Apartment Business Tips | How We COLLECT RENT | Retired OFW
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- Опубліковано 4 лип 2024
- HOW WE COLLECT RENT | PAANO KAMI KUMOLEKTA NG RENTA
I've been asked how we collect rent from our tenants so here it is.
Rent Collection Day is our favorite day 😅, Landlords will agree. In this video, we shared the Best Practices in rent collection abroad and here in the Philippines.
You may choose the option that fits your and your tenants' need.
TIMESTAMPS TO GUIDE YOU:
0:00 Intro to Apartment Rentals
01:24 Best Practices in Rent Collection in Dubai, in US
04:40 Rent Collection in the Philippines
05:30 How We Started, Problems We Encountered
06:40 How We Adjusted: Assigned Apartment Manager
06:58 We Made Rent Payment Terms Flexible
08:00 TOP TIP: Make payment scheme as easy as possible for tenants.
10:40 Be gracious to tenants.
12:05 Takeaway/Summary of Tips
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TO DOWNLOAD THE SAMPLE LEASE OR RENT CONTRACT, please visit our website:
pausepraysimplify.com/downloads/
Note: You may use it as a Template. Please edit the form as needed.
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Please SUBSCRIBE and ring the BELL so you can be notified of our future videos on this series. I hope to upload every Friday/Saturday for this series. bit.ly/3d3NN6O
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 #HowToTurnOverNewApartment
#ApartmentTurnoverChecklist
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OTHER VIDEOS IN OUR CHANNEL:
Our Home Build Journey
• Building our Own Home ...
➡️ Follow our journey!!! :) Weekly Video Updates go live every MONDAY/TUESDAY.
➡️SUBSCRIBE: bit.ly/3d3NN6O
APARTMENT BUSINESS TIPS FOR OFWs:
🎥 bit.ly/3nG8M5A
PABILI NG LUPA SERIES: An OFW's Foolproof Guide to BUYING Residential Land
🎥 bit.ly/2J6FX2Y
Here's our Weeks 1-4 progress:
🎥 bit.ly/3cK9jxw
Why I Stopped Working as an OFW:
🎥 bit.ly/2XHiM4e
My Dubai Experience as an OFW:
🎥 bit.ly/2PgesUs
What OFWs can Learn from the Covid-19 Crisis:
bit.ly/2XeOx4h
For more uplifting content, visit my BLOG at: pausepraysimplify.com
📧 Email me at: poncedeleonjc@gmail.com
📱All videos shot using Samsung Note 9/10, DJI Osmo Pocket. Edited using Kinemaster.
Ang linaw ng pagkaka-deliver! Hindi katulad ng ibang UA-camr daming paligoy-ligoy at halatang hindi nagsulat ng outline. Kudos!
Alangan reporter ang previous job nian sa abroad kaya mgaling mg explain..
Subscribed! My mom can’t manage our apartment business anymore so I needed to take over, pero I’m clueless where to start. Thanks for sharing these helpful tips!
No worries sis! Glad to be of help. 😊
Very infornative.
Ask ko lang kung naniningil ka lang may fee ba from the owner? Hm? Thank you.
Subscribed! This is well outlined and delivered. :D
Very Informative at relevant Ma'am a reliable guide para sa mga young entrepreneur na sasalang sa ganyang negosyo
I truly enjoy watching your videos. Thank you for sharing your ideas.
Will follow your advice Ms. Janice kapag maitayo na ang apartment namin. Thank you so much po 😊.
Thank you for the tip. Very useful.
Salamat po ulit sa pag share ng experience ninyo. Malaking tulong po ito sa amin nag uumpisa pa lang
Thank you for sharing teacher 🥰
Ang galing po..😊 salamat po sa advice ma'am😊🙏
Super helpful
Another informative video again❤️
Thank you ate ja!
Thank you, Victoria! 😊 Tama ba? Para yun pagkakatanda ko. 😊
Thanks po sa advice. Nka plano kasi akong magpa tayo ng apartments this year six units iyong ipapagawa ko.god bless 🙏
Nice tips for rental apartment.
thnx for the very helpful video miss janice.
please make a video on the taxation and tax dues on rental income..im planning to build an apartment hwever, sabi nila malaki daw tax dues...thnx in advance..stay safe.
