5 ms·

Other say how landlord ON USA are not that passive, but maybe do it in other countries? Here in Colombia being landlord is very good, because most use an agency

by mamcx 5y ago

Other say how landlord ON USA are not that passive, but maybe do it in other countries? Here in Colombia being landlord is very good, because most use an agency that manage the property (collect the money and do some basic fixes). I probably have called the actual owner 1 or 2 times in a decade for approval for some fixes.

codethief 5y ago
I assume you're talking about being landlord of an apartment in a larger apartment complex where a property manager takes care of many apartments at the same time? I'm asking because my impression is that this scales better and should therefore be significantly cheaper than paying someone to manage a single apartment or house somewhere. (Besides, with a house or I'd imagine a lot more fixes being necessary over time.) Also, how many tenants has this apartment (have these apartments) that you're managing(?) had in those ten years? PS: Since I've actually been dabbling with the idea of buying property in Colombia, may I ask in which city you are? :)
- mamcx 5y ago
  Here exist companies and individuals that do it. In fact is unusual your rent is directly to the owner, is the norm you pay the "Arrendadora" instead. The case of apartment is a bit different. All complex have "administration" that everyone pay, but this is mostly in "closed complex". If the building is in the open, is more common is a person that take the role. BTW: I'm close to Medellin in a town called El carmen del Viboral. Right now exist a lot of demand for out-of-city property...
  - codethief 5y ago
    Gracias, parce, por su respuesta! :) (Incidalmente, el lugar donde quería buscarme un apartamento es Medellín.) > All complex have "administration" that everyone pay, but this is mostly in "closed complex". Would this administration also take care of fixing things and taking on the role of "arrendador" if I, as the owner, rent out the apartment to someone else? (Provided I pay them, of course.) Or would I have to hire someone else for that?
    - mamcx 5y ago
      In the closed ones I lived before they pay for most stuff. I don't remember exactly where is the line (but is part of the agreements and part of the law what they can do. For example, some set a end-time for loud parties)
stevekemp 5y ago
In Finland you don't buy apartments/flats, instead you buy a share of the company that owns the block. The housing-company takes a fee every month which is used for common-repairs, replacing the roof, etc. If you rent out your flat the tenant pays for their own insurance to protect their possessions, and the housing-company takes care of things like leaks, broken windows, etc. So being a landlord is mostly hands-off. You have to advertise and pick your tenant. Then once they move in if they have problems with their stuff they take care of it, and if they have a problem with the water, etc, they call the housing company. So being a landlord of this kind of property is almost entirely painless and hands-off. Of course if there is a big repair, like a new roof, or pipe-works, then the fee paid to the housing company (which the landlord will pay) will go up sharply for a good few years.
- cosmodisk 5y ago
  I loved our rental apartment when I lived in Finland! For those who had never been there, here's what we had: Studio flat with a kitchen and decent size bathroom. Nothing special so far. There were 2 storey basement: 1 floor for bikes, some bulky stuff, while the second,much colder,for food storage. There was also a laundry room: semi-industrial washing machine, thumble drier, some ironing device and a spacious clothes drying room with a dehumidifier. Even though all the apartments had washing machines, to have a dedicated space for this was super useful. The there was a sauna too for an additional €15/month. The playgrounds for kids outside were really nice and I even saw how they replaced perfectly fine slides and other equipment with brand new stuff. All of this in an area with apartment blocks built in 70-80s on cheap. In London you'd need to pay a fortune to have something similar. Finland always felt like designed for people,not the other way around.
  - stevekemp 5y ago
    I did come to love the storage for prams, especially in winter-time. That meant we didn't need to take ours inside our flat, when it was dripping snow and ice. The communal gardens that are shared between buildings are really nice for children. As you say there is often equipment as well as toys, a sandbox, and similar. We've got something like 11 children aged 1-11 in our buildings, and they're often playing together on weekends and in the early evenings.
PCMDAVE 5y ago
I also live in Colombia. Being a landlord is definitely something that I might consider doing in the future. My current landlord does shit and we still have to pay 950.000 COP. Me and my wife cannot even move to a better place because there's not enough extra money to do the switch. Renting sucks, specially in third world countries.

