Real Estate Archive

The Philippines Ranks the Best Country for a Rental Property Investment

Manila sky lineAmericans who want to expand their property portfolios overseas should consider investing in the Philippines, such as rental real estate in Quezon City.

A study ranked the Southeast Asian country as the best place for rental property investments this year, followed by the UAE and Costa Rica. The Philippines topped the list based on the potential return on investment.

Investment Destination

GOBankingRates based its rankings from the average rent per month for a 1,292-square-foot house, taxes on a rental income worth $1,500 and the average return before maintenance, taxes and other expenses.

In the Philippines, foreign investors could achieve a rental yield of 6.13% with an effective income tax of 4.06%. Monthly rental rates on average cost $2,422. The investment return and income tax rate in the UAE are almost 1% lower at 5.19% and 5%, respectively.

Monthly rents, however, cost more than $3,000 in the country. Costa Rica has the lowest monthly rent among the top 3 countries at $1,450.

Urban Properties

Rental properties in urban areas are unsurprisingly popular with foreigners. If you’re looking to invest in luxury homes, the Forbes Park community in Makati City has the highest average price worth P532.38 million.

The steep price may be too much even for those with huge capital, which is why some are looking for alternative properties. High-rise residential buildings within a mixed-use space serve as another option for taking advantage of the well-performing real estate market.

Like any other investment, you should only transact with developers with a positive track record for residential properties.

Foreign investors should consider investing in rental properties in Metro Manila, particularly in Quezon City where developers have launched high-rise buildings in several mixed-use projects. These developments currently attract a huge demand from local professionals and expatriates who want to live near their place of work.

Here’s How You Create “Home” After a Move

New home for a familyMoving to a different house in the same city means getting used to a different route and neighborhood. It’s a new take on something familiar, but a lot of things remain the same. Things are significantly different, however, when you’re moving a long distance away. If it’s an interstate or overseas move, you need to consider more than a new address when getting used to the new place.

One of the saddest and most frustrating things to happen is that you don’t feel like you belong in the place you’re supposed to call home. Here’s how to settle down easier after a move:

Choose the Neighborhood Wisely

You’d encounter problems if you didn’t at least spend some time getting to know your future city before packing your bags and calling for long distance relocation solutions. This is especially true if you have children. You’ll want to check that the neighborhood you choose is good for them, after all. It’s good to move into a community with households similar to yours, as this gives your children someone to play with, and you know that everyone is family-oriented just as you are.

Know What You Need

Several things determine your family’s needs. Your job, for instance, might require a long commute, so you need to be close to terminals and stops if you want to save time. If the family has special health circumstances, it’s beneficial if you are close to a medical facility. If you’re planning to start a business, you’ll want a house not too far from your would-be office location.

Take Your Time

You can’t get used to everything overnight. It takes some time, so go easy on yourself. Live like a tourist the first few days of your move, then slowly start assimilating to the place. Take pride in being a resident of the place, and connect with people. The more you integrate yourself into the neighborhood, the more you’ll feel like you belong.

There’s a struggle to find your place in a new city. Settling in starts when you stop looking at yourself as a tourist.

What Investors Should Know Before Dabbling in Single-Family Rentals

House For RentThe demand for single-family home rentals under Section 8 investments in the U.S. would continue in the next 10 years when investors are expected to flock to the market.

By 2030, single-family rentals will comprise around 29 million properties in the overall rental market. While it can be a promising venture, investors should first consider certain factors before dabbling into this property segment.

Strategic Location

Some investors want to venture into single-family housing rentals to diversify their investment portfolios, but that entails more than just distributing your capital in different types of properties. It also requires you to consider other locations to avoid the market swings in a certain region.

If you live in California, it’s better to spread your vulnerability to risk by seeking an income-producing property in other places. First-time investors, in particular, should also learn to minimize risk by adding other asset classes in their portfolio, such as Section 8 investing.

A property manager will be a key factor in this type of investment.

Other Rental Investments

Section 8 housing can be a good fit for your investment portfolio if you think the advantages will outweigh the risks. Since the government shoulders up to 70% of a Section 8 tenant’s monthly rent, it’s possible to raise your rates above the market range.

This is possible since not all landlords are keen on accepting low-income tenants because of special procedures and rules. For instance, public housing agencies will have to inspect your property based on Section 8 standards. Tenant screening will still be necessary even if public agencies already screened them.

Conclusion

More households will likely rent instead of owning houses in the coming years, partly because of high property prices. Like any other investment, you should consider all options aside from single-family rentals. Consult with property management firms to find out the best strategy.

