How to Use a Condo Unit as a Source of Long Term Income

It is a smart move to invest in real estate properties. These assets increase their value over time and thus consequently increasing its net worth. With the real estate property that you invested in, you are guaranteed to receive a long-term passive income – as long as you manage it well.

Before you spend money on buying a real estate property in San Juan, Batangas though. It is highly recommended that you know the type of property you should invest in and why. There are many real estate options in the market, after all. Considering accessibility, convenience, and luxury, you can say that investing in a condominium may be the right choice.

If you are buying a condo unit, think first whether you will be using this property in San Juan, Batangas as a residential unit or you plan to rent it out. You can decide better on your purchase, especially on the home’s location, if you consider what you will be using the property on. Right now, you want it to be a source of income for yourself.

In that case, you have to consider the building’s location really well. You have to purchase a condo right near business areas. You should also make sure that it is accessible conveniently to public transportation.

Long-term residents are not the only target for your rental. You want to consider buying a property in San Juan, Batangas that is near vacation and tourist spots as well as resort areas. You can offer your place for tourists at a cheaper price compared to that of most hotels.

Be sure to have an idea on what facilities and amenities the condominium you wish to purchase has. You can use these facilities and amenities as a way to doll up your rental listing. You can easily attract prospective tenants if you have a gym, pool, or clubhouse.

The condo unit should also be easily accessible to commercial spaces. Examples of the commercial spaces that you should check out include water refilling stations, laundry shops, restaurants, fast food chains, and the likes. There are many more that you should check out.

Before you rent the property out though, make sure to screen tenants. They should be responsible and financially stable individuals. Ensure that you can get your due when you rent your property out to them.