Apartment/ Real Estate Rental Tips, Please?

[eischied_21]

Ingat ka nga pala sa mga ibang estudyanteng 'rich' ha, kasi baka mamaya gamitin unit mo for other purposes, madawit ka pa sa gulo. Normally kapag college student hingi ka ng recommendation from Guidance Counsellor o parents.

hi sis, any bad experience sa mga 'rich' students? mind to share

Most of the tenants in my condo are students and my unit has been tenanted by one female student only.

[rics]

^^ thank you for the input sis.
Pwede huminig ng forms?

Thank you

[Tea97]

^^recently in the news, meron half Jap/Pinoy studying in Taft who is renting a unit in Makati na drug pusher pala. Also some ladies moonlight and use the unit for prostitution. Meron naman iba (but this is circa 2000s and minor actress daw yun tenant) ginagamit yun unit as gambling den. Very critical na stage talaga ang tenant selection/filtering.

If you, as Landlord, are aware of these illegal activities, pwede ka makasuhan. Ang hirap kasi with this is hindi mo alam kung ano sasabihin ni tenant. It's your word against theirs.

^Send ko sa mailbox mo yun infosheet, landlord letter, and lease contract.

[eischied_21]

^ I see..I screen the tenant forwarded to me by the agent thru fb. I only had one tenant so far since I started out in this rental business. The current tenant is purely a student and very active sa organization ng school nila and is part of the student council.

At least now I'm aware may mga ganyan pala na tenant. Scary nga

[afea]

hi sis Tea97! Can I also ask a copy of the forms? Thank you in advance!

[peachlipstick]

Hello mga sis, I was asked by one of my friends na residing abroad if I can manage leasing her condo here in PH.

The condo is for turnover ng December and I just want to know if it's necessary for us to go to the Admin Office para magsabi na paparentahan ang unit?

Any other things po na I should take note of? Thanks in advance

[rics]

^first you need a duly authorized POA

[Tea97]

just wondering - anyone here renting out the traditional apartment (ie yun magkakatabing pinto and shared parking) outside Manila?

How's the market so far? When you advertise or look for tenants - do you also use internet platforms (olx, rentpad, lamudi, etc) or paskil lang ng board sa harap na FOR RENT?  Do you rent out fully furnished or bare lang?

[afea]

Would like some input from you mga sis.  We have a condo in Makati, Salcedo Village area.  Luma na but now we want to rent it out. Maganda yung location near sa Buendia and walking distance din to Ayala Avenue din.  So my question is: Should we renovate first before renting it out?

One bedroom sya ngayon.  My father says wag na renovate and just rent it out agad. My mother says, renovate and make it into a 2-bedroom condo unit.

Nag-inquire na ako sa dalawang architects/contractor, and the renovation costs is 280k. If magtatanggal kami nang ibang cabinets, pwedeng maging 200++.

Please let me know your inputs.  First time for us to rent out a unit.  Thank you in advance!

[amethyst028]

^mas mabilis ma rentahan kung maganda at maayos ang interior. Meaning maaliwalas, looks spacious and clean. If i were you ipa repair mo na lang yung mga sira then ipa repaint. No need for total renovation para makatipid ka.

Competitive kasi ang rental market, madaming nagpapa rent so need mo talaga ayusin. If as is yung unit ok rin pero at a lower price ang rent since yun na lang magiging edge mo compared to newer or better looking units in that area.

Pag maganda yung location mo sa makati and maganda rin tignan yung interiors pwede mo makuha mga expats. You can charge a bit higher and they can still afford it so mababawi mo rin naman. Regarding converting the 1br to 2br, mas madali ipa rent ang 1br sa mga expats kesa 2br dahil usually mag isa lang naman sila.

[sweet angel]

thanks sa mga replies nyo

--2 bedroom ang unit ko, feeling ko mas rentable yung mga 1 bedroom at studio
--me mga tenant naman na gusto bare kasi me gamit na sila pero yun nga lang ang lagi nila hinahanap yung smaller unit dahil siguro sa presyo din kaya medyo binaba ko yung presyo na lang tutal bare naman at walang furnitures na masisira.

[Anoneemouse81]

Hi, I am in the process of buying my first condo which I plan to rent out. It is an Avida condo.  Currently, may nagrerent na sa seller. Plano ko i-keep yung renter. Ngayon, sabi ng real estate broker, and rule daw sa Avida is kelangan ko magbayad ng admin fee sa Avida which is equivalent sa one month rent. Ngayon lang ako nakarinig ng ganito. Ang alam ko, may bayad sa agent na naghanap ng renter which is equivalent to 1 month rent every year. Any experiences similar to this?

[owstalaga]

Hmmm, medyo malabo lang siguro pagkaka-explain sa iyo. Depende kasi ano ba status ng unit na bibilhin mo? May titulo na ba or wala pa? Kaka-turnover pa lang ba sa seller? May transfer fee kasi yan ang alam ko pag wala pang titulo, kasi ililipat ng developer sa pangalan mo yung unit. And yes, ang one month amount is usually binibigay sa agent if napa-rentahan ng agent yung unit, magkaiba yun. Pero baka policy nga naman ng Avida yun, haven't handled any Ayala properties so I'm not familiar sa rule na ganyan.

