I know I would! I believe that passive income through rental properties is like the “Holy Grail” when it comes to real estate investing.
After all, investing in rental properties is as easy as buying a cheap foreclosed property, fixing it up, renting it out, then you get your passive income, and you are set for life right?
Think about it…
- How would you know if a target rental property is a worthy investment?
- How do you determine projected cashflow, internal rate of return, while considering factors like inflation, etc.?
- What are the risks?
- How about the legal aspects of leasing?
- How about the real estate taxes that apply to leasing?
Here’s the clincher:
- How do you avoid tenants from hell?! (or how do you deal with them?!)
Fortunately, these topics are covered in the upcoming “Mentoring Course on Leasing Real Properties” which is being offered by the Urban Institute of Real Estate by Engineer Enrico S. Cruz.
I look forward to attending this course myself! If you are also interested in rental property investing, I look forward to seeing you there!
Details about the mentoring course can be seen below.
MENTORING COURSE ON
LEASING REAL PROPERTIES
VENUE: Don Jose Yulo Caseroom, AIM-ACCEED, Asian Institute of Management (AIM), Benavides corner Trasierra Sts, Legaspi Village, Makati City
SCHEDULE OF TOPICS
TIME: 1:15PM to 6:45 PM
- June 26 – RETURN & RISKS ANALYSIS OF RENTAL PROPERTIES
- July 3 – HOW TO’S OF COMPUTATIONS NEEDED IN RETURN ANALYSIS USING COMPUTER SPREADSHEET (Includes preparing an applicable return analysis template)
- July 10 – LEGAL ASPECTS OF BUYING & LEASING PROPERTIES
- July 17 – TAXATION OF BUYING & LEASING REAL PROPERTIES
- July 24 – HOW TO MAXIMIZE INCOME OF RENTAL PROPERTIES
For more details and inquiries, please call/text Urban Institute of Real Estate through the following:
PLEASE FORWARD TO YOUR FRIENDS AND ASSOCIATES IN REAL ESTATE
URBAN INSTITUTE OF REAL ESTATE
RETURN & RISKS ANALYSIS OF RENTAL PROPERTIES
Starts with a detailed explanation of how interest rate is determined and comparison of interest income of money in bank with that of income on leasing real properties, with the effects of inflation factored in. There will be discussions on the different real properties for lease from a simple vacant lot to commercial properties and determination of what should be the rent for a particular property and how would this be determined. Also the effect of using borrowed money on profitability. Then the main topic of how to analyze various properties as to potential return on equity and accompanying risks. Covers the theories of investment analysis more particularly on return/risk analysis explaining the various methods from simple payback period method and accounting rate of return method to the now widely acceptable Net Present Value (NPV) Method and the Internal Rate of Return (IRR) Method.
(Please bring your laptop)
HOW TO’S OF COMPUTATIONS NEEDED IN RETURN ANALYSIS
USING COMPUTER SPREADSHEET
(includes preparing an applicable return analysis template)
Covers the computation aspect of investment analysis from the outmoded use of formulas of Mathematics of Investments to the quicker way of computing with the use of financial calculators and computer spreadsheets such as Microsoft Excel. The class will actually do the preparation of a financial template that would be usable for future investments and “what if” analysis of various rental properties. The participants, after this session, are expected to be able to prepare a project cash flow, compute for the Net Present Value and compute the Return on Equity thru the Internal Rate of return Method of a simple rental property.
LEGAL ASPECTS OF REAL ESTATE SALES & LEASES
Lecturer: Atty. Rex Enrico V. Cruz III
Anyone who intends to acquire a peace of real estate or who intends to go into any real estate business should be aware of the importance of knowing the different legal aspects of a real estate transaction. This will prevent being swindled or victimized by unscrupulous operators and in other cases avoid misunderstandings that may result to expensive and time consuming judicial court proceedings.
This lecture will cover the basic laws on Sales and Lease more particularly on contract of sales and contract of lease, legal letters and notices, ejectment and many other legal questions.
TAXATION OF REAL ESTATE SALES AND LEASES
In any real estate investment or project, all the revenues and expenses were estimated and pre-determined at its very start or conception, serving as the basis for the acceptance or rejection of the proposed investment. The realization of the projected revenues and expenses can negatively be affected by unforeseen events. One of such is tax penalties and surcharges that can be brought about by neglect, ignorance or incapacity to pay on the part of the investor. Considering that there are frequent changes and issuances of new revenue regulations, new and would be investors and even experienced ones should be knowledgeable and updated on the changes in the taxation rules in order to pay the correct taxes at the right time, thus avoiding penalties. Includes detailed lectures on Capital Gain Tax, withholding Tax, Documentary Stamp Tax, Value Added Tax and all taxes to be paid in connection with buying, leasing and selling real properties. This also includes what taxes to pay in any real estate transaction, basis and how to compute taxes, when and where to pay, BIR forms, exemptions from taxes.
HOW TO MANAGE AND MAXIMIZE INCOMES OF RENTAL PROPERTIES
The common mounting problem of property lessors, who are sometimes forced to sell their properties are, among others, high vacancy, defaulting and problematic tenants, increasing cost of repair and maintenance, increasing property taxes and harsh zoning ordinances and others.
While these situations provide good business opportunities to other real estate investors who have management skills and know-how to overcome such problems, present owners should also aim to gain more skills and knowledge to avoid such unwarranted liquidation of their properties.
