthe, ROI vastada asalu ?

In Tirupati bro. Already started construction..enko 6 months lo complete avutundi..initial idea was to rent then out separately..madhyalo some one came and  asked for service apts..it is close to alipiri and near to the new flyover 

[Abhagyudu]

29 minutes ago, chintumintu1 said:

Which town bro?

Tirupati 

[Abhagyudu]

11 minutes ago, Android_Halwa said:

Kaka...ie agreements and arrangements does not make any sense in India...of course they have to in place but vaatini nammukunte business cheyalev....       its very time consuming, expensive to enforce such agreements...and recovery is not easy. 

Coming to 1% ROI, edo formality kosam ani 1% ani seppa..anthe kani construct a new house for rentals anedi negative loki ellipotadi considering prevailing interest rates and inflation. 

FD mida vache 6% is secured and assured...take a pen and paper and calculate the costs incurred and ROI, neeke telustadi..

Correcte bro..it was my father's idea for a long time..so I had to go with the flow..

[Abhagyudu]

30 minutes ago, Googlie said:

Have an agreement 

include damages are to be fixed by that person before handing over to you back after agreement 

include that you have right to inspect the apartments when needed 

they have to clear electricity bills and water or sewage bills etc by due date and they will be responsible for fines or interests if they don’t pay etc 

 

any legal cases arising out of the leasing to tenants should be taken care by the service apartment maintenance guy and not you - this helps if that guy rents to someone that does illegal activity like gambling or prostitution etc 

check with Hyd lawyers or Propperty managers and you can use the same template they use in Hyd etc as it might include all major clauses 

Thanks bro..Try chestha if I can get an agreement..inka initial stages lo vundi..they already are maintaining other apts like this in the same colony..

[Android_Halwa]

7 minutes ago, Abhagyudu said:

Correcte bro..it was my father's idea for a long time..so I had to go with the flow..

Sometimes, prati di ROU chuskuntu vunte emi cheyalem...positive cash flow vuntundi le...

Good luck kaka..

[Googlie]

12 minutes ago, Abhagyudu said:

In Tirupati bro. Already started construction..enko 6 months lo complete avutundi..initial idea was to rent then out separately..madhyalo some one came and  asked for service apts..it is close to alipiri and near to the new flyover 

Tirupati antunav

Is it Raveendra Babu ? 

[Abhagyudu]

31 minutes ago, nuvvu_naakina_paalem said:

ROI never in india

only land value appreciate ayithe you are safe.

AP amaravathi region type ayithe whole bokka

Tirupati safe ee bro.. relatively stable real estate