Monday, July 15, 2019

Dec 11 18, 8:53 am

Death toll in Nepal flooding and landslide ups to 67

Death toll on flooding and landslide in Nepal continues to rise as of Monday with police estimating the numbers to have reached 67. According to the New York Times report, rescuers are still doing search, rescue, and retrieval operations. This catastrophe also injured...

Deadbeat dads beware: You can be jailed and fined Php300,000

DUBAI: A lawyer specializing in family court cases has urged single moms, including overseas Filipina workers, whose ex-husbands or partners have been remiss of their financial obligations to their children to purses legal action. Atty. Noel Del Prado explained over...

6 steps to renting out your condo

by | Feature, Finance

Dec. 11, 18 | 8:53 am

So, you want to rent out your condo but is quite not sure how to go about it. AyalaLand has these following tips.

1. Learn the Rules and Regulations for being a landlord, including permits.

Becoming a landlord isn’t something you can just decide on and do overnight. While it is indeed a great source of passive income, it’s still a business, and, like any business you might enter, there a number of steps and factors to take into consideration. Chief among these are the documents that allow you to rent out your condo in the first place. A great place to start is to sign up with Leasing Services by Avida (LSA), a team of specialists trained to help Avida owners like you maximize your investments by turning your condo into a business opportunity.

2. Do your homework

When it comes out to figuring out who you want to cater to, who your target market is, and how to reach out to them, Leasing Services by Avida has got your back once you enroll. Instead of worrying about things like reaching out to tenants or how much rent to charge, you can concentrate on more pressing matters, such as whether to rent out your condo as a bare, semi furnished or furnished unit, all of which have their own requirements and implications.

For more information on the differences between units, as well as to enroll with Leasing Services and start making money off your condo, click here.

3. Get your condo into shape

You know how you tend to tidy up a bit when you know you’re having company over? Well, this is just like that, except in this case, you’re making your condo as presentable as possible for people who might end up living in it. This means fixing any leaks or cracks, cleaning up any stains, and, if it’s furnished, making sure everything is in its place. If you intend to rent out your unit, you need it to be as presentable as possible, both for people coming to view and for those who might be checking out through photos you share. Basically, if you make an effort for people who are visiting, you definitely have to do a whole lot more for someone who might be moving in.

4. Screen your tenants

Nobody wants to assume their charming potential tenant has a dubious background or has a history of being a delinquent tenant, but in today’s world, it would be irresponsible not to check. Thankfully, Leasing Services by Avida will be there to handle checks into your prospective tenant’s employment status, financial status, and ability to pay, including details such as requiring clearance from the Barangay or NBI.

5. Getting it all in writing

From the outset, you’ll want to protect yourself and your tenant. Leasing Services by Avida will help you with a contract that neither party can renege on. Be sure to include things like the security deposit, length of lease, and stipulations on what they can or cannot do with your unit. Included in the contract will be the terms and conditions the tenant needs to abide by in order to avoid being evicted, including the scheduling and mode of the monthly rent payments.

6. Look out for your tenant’s needs

Assuming that everything checks out with your tenant’s background and financial details, you need to hold up your end of the landlord-tenant relationship, which means providing them with what they need to live peaceably, as well as keep your condo in one piece. Be sure to have the contacts of maintenance individuals or firms of your selection handy; not only will this eliminate a need for you to actually do the repairs yourself, but this will help ensure that trusted, competent people will be working on any repairs according to your specifications. If you take care of your tenant, they’ll be more likely to take care your unit, making it more likely that they return your unit to you the way it was when they moved in.

It’s back, the longest-running, most trusted and biggest Philippine investment event in the Middle East region, Philippine Property and Investment Exhibition (PPIE), is back. It has helped thousands of OFWs own their very own home. Be part of PPIE 2019 on April 26-27 at the JW Marriott, Deira, Dubai to reach your aspired home.

Like @ppieuae on facebook to get tips and alerts on unbeatable deals.

Jobs

Editors Choice

Dubai bus crash driver gets 7-yr prison term, to pay Dh3.4M

Dubai bus crash driver gets 7-yr prison term, to pay Dh3.4M

The bus driver in the horrific road crash that killed 17 passengers has been sentenced to seven years' imprisonment and was ordered to pay Dh3.4 million compensation to the families of the victims. The 53-year-old Omani driver will pay Dh200,000 in blood money to each...

The Pinoy twang. Do you have it?

The Pinoy twang. Do you have it?

DUBAI: Filipino, according to some experts, is the most accent-neutral language, reason why the Philippines has replaced India as the “Call Center Capital” of the world. Philippine outsourcing revenue from call centers surged 160 percent to an estimated $23 billion in...

UAE Pinoys, 3rd top money senders

UAE Pinoys, 3rd top money senders

DUBAI: Overseas Filipino workers (OFW) sent home the third biggest remittances among other expatriates working in the UAE last year. Filipino workers in the UAE sent Dh3.2 billion or around 7.9 percent of the entire remittances from the emirates. This is the third...

LOOK: Cargo vessel capsizes off San Fernando, Cebu

LOOK: Cargo vessel capsizes off San Fernando, Cebu

A cargo vessel capsized off SEDC Port in San Fernando, Cebu at around 4:40 pm, Tuesday, June 25. All of its 12 crew were rescued by the Philippine Coast Guard (PCG)-Central Visayas. Lt. Jr. Grade Michael John Encina, spokesman of the Philippine Coast Guard in Central...

Death toll in Nepal flooding and landslide ups to 67

Death toll on flooding and landslide in Nepal continues to rise as of Monday with police estimating the numbers to have reached 67. According to the New York Times report, rescuers are still doing search, rescue, and retrieval operations. This catastrophe also injured...

Dubai OFWs’ bubble tea indulgence takes a new level

DUBAI: When you have a bubble tea refreshment store running out of stock and having to frequently deliver supplies from Taiwan by air, you got something! Such is the case for Tsaa Time, which opened just two months back at West Zone in Al Khail Gate whose owner,...

Deadbeat dads beware: You can be jailed and fined Php300,000

DUBAI: A lawyer specializing in family court cases has urged single moms, including overseas Filipina workers, whose ex-husbands or partners have been remiss of their financial obligations to their children to purses legal action. Atty. Noel Del Prado explained over...

Mang Inasal: Al Khail Gate’s Pinoy comfort food central

DUBAI: Years back, an enterprising food lover saw a gaping hole at Al Khail Gate’s growing community of mostly Filipino expats and he quickly filled it up. Today, that hole is the most popular go-to place for Pinoys hungry from work or just simply craving homegrown...

Recent posts

We listed over 1,000,000 jobs from United Arab Emirates monthly.

Accomodation option available in the market.

Latest News
Subscribe to our free weekly newsletter and never miss a thing. No spam. Only hand-picked trending news.

THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 1 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

FOLLOW US

SIGN UP FOR NEWSLETTER

THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 1 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

FOLLOW US

SIGN UP FOR NEWSLETTER

© 2018 The Filipino Times. All rights reserved

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!

More in Feature, Finance
Enjoy timeless OPM hits at ‘90s Upload Concert
Published On  December 11, 2018
Stay off me, ugly warts
Published On  December 10, 2018
Zitan: It’s all about connectivity
Published On  December 10, 2018
Close