FREQUENTLY ASKED QUESTIONS
What returns can I expect from my investment?
As property prices in the Philippines continue to rise, yields are, in the main, remaining stable due to increased rental rates. A properly managed property should be able to yield around 7%-8% gross per annum.
What are the main costs of renting in the Philippines?
The main costs are Association Dues paid for the management of the building, real property tax (similar to rates) management fees, rental brokerage fees and maintenance costs. These would normally be around 20-25% of total rental income.
What property taxes do I have to pay?
Every year, your property will be assessed for Real Property Tax based on the assessed value of your property. Discounts of 10% are available if you pay one year in advance by January 20th (20% in Taguig if paid in the previous December)
I live overseas and don’t have a Peso account. How can I get my rental income?
We will collect the rent on your behalf, deduct all expenses and, based on your personal instruction, convert the funds into U.S. dollars or Euros and transfer the net proceeds overseas.
What do you charge for your services?
While most property management companies charge fees based on the rental returns, Reality Homes charges a nominal fixed fee to enable owners to plan easily.
If my property remains idle for a while, do I still continue to pay management fees?
If your property remains un-let for more than two months, which is unusual, the management fees will be waived until a new tenant is found.
If you have any further questions with regard to Property Management or ownership in the Philippines please contact us