Reborn as a landlord in Shanghai

Chapter 8 I Want to Be a Landlord

After hearing his son say so much, Mao Jun realized that there were actually landlords like this in the hospital area who specialized in such things. He would never have known this if his son hadn't told him.

Moreover, my son said it seems to be quite profitable. After all, one bed costs 60 yuan, so 10 beds would cost 600 yuan. As for water and electricity, it would cost at most 50 yuan a day. That's in the summer when air conditioning is needed, so the electricity bill would be a bit higher. In the winter, the water and electricity bill might only be 20 yuan a day. After deducting the water and electricity bill, the rest is pure profit.

What's more, there's the kickback. I've heard before that scalpers can make two or three hundred yuan by helping someone get a good phone number. Not to mention the underhanded dealings inside hospitals. If these landlords can really do these things, they can make at least ten or twenty thousand yuan a month. And if they can make more than ten thousand yuan from the rent of one house, what about two houses? Or three houses? Wouldn't they make even more?

However, my son said that the house for retired doctors from the hospital costs 45 yuan, which is no small amount of money. After all, the family only has about 30 yuan, which is not enough. If we want to buy it, we will have to take out a loan from the bank. Moreover, my wife manages the money. I need to discuss this with my wife. After all, it is such a big decision that I cannot make up my mind on my own.

"You know this isn't something I can decide. I'll talk to your mother tonight and see what she says. I don't know if your mother will agree or not, after all, this isn't a small matter." Mao Jun didn't give a definitive answer, but from his tone, he seemed a little tempted.

"Dad, there's really no risk in doing this. After all, Shanghai is a big city, and housing prices rise every year, it's just a matter of how much. Like the house that your great-grandfather used to live in, how much did it cost? I remember it was over 10,000 yuan, right? Now, in less than 20 years, it's increased more than ten times. Even if we don't talk about your great-grandfather's small house, just look at the house we live in now. When we bought it, it cost over 300,000 yuan, and now it's over 400,000 yuan. It's increased by tens of thousands of yuan over the years."

"Think about it," Mao Xiaoyu quickly explained the advantages of buying a house in Shanghai. "Although we can earn a decent amount of interest by keeping our money in the bank, the rent paid by the tenants might not be as high as the interest, but it's not that much different. The problem is that the money in the bank won't appreciate, but the house will appreciate in value. If you factor in the appreciation of the house and the rent paid by the tenants, the combined income is much higher than just keeping the money in the bank to earn interest."

Hearing his son's words, Mao Jun did some calculations and felt that it seemed to be true. At this point, Mao Jun was already thinking about whether he should say something nice to his son in front of his wife and talk about this matter.

"What are you two whispering about? It's getting late. Mao Jun, finish your food early and go wash up and rest. Xiao Yu, you do the same. Tingting just said she doesn't want you to tell her stories today, but you're not allowed to be at the shop early tomorrow morning either. You have to wait for her to wake up and go to the shop with her." Mao Douzi's mother came out of her daughter's room and started speaking directly when she saw the father and son whispering to each other.

"Mom, come here, I have something to tell you." Seeing her mother come out of her sister's room, Mao Xiaoyu quickly called her over, intending to make things clear today and, if possible, settle things. After all, the sooner things are settled, the sooner they can get the house and start their own business.

"Honey, come here for a second. Your son has given us a problem. Since you're here, let's discuss it and see how to handle it." Mao Jun, who was sitting next to him, also called his wife over.

Mao Xiaoyu's mother hadn't paid much attention at first, but now that she saw both father and son calling her over, she knew what was going on. She wondered what the two of them wanted to talk to her about, but despite her doubts, she walked over without thinking. When she got to the two of them, she found a stool and sat down, wanting to hear what it was about.

"You saw your son's skills today. He shaved so many of my hair this afternoon. His skills are top-notch. He can already become a master stylist. I was going to talk to him tonight and ask him to shave my hair for another two or three months. Once he has a group of regular customers, I'll promote him to master stylist. That way, I can shut up the other stylists."

"But I just talked to your son, and he said he doesn't want to be a hairdresser anymore. He wants to become a landlord instead. He told me about the things that happen when he becomes a landlord, and I think it's a good idea. The problem is, if he wants to become a landlord, we need to buy him a house. He's researched the prices, and it's around 45 yuan. But the problem is, where are we going to get that much money?" Seeing his wife sit down, Mao Jun quickly said to her.

Become a landlord?

Hearing her husband's words, Mao Xiaoyu's mother didn't understand at all. Buying a house and becoming a landlord? What the hell? Thinking of this, she couldn't help but look at her son.

Seeing her mother's questioning look, Mao Xiaoyu knew that her father's words were incoherent and he hadn't clearly explained what he meant. So she quickly started explaining to her mother, saying that the landlord she was going to be was different from ordinary landlords, and that her landlord's business was what it was, how good the development prospects were, and how much more beneficial it was to buy a house in Shanghai than to save money in the bank. In short, she was repeating what she had just told her father to her mother.

"Oh, I see. I thought you were going to be a landlord. But Xiaoyu, we don't have enough money. You want to buy a house for 45, but we can't afford it. How about we look around and buy a house for around 30? What do you think?" After hearing her son's explanation, Mao Xiaoyu's mother suddenly realized what was going on. But then she thought about the family's financial situation and spoke to Mao Xiaoyu in a consultative tone.

"Mom, when you bought the house and shop before, you took out a loan from the bank. Why didn't you think of taking out a loan this time? Here's what I'm thinking: I don't know how much money we have, but we should have around 200,000 or 300,000 yuan. If we're short 100,000 or 200,000 yuan from 450,000 yuan, we can take out a loan for the house we live in now, get the money first, and then buy that house from the retired doctor."

