Apartment Business in the Philippines for OFWs: HOW TO SCREEN TENANTS | Retired OFW
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- Опубліковано 30 жов 2020
- APARTMENT BUSINESS TIPS PLAYLIST: • APARTMENT BUSINESS TIP...
HOW TO SCREEN TENANTS || How should we screen tenants for our apartments or rental property? Screening tenants is the key to your happiness as a landlord. This way you will minimize the chances of accepting tenants who can't pay rent or who trash your property and even cause damages.
In this video, we shared industry best practices in screening tenants which landlords in the US and UAE observe. We also proposed filters that you can use but just check if they will suit you. We also discussed how we deal with misbehaving tenants. Of course, I added a TIP for landlord in order for us to get the best tenant there is. Watch until the END.
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NOTE: We understand that now is not the most ideal time to build an apartment because of the pandemic. Cash is hard to come by and getting a mortgage is equally hard with all the job cuts and pay cuts happening around us. But I hope you will still watch so that you can have an idea and PREPARE IN ADVANCE in case you would like to build your own apartment in the FUTURE. We're free to PRAY, DREAM and have a vision for our future anyway, the virus has NO say in that.
#ApartmentBusinessForOFW #TipsInBuildingApartment #ApartmentBuildingTips #ApartmentBusinessTIPsPhilippines #LandlordLife #OFWinDubai #HowToGetFullCapacity #PassiveIncome #HowToScreenTenants #OFWPassiveIncome #TipsForLandlords #RetiredOFW
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📱All videos shot using Samsung Note 9/10, DJI Osmo Pocket. Edited using Kinemaster.
How about you? If you're a landlord, how do you screen your tenants? Share share so we can learn together! 😊
yearly po ba increase nang rental?
Hi Arsenio! Depende po ito sa location ng apartment at renta ninyo. Ayon sa Rent Control Act of 2009, maaaring magtaas ng renta kada taon sa Metro Manila at Highly Urbanized Cities (HUC) kung same tenant din ang titira dito. Pero applicable lang ito sa may renta na Php10k and below.
Meron ring limitasyon ang pagtaas ng rent ayon sa batas. So kung nasa MM o HUC ang apartment mo at ang kung ang renta ng Unit mo ay Php4,999 pababa, maaari mong taasan ang monthly rent ng 2% kung same tenant pa rin ang titira.
Sa apartment naman na Php5k - Php8,999 ang renta, 7% ang pwede itaas. Kapag Php9k to Php10k naman ang renta, maaaring magtaas ng 11%.
So halimbawa, ang parenta mo ay Php5,500 kada buwan ng 2020, kung nasa MM or HUC ang apartment mo at same tenant pa rin ang titira sa 2021, pwede kong taasan ng 7% o Php385 kada buwan ang renta after ng 1 year doon ng tenant. So magiging Php5,885 per month na ang rent. Pwede mo nang isarado sa Php5,800.
Sa amin, nasa HUC nakalocate ang apartment namin. May tenants kami na nandun na mula nang magbukas kami 4 years ago awa ng Diyos. Pero di pa kami nagtaas ng renta kahit minsan. Balak sana namin magtaas sa 2021 after 5 years, pero dahil sa pandemic, iniisip pa namin kung makakabawi na ba ang tenants next year. We will see.
Pasensya na medyo mahaba. Sana nakatulong! 😊
@@PausePraySimplify ate jah na experience ko po nagka tenant ako 7month hnd nagbayad 😔 ..at ask ko lang din po kung nagbibigay pa po ba kayo ng resibo sa mga tenant nio kapag nagbayad na ng rent?
Aduy 7 months? Ang tagal nun. Buti nakakauwi pa sila at nahaharap kayo? Paano nangyari na 7 months?
Yes po, we issue receipts.
Never pa po kami nag-increase ng rent. Supposedly nung 2020 ang plan to increase. Kasi nag-pandemic kaya hinold muna namin.
Thank you po for sharing your knowledge!😊
congratulations...happy for you
Thank u. We are also planning to set- up our own apt rentals. These tips are very useful.
Mam isa din akong landlord and nagvavlog din about rental property. Nablessed ako sa mga shinare mo hindi lang dahil sa mga information kung hindi sa pagpeprayer about rental property. Nablessed ako sayo ng sobra today.
Super helpful ung videos mo sis. Thank you for sharing! Na add ko na din ung OFE sa FB. Godbless! Sna magkaron din kmi ng lakas ng loob sumugal at matupad na din nmin ung apartment plan nmin.
Thank you for sharing maam
Yes po. Tlagang lhat need ipagpray dhil all in all God is d owne,providerr of all d things here on earth .we r only steward..Praise God for your you tube channel..