4 Reasons to Hire Professional Janitorial Services

Janitor cleaning the floorCleaning is not a favorite task to do among the majority of the people. However, doing office cleaning is not a task that should be up for debate. You need to have a clean working environment at all times. Thankfully, there are professional cleaning services that can handle the cleaning tasks in your office for you.

More reasons to get janitorial services from companies like Forte Commercial Cleaning Utah in Salt Lake City include:

Hassle-Free Work

Sometimes, there could be too many tasks to handle at work that cleaning your facility is not a priority. Nevertheless, having an engaging job is not an excuse for having an untidy working environment. Cleaning companies tidy up your workspaces before you get to work or after you leave work. Thus, hiring their services ensures you do not disrupt your work schedule, neither do you have to overwork.

Create a Good Impression

Having a disorganized and untidy working environment is not appealing to partners, clients, and employees. You could end up losing much due to the impression you imprint on any person who visits your business. A clean business environment attracts customers.

Get the Job Right

Cleaning commercial spaces require the use of specialized equipment and tools. Failure to use this equipment can cause more damage to office valuables. It is expensive to acquire this equipment and then hire skilled personnel to operate them. You can choose to hire a cleaning company that has trained staff and the right equipment for the job.

Health Benefits

An unhealthy working environment poses health risks to you and your employees. When more people are calling in sick, their productivity goes down. Cleaning services ensure your environment is safe for work purposes.

There is more you can do in your business than handling your cleaning tasks yourself. Get professional janitorial services so that you can spend more time in building your business.

The Importance of Clean & Tidy Workspace: How Can it Benefit You?

CleaningAs a business owner, part of your responsibility is to oversee the overall operation of the company. Aside from that, it is also your duty to provide a clean and safe place for your employees so they could work comfortably. There are other reasons why an office must be regularly cleaned and maintained, and here are some of those:

Leaves Good Impression

Admit it or not, a clean and tidy workspace would always look appealing to anyone. Whether it is a potential client or employee, people will be more drawn to an environment that is easy to the eyes. Along with that, a clean and tidy office instills a sense of pride and confidence in your organization, which could create a feeling of trustworthiness to both your staff and future customers.

Motivates Employees

A typical employee spends no less than 40 hours a week in the office. Most people even consider their workplace as their second home. That’s why as the head of the company, it’s also your responsibility to create an environment where they could be productive, happy, and safe. The simple step of having a clean and spotless office can do so much in keeping them happy and motivated to go to work.

Keeps Everyone Safe

Another reason it’s essential to have a squeaky-clean office is it warrants the health of everyone. According to an office cleaning company in San Diego, a messy and dirty workplace may pose serious health risks to you and your employees. An untidy bundle of cords may trip anyone, which could cause serious injury. Not having a proper ventilation system may encourage the airborne pollutants to infect your office. That’s why it’s important that you schedule routine cleaning services to cover everything.

A clean and well-maintained office can bring so many benefits to both you, your employees, and future guests. It keeps everyone happy, motivated, healthy, and most importantly productive, which contributes to the overall success of the company.

Photograhing Products: Preparing for a Product Shoot

Product photo shoot in a studioWhen it comes to marketing products and services, it is important to note that your audiences are a very visual individual. This means that they are easily enamored or arrested by stunning photography. Part of their purchase decision is based on how your goods will look good in print or online.

This is why you need to invest in product photography. They may cost a dime, but its benefits are worth it. Should you decide to go at it, there are some preparations you need to keep in mind for the workflow to be more efficient and productive.

Here are some of the pointers to keep in mind.

Draft your shot list

The first thing you need to do is decide on which products to photograph. You ought to create a shot list so that nothing will be forgotten. This will also facilitate the efficient work flow of the shoot. A shot list essentially contains the products to be photographed, how many angles are needed to be seen, and which spots and strengths should be highlighted.

Decide on the look of the products

The look and feel of your products will heavily depend on your overall theme or the motif of the campaign. You need to make sure that the way they are presented is in line with the aesthetics of the advertising campaign you are running.

Don’t forget the props and background

The props and the background of the shoot will also depend on the aesthetics of the campaign. But one thing you need to keep in mind is to ensure that these elements will not drown the product. They should, instead, complement and help highlight the product. You should be particular and careful, especially if you are doing white product photography.

Product photography is something you should always consider when marketing your products. To make the most of it, always work with a reliable studio, photographer, and production designer.