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Come in renting out property has made real-estate a preferred investment for a lot of Filipinos, but there's more to this type of investment than just choosing the right property and looking for a tenant — Li's— — so today we'll focus on how best to invest in condos for rental income I'm ARIC Mendoza and this is on the money today we have with us property investor Carl D welcome to the show Carl hello good to be back yeah so real estate let's ask the first question what are your tips in general for those who are looking to invest in condos right now if you are looking to invest in condos number one advice would be to make sure you have a steady flow of income love your job work hard, so you get a good flow of income, and then you can start investing okay you have to at least have the down payment yeah sure number two treat your property investment like a business meaning your unit is your product, so you have to know the features of your product, and you always have to give value to your customers so treat it like a business meaning you have to understand your target market you have to market your unit you have to do a sales pitch and definitely don't forget after sales service for your tenant or your customer number three it's always best that you identify your market if it's a condo near schools then your tenant will be your students if it's a condo near some Hospital maybe your tenant may be doctors or potential patients who are coming in from overseas or if you're in an office a central business district your tenant will be expat or office workers another advice would be to design your unit well to the best that you can afford to make sure that the that it's durable the quality of finish is there because I believe that a well-designed unit will stand out in the market or make make make it easier for you to rent in loud and if the tenant comes in and feel that he has a unique unit he will stay longer sure another tip is to be prepared to market your unit to yourself now yes market it yourself or use a broker okay don't stop just after designing your unit, so they take nice pictures of the unit create an enticing description of your unit highlight the features and then start to market it out this can be through word-of-mouth social media this can be through online classified ads sure and lastly through our through the professional help of a broker mm-hmm how about to the building administrator oh yeah automaton I mean in that round oh yes the building tenants will know who are your potential tenants also or their friends or fishing it, so it would be nice to tap into that they see that their doctor okay yes depends on your market now right right right okay um what about competition should that be a factor I mean knowing what condos are around your condo that you want to rent out the bar yeah definitely recently just like any business it's like a restaurant if you're to Japanese restaurants together you're competing for the same market so in...
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