Monday, October 21, 2019

Dec 11 18, 8:53 am

Folded umbrellas now allowed on luggages at NAIA

The Office of Transportation Security of the Transportation Department has announced on Sunday that folded umbrellas will henceforth be allowed on airplanes both as carry-on and check-in baggage. The OTS said it will be easing the prohibition on bringing folded...

Malacañang rejects 24-month probationary period for workers

Malacañang is supporting the stand of the Department of Labor and Employment (DOLE) against the proposal of Probinsyano Ako partylist Rep. Jose Singson Jr. seeking to extend the probationary period for employees from the current six months to 24. Singson said the...

Php1 billion pair of shoes unveiled in Dubai

For Italian designer Antonio Vietri recently introduced his latest master piece - a pair of shows worth Dh73 million or a whooping $19.9 USD. Convert it to Philippine peso and that's P1-billion pesos! Named as the "Moon Star Shoes," this was the centerpiece of the...

Two club security guards caught on CCTV assaulting tourist

Two club bodyguards are now facing trial at the Ras Al Khaimah Misdemeanour Court for beating an inebriated tourist at a nightclub. Records showed that the incident happened after the tourist started creating a commotion in the night club. The guards beat the tourist...

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.

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Latest News

Folded umbrellas now allowed on luggages at NAIA

Folded umbrellas now allowed on luggages at NAIA

The Office of Transportation Security of the Transportation Department has announced on Sunday that folded umbrellas will henceforth be allowed on airplanes both as carry-on and check-in baggage. The OTS said it will be easing the prohibition on bringing folded...

Malacañang rejects 24-month probationary period for workers

Malacañang rejects 24-month probationary period for workers

Malacañang is supporting the stand of the Department of Labor and Employment (DOLE) against the proposal of Probinsyano Ako partylist Rep. Jose Singson Jr. seeking to extend the probationary period for employees from the current six months to 24. Singson said the...

Php1 billion pair of shoes unveiled in Dubai

Php1 billion pair of shoes unveiled in Dubai

For Italian designer Antonio Vietri recently introduced his latest master piece - a pair of shows worth Dh73 million or a whooping $19.9 USD. Convert it to Philippine peso and that's P1-billion pesos! Named as the "Moon Star Shoes," this was the centerpiece of the...

Two club security guards caught on CCTV assaulting tourist

Two club security guards caught on CCTV assaulting tourist

Two club bodyguards are now facing trial at the Ras Al Khaimah Misdemeanour Court for beating an inebriated tourist at a nightclub. Records showed that the incident happened after the tourist started creating a commotion in the night club. The guards beat the tourist...

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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.

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