Apartment/house rental business

[van_wilder]

uy! ako na magconstruct nun apartment mo! hehehehe

[creepy]

Mababa talaga ROI ng rental business. Rental yields in the Philippines are generally low, especially for residential units.

[oldblue]

I'm renting out a couple of townhouses, and from my experience
its very important to "screen" your prospective tenants.

Mas maganda kung makakuha ka ng DINK (double income no kids).
Yung young married couples (preferrably professionals) with jobs
at reputable companies.

Iwasan mo yung mga pa business-business lang. Hindi steady
ang income nito.

hehehe, DINK! learned something today

[7391N]

Lots of good advices coming from you guys, just as I was expecting. Thanks very much it's all appreciated highly.

Any idea on how much a 4-unit apartment would cost to build? Total floor area for each would be approx. 80 sqm. (5m x 8m per floor- 2 storeys).

[butchokuy]

yung sa akin na tini-tirhan ko. 5th story "condo type building" inabot daw ng 7M.

[OTEP]

If you want a bit of peace of mind, magtayo ka near a hospital or medical school. You will have a steady stream of medical students, medical clerks, interns, residents, and fellows as tenants.

And most of them are in a position to be able to pay you on time.

Malakas din turnover lalo na sa mga interns at clerks dahil 1 year each lang ito and they have the option to chose another hospital (siyempre lilipat sila kung san malapit yun). Then you rent a new tenant.

Yung mga condo dito sa A.H. lacson, hindi pa umaalis ang tenant, may naka-reserve nang kapalit.

[7391N]

How'd you guys think of an apartment near the airport? By the way, our place is in the south, so I'm not talking about NAIA :D

[van_wilder]

Lots of good advices coming from you guys, just as I was expecting. Thanks very much it's all appreciated highly.

Any idea on how much a 4-unit apartment would cost to build? Total floor area for each would be approx. 80 sqm. (5m x 8m per floor- 2 storeys).

15,000 per square meter is of good quality na... we can go a little bit lower depending sa style na gusto mo... but we can not go like 10-12k since we dont compromise quality... kung renovation lang... much cheaper...

[5Speed]

hmmm interesting topic....

pinagbalakan ko na rin dati ito.... at that time eh 10k per sqm pa lang and its the good quality construction materials na....

[cardo]

How do you guys evict someone who refuses or hasn't paid rent? may connection kayo sa local police para sila magpalayas? or do you go to a legal office or something?