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New apartment rental concept

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hmdaswani
hmdaswani
I am contemplating on a business idea where I look for apartments that cannot get themselves rented out for sometime. I agree with the unit owner that I will rent the apartment for a fraction of the cost, long term, I will take care of furnishing and improving the unit (provided the contract is for 5 years) and get it rented out accordingly.

The idea is, the harder it is to rent out the unit, the lower I will pay for its rent. The owner does not have to worry about it getting rented out anymore, I will have to pay him rent every month whether I have a tenant renting the unit or not. 
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controlyourweight
controlyourweight
maganada rin yan pero medyo risky paano kung walang gusto mag rent edi abonado ka pa
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joshdavid
joshdavid
Magandang negosyo yan, basta dapat malinaw at pabor sayo ung terms ng subleasing agreement or else baka ikaw ang mamroblema as mediator pag may ginawang kabulastugan ung pauupahin mo!!!
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cissmanila
cissmanila
this is a very nice idea. then you also set up a service para sa mga nag hahanap ng bahay na rerentahan para hindi na sila mahirapan.
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tiffylove
tiffylove
Ok sana kaso baka naman maging mahal ung renta kasi dalawa na kayong dapat kumita, baka walang umupa pag ganon...
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satchel
satchel
hmdaswani posted on July 29, 2009 01:01PM
I am contemplating on a business idea where I look for apartments that cannot get themselves rented out for sometime. I agree with the unit owner that I will rent the apartment for a fraction of the cost, long term, I will take care of furnishing and improving the unit (provided the contract is for 5 years) and get it rented out accordingly.

The idea is, the harder it is to rent out the unit, the lower I will pay for its rent. The owner does not have to worry about it getting rented out anymore, I will have to pay him rent every month whether I have a tenant renting the unit or not. 

basta malawak ang network mo, makakhanap ka ng tenant. at kung tutuusin, mas mababa ang investment mo kesa dun sa owner mismo na bumili ng property. so baka mas kakayanin mo ring ibaba ang rent. good luck. :)
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webfair33
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whitejuly82
whitejuly82
webfair33 posted on July 29, 2009 11:28PM
Its a good idea kung papayag ang mayari ng apartment.
naisip na namin to before, pero wala kaming makitang apartment na uubra para sa project na to. kung may maganda kang units na nakita, go mo na!
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slimguy
slimguy
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kung papayag yung may ari. and kung kaya mo syang parentahan.hehehe
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workfromhome
workfromhome
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mahirap din pasukin, pwede ka rin malugi pag wala kang nahanap na tenant or hindi ka mabayaran ng tumira
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zhaopao
zhaopao
maganada rin yan pero medyo risky paano kung walang gusto mag rent edi abonado ka pa

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ask4hcs
ask4hcs
basta everybody happy ok yan
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drwiljun
drwiljun
appartment for rent yan ang malakas ngayon lalo na kung dun ka sa mga big company like call center agent
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weightsolutions
weightsolutions
okay yan ha wala kang puhunan... mag mamanage ka lang
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brokerods
brokerods
zhaopao posted on July 30, 2009 07:30PM
maganada rin yan pero medyo risky paano kung walang gusto mag rent edi abonado ka pa

oo nga hehehe.. pero madalas hindi tumatagal ng 2 weeks na walang nagrerent kung nagmamarket ka ng maayos.
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orientpearl
orientpearl
ngayon ko lang narinig yan ah.. parang property management business.. baka mag work out.. sub-leasing na nga yan.. bihira ang pumapayag sa sub-leasing arrangement.. pero try mo na rin..
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catcortes
catcortes

sub-leasing ang tawag sa ganun

  if the place is for business/commercial sub-lease malaki ang chance na kumita

pero kung for residential.. medyo mahirap (sa tingin ko)

pwera na lang kung gagawing boarding house.

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oxychem
oxychem
controlyourweight posted on July 29, 2009 04:52PM
maganada rin yan pero medyo risky paano kung walang gusto mag rent edi abonado ka pa

tingin ko di mawawalan ng magrerenta diyan..
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clayfigur
clayfigur
hmdaswani posted on July 29, 2009 01:01PM
I am contemplating on a business idea where I look for apartments that cannot get themselves rented out for sometime. I agree with the unit owner that I will rent the apartment for a fraction of the cost, long term, I will take care of furnishing and improving the unit (provided the contract is for 5 years) and get it rented out accordingly.

The idea is, the harder it is to rent out the unit, the lower I will pay for its rent. The owner does not have to worry about it getting rented out anymore, I will have to pay him rent every month whether I have a tenant renting the unit or not. 

Its called subleasing.... You need a contract for this... to protect your assets... Eventually you'll be spending lots of money in the repair/ improvements...

Also you should make a contract to your subleasee/ tenants..

Have a business permit... provided by the ff req:
barangay permit, sanitation, workers permit(you), municipal etc...

Make a deposit voucher for refundables... Like Rental Deposits, Electricity Deposits, H2o Deposit... You wouldnt want to pay tax, on cash that you will return to tenants when they leave...

Use an official reciept on Room or Appartment rentals only...  Dont issue official reciept on bills... the bill payment are not your profits... just use a notebook for this...

Anyway.. advertise on as-is basis... so you would not be liable on tenant request.. especially those that are not practical...

When paying taxes, make sure everything you buy, spend on labor, is noted, so that it would be considered as expenses...

Having registered business is a must... especially when you deal with hard to evict tenants... the law applies to them properly...

there a book on rental law, buy them...

make sheets, on promissory notes... you might need the notarized if the times comes to hard eviction.

 
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brokerods
brokerods
hmdaswani posted on July 29, 2009 01:01PM
I am contemplating on a business idea where I look for apartments that cannot get themselves rented out for sometime. I agree with the unit owner that I will rent the apartment for a fraction of the cost, long term, I will take care of furnishing and improving the unit (provided the contract is for 5 years) and get it rented out accordingly.

The idea is, the harder it is to rent out the unit, the lower I will pay for its rent. The owner does not have to worry about it getting rented out anymore, I will have to pay him rent every month whether I have a tenant renting the unit or not. 

Is this something like Brokerage/Interior Designer?  Anyway I've seen some people doing this na and magandang concept nga siya
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youngentrep20
youngentrep20
medyo risky yan, kapag walang magrerent magagastusan ka pa
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