Leasing/Renting Property out of the country resident

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Member since 15 October 2023

lornacastro02New member15 October 2023 03:03:05

I'm a dual citizen US/Filipino, own a beach resort in the Philippines and wanted to have it rent or lease. Just wanted to know if someone in this forum already experienced this type of case. Any resources to verify about the qualifications of the prospects lessee/tenants and any Legal Forms Lease Agreement example under the Philippine Law and Requirements.

Greatly appreciated, Lori

bigpearl ViP

Member since 27 January 2018

bigpearlViP15 October 2023 03:18:54

3619

Welcome to the forum Lori.

A few questions if that's ok?

Where is this beach resort located?

Lease or sell?

Figures and returns for the last 5/10 years?

Why are you looking to get out?

Cheers, Steve.

lornacastro02 New member

Member since 15 October 2023

lornacastro02New member15 October 2023 03:36:07

Thank you for the welcome!

Pangasinan Ilocos Region

Lease

Just recently opened in January 2023

YTD Net approximately 1.M

"excluding capital"

Time zone and management challenge/I live in the US

Health issues

My best,

bigpearl ViP

Member since 27 January 2018

bigpearlViP15 October 2023 04:01:39

3619

Sell it if you have health issues and focus there. Nett is that 1M pesos or US dollars?

Cheers, Steve.

lornacastro02 New member

Member since 15 October 2023

lornacastro02New member15 October 2023 17:53:12

Thank you ☺️ but my inquiry is about leasing not selling sir!

mugteck Serial expat

Member since 17 May 2022

mugteckSerial expat15 October 2023 18:46:35

714

Thank you ☺️ but my inquiry is about leasing not selling sir!

-@lornacastro02

Best thing about free advice is the price.

Skip Scott Contributor

Member since 04 May 2021

Skip ScottContributor16 October 2023 05:01:31

123

I would recommend you find a real estate agent to manage it for you. They are in country, maybe in/near Pangasinan and have all the means and experience.

I'll send a web site of real estate agenta in a direct message.

Hope you get well soon.

lornacastro02 New member

Member since 15 October 2023

lornacastro02New member16 October 2023 06:46:10

Your suggestion is much appreciated.

teytorres New member

Member since 30 August 2023

teytorresNew member17 October 2023 02:16:14

@lornacastro02 Hello Ms. Lorna. Im a real estate agent here in Pampanga. To be honest, I do not have an experience in managing a resort. But I have some people in mind that might be interested in renting it. I hope we can discuss. Thank you.

lornacastro02 New member

Member since 15 October 2023

lornacastro02New member17 October 2023 04:00:28

#10

Sure we can discuss. If you don't mind, will you let me know your email address so we can discuss it privately.

Thank you kindly,

Lorna

teytorres New member

Member since 30 August 2023

teytorresNew member17 October 2023 05:27:10

#11

@lornacastro02 you may email me at *** Thank you!

Moderated by Cheryl last year
Reason : Contact details
We invite you to read the forum code of conduct

lornacastro02 New member

Member since 15 October 2023

lornacastro02New member17 October 2023 05:36:35

#12

Thank you.

Cheryl Moderator

Member since 15 October 2018

CherylModerator17 October 2023 10:19:14

#13

12560

Hello everyone,

For security measures, contact details should not be posted on the forum, please.

Such information can be shared via the private messaging system.

Cheers,

Cheryl

Expat.com team

Jackson4 Serial expat

Member since 21 July 2018

Jackson4Serial expat17 October 2023 11:13:17

#14

683

What is the ROI for this property?

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