Mortgage Default in Property Investment

Mortgage is common in property investment business and it is related to financial circumstances. You see, not all investor can afford an investment property. Thus, they turn to lenders such as banks to borrow money so they can purchase property they want to invest.

It sounds simple but lots of investors are a little scared of mortgage due to its interest rates. However, mortgage can be really helpful if you choose the right one. Thus, it is highly advised to not being rush in choosing the right lenders that offer the best loan contract and credit policies.

About mortgage default in property investment business

Lots of people only focus on the rates when it comes to mortgage. However, there is more than that you should focus on. Before signing loan contract, you need to make sure that you understand every term and condition so you know what you are committed to.

Of course, the possibility of rising interest rates in the future is terrifying for investors and that is one the most common reasons why they are so stressed about it.

Things to know about mortgage default in property investment business

It is also important for you to understand about mortgage default just in case something bad happens to your property investment business. You see, sometimes bad things are inevitable. Before it even happens, you need to have exit strategy so you won’t suffer from severe loss. There are various reasons of mortgage default.

The most common reasons is a death in the family. This is unpredictable and inevitable at the same time. Another impact of this situation is financial burden that is carried by the remaining families such as funeral service, burial, cremation, etc. If the person who passed away has partner, the remaining one should move to a single home which cost as well.

Next common reasons of mortgage default is separation or divorce. When a property is owned by couple or spouse, it can cause mortgage default. Finding the right solution for this matter can be tricky. This reason also takes the longest to deal with especially when the separation is on bad term.

The financial burden is hard to decide because both parties usually have their own arguments. Another common reason is unemployment and sickness. When you stop working, it means you don’t have income. It means you won’t be able to fulfil loan repayment.

These situation are also unexpected so that’s why you need to do your best choosing the right loan contract from the start.

There is bad situation in property investment business regarding to mortgage. It is when investor spend their 30% or more of their pre-tax income on property loan repayments. This situation is not good for investors. However, lots of investors apparently have experienced this type of stress. Of course, it doesn’t mean all investors will experience it.

However, investors that borrowed too much to start off are likely to experience this. They tend to be in more unfortunate situation when there is even small rate rise. Mortgage stress is different from cash flow downturn. The situations and the impacts of both are different in various sense.

Recommended Best Locations for Surf Camp in Morocco

Morocco is the country located in the north of Africa. Even though the country can also be considered as the deserted country, it is actually has some beautiful beaches that can be a dream for many surfers in the world. With the stunning beaches and shorelines, Morocco has also becoming a home for many of the surf camps in Africa.

A surf camp in Morocco and any other countries in the world is basically a place for travellers to learn how to surf. Many travellers are calling it as the surf school as well as the surfing course.

And as the surf camp is provided for travellers, it then becoming one of the interesting travel package you can try for yourself alone or when you are in a group of travel. It works for both sides and a surf camp in Morocco will even getting better for you to have fun if you are bringing your friends or family along.

Recommended best surf camp locations in Morocco

Best locations for surf camp in Morocco

Since the surf camp travel idea in Morocco is increasingly on a high demand, you may will need to know which are the best locations to start your surfing journey as beginner. And yes, it is truly recommended for the new born surfers out there even though the locations may also good for the advanced surfers.

1. Crocodile Surf Camp at Tamraght, Morocco

The interesting thing about this Morocco’s surf camp is that it is a perfect place to learn surfing for beginners as well as for those in a intermediate level.

Don’t be tricked by the name though! There’s no crocodiles around. The Tamraght area itself can be the most recommended place you wanted to be when its come to surfing.

The crocodile surf camp itself is also providing you the vary accommodation options. You can start by booking the single room, double and up to 3 bedrooms with the security will be stand by for 24hrs.

For this surf camp itself, there are two main classes prepared for the beginners and the intermediate lessons. Feel free to choose in what level are you in surfing.

2. The Magic Bay Surf Camp at Imsouane, Agadir

If you want to experience the surf lessons as well as exploring the fishing village in your spare time when you are in Morocco, then The Magic Bay Surf Camp of Imsouane at Agadir is where you are heading to.

This is one of the best surf camp Morocco where the cozy house as your accommodation located in just one minute form the closest beach and 5 minutes to the bay as the main spot for surfing in the area.

The village is also located at the Atlantic coast so when you will be there, you may have more experiences to enjoy and stories to tell.

Besides at the Imsouane beach to start your surf lesson, there is also another one surf spot closes to it called as the Cathedral that has been a good spot for all level of surfing abilities.

3. Dakhla Lagoon Surf Camp at Dakhla, Oued Eddahab

There is an unique thing about this surf camp in Dakhla that can be impossible for the other surf spots in the world. It is about the location itself why I am recommending you to experience this surf camp in Morocco and why this can also be the first spot for your surfing lesson.

