What's a reasonable rent price for a studio type condo in Greenbelt, Makati?
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I want to rent out my studio unit in Legaspi Village which is just behind AIM and a few steps away from the Greenbelt shopping area. It's a 34 sq.m. studio unit with an airy balcony that has a fabulous view of the Legaspi park. It's a new high-rise condo. The unit is fully fitted with built-in furniture including an entertainment center that can accomodate a plasma TV, a mini-bar, a small study and a pull-out bed. The design is very space efficient and provides a lot of breathing space. It's also got hot and cold water straight from the tap and the shower. The building has a nice swimming pool and function rooms. They've also got fabulous and helpful staff who can make you feel that you're in a hotel. The cable connection allows you to view the lobby thru your TV should you wish to check out your visitors before allowing them to come up to your unit.
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Answer:
Buy And Sell is a publication in the Philippines that you can find in almost any 7-11 or convenience store that lists classified ads including ads for condo rentals. They have an online version that is updated quite regularly. I recommend that you browse this site to see what others are asking for the rent of their condos, and use their pricing as part of your formula for determining what to charge. Visit this site: http://www.buyandsellph.com
Gina I at Yahoo! Answers Visit the source
Other answers
A condo in the Manila area sell for about 60-??? USD. If you just want to rent then you have to use the 5% rule. Normally in america it is 10%. Whatever the sales price of the condo would be, then 10% would be the yearly rent. Example: So 100,000 would rent for a little less than 5k a year.
nicelvguy
I believe the best person to ask this question is your building administrator There might be a lot of condo units for rent out there.
Reycen
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