Here’s why real estate investors should start investing in properties for rental in 2017

2017 has been a good year in real estate industry in the Philippines. In Cebu alone, there are various property developers who have stepped up in the vertical construction scenes.

Many of these vertical towers are condo units; some cater to commercial clientele while others for serious investors and property buyers who want to own condo units for residential uses.The surge in demand of property in Metro Cebu is part of the upward swing in property trends currently experiencing in the Philippines.

The domestic demand may be exponential. It actually is.Highlighting the fact there are many Filipinos now who can afford to buy real estate properties than years before is one of the indicators that domestic consumption is helping fuel the Philippine economy. And the real estate sector is the benefactor of this positive transition in the economy.Although property developers are mostly made up of corporations, real estate investing is not only confined to this type of business.

Property rentals can build passive income. This is especially true if your tenants desire to live in the rented properties you own for more than a year. Lease agreements can seal the deal and can bring proofs that you can earn from the monthly rents in the coming months or years.If you invest in more properties, you have greater chances to build more passive income.

Tips:

(a) Invest in smaller properties that can be easily rented out.

(b) Take in mind the locations.

Property investing is also helping. You can help start-ups launch their first office space outside the home garage. You can also cater to multi-national or foreign corporations that want to rent commercial spaces for the local based offices.Property investing can be an outreach only that you can also earn as you help.

I may be put on fire if I say ‘outreach’ here but truthfully, property investors help us in a way especially those who can’t still afford to buy their own properties for residential uses.Truth be told, property investors have brought considerable aid to the local economy.

The property developers are there to build the structures. And also these developers have sister companies that manage the properties.Property investors can manage the properties by themselves or they can outsource this task and focus on thinking on how to build more wealth in other ventures.

2017 will be another good year for real estate investing. So it’s better to start thinking now and take a surge by the start of 2017.Houses for rent can become hot commodities next year as more people demand for better houses to rent for the coming years.