Leasing out a house or condominium in Clark or Angeles City can give you steady income for years, as long as the groundwork is done properly. This is the checklist we go through with every owner before a property goes on the market.
1. Get your documents in order
Have a copy of the title or Contract to Sell, the latest tax declaration and real property tax receipts ready. For condominiums, ask the building administration for its rules on leasing and move-ins, and settle any unpaid association dues.
2. Decide: furnished or unfurnished?
Furnished homes lease faster to professionals relocating to Clark and command a higher rent, but furniture wears out. Unfurnished homes attract longer-term family tenants. If you furnish, keep it simple, durable and neutral.
3. Fix what a tenant will notice
Leaking taps, tired paint, broken air-conditioning and weak water pressure cost you more in lost interest than they do to repair. A fresh coat of paint and a deep clean are the best money you will spend before listing.
4. Set the right rent
Base it on what comparable homes nearby actually lease for, not what they are listed at. See how we set the right rental rate.
5. Take proper photos
Most tenants decide whether to view from the photos alone. Shoot in daylight, from the corners of each room, with lights on and clutter out of sight.
6. Screen every tenant
Meet them, confirm their employment or business, and call previous landlords. A tenant who pays on time and looks after the home is worth more than a slightly higher rent.
7. Put everything in the lease
- Rent, due date and how it is paid
- Advance and security deposit (commonly one month advance and two months deposit)
- Who pays for which repairs
- Rules on pets, guests, renovations and subleasing
- Renewal, termination and move-out conditions
8. Inspect at move-in, with photos
Walk through the property with the tenant, note the condition of every room and take dated photos. It makes the move-out conversation about deposits straightforward.
9. Plan for maintenance
Set aside part of the rent for repairs, and have a plumber, electrician and air-conditioning technician you trust.
10. Decide who will manage it
If you live abroad or simply do not have the time, a property manager handles rent, repairs and tenants for you. See how our rentals service works.