Tnx po sa info
Thank you po for sharing
I agree with you to pray for your tenants, their jobs b'coz when they are blessed, you are bless as well! Amen!
tnx log s mga tips..matamang salamat and God bless😊
Walang anuman, log! Sadin ang indong rentals?
Hi Janice hope all of you are in good health. Thank you for sharing it's very informative. I'd like to ask how do you tell your tenant to vacate the unit if they're... As you said "misbehaving". TIA God bless
Yes we do have that stuff checked for apartment rentals sa US. And the usual thing, one month advance and one month deposit. Prayer helps a lot.
Thank you for sharing, may I ask how do you reject tenant applications politely if do you think they are not qualified to be a tenant?
Nagkarun ako ng pasaway na boarders tnakbuhan kami may mga gamt clang naiwan kaxma id.buti merun ung mga un..kc hnd cla nagseseen s mga msgs or chat namin kaya ang gnwa nmin pag d cla nkpagsettle irereport namin cla..dhl may mga id's and address kaming hawak..mblis pa s alaskwatro ang pagdtng at pagbayad nla.cmula nun lahat ng tenants q knukuhanan namin ng id at kung san cla nagwowork..🙂😇
Hi ma'am thank you for sharing po 😊
You're welcome, Chess!
And Jaja or Ja or Janice nalang. Wag na Ma'am 😅
Isang filter for us is the Security Deposit. If they can't pay for it up front, then it's a flag na baka hindi nila kaya magbayad ng rent in the future. But then again, as you always said it's not always 100% full proof. Nung pandemic we were lenient on the Security Deposit. :)
I'm.watching vidios. Ma'am how about the water bill? And current bill? What's the process? Thank you po.
Learning a lot from your videos. Can you please do a video about the yearly expenses of having an apartment business? Is it worth having an apartment business? What’s you yearly net income?
Hi ma'am! Just want to know how you deal with late payments.. Do you impose charges for it?
Thank u po sa advices..agree po ako dapat sa lahat ng ating gagawin samahan po ntin ng matinding dasal💖Godbless po💖
God bless you too!!!😊
My bago naman ako na tutunan😊😊😊
Salamuch sa time!!! 😊
Hi ms.Janice new subscriber po sa vlog mo , watching here in Sharjah naka inspired yung vlog mo, apartment my next project.
Hi Elmer! Yey Sharjah!!! Thank you thank you for watching! 😊 May God bless yout future build!!! 🥰
Salamat tangay!
Walang anuman, Tangay! :)
Hi mam, pwede po akong makahingi ng tips about BIR registration at tips sa docs na required para sa BIR na isinasubmit. Ano dapat gawin.
Your blog is so inspiring! and also I got some pretty good ideas like contract/lease agreement for six months. Keep inspiring our kababayan and good luck!!!
Hi Rafael!!! Thank you thank you!!! I'm glad the blog was helpful!!! 😊 it's feedback like this that keeps us going. 😊 By the way, since you mentioned the contract already, we have an important video about it coming up later this week, baka bukas Friday or Saturday. Editing pa ako now😅. It will help you a lot if you have an apartment business or plan to have one. Hope you could be part of our community so you could be updated of our future uploads. 😊
P.S. OFW din ba kayo? If yes, saan po? Thanks for watching!!! 😊
Mam gud pm po...mam ask ko po sana..anu ung possible salary in a mos..dun sa ng mamanage ng rental? ..kc nsa ibang bansa din po ako...thank you po sa tutugon
Hi Ja, thanks for this wonderful video..screening tenants is actually the hardest part in a rental business..so i think the most important thing at the end of the day is a well drafted contract for both parties to have a common written ground rules. goodluck and more power to all landlords out there.
Hi Zaisan! It's my pleasure! I agree. Mahirap talaga magscreen ng tenants lalo na kung nasampolan na ng mga tenants na medyo pasaway. Haysh. I will speak to a lawyer regarding the contract. I'm not sure din kasi if legally binding ba itong ginawa namin na sinignan din naman ng tenants. Sa Dubai oo, yung contents ng contract namin dito pinattern lang namin sa Ejari or sa Standard Lease Agreement doon. Yun lang ang recognized ng government and police. Protected parehas ang landlord and tenant. But I will check din kung pwede talaga siya dito sa Pinas para magamit din dito.
I agree po Maam.Ang galing ng part regarding prayers.One of the most powerful tool sa business.dami kong natutunan sa mga videos mo Maam.
New subscriber here planning to have this kind of investment in the next couple of years from Davao City.
Hi Mark! Yes yes, totoo talaga yun. When we commit something to God, we can expect His guidance and blessing. May the Lord prosper your plan to build!
