Buying a Torre Lorenzo condo as investment
MANILA, Philippines - Acquiring real estate properties can be a great alternative or addition to a person’s investment portfolio. But the nitty-gritty of sourcing for tenants, leasing and other property management issues may be taxing for many.
“Dealing with tenants and general property management concerns can give landlords plenty of headaches,” says Torre Lorenzo marketing manager Aika Nicolas. “This is especially true for neophyte investors and those who have full-time careers or are tending to multiple investments.”
Torre Lorenzo addresses this issue with RAMP or Rental Assistance Management Program, the company’s exclusive service offer to all unit owners of Torre Lorenzo projects.
The core objective of the program is to assist owners in maximizing their investments by securing the best returns. It eliminates all the difficulties of landlordship, so investors can just sit back and watch their earnings grow without lifting a finger.
“RAMP will ensure that the investments of unit owners will be managed and cared for properly while raking in periodic earnings,” added Nicolas.
Similar existing programs from other developments have limited scope of services. Here, the owners have to directly market their units to prospective tenants or with third party agents. Under RAMP, the team behind Torre Lorenzo property management will take charge of looking for potential lessees for the owners, provide furnishing and home stage the suite to jack up its marketability, and handle all the paperwork involved, including preparation and renewal of contracts.
Should interested parties require an ocular, the RAMP team will negotiate with both prospective and renewing tenants on the owner’s behalf, and manage the entire process of moving in or moving out.
To protect the properties from gradual wear and tear, RAMP will also oversee the periodic unit maintenance and propose necessary actions in accordance with the company’s stringent quality standards.
But what makes RAMP really stand out is its promise of guaranteed monthly income whether the enrollee’s unit is currently occupied or not. Its scheme involves pooling the units to be leased and sharing in its consolidated earnings, dividing the income to all RAMP participants on a per square meter basis. This means the bigger the unit’s floor area, the larger payoff for the owner.
Torre Lorenzo truly believes in the earning potential of its projects and RAMP is designed to maximise profits with the least efforts on the part of its buyers. The only requirement is a one-time joining fee, which serves as the working capital to furnish the suites. Enrollments are scheduled every February of each year.
To know more about RAMP, visit www.torrelorenzo.com.ph or contact (632) 400-0131.
Torre Lorenzo is the real estate developer of groundbreaking projects such as Torre Central, a 30-storey low density residential project that is just a few steps away from the University of Santo Tomas, Torre Sur, a 15-storey residential building located along Alabang-Zapote Road, 2 Torre Lorenzo and its maiden project Torre Lorenzo both situated along Taft Avenue. All Torre Lorenzo developments are tailor fit for specific market segments such as students, young professionals and start-up families and located in key cities in the Metro, offering modern convenient lifestyle to its residents.