Plan ko rin magtayo Ng Boarding house ko.. thanks sa mga idea
Nice vlog po. I’m from Abu Dhabi, UAE. Licensed Real Estate Broker. Residential Leasing and Secondary Sales. I’m planning to start my Property Management business in the Philippines. And your videos are so helpful and accurate. Good job! Continue sharing these information to public.
And YES. Landlords are so pampered with Laws and Regulations in UAE. They are protected here.
But the thing I think is lacking in Philippine Real Estate is the standard contract in Renting an Apartment/Condo. The knowledge of Tenants and Landlord’s Obligations and Rights.
God bless you more!
Hi Duke! That's a good plan! Actually malaki ang opportunity diyan lalo na sa mga OFW-owned property. Maraming OFWs ang nay condo pero hirap pagdating sa lease management. May nag-offer sakin dito sa Palawan to manage their property for them because they're overseas. Di ko na naaccept kasi dami ko na ring workload sa aming mga negosyo. Pero there is opportunity there. May malaking gap talaga na need mafill.
As for the lease contract, wala talagang standard dito like the Ejari. So ang ginawa ko, ginaya ko nalang ang lease contract namin/Ejari and kinontextualize ko dito. So far I asked Atty. Barney Almazar regarding it. Okay din daw. I did a video on it din.
Hopefully, magmature na ang market. Mahirap din na walang protection ang landlord, ganun din ang tenant. Madalas takutan lang nagaganap 😅.
Anyhow, mabroooooook in advance! God bless your plans! 😊
Nice po I learn something😊
Very timely...
Very nice tip🤩
Thanks for this video Im also a new Landlord here in the Philippines and a previous OFW,this is very informative.
Hi Joford! Welcome to the industry! Am happy for you!!! We have a whole playlist on Apartment Business Tips. Although yours might be a condo, still it will help you in your rental business. God bless your business! 🙏
Salamat po sa sharing
Salamat po sa info .. sana someday ako rin...mangongolekta.. 😊😊😊
OFW din po ako ngayon dito sa qatar kaka gawa ko lng cheque renewal ng bahay ko ngayon month, salamat din po tip kasi nag pagawa din ako paupahan dyan sa pinas kahit 3 doors lng panimula, god bless po ingat palagi.
Thank you po mam sa info
informative video.....
Hope you made a lot of vid about apartment rentals
Want to ask you about 2 things , 1. What are reliable
Construction company in angeles city ? There is recommended pipe size for small hotel rather than home use ? Thanks 🙏🏼
thanks sa info again👍
No worries po! 😊
Good job
thank you for the information. God bless :)
Just to share po. Based kami sa Metro Manila, we are renting out one house and through broker kasi medyo mahal rent dun. Payment is one time every renewal ng contract. More than 3 years na samin si tenant. Meron kami pinapa rent apartment, ito naman binili namin property from a relative, existing tenant na siya, agreement na is online bank transfer. Actually, nagbigay na silamg PDC samin but may time na dahil sa Covid di namin ma deposit sa bangko. Tenant was kind enough to agree na online transfer tapos as cut na lang mga PDC. A condo unit in Pasig, handled din by a broker. Nagkaron lang ng problem, supposedly, PDC but naki usap si tenant na pay in cash kay broker, si broker magdeposit samin. Ang cut ng broker, every renewal ni tenant, one month mappunta sa kanila. Malaki siya kung malaki yun rent but sobra hassle free for owners.
Wow !!! Im so inspired with your ideas🥰
Very informative
Ma’am tanong ko Lang, subject po ba ang rental business nyo for percentage tax and income tax? Para maka kuha Lang po ng idea.
Its really complicated apakatagal masabi ung "mismong pinaka TIP" daming daldal.... charooot
Hi. What do you mean by "if mag mo-move out sila iaadjust nalang natin ng date"? Gusto ko din po ng apartment in the future. More power, thanks!
Watching frm Saudi Arabia new friend mo ako godbless lods
As someone enteeing the aparrment business your channel is very helpful
Wow! We're glad to be of help! Thanks for joining our growing community! 🥰 God bless your Apartment Business! Exciting yan! 🥰
Hi po! Just subscribed po. Ask ko lang po. Mas okay po ba magpatayo ng
sarili or prefab houses container? Thank you po. God bless.
Hello po mam. Regarding Pag-Ibig. Pano pa yung documents ng isang Apartment business sa Pag-Ibig. Mandatory bang mangdeclare ng employee?
