Different type of properties will bring different type of income. Some is good in capital appreciation while some is good in rental rate.
Same like TNB bill and Indah Water Bill, when the handover process from previous owner to new owver is completed, the new property owner can go ahead to change the Water Bill or PBA ( Perbadanan Bekalan Air ) Bill ownership to his or her name.
Tenants that rent your house do not pay the rental and refuse to move out from the property? Bought an auction property and found that someone occupy the property illegally ? All this kind of scenario are commonly happened in Malaysia.
A lot of property investors will rely on rental income of their properties to pay for the monthly mortgage payment and may be gain some positive cash flow. However, those rental income are taxable based on Malaysia Taxation Law.
Page 21 of 22