P.S. Napansin ko dumarami na ang mga Tangay natin sa Davao City! Astig!!! Hello po sa mga taga-Davao!!! 🥰
paano po magpalayas ng tenant? Thanks po
someday magkakaroon din aq nag aprtment business🙏
Amen amen amen!!! 🙏🙏🙏 God bleas your future apartment bhsiness, Marie!!! 😊
Nakalimutan mong i-mention kung ilan Ang require na tao sa bawat unit sa isang kuarto o dalawa
Helo, i share ur belief in GOD' s power over us. Let me share a little about how i filter tenants - i hav a few apartments in MM - i meet all types so there is no foolproof system. I'm strict on 12 PDCs, 2 mos deposit. 2-3 pax only in a room
Hi Bernie! That's a good filter! :) Landlords in MM/ big cities/ or more developed areas can do the same. This will benefit them. Thanks for sharing! :)
Tama ka po ate about sa USA ganyan po dito marami check lalo na credit score
Hi Rhona! Sa US ka pala? Yey!!! Dumadami na ang tangays natin who are watching from the US 🥰 Thanks for watching!
@@PausePraySimplify Yes po lagi ko po pinapanood mga Vlog mo about pg papagawa ng bahay my balak din po kasi ako mg pagawa ng bahay sa Pinas actually marami ako natotona po sainyo umpisa sa Vlog mo po Paano bumili ng Lupa sa Pinas pg nasa abroud ka. Maraming Salamat po sa pg share mo po mga Tips.
@@TeamMcWilliams yey!!! That's good That's good!!! Glad to be of help! 😊 God bless your plans! Happy building soooooon!😊
hi hello po..God bless po...
God bless you too po! 😊
Hi sis Janice ang bait mong lessor sis tama yun sis ipagpray tlg natin na bigyan tayo ni LORD ng mbuting katiwala na tenant at kung may oasaway si LORD na nawa ang gumawa ng way na umalis nlng sila.
Hello Sis! 😊 Apologies for the uber late reply. 🙏 Naku grasya ng Panginoon lang. Minsan mahirap din maging mabait pero ang Panginoon naman ineextend niya ang grace sa atin. And praise God kasi nung nagkaroon ng pasaway na tenants ay Siya na bahala. Umalis nalang ng kusa. Salamat sa Diyos. 😊
ang hinihingi sa US social security at credit check lang yun kasi sa social lalabas na lahat ng info mo
Hi, thank you for this video. Would it be possible to get a copy of the lease contract? Nevermind, I saw your fist video with atty. Many thanks!
Oki po. Noted. Thank you for watching! 😊
Tama po. Kami din lagi kami nagpray na good yung makukuha naming tenants. And thank God, 4 years na yung apartment namin, wala namang malalang tenant kami na naencounter. Thanks po sa mga advice.
Wow!!! Praise God for that! 😊 Mahirap kasi kapag problematic ang tenant. God is good! You are blessed! 😊
I Love watching your Vlogs Ms. Janice! I'm also a Ofw Based in dubai and also planning to build my own apartment business. Hopefully early next year by Gods Grace. Watching your Vlog is a blessing. i love what you've said , that you're praying for your tenants. Looking forward for more tips when it comes to apartment business. More power and God bless you ms. Janice.
Hi Kimpee!!! And hello Dubai!!! :) Natutuwa talaga kami mag-asawa kapag may nanonood na from UAE. Feeling ko may connection talaga :). Mabrooook in advance to your plans to build an apartment business! Lord willing maging maayos ang pagpapatayo and maging full occupancy lagi. God bless you too, Kimpee! Shukran!!! :)
Hello @PausePraySimplify. New sub here. How do you screen your tenants recently? May bago bang pamamaraan o pagtatanong? Bagong landlord po ako and I'm doing a lot of research on how to screen tenants for my place. Thanks in advance for your reply.
Hi Chris! Good afternoon! Sa amin the same pa rin ang mode of screening ko. Wala naman nag-iba and effective pa rin naman siya so far. Ang pinakamagandang tingnan ay yung ugali. 😊
Hi, pls talk about the contract in detail also. And your ROI..thanks
Hello! Sakto po may video na tayo diyan:
Leasw Contact: ua-cam.com/video/lsG5mvjAbUw/v-deo.html
Our Story/How we Started: ua-cam.com/video/AciExYDxj0M/v-deo.html
Magkano na kinita/ROI na ba: ua-cam.com/video/0FjlgbK8nzI/v-deo.html
Pede po bang magpost kayo ng sample ng contract for rentals thanks po.Godbless.