Thanks for the tips po. God bless
Our pleasure po. God bless you too! 😊
Salamat po na pka informative😊👍😍
Our pleasure, JL! Glad to be of help! 😊
Salamat po sa tips.
You're welcome po! Marami pa po tayong videos sa ating Apartment Business Tips Playlist baka po makatulong:
ua-cam.com/play/PL9oboViQy9IoXR1zF7VfPi5x7PakHkJCq.html
Another informative video! Thank you!
Thanks, Dee!!! 😊
Ask ko lng. Nagtataas po ba kayo ng rent sa tenant ninyo yearly or after 2 years?
Total expenses ng lote at apartment plus yun mga extra expenses pa na babayaran like building permit etc..
Tax mo na babayaran yearly..kapag pinaparenta mo or pinagkakakitaan mo..interest sa banko kung mag loan ka ng 25 years or to 35 years?
Plus hindi lahat mauupahan lagi.. meron time na mababakante yun ibang kwarto
Syempre andyan na din yun mga masisiraan ka ng doors, lababo etc..
Tapos ngayon pandemic..
Hindi lahat positive ang income ng apartment..
Thank you for sharing your knowledge on how to collect monthly rentals of landlords to the tenants..
Thank you sa info..
Question nation wide po ito ? Am from albay
New subscriber..
Good PM mam Janice,if 1 unit lang paupa,need ba iregister sa city hall and BIR? Wait for your answer.Thanks!
Mayron po kyo contrata na binibigay sa tenant? At saan po kyo nagppagawa ng contrata?
pano po yung pagbabayad ng tax at ilang percent net profit mam? thanks
hello po. pwde mag ask like sa payment sa bir ano po gingawa nyo. 2 units lng naman pa rent namin then 10K a month lang ang earning. pwde din po mag post kayo like paano gingawa ang journal and ledger. thanks po
Pag nag paupa po ma'am at may property manager na mmamahala mgkano po b or ilang percent ang pra s property manager?
Hello po!
pede po bang malaman kong magkano ang dapat na ibigay sa care taker ng 19 units appartment. thank you po
Janice , Paano kayo kumukuha ng mg tenants ?
Buti nkita ko tong UA-cam mo po, dami ko natutunan sa inyo maam.
Salamat po! Happy to help! 😊
Hello po gusto ko rin po magkaron ng rental business someday, ask ko lang po if may idea kayo magkano magiging gastos sa construction ng 2 storey apartment po na 100 square meter na may 4 units sa baba at 4 units sa taas, with approximately 25 square meter each unit po. Ask ko lang if may idea po kayo kung magkano pagawanpo ng ganun kahit d sobrang elegenat finish yung saktuhan lang po. Thankyou!!
Hello ma’am, nagwowork po ba ang online bank transfer sa foreign bank? like PH bank to US bank po?
1st ulit..😀
Haha! Nice one, Carlo!!! 😊 1st honor 😅
Hi po. Need po ng advice, may property po kami ng wife ko. But we dont know how to start to build an apartment. Sana po matulungan niyo ko.
Hi Ma'am ask ko lng po about contract naman po ano po ung mga dapat nakasaad dun. Ksi sa Pinas po ang hirap mag paalis ng Tenant unlike sa UAE or KSA. OFW po here From KSA planning to make Apartment rin po in PH salamat po ng marami 🙏🏼🙏🏼🙏🏼
Sa isang apartment po Dapat po ba mey 1 month deposit or 1 month advance sa payment?
Thanks for this informative video. Very helpful po, lalo na ngayon pandemic, I agree with you to give grace sa mga tenants na honest naman❤️
Hi Laurenne! My pleasure 😊. Qnd yes, give grace to tenants na honest and mababait naman. Praise God mga tenants namin mababait and walanv pasaway. 😊
Until now nahihilo ako, kung apartment ba? Or boarding house? Or bedspace? Which is better? Hope you have video on that po
No problem collecting rent my problem is how to get good tenants to reduce vacancy rates.
Hi! Am glad you have no issues with collecting rent that's good. Perhaps this video could help you:
ua-cam.com/video/Dtst0B_AvUY/v-deo.html
I interviewed our Tenants who have been there from the beginning (2016) and why they choose to stay long-term in our apartment.
Nag aaccept po ba kayo ng project sa manila?
