Becoming A Landlord And How To Choose The Right TenantAuthor : tenant and these could be placing to-let advertisements in the local shop windows or local press, taking the help of managing agents to seek a tenant in fact these agents can also manage the tenancy for you, registering your property with local japan property agency, etc; however you can be charged for these services.There is one thing you have to do before deciding on a tenant and before becoming a landlord. You have to decide the type of tenancy that you have to devise. japan property agencyThis depends largely on whether you intend to live in the house with your tenant or not. You can create either an Assured Tenancy or an Assured Short hold Tenancy if you choose to be a non resident japan property agencylandlord. A short hold tenancy is the most common type. In fact in the absence of a written agreement, the tenants assume that they have been given a short hold tenancy.If you choose to live in one part of your japan property agencygood idea to contact various agencies in order to decide on the one that offers the best letting practices and gives out advice too. You have to be careful here because there are certain agencies that might be rogues. If they happen to act in an unlawful way then you will bejapan property agency held responsible for their acts. This might lead you to end up with no income. Hence if you are doubtful about any agency then contact your solicitor or the Housing Advice Service.The Housing Advice japan property agencyService helps people who are on the lookout for information on rental property. Your property will be advertised by the japan property agencyHousing Advice Service only if it adheres to a reasonable standard. They will then accordingly send customers to take a look at your property.Before you finalize on a prospective tenant it is absolutely essential to check their credentials. You must ask them for references which they can get from their banks, previous landlords or employers. This will also give you an idea whether they can pay the rent in a timely way or not apart from getting a character sketch. If your prospective tenant happens to be unemployed or has a low income then he or she is entitled to receive housing benefit from the government.You need to keep all these factors in mind when you think of becoming a landlord.Author’s Resource BoxJames Klobasa, once broke anywhere between eight to fifteen percent of your total gross rental income. Therefore you might want to think about alternative and practical solutions especially if you do not live near the property you have given out on rent.The figures have to be worked out carefully once you have found the right property and the project seems profitable. You need to consider costs that have to be covered such as letting agency fees, fees of solicitors, landlord insurance, furnishings or furniture charges, life cover, ground rent with renting out a property. These might include factors such as legal advice and protection, emergency repair assistance, malicious damage by tenants, liability of landlords and rental guarantee.You have to ensure that your tenants understand what possessions they have to insure themselves.Becoming a landlord means that there are several types of taxes that you are liable to paying when you acquire a property to rent out. These taxes include income tax, capital gains tax and inheritance tax. If the total let property. This will enable you to understand and figure out the best ways to lower any potential tax liabilities.If you understand all the above mentioned factors properly then you can work around them in order to make the maximum profits when you think of becoming a landlord.Author’s Resource BoxJames Klobasa, once broke with no job and $20,000 in debt made a choice that changed his life forever. That choice was investing in Real Estate. With the founder of, The Little Building Co. you too, can learn at Real-Real Estate InvestingArticle Source:www.1ArticleWorld.com  http://www.daikyo.com.hk/en/buy/mansion/z?featureArea=true