Sakin naman, nothing talaga is easy in Pinas
My "renting out" of properties kasi is just accidental. The original plan eh titirhan lang namin. Tapos as we move on to our next place, since ayoko ibenta at hindi naman sila nag appreciate masyado in value, isip namin ipa-rent out nalang.
But here are my thoughts in renting out (napost ko narin ata ito before but cannot remember where) -
1) Ang hirap maghanap ng ok na tenant, unless yung asset mo ay nasa luxury condos/village. High maintenance din, pero once you have an expat as a tenant, wala ka masyadong problem since dire diresto stream naman ng cash. Prob lang is finding the right tenant.
- I am in a dilemma here kasi kung mataas ang rental (>P20k), most likely, potential tenants would just look for their own place and pay for the amortization that is worth around this rental range. Kung maliit naman ang rental (<P15k), most likely, eh baka hindi nila afford makabayad buwanan regularly at maging sakit sila ng ulo later on, esp kung hindi makabayad at babuyin ang place mo.
- check mo din ang number of people living in the house. kasi the more they are, mas maluluma ang place mo.
2) Sa dami ng units na available for sale, renting - para sakin, I still suggest be cautious on your purchases. The assets i currently have are in good locations pero hindi parin sila nag appreciate ng malaki. baka nga nagdepreciate panga. They are located in near main roads in New Manila/Sta Mesa and Mandaluyong (as in 3-10min walk nasa jeepney line or train ka na). Hindi bumabaha na area. Near main establishments. 15min to Ortigas. 20min-30min to Makati. I was thinking what more kaya sa mas liblib na areas - nag appreciate kaya sila?
3) as your original intent is to have a business on this, do your financial projection - how much purchase price mo (include turnover fees), loan mo, tax, association dues (if applicable), annual maintenance (you have to make the place presentable esp kung madalas ka magpalit ng tenant). and see if the ROI is satisfactory to you.
4) one realization I also had through the years is the poor governance ng Pinas pagdating sa real estate. Aside from RESPECTING squatters, the government does not have the iron hand to implement proper laws. Nakakainis especially if you have a property na stand-alone. Di ko maintindihan why neighbors would like to encroach on someone else's property. not all naman, pero some. kaya nga madalas ang away sa barangay dahil dyan. heard of incidents na ganyan eh - ginagawang sala ang garahe nila para gawing garahe ang driveway mo (funny pero this is very typical).
Of course not to mention kung standalone ang property mo, iwan mong nakatengga, malamang nanakawan na ng grills or something, or worse, may nakatira nang hindi mo kilala.
5) they say location is key. Yes, it's not everything. Check mo surroundings - may squatter ba, may establishments, well lit?, ayos ba ang roads, accessible ba, bumabaha ba, malambot ba ang lupa, ok ba ang mga kapitbahay or yung roads wide enough ba kung para pumasok ang f*** in case magkasunog.
6) be very very very careful in buying condos. livable ba sya or sobrang liit? kasi tendency these days, walang labahan area. or paparent mo nalang sa mga estudyante na dormers?
minsan when a condo unit is being sold, hindi nila sinasabi ano ang inclusions. pag handover, hindi pa pala livable kasi you have to spend at least P1M pa sa flooring, ceiling, etc.
check also the number of lifts ratio with the number of units. I have heard of condo buildings that it takes 30min just to go up and down the building. check the maintenance, association, kasi dami din condo these days ang dilim dilim tapos walang upkeep yung place kasi ayaw magbayad ng association dues ng mga tenants.
as much as sinasabi nila mas mura ang pre-selling, I still personally prefer "seeing" the unit before purchasing it.
Dito muna, post ulit ako kung may maisip pako.
