With a million thanks to our incredible relationship manager in Kuala Lumpur, I’m happy to report our Malaysian bank account is open ahead of our arrival. Defying conventional wisdom by accomplishing this from overseas, we’ve eliminated one major concern and can now concentrate on finding a place to live without worrying about financial issues. Flying directly to Kuala Lumpur on June 30th, we meet with our banker the next day where he’ll present us with checks, an ATM card and a credit card application form. Staying one extra day to catch up on sleep, we’re then off to Penang two days later where we’ll stay at the Copthorne Orchid Hotel for 11 nights while looking for a condo rental. Proving my research paid off, we opened a premier account in the USA a few months ago, giving us the go ahead to open overseas accounts before arriving. Granted you need the right relationship manager and ours was a referral from an old contact on the now defunct MM2H forum. Oh, and the KL to Penang flight on Air Asia was $19.50 USD.
Concentrating on getting a place to live, we wrote another one of our old contacts and she referred us to a local property agent who has a stellar reputation. Contacting her by email, she wrote back less than 10 minutes later and agreed to show us properties and drive us around the area as soon as we arrive next weekend. Reading up on the process, it seems a bit lengthy and costly by our standards with property agents wanting one month’s rent as a fee and landlords demanding upwards of two to three months rent up front as security deposits. Wishing to cover all the bases, we decided to look at third-party owners looking to rent properties directly which could potentially save money. Finding no shortage of availability, we used the forum on InterNations and found a few possibilities. Setting up meetings the following week, we hope to wade through the process relatively quickly without getting ripped off. Of course, our ethnic advantage should help and we even booked a meeting with a European business owner dedicated to helping expats. Continue reading