HOW TO MAXIMIZE INCOME OF RENTAL PROPERTIES

Very soon, as the effects of the global recession is slowly being felt locally, lessors will experience declining demand for rental properties, defaults in payment of rents and other numerous problems. This, in addition to normal problems such as maintenance, taxes and business permits.
While these situations provide good business opportunities to other real estate investors who possess management skills and know-how to overcome such problems, present owners and lessors should now aim to gain more skills and knowledge to be able to prevent or solve the aforesaid problems and avoid unwarranted sale and liquidation of their properties.
For present and would-be-owners of rental properties, URBAN Institute will conduct a seminar on “How to Manage and Maximize Income of Rental Properties” on March 18, 1:30 to 6:00 PM at the Maximo Function Room, Max’s Restaurant, 2nd Level, Gateway Mall, Araneta Center, Cubao, Quezon City.
The seminar will cover the following topics: principles and techniques of property management; the property management functions, objectives, organization and designations; important and must-include provisions in the lease contract; advertising; correct tenant selection; how to retain good tenants; how to solve common problems with tenants; rent escalation clauses; collection techniques; property maintenance; how to avoid unnecessary repair expenses; insurance; budgeting and recording; hiring professional property managers; management contracts; and other related subjects.