Apartment/house rental business

FrankDrebin · November 2nd, 2005 01:37 PM

Slow ROI yes indeed but my cousin has 200+ units. The usual problems he encounters are the "Professional" Apartment Peeps, increasing cost of contruction materials, etc.

**7391N** · November 3rd, 2005 06:45 AM

Originally Posted by van_wilder

15,000 per square meter is of good quality na... we can go a little bit lower depending sa style na gusto mo... but we can not go like 10-12k since we dont compromise quality... kung renovation lang... much cheaper...

thanks for the figure but can you define in detail what entails "good quality"? sorry to sound so ..uh.. unknowledgeable hehe.

**7391N** · November 3rd, 2005 06:54 AM

Originally Posted by FrankDrebin

Slow ROI yes indeed but my cousin has 200+ units. The usual problems he encounters are the "Professional" Apartment Peeps, increasing cost of contruction materials, etc.

What do you mean by "Professional" Apartment Peeps?

**orly_andico** · November 3rd, 2005 08:28 AM

according to my brother who works at the company which designed the columns, 15k/sq. m. yung the columns

so that should give an idea of what kind of quality you can get for that price.

FrankDrebin · November 3rd, 2005 11:28 AM

Originally Posted by 7391N

What do you mean by "Professional" Apartment Peeps?

If you rent an apartment, it have this 3 months advance payment etc. scheme. So these kind of people used up all its advance payment and enjoyed a few months free while waiting for the apartment owner to evict them.

**van_wilder** · November 3rd, 2005 05:17 PM

Originally Posted by 7391N

thanks for the figure but can you define in detail what entails "good quality"? sorry to sound so ..uh.. unknowledgeable hehe.

high-quality materials... high-quality craftmanship... the work/job doesnt say anything "cheap" or "compromised"

in short... hindi siya low-cost housing ang itsura...

**van_wilder** · November 3rd, 2005 05:21 PM

to solve these "professionals" 1month - 2weeks pa lang before ng scheduled pag-alis nila dapat warningan mo na sila... and ilagay mo sa contract na dapat may buffer period na dapat vacate nila yun place 1 week before ending ng contract...

**7391N** · November 3rd, 2005 06:46 PM

Originally Posted by FrankDrebin

If you rent an apartment, it have this 3 months advance payment etc. scheme. So these kind of people used up all its advance payment and enjoyed a few months free while waiting for the apartment owner to evict them.

bad trip mga ganitong tao. kaya kelangan talagang ma-screen mga prospective tenants.

Originally Posted by van_wilder

high-quality materials... high-quality craftmanship... the work/job doesnt say anything "cheap" or "compromised"

in short... hindi siya low-cost housing ang itsura...

baka meron kayong website ng mga finished products?

**van_wilder** · November 3rd, 2005 07:47 PM

yep! pero di pa tapos yun website... hehehehe... actually si theveed yun gagawa...

may isa pa kaming company (subsidiary) ito yun link ... http://www.geocities.com/bcfae

**theveed** · November 3rd, 2005 07:52 PM

I think its a good long term investment.

landlord namin has over 25 units in the same village, each pays approx 8K a month, PDC for 1 year, etc...

usually naman kung maayos yung landlord maayos din naman tenants. The shorter the required tenure, the larger the chance na bababuyin yung lugar.