"As for why we're doing this, the main reason is that the retired doctor insists on paying for his house in full and doesn't accept loans. That's why his house hasn't sold yet. If we pay in full, we'll definitely be able to get it. As for the debt of over ten thousand yuan, that's nothing at all. At your rate of earning money, we can pay it off in a year. Not to mention, once we buy the house, it will always be ours." Mao Xiaoyu definitely disagreed with her mother's idea of ​​lowering the purchase price and directly offered her advice.

"Yes, honey, a loan of over 100,000 yuan seems like a lot, but if you think about it, we can pay it off in about a year. If we really do what your son said and get that house for retired doctors at the hospital, I think it will be easy to rent it out in the future. After all, doctors' houses are usually very close to the hospital, so this kind of house will definitely have an advantage in renting it out." After his son finished speaking, Mao Jun also said something to help his son.

After all, in Mao Jun's view, it was normal for a man to want to go out and try his luck. As long as it did not harm his own family's interests, it was understandable to give his son as much help as possible. Therefore, Mao Jun supported his son's desire to take over the house for retired doctors.

"But..." Mao Xiaoyu's mother didn't know what to say. After all, both father and son had agreed. Although she had the most say in the family, sometimes it was better for the man to make the decision.

Moreover, this matter doesn't seem to be a big problem. At worst, we'll just have to tighten our belts a bit this year, but we've also acquired an additional house, so it's normal to have to tighten our belts.

"Mom, don't hesitate. This is a once-in-a-lifetime opportunity. There aren't many suitable rental properties available. So, Dad and I will go look at some houses tomorrow. If the houses are really good, we'll pay the deposit. If we have time, we can also mortgage this house. It won't be much, just a few hundred thousand yuan. I believe that with a house worth over 400,000 yuan on the market, a loan of a few hundred thousand yuan should be approved quickly. Even if the bank doesn't approve it right away, it's okay. We can just borrow a few hundred thousand yuan from people around here to get the house for the retired doctor first. As for the loan of a few hundred thousand yuan, we can pay back the money borrowed from people around here once the bank approves it." Seeing her mother's hesitation, Mao Xiaoyu quickly continued to persuade her.

"Alright, alright, you two go look at the house tomorrow. Even if it's a great house, you should still try to negotiate a lower price. If you reach an agreement and the location is good, then pay the deposit and come back to the bank for a loan. Just use the same bank we used last time. Let them know the price of our house, so when we get a loan of around 100,000, they should agree. Plus, the payment will be processed faster." Mao Xiaoyu's mother didn't know what else to say, so she could only agree. However, she had already decided to talk to her husband in bed later, telling him to pay attention to some things when he went to see the house tomorrow.

"Dad, Mom, and also, just put the house in my name. After all, if it's in your names, we'll have to pay property tax when the house is transferred to me later. That's like paying property tax twice, which is too much of a loss. So it's better to put it in my name from the start, and then we won't have to pay taxes anymore. Plus, this house will be my first property." Mao Xiaoyu revealed her main purpose.

Hearing Mao Xiaoyu's words, Mao Xiaoyu's parents exchanged a knowing glance. However, considering that they only had one daughter and one son, and that if nothing unexpected happened, the majority of the inheritance would eventually go to their son, and that their son was now asking to have his name on the house deed, they felt that it wasn't impossible.

"It's fine to put your name on it, but once you get the property certificate, you have to hand it over. It can't be kept in your hands," Mao Xiaoyu's mother said seriously.

"I know, as long as the house is in my hands, it's fine. I don't need the property certificate. So when the property certificate is issued, you can lock it in the safe. Even if you don't let me hand it over, I will still put the property certificate in the safe at home in the end. After all, there is nowhere else to put it, and it is safer than a safe." Hearing her mother say this, Mao Xiaoyu readily agreed.

In Mao Xiaoyu's opinion, there's no difference between keeping the property certificate with you and keeping it on the table. After all, if it's with you, you'll keep it in a safe. Although you've never told her the combination to the safe, she knew it in her past life!

Therefore, even if her mother locked the things in the safe, Mao Xiaoyu could open it and take them. It was precisely because of this that Mao Xiaoyu was able to agree to her mother's request so readily. After all, the property certificate was a crucial turning point, and if she couldn't get it herself, how could she hand it over so readily?

Hearing her son agree so readily, Mao Xiaoyu's mother thought about it and realized that even if she gave the property certificate to her son, where would he put it? At most, he could put it in his bedroom, but putting it in his bedroom was not as safe as putting it in their own safe.

"Alright, let's leave it at that. After all, we still need to see the house before we talk about anything else. You two, father and son, go see the house tomorrow. If it's really worth 45, then go for it. But there are some things I need to say to you, Xiaoyu. If you really want to be a landlord, we respect your opinion and have given you so much support. But since you're going to do it, you have to do it well. Don't be inconsistent. Otherwise, you won't even have any face in front of your parents later." Mao Xiaoyu's mother said seriously.

"Okay, Mom. After I get the house, I'll work hard to earn money, and then I'll take good care of you both," Mao Xiaoyu said happily.

"Alright, alright, stop flattering me. Go home and get some sleep," Mao Xiaoyu's mother said directly, not one to tolerate him.

"Okay, I'll go back to my room first." Seeing that the matter was resolved, Mao Xiaoyu didn't intend to sit any longer, so after saying that, she stood up and went back to her room.

"You too, still drinking? What's so good about it? Clear the table and go wash it." Watching her son leave, Mao Xiaoyu's mother began to lecture her husband.

"I'm finished eating, I'm finished eating. Clear the table, I'm going to take a shower." Mao Jun stood up abruptly, dodging his wife's barrage of words, and headed to the bathroom.