“Rents which we thought we would get in two years we’re getting now,” said Beth Collingz, a managing director in Metro Manila of the Condotel Marketing arm of PLC Global Pinoy, the International marketing partner of Pacific Concord Properties’ Lancaster Brand of Condo Hotels in the Philippines. Collingz expects rental income to rise 15 percent in the coming 12 months…
Tag: Rents
It S A High Price To Live In The City
In any city where the majority of people are renters, the projected rise of a 5% increase in rent is anything but good news. Over 61% of households in Los Angeles are inhabited by renters; one of the highest rates in the country. Under the city’s Rent Stabilization Ordinance (which limits annual rent increases to about 3%, as long as…
Buying Rental Properties Some Tips
Buying rental properties can be a great way to build your wealth. However, as in most real estate investment, it is sometimes difficult to know if you’ve found a good deal – especially the first time. Here are some things to look for to be sure that rental is a great investment. 1. Location. If traffic is heavier, rentals are…