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Investment in renting houses,

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   Aziz Khan
Friday, October 14, 2011 03:46 PM 
Reply: >
Dear brothers,
I would request all the brother to give me some knowledge on renting houses for future. As I am an old man of 65 years and coming to Pakistan and looking for such investment that it should sufficient for my family of 4. myself and wife are sick and our medeical expenses are too high, it may be not less than 30000 pak rupees, as we are having too many diseses.
Fahad replied on Friday, October 14, 2011 11:29 PM 

Its a good idea.
But rental income depends upon area and tenants.
You need to invest in a good area where you can find tenants, who have good jobs and attitute. They can pay rent on time and this way your family and investment both will be safe.
Hairaan replied on Saturday, October 15, 2011 03:04 AM 

In Islamabad, the property prices are very high as compared to the rental values. You won't get enough return for your investiment (mostly empolyed people are living in Islamabad).
However, in Lahore being a hub for businessmen, the rental values are quite high when compared to property prices. You can get as high as 0.5% per month of total value of house. i'd recommend you to investment either in Lahore or in Gujrat.
Jameel replied on Saturday, October 15, 2011 04:57 AM 

It is not easy task. have both good and bad points,
You can buy a house which can be separated in multiple portions and can rent to get good rent, but problems are
1 recovery of rent is not easy out of 3 one person defaults
2 Bill is big head ache these days , Collective bill is too much even if you set up sub meters the all bills will goto higher bracket. Lesco will not give multiple connections to same house. Multiple connections are not possible for gas.
3. most of people dont pay bill in time to save disconnection you have to pay .
another problem is people dont increase rent as per inflation , if you get a good tenant , you say OK I dont increase rent for few years then the difference with market become so much that even good tenant become bad as he knows if he is paying 15000 similar house is 25000 and for moving he will have to spend another one lac, so why not be bit harsh with this old sick man.
Better fix money in NSSC or some Islamic bank, or se up a small business where you have to do only supervision
boss-sk replied on Saturday, October 15, 2011 05:33 AM 

if u intreted in having rent ,,then always giive ur house to a govt employee ...specially who takes house on hiring ..u will get rent inform of advances ...dont give ur house to any other person etc etc
MQ replied on Saturday, October 15, 2011 08:23 AM 

buy 02 carry daba with investment of 10- 12 lac and keep 02 good drivers it will give u easily around 50000 and u only will supervise it- there is no big risk in that
AG replied on Saturday, October 15, 2011 01:03 PM 

1. Some people advise to rent out the house through Bank for a period of 11 months contract. Can some brother advise about this.

2. Are DHA/Bahria or management of other good societies involved in renting out the house. If so what are the benifits of renting out the house through the management of a society.

3. Do LRE help in renting out the houses. If so, do they come into picture in case of a disputr between the landlord & Tenant?

Regards.
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