Condo living is a popular choice among young professionals and starting families due to the urban conveniences and lifestyle perks it entails. Aside from being a permanent residence or a holiday home, it can be a steady source of passive income when you decide to rent out the units to tenants who wish to live near their offices, schools, and other important establishments. With an ideal location inside the central business district of a city or close to exciting tourist attractions, having a condo rental business is a wise investment for people who want to build wealth.
So, if you’re a potential investor looking to purchase a condo property in the Philippines, here are some of the reasons why you should venture into the condo rental business. STEADY INCOME STREAM With the growing demand for rentals in business districts and urban centers, you can further grow your money by renting out your condo unit to tenants. This will ensure you a steady cash flow for the family, extra money for your personal expenses, or even an additional retirement fund. This rental income can also help pay the household bills or settle debts. You can opt to lease your property on a long-term basis to gain profit or list it on Airbnb, a vacation rental company that caters to both tourists and business travelers. SAFETY NET Even if you have a good salary from your day job or your business is running well, having a second line of income through your condo rental properties will serve as your safety net if something unexpected happens. We’ve witnessed how the COVID-19 pandemic led to the displacement of many employees and forced some business establishments to close shop. It won’t hurt to have a stable stream of income as a fallback in case of emergencies or any unfavorable circumstances such as hospitalization or job loss. PASSIVE INVESTMENT/OPPORTUNITY TO SELL THE PROPERTY For busy individuals who don’t have a lot of time to spare for other ventures, pursuing a condo rental business is an ideal choice. It can help you generate passive income through the long-term leasing of your units. As a landlord, you have the responsibility to address maintenance issues and repairs but apart from those, it doesn’t really require much time and effort for the most part. Having a trustworthy property manager to help you out with these responsibilities is a good option too. Real estate properties also have the tendency to appreciate in value over time, especially with their strategic location near universities, workplaces, hospitals, shopping centers, and other modern conveniences. You can sell the condo unit in the future and enjoy the benefits of the increase in its value. VACATION HOME When life gets too stressful, you’ll definitely want to have a relaxing retreat in a place you can call your own. While you’re busy earning money for your family’s future, you can avoid the burnout by spending quality time in your vacation home for self-care or bonding moments. There’s no need to splurge in booking expensive hotels, and you can earn profit by listing the units on Airbnb and renting them out whenever you’re away. VENTURE INTO THE CONDO RENTAL BUSINESS WITH CAMELLA MANORS Camella Manors offers an array of opportunities for rental income if you are planning to purchase a resort-themed condo in the Philippines. It boasts units from some of the most sought-after destinations in the country in terms of business and leisure, such as Davao, Palawan, San Jose del Monte, Caloocan, Lipa, Bacolod, and Butuan. All of these properties feature posh amenities that your future tenants will love and are close to modern comforts. Interested to invest in the “King City of the South”? Northpoint Davao is the first and only vertical pine community in Mindanao situated in the heart of Metro Davao’s central business district. This RFO condo is dotted with hundreds of Caribbean pines imported from New Zealand, giving off an average volume of 78,000 pounds of oxygen per year to provide fresh air for the residents. The 3-hectare British-themed development’s soil structure has a foundation resistant to a 7.2 magnitude earthquake. Another great option in Davao City is Camella Manors Frontera, which is nestled at the center of an emerging business district in Tigatto Road, Buhangin. The pre-selling condo boasts luxurious amenities, such as a meditation garden, infinity pool, picnic hubs, sandbox play pit, al fresco fitness park, clubhouse lounge, jogging trails, kiddie pool, amphitheater pews, event hall, and pocket park. The 1.8-hectare project area also features a picturesque view of Mount Apo. For a blend of island and city lifestyle, Camella Manors Verdant in Palawan is your dream destination. The RFO condo is the newest affordable mid-rise condominium developed by Vista Land, which is located along Gabinete Road, Brgy. Bancao-Bancao, Puerto Princesa City. It’s a 5,075-sq.m. condo project that’s only 10 minutes away from the Puerto Princesa International Airport and the Port of Puerto Princesa. There’s also a pine-estate condo in Bulacan for those who fancy Baguio and Tagaytay vibes. Sitting on the “Balcony of the Metropolis,” Camella Manors SJDM will be accessible to Metro Manila through MRT-7, connecting North Avenue in Quezon City to San Jose del Monte in Bulacan for an easier commute. The mid-rise condominium development is situated at Brgy. Sto. Cristo in the heart of the soon-to-rise Vista City. Meanwhile, if you wish to experience the perks of investing close to the progressive Quezon City and the culturally rich Bulacan province, Camella Manors Caloocan is for you.This pre-selling condo is the first mixed-use condo development in North Caloocan. Only 15 minutes away from Mindanao Avenue Station of MRT-7, the 2.5-hectare project is near lifestyle centers, business hubs, and other major establishments in the city. Another pre-selling condo that you can consider is Camella Manors Lipa, which is the first resort-inspired university condo in the city, catering to its education hub. Found in the “Little Rome of the Philippines,” it makes tourist activities such as going on a pilgrimage, mountain hiking, glamping, marine diving, and beach hopping convenient. This pet-friendly community is a 2.8-hectare pine-estate condo development that has the most expansive amenities among all the projects of Camella Manors in the country. For those who are looking to buy a property in a BPO and commercial hub in Western Visayas, Camela Manors Bacolod is a great choice. It is the first project of Camella Manors in Visayas to become part of Vista Land’s communicity. Situated along Cordova-Buri Road, Mandalagan, the 1.1-hectare mid-rise condominium in the “City of Smiles” is just 15 minutes away from Bacolod-Silay International Airport. You can also consider investing in the “First Kingdom in Mindanao.” Set to become the tallest residential structure in Butuan City, Camella Manors Soleia is Butuan’s first-ever condominium project. The pre-selling condo will feature four 7-story buildings and is located near the city center, so residents can conveniently access shopping malls, universities, medical centers, and infrastructure developments. For more information, visit the official website of Camella.
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