The unique aspect I am talking about the Dakhla Lagoon Surf Camp is it is located between the desert, lagoon and the ocean. How many chances for the other surf spots will have such uniqueness?

Should You Rent Your Property to a Pet Owner?

Renting out our property is one of the best investing strategies to take since you will get monthly payment steadily. However, it is not always as easy as it looks. One of the biggest challenges in renting out your property is choosing the right tenants. It is not always about how on time a tenant can pay every month but also how they take care of your property and follow your rules as a landlord. Allowing a pet to be in a rental property is quite rare. Most landlords prohibit tenants to bring any pet into the property due to various reasons. However, the trend of owning a pet is undeniable. Lots more people like having a pet.

Benefits of renting property to pet owners

Since the number of people owning pets keeps increasing, lots more landlords are more flexible about pet restriction in rental property. However, it is not a must. As a landlord, you can just keep your rules of no pet allowed in the property you own. However, there are also benefits by allowing your tenants to live with their pets such as:

  • According to recent studies, pet-friendly properties rent faster. This makes sense since lots more people like having pets. It means the number of tenants who expect for pet-friendly housing is increasing as well. It means that you have better chance to rent out your property faster if you allow your tenants to bring in their pets.
  • Tenants owning pets are more willing to pay more rent as long as their pets are safe in the property. This means you have more chance to gain higher income than regular if you rent your property to pets owning tenants.
  • Tenants with pets tend to hold longer lease. It is known that it is still rare to find pet-friendly property. Therefore, tenants will be happier to hold longer lease in the place where they can live happily with their pets with no worry instead of searching for new place. Thus, you don’t have to experience vacancy for long if you have tenants with pets.
  • Renting out your property to pets owners means you can save your marketing budget. You can cut your advertising project since your pet owning tenants are more than willing to hold the lease longer.
  • Pet owning tenants can make better tenants than non-owning pets ones. Pet owners know exactly that it is hard to find pet-friendly housing. Thus, they choose to follow the rules so they don’t have to find another place to rent. Besides, pet owners tend to like everything organized and caring.
  • Pet owners consider their pet as part of family. Thus, they will make sure its hygiene, health, cleanliness, and entertainment. They tend to be more socially responsible due to their care for their pet. This way, you can avoid having problems with hidden pets that often happen when you own non-pet rental property to rent. This can cause you headache because you have to deal with it.

Finding Rare Happiness with Komodo Yacht Charter

Everybody knows that every journeys to Komodo has one common destination; walking with the notorious Komodo, the only dragons left on earth. However, Komodo is more than the dragons. As a National Park in the middle of an archipelago, Komodo comprised by more than 20 small island and around 15 major dive sites, each destination is unique with their own charm. Aside from the dragons, Komodo is rich with soft sand beaches, tropical idyll, a landscape full of undulating hills, and blooming marine life. Here comes Komodo yacht charter, a luxurious choice to explore Komodo and find happiness in rare corners. Travelling with a yacht charter gives you wider access to visit less traveled paths in Komodo and do things that would otherwise be impossible with “open” boat. 

Dock to Secluded Corners of Komodo

Sure, everybody knows the famous Padar Island and Gili Lawa with their spectacular panoramic viewpoint—that draws many travelers to Komodo at the first place. And these mainstream destination—even thought still wild and remote—are definitely offered in most trip. But then, what? Following the crowds to other mainstream places? 

When you travel with Komodo yacht charter, you have a definite freedom to choose any islands to visit on your trip. Even when you pick a completely unpopular islands—like the Big Siaba, Seraya, or Sebayur Island. In a previously remote place that increasingly getting popular, there’s certain satisfaction when you “find” where only few has made it there. And the best is, there would be no other passengers to oppose your idea. 

Finding Rare Happiness with Komodo Yacht Charter

Launch A Private Lunch/ Spa in Remote Places

Having private beach lunch is one of the dream of many tropical trip. With a lot of uninhabited islands on Komodo, such dream is actually tangible. Most of the time, however, this idyllic lunch agenda cannot be realised due to diversity of passengers’ preferences. On Komodo yacht charter, a private lunch—or even private spa—in one of Komodo’s hidden islands is a perfectly manageable plan. There’s nothing that screams an idyllic holiday than enjoying al-fresco meals in a remote shore and sitting leisurely in a fine set ups. Nothing can compare an adventurous leisure away from hustle and bustle of civilisation, without losing the comfort, luxury, and warmth of a resort. 

Komodo Yacht Charter Gives Best View and Home Away on Secluded Frontier

In the midst of Komodo’s marvellous nature, Komodo yacht charter gives the epitome of tropical stay for its every guests. It’s way past oceanfront hotel because—hey, you can have the ocean view right on your doorstep? Why would you pay an oceanfront hotel while you can wake up with different horizon everyday, and still be surrounded by 5 star resort facilites?