How OFWS Manage Their Condo While Working Abroad

Jun 13, 2022

What’s about to be read in this article are possible ways of managing properties in the Philippines from abroad. Most Filipinos work abroad to capitalize on having a stronger currency to earn a larger amount of money than when working in the Philippines.

Sadly, the diaspora extends to the gravity of having licensed professionals leave the country for a job completely unrelated to any degree they finish. The Filipino dream was never about going abroad. It has always been about providing more for their families, having the financial capacity to plan a family at an early enough age to enjoy their family life, and at the same time earn more money to comfortably invest while keeping liquidity at bay.

The lives of Overseas Filipino Workers put so many things at stake. They leave the places they grew up to be in unknown cities—yes, it’s good for adventure, but at the same time, it’s bittersweet, especially for married couples or starting families who realize the need for investments. People leave to fend for their families, knowing it’s still for the best—they go home with children who grew up without them.

There are many reasons why OFWs should invest in real estate. It secures money against inflation, and it’s a tangible investment that could be passed on to the next generation. With the right choice of property, it would yield a continuous stream of income—less worrying about running out of money every payday, children’s education, basic daily needs, and retirement.

How do OFWs manage their properties while living or working outside the Philippines?

Quite a challenge, right? It would be ideal if the money they work so hard for could easily be handed over to a spouse who has the commitment or financial intelligence to grow it rather than spend it—I ever wondered how Filipinos who live outside the Philippines for a long time get to come home and comfortably retire? These are most likely the things they are doing.

They find a person or a company in the Philippines that they trust enough with their money. 

Regarding real estate investment, Filipinos offshore can already manage their payments through digital banking. That’s less the worry of finding out their dues weren’t paid. Having a spouse or family member that can manage finances is a blessing. But since this might not be necessary, Filipinos partner with Vista Residences Inc. in terms of real estate investing, explicitly choosing condominium properties. 

The company offers condominium properties in major cities of the Philippines such as Metro Manila, Cagayan de Oro, Baguio City, and Cebu City, so the company does not only have the confidence of the investors but also partners with the government in developing more number of progressive cities where Filipinos could capitalize on. 

Having a real estate property in the most progressive cities ensures that the value only appreciates over time. But this idea of trusting a good company is too general; let’s get into more details. In terms of having trustworthy people, when a condominium property is available for rental, they could take care of the operations that include cleaning, housekeeping, maintenance, and entertaining questions and needs of renters. 

Partner with Vista Residences

Indeed, Airbnb is an excellent website to work on, but the backend work of finding people to work on the maintenance and customer service might not be too easy. This is when a good company or developer joins in. Vista Residences Leasing Group will take good care of the property and customers while the unit owner can receive the rental income worry-free. Seems fair, right? For worry-free leasing and management of your Vista Residences unit, Call (0968) 694 3504 or email [email protected].

A real estate property becomes an investment only when people use it to earn from rentals. Remember that the Philippines has many tourist destinations that are incomparable around the world. Metro Manila is a good stop for historical places and business hubs, Baguio city will attract everyone for its great weather, mountains for hiking, and quality education, Cebu City, is another center for trade with its close location to the coastlines, hospitable citizens, and world-class talents that makes it attractive to multinational companies to do their sourcing.

What does a Property by Vista have for an investor?

An investor will have an exclusive right to own the unit and can pass it on or sell it as they are provided with a Condominium Certificate of Title (CCT). Every condominium by Vista is equipped with 24-hour security cameras, a swimming pool, a function room, fitness and wellness gym. 

These features help make sure that the unit is attractive to long-term or short-term renters. Everything about it puts value on peace of mind and ease of business.

Picture a professional who travels for work and needs a place near a business hub. All the central banks are in the area, with great places for business meetings and easy access to shopping malls. After all, everything is about ease—people would pay for comfort and speed of transactions. Virtual tours are already available on the company website if one cannot travel and have a glimpse of the condo unit.

How does one know Condo Investing is the best option?

Yes, Real Estate cannot quickly be sold during emergencies; at the same time, it’s only wise that Vista Residences helps rent it out. Imagine putting all money into investments while cash is not readily available for emergencies.

It’s never wise to chew more than one can swallow, which is why Real Estate Agents can help answer queries and plan out such long-term investments. Payment terms are available to make it all more accessible and to buy an investor some time to build wealth faster so that payments in full can be expedited.

The website’s FAQs are available, or online representatives can be consulted for more information.

For more information on Vista Residences, email [email protected], follow @VistaResidencesOfficial on Facebook, Twitter, Instagram, and YouTube, or call the Marketing Office at 0999 886 4262 / 0917 582 5167.      

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