by mamcx 5y ago

codethief 5y ago

I assume you're talking about being landlord of an apartment in a larger apartment complex where a property manager takes care of many apartments at the same time? I'm asking because my impression is that this scales better and should therefore be significantly cheaper than paying someone to manage a single apartment or house somewhere. (Besides, with a house or I'd imagine a lot more fixes being necessary over time.) Also, how many tenants has this apartment (have these apartments) that you're managing(?) had in those ten years? PS: Since I've actually been dabbling with the idea of buying property in Colombia, may I ask in which city you are? :)

mamcx 5y ago
Here exist companies and individuals that do it. In fact is unusual your rent is directly to the owner, is the norm you pay the "Arrendadora" instead. The case of apartment is a bit different. All complex have "administration" that everyone pay, but this is mostly in "closed complex". If the building is in the open, is more common is a person that take the role. BTW: I'm close to Medellin in a town called El carmen del Viboral. Right now exist a lot of demand for out-of-city property...
- codethief 5y ago
  Gracias, parce, por su respuesta! :) (Incidalmente, el lugar donde quería buscarme un apartamento es Medellín.) > All complex have "administration" that everyone pay, but this is mostly in "closed complex". Would this administration also take care of fixing things and taking on the role of "arrendador" if I, as the owner, rent out the apartment to someone else? (Provided I pay them, of course.) Or would I have to hire someone else for that?
  - mamcx 5y ago
    In the closed ones I lived before they pay for most stuff. I don't remember exactly where is the line (but is part of the agreements and part of the law what they can do. For example, some set a end-time for loud parties)

stevekemp 5y ago

In Finland you don't buy apartments/flats, instead you buy a share of the company that owns the block. The housing-company takes a fee every month which is used for common-repairs, replacing the roof, etc. If you rent out your flat the tenant pays for their own insurance to protect their possessions, and the housing-company takes care of things like leaks, broken windows, etc. So being a landlord is mostly hands-off. You have to advertise and pick your tenant. Then once they move in if they have problems with their stuff they take care of it, and if they have a problem with the water, etc, they call the housing company. So being a landlord of this kind of property is almost entirely painless and hands-off. Of course if there is a big repair, like a new roof, or pipe-works, then the fee paid to the housing company (which the landlord will pay) will go up sharply for a good few years.

cosmodisk 5y ago
I loved our rental apartment when I lived in Finland! For those who had never been there, here's what we had: Studio flat with a kitchen and decent size bathroom. Nothing special so far. There were 2 storey basement: 1 floor for bikes, some bulky stuff, while the second,much colder,for food storage. There was also a laundry room: semi-industrial washing machine, thumble drier, some ironing device and a spacious clothes drying room with a dehumidifier. Even though all the apartments had washing machines, to have a dedicated space for this was super useful. The there was a sauna too for an additional €15/month. The playgrounds for kids outside were really nice and I even saw how they replaced perfectly fine slides and other equipment with brand new stuff. All of this in an area with apartment blocks built in 70-80s on cheap. In London you'd need to pay a fortune to have something similar. Finland always felt like designed for people,not the other way around.
- stevekemp 5y ago
  I did come to love the storage for prams, especially in winter-time. That meant we didn't need to take ours inside our flat, when it was dripping snow and ice. The communal gardens that are shared between buildings are really nice for children. As you say there is often equipment as well as toys, a sandbox, and similar. We've got something like 11 children aged 1-11 in our buildings, and they're often playing together on weekends and in the early evenings.

PCMDAVE 5y ago

I also live in Colombia. Being a landlord is definitely something that I might consider doing in the future. My current landlord does shit and we still have to pay 950.000 COP. Me and my wife cannot even move to a better place because there's not enough extra money to do the switch. Renting sucks, specially in third world countries.