Hi po, Thanks po sa video nyo for sharing your ideas. I’m also po ofw here in dubai, planning to settle down din soon hopefully sa pinas. Dikitan npo kta, padikit nlng din po. Salamat and Godbless po. Ingat
❤️
Good Job ❣️👍😍❤️❤️❤️🇵🇭
Astig
Thank you madam
You’re welcome bro 😊
Second honor ako 🤣
😂😂😂 cute mo te! 😅
Meron pa jan nagtatago at nglolock ng mga pinto, mhirap din pag minalas ka sa tenant umabot saamin ng 8 months bago napaalis yung ngrent sa bahay namin sows sakit sa ulo
,mam paano ung saken condo unit
may tax din poba yung apartment business?
👌👌👌👌
mode of payment na naun gcash o paymaya
How much do you pay for caretaker?
Wish this made sense instead of all in Taglish. Nose bleed for me. Much success to you and your fellow landlords.
Sa akin nhihirapan ako laki ng mga utang nla 5 months d mkabayad pero nag sample ako isa pinaalis ko
Gumawa po ba kayu ng kasulatan between u and tenant guidelines notarize or with witness ng baranggay? Kasi may iba po na pati barangay or police clearance nirerequire ang uupa kasi may na feature dati sa soco na minasaker ng isang tenant ung katabi nya tenant, nakakatakot din kasi minsan na basta lang magpaupa sa tao may iba pala balak...
Hi! Yes yes may contract kami. We have a video on that:
ua-cam.com/video/lsG5mvjAbUw/v-deo.html
We also screen our Tenants before allowing them to stay in our apartment:
ua-cam.com/video/6x9J0qfivZ4/v-deo.html
You may also check out our Apartment Business Tips Playlist baka may ibang concerns ka na nagawan namin ng video na may be helpful:
ua-cam.com/play/PL9oboViQy9IoXR1zF7VfPi5x7PakHkJCq.html
I'm interested po mgkanu mam
Mahirap maging landlord sa Pinas unless you do a background check. Kailangan may evidence na wla silang bounced checks in their bank history for at least 3 years. At kailangan direct deposit ang pagbabayad para sure na macocollect electronically monthly.
Direct Deposit? Eh paano kung hindi nila ideposito, wala rin bayad, ganoon din. Landlord ako, may nag-dedeposit directly, meron din kahit nasa kontrata na, pahirapan pa rin mag-diriect deposit.
Hello mam..yes that was helpful! .. since I'll be going home I'd like to do same.. rent for business# make xtra income.
Hello! Shalom! Glad to be of help po. 😊
Hello po
How about utility bills? Does the owner includes the utility bills from the payment or the tenant handles the utility (water & electricity) expenses
Same questin here, I want to leanr how to manage utility bills of the tenants
Ma'am pa shout naman po Kay 4man maryo
@PausePraySimplify ilang months po ba ang deposit and ilang months po ang advance na dapat ipatupad ? Thank you🥰
Hi Heidi! 1 month advance and 2 months deposit ang nakasaad sa rent Control Act. Pero sakto may video na tayo for this. Share ko na lang link ha para mas mabigyan ka ng idea at mas marami pang nadiscuss sa video na yun. The advance and deposit are discussed in timestamp 08:40:
ua-cam.com/video/zWq0VVz6bd4/v-deo.html
Hello Maam , tanong ko po sna anung klaseng pa renta ng bhay s inu po bording haus po bh? Or ung typical n mga condo or haus n lot??
Hello po. Sorry po late reply. Apartment po siya. Bale 1 building na 2 storeys, limang pinto po.
hi Ma'am. pwede po mhingi ulit link for sample lease of contract.ayaw po madownload.thank you po and Godbless!
Hello po! Please send an email to the contacts in the About page so I can send you. Thank you.
Pwede po ba malaman kung anong basehan po ng rental na binabyaran ng mga tenant nyo ??
Hi Juvelyn! Sorry late reply 😅. I answered that question here:
ua-cam.com/video/zWq0VVz6bd4/v-deo.html
Paano p Ang tubig at ilaw ma'am,,,Ang renters narin Po ba Ang mag bayad
Hi Guillermo! Yes yes po, of course po ang renters ang magabayad kasi sila po ang gumagamit 😅. Unless nalang po malaki ang charge sa rent and included na siya, depende sa setup ng Landlord and Tenant.
In our case po, we have submeteres. We have a video on that po:
ua-cam.com/video/rqZfD6qqzBw/v-deo.html
Thank you for the advice mam...
