Forbes Hall Manila provides modern, affordable, and secure student-oriented accommodations in the heart of the University Belt of Manila. Based on 2012 data, the U-Belt has over 205,000 students with at least 6,000 foreign student. Fifteen (15) colleges and universities are within 1 kilometer of Forbes Hall.
Coupled with lease management and property management services, Forbes Hall’s dorm units are an attractive hassle-free investment to earn leasing income. Marketing and leasing activities, collection, billing, maintenance, etc. are all handled for the enrolled unit owner, with rental income deposited quarterly to their bank accounts.
Your lease income is derived from the monthly rent of the Student Pods or Double Deck beds in your Forbes Hall unit less the monthly management fee for your unit.
Capital appreciation is the historical rate at which property values increase over a period.
There are 2 ways you earn from rental properties: (1) leasing income and (2) capital appreciation.
Your annual rental income rate plus annual capital appreciation becomes the total yield of your investment.
A key deciding factor in where to place your hard earned money is the return or yield for the investment. Savings account typically pay 0.25% per year with peso time deposit for the P20M & up range at 1.25% per year. The sad news is the inflation rate (Sep 2016) are currently at 1.8%. Which means you are actually losing money keeping it in the bank.
Take a hard look at the investment opportunities offered by modern dorms.
We will look for the tenants for your unit. Managing on-boarding of new dormers, rental collection and remittance of income to you.
We will manage the maintenance of your property. Besides the weekly cleaning, we will see to it that the necessary repairs, if any are needed, are done for your unit. You will have no late night calls complaining of a clogged toilet. We’ll handle it for you.
Billing for water and electricity is paid separately by dormers and billed directly by Property Management to the tenants.
Forbes Hall units are fully-furnished and lease-ready from the start. There’s nothing for you to buy, setup, install, etc. to get it leasable.
Dormitels are a relatively new investment option. Developers used to craft regular condos near universities but soon learned that not all students can afford the rent of a condo and not all investors have the time to actively manage their units. Forbes Hall, for its small number of remaining units, STILL offers one of the lowest priced dorms in the U-Belt, and consequently provide affordable accommodations. All managed worry-free for the unit owner.
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