Hi Meldan! We have the sample Tenancy Contract on our Website. Paki tweak/Edit nalang according to your Unit specifications and location. You'll find it here: pausepraysimplify.com/downloads/
👍🏼👍🏼👍🏼
Thank you for another informative video. Question, since you used Kuya Paengs? service before to take care of your apartment, do you treat him as your employee? How do you compensate him? Curious lang how it works kung sakaling hindi mo mismo matutukan ang apartment since ofw ka and you need the help of others to oversee your rental property. Thanks Ja. God bless you both always.
Hi Reyma! 😊 Yes yes, parang ganun na nga. But part-time job niya yung apartment kasi marami rin siyang raket and may business pa kami na isa pa together. So for the apartment, may love gift siya monthly. Ang tasks nya ay yung mag entertain ng inquiries kapag may vacancy (text or online), meet ng tenants for viewing, and rent collection kapag month end. Kung may aayusin, either siya kung kaya or karpentero talaga. Pero hiwalay din yun. 😊
@@PausePraySimplify I see thank your for your response. That makes sense. Part time I mean. Good idea.
Oo, Reyma, kasi di naman siya required magwork doon all day. Pupunta lang pag kailangan na for collections, meter reading, and viewing. Ayun. Okies sige. 👍
Thanks po for sharing👍maam🤩 ..baka may like po ng building apartment🤑sampaloc area.🤑.good location.good investment🤑..25million.nego pa.direct buyers lang po✌.
Is that for cash po?
How do you explain to applicant if you are about to turn them down
Hi Ebenezer! Thanks for your question. Bale sinasabi lang po namin diretso na may tenant requirements din po kami. Like for example may gusto mag rent pero tumutugtog daw sila and medyo maingay during the day, sinasabi namin na hindi po pwede dahil mga nagtatrabaho sa call center ang karamihan ng aming tenants. Kapag sa pera naman kasi ang issue like mataas na rent, kapag di talaga pasok sa budget nila, sila na mismo ang hindi tumutuloy. We also give restrictions against overcrowding as per the Builfing Code. So tinatanong namin agad ilan ang tititra. Kung sobrang dami, we tell them pasensya na and we tell them the truth that (1) it's for their own good dahil 'di maganda overcrowding, and (2) bawal sa batas yun.
Basta importante po say it nicely and be firm. We (landlords) have very right to refuse. That's our property. Pero be nice pa rin tayo.
Pwede po pashare ng contract / lease agreement nyo? Thanks in advance.
Yes po of course. Paki visit nalang po ang website namin. pausepraysimplify.com/downloads/
Best po mapanood ang video Q&A namin with Atty Barney Almazar. Nasa playlist din po nito para magka-idea kayo lalo kasi diniscuss niya doon in detail.
HERE's THE LINK: ua-cam.com/video/lsG5mvjAbUw/v-deo.html
Maam meron po kayo file ng sample ng contract po?
Hi Doro! Punta lang po kayo dito:
pausepraysimplify.com/downloads/
Good day mam Janice, ask ko lang if 1 unit lang ang apartment na paupahan ay need pa bang ipa register sa BIR? and need din ba get business permit? Salamat in advance for your response. Anna
Hello good afternoon po. Technically po lahat ng business ay dapat registered sa BIR. Bahay po ba paparentahan niyo? Kung di halata na parentahan siya, and walang chance na macheck kayo ng BIR, yung ganun po na case na iba ay di na sila nagaregister sa BIR. Lalo na kung isang unit lang. Pero kayo po maga decide niyan kung paparegister kayo or hindi. Thanks for watching! 😊
@@PausePraySimplifyMaraming salamat po mam Janice sa input! Isang lang ito since hindi pa titirahan ng may ari, pa rentahan muna. Bagong gawa ito.Thank you po ulit. Like ko talaga ung mga youtube ninyo!!
What is the best and effective way to evict a none paying tenants? Example they are not paying for 5 months.
Pag kaka alam ko may law po na until 3 months lang na pwede mag stay ang tenants na di nakajabayad after nyan pwede na force eviction with the help of police
Aw, I'm so sorry Karen. Ang haba na ng 5 months. Dahil ba ito sa pandemic? Tama po si Jayz sa comment niya. Sabi sa Rent Control Act 2009, after 3 months na di makabayad ang tenant, saka palang pwede kumuha ng Court Order para maevict ang delinquent na tenant.
How much do charge for security deposit?
Hi! Equivalent to one month's rent.
Do you have this in written form?
Oh sorry, do you mean a blog? No I don't. I realize this playlist doesn't have english subtitles. It's mainly geared towards OFWs. But since a lot of non-Filipino speakers are now watching, I might as well put subtitles. Will do later on.
@@PausePraySimplify
Ok thanks.
Yeah we are planning on owning some rental properties.