5 Tips: How to Lease Your Condo for Rent in Ortigas

Buying and leasing a condo is quite common for unit owners in Ortigas. Since this area is home to different offices and business establishments, condominiums here are easy to lease out to people who want to live near their place of work. That said, you can expect a lot of competition because there are many condominium buildings in the area. The key is to be smart when leasing your condo for rent in Ortigas. Here are five tips to help you along:

Dress up your unit -
Nothing is more sellable than a condo that lets potential tenants imagine how it would be like to live in the unit. Since your condo is in the Ortigas area, your most probable tenants are single professionals (but do not exclude the idea of having a family rent the unit). It is highly recommended that you place furniture and appliances in your property—at least the most basic ones. This will make it easier for your clients to rent the unit because all they have to do is move in.

Do take note that a fully furnished condo could mean higher rental rates, which may scare some possible tenants. It might be a good idea to give them the option of renting a bare unit or retaining the furniture and appliances.

Marketing is key -
With the number condos for rent in Ortigas increasing each year, you need to stand out from the crowd. Have the unit listed in high-traffic real estate portals online. There are many choices, but not all of them provide the convenience of connecting buyers and owners. Search for platforms that have an easy-to-use interface and allow flexible commission arrangements.

Be ready for unit viewing -
Always keep your phones and schedules open. A client may contact you anytime to view the condo. Make it a point to accommodate them and present the condo with all its amenities and features.

Upgrade your insurance -
You may need to beef up your insurance coverage. You can include appliances and other furniture to ensure that all of these are protected in case of damage or loss.

Prepare contracts and other legal documents -
Once you have agreed to the monthly rental rate, required deposits, and what the tenant can and cannot do in the condo; everything must be put into writing. You need to have the agreement signed by your tenant. This document will protect the interest of your tenant as well as your interests as the owner. 

Comments

Post a Comment

Popular posts from this blog

How to Find Luxury Homes & Apartment For Sale in the Philippines

When searching for a house or apartment for sale in Manila Philippines, you are not only looking for a place to stay and sleep in—you also want a well-located abode that can put you in the heart of the action. To find the best luxury home or apartment for sale in Manila Philippines, you must first write in detail all the amenities and features that you want your home to have. List all your negotiables on one side and your non-negotiables on the other, just to be clear about what aspects you are willing to compromise on. For example, consider a parking area. Do you need one? A parking area in crowded Metro Manila is considered a luxury. In fact, a tiny 12-sqm space for your car can easily cost millions of pesos. But if you can afford to buy one, it’s definitely a major convenience. What facilities do you need? If you want access to jogging and swimming facilities, look into well-equipped subdivisions in the metro area. Many luxury condos also offer these amenities. Once ...
Read more

What Do You Mean by Foreclosed Apartment in Manila?

Foreclosed properties have real potential to earn, but you also stand to lose money if you are not careful with your purchase. A foreclosure property can be any piece of land or an actual property that has been seized by the bank or the lender as a result of missed mortgage payments or voluntary foreclosure due to some unforeseen circumstances. Many see foreclosed properties as excellent investments as they are essentially properties that you can buy at bargain prices. However, there are certain things you should know when considering buying a foreclosed apartment for your next real estate move. Here are some things to keep in mind when looking at foreclosed properties in Manila: 1. Cost of repair may get you. Rarely will you find a foreclosed property that is up to your exact specifications. Because these properties are pre-owned, they most probably have gone through some degrees of wear. Some may be in less than favorable shape and the money you stand to save on the purcha...
Read more

House and Lot for Sale in Manila Philippines: Where You Can Get the Best Property at an Affordable Price

A house and lot for sale in Manila, Philippines is a great investment because property prices tend to increase at a steady and dependable rate here. In fact, the Philippines has never experienced a real estate meltdown. If you are interested in living in Metro Manila to access a vibrant and modern lifestyle, then the time to buy is now. Due to a great demand, affordable properties are harder to find. But if you look hard enough and use the right resources, you can surely find a house and lot that is worthy of your hard-earned money. Here is a list of places that offer the best property at an affordable price: Paranaque Paranaque is an ideal city for those who want to live in quiet residential communities such as better living or multinational village. These neighborhoods are not as too far south as most people think. In fact, these are minutes from Makati and BGC, which are two of the major financial districts in Metro Manila. These are even accessible to airports, malls, an...
Read more