Buti may broker ka na kausap. Ipa-explain mo lang mabuti, di naman masama magtanong if hindi natin alam.  You can also try talking to building admin baka alam din nila.

[Tea97]

Hello hello - magtatanong lang ako if anyone has any experience renting out commercial/office units? Ano ano ang mga taxes na kelangan prepare for? And ano anong local government permits na kelangan etc? Thanks in advance sa makakatulong.

[amethyst028]

^since business siya need mo ng mayor's permit, dti, bir 2303 kung may tin ka yun na rin gagamitin mo depende sa amount pero vatable na siya pag commercial so kailang may withholding tax ka na 12%.

Medyo mahigpit na ngayon sinisita na talaga kaya make sure nag iisue ka ng official receipt sa tenants mo.

[rasee16]

My tenant just left. This was my second tenant with a 1 year contract for a fully-furnished studio unit in Makati. Nanlulumo ako everytime na natatapos ang contract.

Bago ko paupahan ang unit, i see to it na maayos, maaliwalas at malinis ang unit. But everytime na umaalis ang tenant, iniiwang dugyot at worse, may sira sa unit. Minsan nakaka walang-gana na tuloy paupahan.. This time, umalis ang tenant na hindi na gumagana yung 2hp aircon, binaklas ang bedframe at iniakyat sa attic, nagbarena ng kung ano-anong screws at super dugyot bago mag move out.

Hindi ko pa tuloy mapaupahan ulit kasi kailangan ko na muna ipaayos lahat haay. 😰

[i_miss_sleep]

^Sis, Did you ask for security deposit? Hopefully enough yun para sa repairs.

Mga sis, meron ba kayong inavail na rental insurance? [textspeak!]-ano ba coverage nun?

Ako naman ang rant ko is yung admin ng condo na pinasasagot sa akin yung water stain sa ceiling ng owner ng condo unit directly below me. Caused by my aircon daw, na sila naman nag-maintain! In other words, di maayos yung pagkakalinis nila ng aircon ko. So aside sa cleaning, ako pa rin magbayad ng clean-up ng ceiling ng neighbor ko.

Also kesyo meron din daw leak coming from my bathroom? Paano ba nila ginawa yung condo? Parang Lego - naka-stack lang talaga?! Walang proper drainage kaya pag may problem sa shower or toilet automatic magle-leak sa ceiling?!

Yung old housebahay nga namin very old na pero di naman nag-leak from top floor to ground floor. Heto, 8 years pa lang yung condo.

What can we do to protect ourselves from repairs that we shouldn't be shouldering?

[Bridgette*]

^^ Sis di dapat pwede yon. Ilagay mo sa contract na wala dapat modifications sa unit mo like magkabit kabit at barena. Before their last month, do inspection. Otherwise, they won't get the deposit. Pag tigasin, ihabla mo nasa kontrata eh. You may want to look at my comprehensive contract if you want.

[eischied_21]

^^^ @rasee16 - you should state sa contract na bawal mag-barena and pede ka naman magdeduct sa security deposit pag may mga sira yun appliances pag umalis si tenant.

In my contract, I even stated na kelangan may maintenance ang aircon every 6 months or at least once a year to be paid by the tenant. If not, babawasan ko sa security deposit nila yun maintenance ng aircon at papalinis ko pagalis ni tenant. Naglagay din ako ng general cleaning fee upon move out. Bawal mag-screw at maglagay ng stickers sa wall. I also made sure sa agent ko na female and isang tenant lang ang titira sa unit for peace of mind na hindi super masira ang unit. I did unit checking once and so happy how my unit has been taken care of by a female student tenant. Parang bago pa din ang unit at parang hindi tinirhan or nakaswerte lang ako ng tenant hehe. You can also do the same.

[Tea97]

Hi Rasee - anong profile nung tenant mo? single or married, in his/her 20's? professional or nasa BPO? local or expat? anong nationality kung expat?
Lagay mo rin next time yun mga penalty per sira/breach ng contract (eg. smoke stains/smell P25k; holes in the wall P2000, etc) - hopefully macover ng the sec dep.

All the best in clean-up, hassle pero part of the whole business.  Filter clients really well. And do checks every 3 mos sa simula.

Hi i_miss_sleep - si Axa lang ang alam ko merong rental insurance pero fire lang, walang water damage. Nakaover 1 year na ba yun condo - dapat kasi may home security bond ang mga condo bldgs - para masecure na siguradong maayos yun mga structural katulad ng pipings, wirings etc kasi di naman madaling bakbakin ang mga pipings di ba. Let us know how you get on. Medyo di ko rin alam how that works - and conscientious kami sa mga tubig sa banyo (in my own home) and I prob shd get tenants to do the same (bawal mag basa outside shower area, and bawal mag tapon ng tissue sa toilet to prevent blockages).