Who does not want passive income these days. Wouldn’t it be nice to have regular income coming in without much effort on your part. Although there are many ways to earn passive income, being a landlord is probably a very straightforward way. So you decide to buy a residential condo unit, one of the many studio units for sale in Metro Manila. You opted to stick with the big developers: Ayala Land, Megaworld or Robinsons. You then hire an interior designer, furnish it, look for a tenant, maintain it, pay the overhead expenses (insurance, condo dues, tax) and so on. When you decide to sell, you hire a broker, pay capital gains tax and hope that it sells soon and not a year later! This doesn’t sound very passive in my opinion.
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The Philippine law creating REITs or Real Estate Investment Trusts was Republic Act 9856 or the REIT Act of 2009. Its twofold aim is to help finance / develop infrastructure projects and democratize wealth by broadening Filipino participation in real estate ownership.
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philreitinvestor.com 