Why Investing in Property is a Smart Move (And Why You Need A Property Manager)
When it comes to building wealth or preparing for retirement, investing in real estate is the fastest way to do so. Many of the world’s wealthy people built their fortunes from real estate. A famous quote by Andrew Carnegie, who built the American steel industry, says, “90% of all millionaires become so through owning real estate.”
But with Australian real estate's skyrocketing prices, many wonder if becoming an investor is still within their reach.
The answer is yes.
When it comes to real estate investing, sometimes it pays to think outside the box. Or should we say, think outside Australia?
Investing overseas can be a smart way to tap into emerging economies and expand your portfolio.
At RPN, we have extensive expertise investing in the Philippines’ vibrant capital, Manila.
Manila is a melting pot of history, culture, and booming business. It also has a growing young population, a rising middle class, and an increasing demand for quality housing. For these reasons, Manila offers savvy investors a significant capital appreciation potential.
But what exactly makes Manila such a great place to invest in property, and how can you ensure your investment thrives?
A Flourishing Market:
Manila's property market boasts several advantages for investors:
- Affordable Entry Point: Compared to Southeast Asian markets such as Singapore, Manila offers relatively inexpensive properties. This allows you to enter the market with a smaller investment and potentially see higher returns.
- Growing Rental Demand: With a significant young population and a thriving business sector, Manila is experiencing a surge in demand for rental properties. This translates to consistent rental income for your investment.
- Potential for Capital Appreciation: The Philippine economy is on an upward trajectory, and Manila is at the heart of this growth. Property values are expected to rise as the city develops, offering long-term capital gains.
Beyond the Numbers
While the economic factors are enticing, Manila offers more than a good investment return. The city has a rich culture, stunning historical sites, and a vibrant lifestyle. Investing in Manila allows you to be part of a dynamic and exciting city.
The Power of a Property Manager
Investing overseas means someone needs to manage your property. Unless you plan to travel to Manila regularly, finding a property manager you can trust and one who knows the local market inside out is crucial.
While managing your own property might seem appealing for cost savings, the benefits of hiring a property manager far outweigh the initial investment. Here's why:
- Knowledge of the local market: Knowledgeable property managers understand the value and potential rent of the property, as well as any local regulations that may be applicable.
- Expertise and Time-Saving: Property managers are well-versed in the legalities of renting and maintaining a property. They'll handle tenant screening, lease agreements, and rent collection and ensure you comply with all regulations. This saves you significant time and allows you to focus on other aspects of your life or business.
- Finding Ideal Tenants: A good property manager has the experience and network to find qualified tenants who will take good care of your property and pay rent on time. This minimises the risk of vacancies and late payments, ensuring a steady income stream.
- Maintenance and Repairs: Property managers have established relationships with reliable contractors and can efficiently handle repairs and maintenance issues. This prevents minor problems from escalating into major ones and protects the value of your investment.
- Peace of Mind: Knowing your property is in the hands of a professional allows you to relax and enjoy the benefits of your investment. Property managers will update you on any issues and handle them promptly, giving you peace of mind.
Finding the Right Property Manager
Not all property managers are created equal. At RPN Global Sales, we have a proven track record, experience in the Manila property market, and a strong reputation for customer service. Our experienced and qualified property managers can ensure your investment runs smoothly and yield the maximum possible return. Contact us today and find out how we can help you get started on your property investment journey.
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