So you’ve been living in your Makati apartment for more than a decade now and the time has finally come to move to a bigger house. Should you sell the property right away or put it up for lease instead? It doesn’t really matter if your apartment for rent in Makati is a brand new property investment or a unit that you’ve been staying in for a long time. The bottom line is you can actually make good money out of it by putting it up for lease.
Finding someone who wants to rent your Makati apartment should be very easy. In fact, you can possibly get a tenant just by asking your friends and relatives for referrals. You don’t actually have to spend money to advertise your apartment in various real estate listings. There are numerous sites all over the internet that offer free ad posting services. This would be a good place to start looking for potential tenants.
One of the primary concerns of apartment owners putting up their properties for rent for the first time is pricing. You will have to compare monthly rentals in listings of Makati properties that are located within your area. Another way of doing this is by asking your neighbors. Determining the overall value of your Makati apartment will also depend on the quality and size of your unit.
Fix all that needs to be fixed before putting up your Makati apartment for lease. Doing this not only lets you increase the monthly rental for your property, but can also save you from future inconveniences. Keep in mind that even a small crack on the wall or a tiny hole in the ceiling could require major renovation efforts if left untreated.
You will be competing with other property owners as you post online ads for your apartment. One way you can get an edge is by making it look attractive to potential tenants using high-resolution photos and by citing the unique features of your unit. Your online advertisement should provide all the necessary details regarding the property as well as your contact information. Failure to supply this information may discourage some potential tenants, so make sure you tell them everything that needs to be told.
Putting up your apartment for lease can provide you with extra earnings that you can spend on maintenance costs for your new house. This is why many people see a lifestyle investment in a Makati apartment.
