Thursday, August 2, 2012

Find Houses for Rent in Makati for Upscale City Living

Makati is the financial center of the Philippines and is home to half a million people. It is the 44th most densely populated city in the world, as over 18,500 people occupy the place. The city's business activity provides jobs to many of these people, making it a good idea to start a business in a Makati office space.

Formerly San Pedro de Macati, this city has a long and rich history. It had a population of about 25,000. At the end of the Second World War, however, the town began to grow. Makati has been the nation's financial and commercial capital since the 1970s. Many of its areas have subsequently given way to Makati office spaces and residences.

There are many houses for rent in Makati for you and your family. Find a house, apartment, or a condo unit online, as several firms that offer residences have websites to make your search easier. They offer living spaces for rent in different locales, including cities surrounding Makati.

If you like to shop, the city offers several opportunities. Shopping malls like Glorietta, the Rockwell Center, Greenbelt, and ShoeMart stand on kilometers of real estate in the area. Stay in one of the houses for rent in Makati and join many people who frequent the retail outlets in the city. Check out the online real estate firms that provide easy access to land and building owners in Makati and other surrounding cities. Get a place minutes away from Quezon City, Pasay City, Caloocan, and other areas, accessible through affordable public transportation. If you drive, you can also find many vehicles for sale or rent in Makati. Get a map online to locate several car showrooms, or to contact vehicle owners who would like to sell or rent out their automobiles.

If you or a loved one would like to study, or work in education, Makati has many schools and universities you can visit. Ateneo de Manila Professional Schools has its main campus at the Rockwell Center. This Ateneo branch houses their Law School, Graduate School of Business, and School of Government. In nearby Salcedo Village, where you can rent a house, you will also find the Ateneo Information Technology Institute. For business professionals, the renowned Asian Institute of Management is a good choice. Other learning institutions include the Mapua Institute of Technology, Centro Escolar University, and the University of Makati.

City services are good and reliable, making the city a great place to find living or office spaces. In Legaspi Village, where you can find houses for rent in Makati, the Makati Medical Center offers its modern medical services. Contact a firm to find residences in San Lorenzo, Urdaneta, Magallanes, Bel-Air, San Miguel, and other beautiful communities. Despite the city's significant population, Makati offers many jobs and business opportunities, making it a great choice for those looking to experience the city life.

Tuesday, July 31, 2012

Tips For Homeowners Offering Their Houses For Rent - Make Sure You Benefit From The Rental Plan

People need accommodations to reside in, and as far as availing a residence is concerned, one can either own it or rent it. While affording families prefer to own their homes, the vast majority of the home occupiers find house rental a much feasible and viable option. Many homeowners advertise their houses for rent in newspapers, and if the rental plans provided by them are quite affordable to the tenants, the tenants tend to contact the property owners personally to check out the dwellings. Letting out homes can lead to complications or problems in the future, if the rental process is not done in the correct manner. The following pointers may help property owners in working out their rental plans in a more profitable way, and what kind of precautions one has to take to avoid costly litigation.

    Work our your rental plan:
    Income derived from rent can be taxed, and there're state government rules which need to be followed while letting your property. First of all, while advertising homes for rent, you need to determine which market segment your property belongs to. Your rental plan will depend upon that. If your property belongs to DSS, HMO or "houses in multiple occupations", or the student sector category, you need to thoroughly understand the rental rules and regulations, since a wrongly drafted rental plan could be legally challenged and you could face litigations. It's suggested you check out the housing benefits system and the HMO rules, and draft your rental plan in accordance to the guidelines stated by the statute. If your assets belong to the "working and professional", or "professionals and company" category, chances are you're likely to face fewer problems and issues if you choose your tenants carefully. Moreover, from a practical basis, if your rental plan supports affordable monthly rental amount, or the rent you desire to get from your tenant is in line with the rent charged by other property owners in the same area, you're more likely to let your property within a short duration of time. Excessive rent leads to unoccupied dwellings for extended time.
    Know the legal rules:
    All types of rental plans are subject to local judicial regulations. It's beneficial to consult an attorney and know precisely which category your property belongs to, and what kinds of term and conditions you need to, and can, include in your rental draft. You might be required to get land lording permission from the building and environment health department, or the local authority planning, building and health departments. If you have an ongoing mortgage on the property you're planning to let, you might be required to get consent from your mortgage company to let your property. In certain states and counties you need to have your property insured. It's very important to have the documentation and paperwork in order, and in accordance to the law.
    Check the tenant's background:
    Not all tenants are honest. A person responding to your rental homes advertisement and applying for the tenancy might have a criminal record, and could still be engaged in illegal activities. Letting your home to such a tenant might invite law enforcement checks and visits from the sheriff or police personnel, which might prove to be awkward or embarrassing to the property owner. It pays in the end to be safe by checking the past-history of the person whom you plan to rent your property. It's recommended your screen and verify your tenant before finalizing the rental plan and handing over the home keys.
    Make sure you get your monthly rent on time:
    More and more individuals default everyday on their monthly payments due to various reasons. There's nothing more frustrating for a homeowner than a tenant who doesn't pay monthly rent on time. It's worth checking the credit card ratings and FICO scores of the tenant before letting your home. Checking out the credit history can give you a good idea how regular the individual is in making payments on time.
    Find out about security deposit laws:
    Homeowners offering rental houses generally charge a certain amount in advance as "guarantee money" - the security deposit. Usually, this amount is equal to one month's pay. The amount is charged in advance as a security in case the tenant is unable, or refuses to pay for any damages or rent arrears. One should handle this advance payment with integrity and return it back to the tenant within the stipulated time when the tenant vacates the home. As per the tenancy deposit rules, it might be mandatory for you to participate in a tenancy deposit scheme, and you might be required to inform the tenant about which scheme you're participating in within 14 days of taking it. Failure to do so might incur fines up to 3 times the monthly rental you're going to charge from your tenant as per section 21 of the Housing Act 1988. The tenancy application form and the tenancy agreement should explain the legal procedure in details, and the tenant should thoroughly read the form and understand it before signing it and making it official.

These pointers can help you in drafting your rental agreement, help you work out and advise you how to go about your rental plan, and make sure you benefit through a successful rental plan. The best medium to advertise your homes for rent would be online companies such as RentalCluster which can effectively advertise your assets and promote your home to a vast rental audience. Several rental sites require the homeowner to register online before he or she can advertise his or her home or property on the portal.