Versatility: The Gateway To Success
Creating your own opportunities to succeed
An epitome of dynamic entrepreneur success, Zyro Wong is a Celebrity Speaker and Social Influencer who has always been a sought-after name for events and endorsement.
He utilises creativity, leadership and teamwork to implement and execute solutions that enhance customer value. As the Founder of ZW Consultancy Sdn Bhd and CEO of Sri Indah International Language Centre (SILC), Zyro holds extensive amount of knowledge and experience in managing projects concerning business consulting, marketing, events management, human resources and many others.
Paired with excellent analytical, organisational, logical and creative skills, he has the ability to identify problems, develop and implement practical solutions to meet business needs with a critical eye to detail. Focused with a natural ability to think outside the box, he identifies opportunities, develops focus, and provides tactical business solutions to close deals.
To add another feather to his cap, Zyro himself is also known to be a dynamic speaker, trainer and presenter, skilled in employing clarity and innovation to deliver effective presentations to diverse audience at all organisational levels.
His excellent communication and proven ability to manage and complete various projects to the highest standard has made him competitive, by nature with a big picture focus, striving for perfection. Thus far, this amazing individual loves what he does and that makes him more apt to be successful.
Following a recent interview, Zyro recounts to Property Insight on how his analytical and logical skills got him involved in property investments and how he identifies opportunities and tactical business solutions to sustain his property investments.
A reliable and hardworking professional with a practical hands-on approach, Zyro always perseveres to achieve the unsurpassed results. He bought his first – a high rise penthouse of 3,000 sq. ft. in Setapak, Kuala Lumpur back in 2009 for RM500,000, and sold it for RM700, 000 in 2012. Originally that property was a Rent to Rent, where Zyro rented it from a landlord, where the landlord received a fixed guaranteed rent.
Look for tenants’ preference
Of course before buying any property, you will need to do a lot of background research to know more about the town or city your target property is located at. This is mainly because investors tend to make poor investment choices by mistaking the area their investment property is in to be just like another community they are familiar with. Hence it is important to learn the essentials, for example getting a sense of the traffic by studying the access routes to the highways nearby. You can also assess how good are the public transportation or shopping options available, or if there is any mature townships with good schools around, because these factors are important to your potential renter or buyer.
One should also ask if the area are appealing, and do the nearby properties look well maintained? If you do not like what you are seeing, there is a high possibility that your renter or future buyer of the property won’t either.
Zyro also shared that he likes to emphasise on infrastructure when it came to sourcing for new properties. For example if you are buying a property near a school, college or university, you will be targeting to rent to students, so you will also have to look into what are the upcoming future developments within the neighbourhood, to ensure that your property will always remain as the preferred choice of potential tenants. Also, with more amenities and convenience dotting the township, one can be assured that the rental will rising steadily in tandem with the overall development.
Of course, when you feel that a particular property is the one for you, you should also look at other similar properties nearby before making an offer. Ask your realtor to show you several options within your price range, including the ones that you don’t like, so you can assess the strengths and weaknesses of different neighborhoods, and have a better sense of your target property’s value.
Understand the future development
“I seize the opportunity when it is the right one to invest in,” says Zyro. For 8 Dorm at Jalan Ipoh, Kuala Lumpur, I converted a bungalow into a hostel by renting ensuite rooms (rooms equipped with bathrooms) to house students from Chong Hwa Independent High School. Currently the business of renting rooms in 8 Dorm is already in its fourth year. Other services provided in 8 Dorm are home-cooked meals, homework monitoring, laundry service and English Language Programme,” Zyro shares.
Looking back on his investment in 8 Dorm, Zyro says he does not have any regrets in making that big decision, and shares that as the Principal of 8 Dorm, he is looking forward to expanding the almost full boarders by opening up a similarly themed dormitory within the area or in Klang Valley.v
He also elaborated on the importance of getting some insiders information. This applies to anyone looking to buy a property, as they need to know what would be coming up.
For example, when you first buy a new property, you might not realised that down the road, they are going to build a flyover right in front of your property for traffic dispersal. So getting some undisclosed information on what to expect in the next few months or years after a development has been launched is important, as you do not want something to block the visibility of your property, or to disturb your peace of mind while living there.
Buying a property does not necessarily mean it would be for owner’s occupancy, because we can always rent it out or even sell it off when the time is right. Talking about his future plans, Zyro reveals that he will focus on buying more properties in Ampang, Sungai Besi, Subang Jaya or Puchong as these locations are considered the hot spots for high capital appreciation and good rental yield, due to its existing infrastructure and easy connectivity via rapid transit and accessible highways.
Lastly, Zyro believes that smart investors always look for ways to be creative when it comes to property investments. While it is good to buy or invest in properties during the market down turn, new investors should also look into investing in properties that will generate more income within the first 3 to 5 years as their main objective, because with a healthy cash flow, you can gradually expand your investment portfolio.
“For me, the best strategy is buy to rent, as the biggest benefit of owning a rental property is that the tenants will provide you with a direct income stream. Those monthly rentals will go straight into your bank account, ideally more than offsetting any expenses for the month, and providing you a higher income for future investments,” concludes Zyro.
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