All Forum Posts by: Shane X.

Quote from @Theresa Harris:

I'd post a notice on the door on the 28th or 29th stating you are entering on March 1 to do the final walk through post inspection.  I'd also leave them a note of what to do with the keys.  If you go there and it is clear they have moved out, I'd change the locks.  You can also send them a message stating that you have done so and if there are concerns to let you know.

Thanks!

What I was debating on doing is actually going to him this weekend with a surrender letter. Pretty much stating I won't let this go to litigation/eviction for any missed rent (didn't pay for Feb) or damages. The letter it self is much more intimidating.

However, your idea is also good. I'm just more concerned about tenant/landlord laws.

What I am really trying to figure out is if he does leave on the 29th but never gave the keys over, can I still legally enter and change the locks or does this not count as legally getting possession back of the house because he never gave the keys?

A 90-day notice to vacatewas issued to the tenant, as their lease expired in July. A state official delivered the notice. The tenant, who had unauthorizedly sublet the basement, along with all occupants, was ordered to vacate by February 29th, despite him being the sole leaseholder.

If I arrive on March 1st and find the property vacated (cars gone and it's clear the inside was cleared) am I permitted to change the locks and take possession? I've received mixed advice on this matter.

Some have informed me that I must officially receive the keys and obtain evidence of the tenant's formal surrender of the property. '

Despite attempts to communicate with the tenant since December, including two attempts to arrange key collection on the 29th, I've received no response.

What is the correct procedure if the property is empty by March 1st but I never got the keys back?

I'm aware that if the tenant remains, legal action will be necessary.

@Caroline Briggert @Caleb Heimsoth

Did you guys end up buying anything? I just came back from there.

I’ve been abroad due to medical reasons. The reason why I did it abroad is because it was cheaper and I had no insurance in the states. I have EU insurance and it was practically free.

However, while doing all this the last thing on my mind was my bills in the US. I was under doctors care for about 7 months.

I see about 4 cards went into collections. Only credit cards. No car payments or mortgage as my rentals took care of this. I meant to put my cards on auto payments; however, by not doing so, I got myself into this bubble.

Would getting a letter from a doctor be of any help in getting these removed from my credit report or am I stuck with them now?

If not, what would be my best course of action with a pay for delete?

Kind regards

I'm living in a place in which iGaming, Blockchain, and startups are becoming a huge sector. I so happen to have an apartment I brought here a years ago before the market boom in a very prime location. The place it self already paid it self off and I have no mortgage on in.

I also don't pay property taxes on this unit. My expense are just internet, water, propane.

Anyway, my question is this. Has anyone ever went the route of renting out their apartment/house (enough just to pay the utility bills, so I'm talking about 300 euros a month)  to a tech startup for equity in their business?

I figure I have nothing to really lose even if they don't take off.

Looking for some insight on going about this.

Thanks

I'm currently in a country in which real estate has been booming and it shows no signs of stopping. It's non stop building here. Eventually it will stop as we have very limited space with an area of about 316 km².

Anyway, I want to get in this before it's too late. Along with this boom, comes some foreclosures which has started to also become popular here. A few years ago, you would never hear of this. Now, it's slowly to become a common occurrence.

I'm trying to get an idea of which route I should possibly take.

I was thinking about starting a we buy houses website for here,  OR buy a piece of land (which is quite expensive now) and slowly build apartments on it (many places only zone for 3+1 so 3 apartments plus penthouse)

Just looking for some advice or even your own personal suggestions on how you would go about something like this and getting your feet wet.

Originally posted by @Caroline Briggert:

I’m going in August to get a better understanding of different areas but I’m thinking Sliema, st Julian, ta xbiex or gzira.. do you have any thoughts on those areas?

I like Sliema and St. Julians a lot! Definitely a great place to buy, but probably not the cheapest areas depending on budget. 

Originally posted by @Caleb Heimsoth:

Shane X. Have you ever met or known anyone who’s bought property in Malta as a foreigner? I’ve thought about buying there down the road as part of becoming a resident but I wonder if the added costs and potential headaches are worth it if at best I’d spend 3-6 months there a year

I have met many people while there who have brought property as a NON-EU resident, but never really got into detail on the process. Property prices keep going up there and building is non-stop. Many locals are trying to stop the building of so many apartments as it's getting a bit out of hand, however, the demand is there.

I would personally try to get property there sooner than later. Many of my university friends who live there were paying 500 euros a month about 2 years ago. Now they are either paying double or moved back in with parents as it's too expensive for them. 

I'm hoping to get a piece of land while I'm there for the 5 months and build a 3+1 or 4+1. Luckily I have family there who are in the construction business along with lawyer and realtor. If you ever decide to purchase, let me know. I was actually debating on getting my RE license while I'm there and specialize in with non-eu citizens/foreigners.

Also, maybe this will help you

https://www.remax-malta.com/buying/

Originally posted by @Caroline Briggert:

Hello,

Did you end up investing in a property?

I’ll be house hunting in Malta for a week in August for a buy-to-let. Would love to connect to share experiences.

Caroline

Hi there,

I got an apartment with my cousin about 2 years ago. We brought in Swieqi. Where are you looking at to buy?

Originally posted by @Thomas Downes:

Hi Shane, Pauline,

How are things? Have either of you had any progress with Malta?

Would you like to connect to message?

Regards,

Thomas

Hi, I and my cousin ended up getting an apartment in Swieqi. We got it about 2 years ago, now the prices are much higher. Let me know if you have any questions. I will be going back again for 5 months in hopes to get another property or land. The process for me might be easier as I am of Maltese citizen.