Ano po kaya pwede gawin mam kc nung interview po namin siya sbe niya dlaga n mga anak niya..nung lumipat po maliliit pa... tapos po panay hiram ng mga gamit..wala sila gaano gamit.. ndala pa namn po c mama sa panay hiram mga gamit kc minsan hnd na nababalik.. paano po namin sila papaalisin in a nice way... nkkaawa kc binaha pa man sila..then kumpanya po ngbbyar sa rent nila... un nga lesson learned sana inenterview muna ni mama ng mabuti
Naku, I'm so sorry to hear this Stephanie. Ang hirap nga magpaalis lalo na bata pa mga anak niya. By law, hindi sila pwede bata-basta mapaalis unless three months silang di nakapagbayad and may ginagawa silang illegal. And even then kailangan pa ng due process. As to what process that is, hindi ko pa rin na-experience. Praise God!
It's up to you what to do, I cannot dictate. Pero if I were in your place, since binaha sila, I think it's okay to extend some grace muna. I'll lend what I can if that's all right kasi dumaan sila sa delubyo plus may anak pa na maliliit. But if nagsobra-sobra na like after 2 weeks to 1 month hiram pa rin sila and wala pa rin gamit, then I'll talk to the Mom first so I can set boundaries. I will bear in mind to be gracious pa rin sa pakikipag-usap. I'll remind them na lugar lang nirent nila, hindi kasama mga personal naming gamit. Then if that doesn't work, I'll contact the company and tell them the situation. Pero wag naman sana mawalan work yung mommy. Ayun so far ang gagawin ko.
I hope ma-resolve soon. Walang gustong bahain, wala ring landlord na gusto ng medyo difficult na tenants. But in this case hindi naman nila ginusto. I hope this helps. God bless your heart! :)
@@PausePraySimplify Awe thank you so much maam❤ Yes po nkausap ko sila maayos mam... hindi nga po nagpaala bgla nlng may dog na inadopt e nklagay sa kontrata bawal ang pets.. nakiusap na din sila na hnd magging burden ung dog.. nkkahiya kc sa ibang tenant lalo na pag tahol na ng tahol pag gabi... meron nman po sila copy ng lease of contract at mga policy kaso may ibang tennat po tlga sakit sa ulo... buti nlng mabait c Lord kc mostly ung nagttagal samin mbabait at magaling magbayad plus marunong din makisma kaya ayun po sinusuklian din namin ng kabutihan.. hnd lang tlga maiwasan na may ibang tenant sakit sa ulo...
THANK you po Mam sa advice..I will keep that n mind po❤🔥
Terrado family house and lot
In America, we do use cashiers checks, not personal checks. Cashiers checks are as good as cash.
That's good. Thanks for the info! 😊
New babies here madam
Hello po Ms. Janice, Newbie lang po and about to start in rental business. Tanong ko po, magkano po ba ang binibigay na commission sa agent? Saka paano po sila binabayaran? Thanks so much - Dennis
Here in Canada, rental agents and even property managers take a cut equal to a month’s rent. They are paid by cheque from the landlord once the rental agreement is signed.
@@TheMaiah13 thanks po for your reply.
Kapag check po ba ang payment, kailangan ba bayaran agad ni tenant yung buong terms ng tenancy? Kunwari for 3 years term tpos 10k per month ang rental. Kailangan na po ba bayaran agad yun at once ung whole 3 years term through check payment? Thanks
Hi Felix! Depende po sa lease contract. Sa Dubai oo ganun. So kami halimbawa quarterly ang payment ng rent, we give 4 cheques. If monthly, ganun din.
I'm not sure here in the Philippines. But it's for your safety na rin if it's a three-year rent as per your contract, issuehan ka na nila ng 36 post-dated cheques. Kasi mahirap kung sa Year 1 lang, then kukulitin mo na naman sila for the next year and then the next year.
@@PausePraySimplify ah okay maam. Thank you for sharing this information. Napakarami kong natutunan sa vlog ninyo. :)
how about contract terms and condition?
Hi Joe! We have a video on that here:
ua-cam.com/video/lsG5mvjAbUw/v-deo.html
Meron.po ba kayo apartment mlapit sa palengke ng Puerto prinssesa mgkano po.upa monthly
Hello! Meron po kaming Apartment na nasa Tres, sa may Wescom Road po. ua-cam.com/video/adC604pehE4/v-deo.html
Yan po mababakante sa April 20, 2022. P9k to P10k po.