Renting Out Your Property in the Philippines
The greater fraction of the metropolitan area of Manila continues to exhibit a surge in rental yields.
How It Works
If building a long-term savings plans is your investment strategy in Philippines properties, you may also consider a scheduled savings plan that makes your money work for you while you reap the benefits of passive income from rental. Such strategy involves the purchase of multiple property units and making a disciplined commitment. This is expected to grow your wealth substantially and maximize your return of investment.
How to Manage Your Property Rental as a Foreigner
If you are not comfortable with managing the rental of your property, developers such as SMDC offer to manage your rental on behalf. This also means that you do not need to engage a real estate agent, nor be physically present in the Philippines to draft or sign the tenancy agreement. Engaging a reputable developer also ensures that you receive your monthly rental yields promptly and have your interests as a landlord well-protected.
If you are purchasing a property from SMDC, it is recommended to engage its leasing department to manage your rental and tenants without having to physically be in the Philippines. Such arrangement calls for a commission of 1 month’s rental for 1 year lease, or a commission of 2 months’ rental a 2 year lease contract.
Benefits of Renting Out Your Property in the Philippines:
How It Works
If building a long-term savings plans is your investment strategy in Philippines properties, you may also consider a scheduled savings plan that makes your money work for you while you reap the benefits of passive income from rental. Such strategy involves the purchase of multiple property units and making a disciplined commitment. This is expected to grow your wealth substantially and maximize your return of investment.
How to Manage Your Property Rental as a Foreigner
If you are not comfortable with managing the rental of your property, developers such as SMDC offer to manage your rental on behalf. This also means that you do not need to engage a real estate agent, nor be physically present in the Philippines to draft or sign the tenancy agreement. Engaging a reputable developer also ensures that you receive your monthly rental yields promptly and have your interests as a landlord well-protected.
If you are purchasing a property from SMDC, it is recommended to engage its leasing department to manage your rental and tenants without having to physically be in the Philippines. Such arrangement calls for a commission of 1 month’s rental for 1 year lease, or a commission of 2 months’ rental a 2 year lease contract.
Benefits of Renting Out Your Property in the Philippines:
- Long-term savings plan (consistent monthly income from rental)
- Ability to hold on to property until desired time to sell for capital profit
- Flexibility to decide to occupy the property when lease contract is up
- Can command higher rental yield with subsequent lease contracts & market appreciation