The seminar will cover the following topics: reasons for property management; the property management functions, objectives, organization and designations; important and must-include provisions in the lease contract; advertising; correct tenant selection; how to retain good tenants; how to solve common problems with tenants; rent escalation clauses; collection techniques; property maintenance; how to avoid unnecessary repair expenses; insurance; budgeting and recording; hiring professional property managers; management contracts; and other related subjects.
ENGR. ENRICO S. CRUZ has almost 40 years of working experience in the field of engineering, construction, real estate and education. As a Civil Engineer, he taught after graduation for five years in his alma mater, Central Colleges of the Philippines and at the same time, he manages his own construction company, Enrico Engineering and Management Services. He was the Vice-Dean for Engineering for two years.
He placed 1st in the real estate appraisal board examination in 1994 and 8th in the real estate broker’s board examination in 1988. He is also a licensed real estate consultant and a real estate fellow.
His past membership in real estate organizations includes the Chamber of Real Estate and Builders Associations, Inc. (CREBA), Real Estate Brokers Association of the Philippines (REBAP), where he was past president of the Marikina Chapter and Philippine Council of Real Estate Educators (PHILCORE).
At present, he is the President of URBAN Institute of Real Estate engaged in real estate education; United Realty Brokers and Appraisers Network, engaged in realty brokerage, appraisal and consultancy. He is also the former Chief Operating Officer of First Amson Realty Development Corp. that was involved in housing and land development.
Author of “Comprehensive Notes and Reviewer for Real Estate Brokers” and “Mastering the Real Estate Broker’s Exam” and handouts/study materials for various real estate seminars.
ATTY. REX ENRICO DV CRUZ III
A lawyer by profession but an educator by heart.
Rex Cruz has a degree in Bachelor of Science in Commerce Major in Legal Management from De La Salle University – Manila. After graduation in 1992, he went to law school and obtained his Bachelors of Laws from San Sebastian College Recoletos. He became a member of Philippine Bar in 1998.
He first made use of his law degree as professor in prestigious educational institutions such as De La Salle University and East Asia College, where he has been a part-time faculty member for more than 10 years now. He teaches various commercial law subjects and business courses. He is likewise a regular lecturer at the URBAN Institute of Real Estate.
Among his professional exposure is a stint in the Philippine Senate as a Legislative Staff Officer in the Office of Senator Nikki Coseteng and Freddie Webb and later as Consultant to the President, serving as the Chief of the Legal Division of the Cooperative Development Authority.
At present, he is one of the Assistant Vice Presidents in the Legal Department of SM Investment Corporation. He also maintains a modest law office and serves as adviser to a number of national and local government officials.
Being a Licensed Real Estate Broker himself, Rex also serves as consultant Realty Plus Property Professionals, Inc., a full service real estate firm.
SEMINAR FEES, DISCOUNTS AND HOW TO REGISTER
SEMINAR FEE : Seminar fee is P8,000.00 per participant, inclusive of venue (with coffee but no snacks), handouts, and certificate of attendance.
Early bird discount of P800.00. (As explained below)
HOW TO REGISTER
- You can avail of the early bird discount
- You are assured of your seat
- You don’t have to come too early
If agreeable to all the conditions herein and to be registered for any seminar day, deposit to BPI Account No. 4520-0002-38, account name of Urban Institute of Real Estate; Sta. Elena, Marikina Branch, as follows:
- If made on or before June 16, the discounted amount is P7,200.00.
- If made thereafter, no more early bird discount, deposit P8,000.00. Last day for making pre-paid registration is two (2) banking days before the seminar day. Deposits made thereafter will be considered simply as a first-come-first serve basis and not as pre-paid registrations.
Before making the deposit, you must first verify availability of slots thru text or calling our given contact numbers.
After making the deposit, please immediately text us your name, date deposited, branch where deposit was made, and the code number of the machine validation in the deposit slip.
URBAN Institute will confirm your registration and reservation by sending you a CONFIRMATION NOTICE by text message, which you have to bring together with the original deposit slip on the seminar day. Deposits without CONFIRMATION NOTICE will not be considered as pre-paid registration.
On-the-day registration is also acceptable but on a first-come-first-serve basis only.
However, to avoid any inconvenience, it is advisable to call us on the day of the seminar or preferably, a day before, to verify the number of remaining slots.
URBAN INSTUTE POLICY ON CANCELLATION OF SEMINAR
1.) Your right to cancel. Once you have made a reservation to attend a seminar, you may still cancel your reservation seven (7) days before the seminar takes place and this will entitle you to a full refund of your payments. No refund shall be made if cancellation is made within seven (7) days of the seminar date.
2.) How to cancel. To cancel a reservation, you must inform us in writing. You can do this by emailing us at [email protected] Notice made by mail is considered receive only on the actual date of receipt.
3.) Changes and cancellation. We reserve the right to cancel or alter the date(s), change the venue or change the speakers for any seminar or topic. In the event that we need to cancel or change a scheduled seminar due to severe weather condition, illness, political/social unrest and whatever other reasons, we will inform you by texting or email through the cell phone number or email address that you have supplied us during your inquiries. We will give you as much time as is reasonably practicable in all the circumstances.
4.) Refund of Seminar Fees. If entitled to refund, this shall be deposited, within thirty (30) days from the day we receive your cancellation, to your bank account which you have to give us by email and providing the following information: account number, account name, name of bank, and what branch.
5.) If we make changes to or cancel a seminar we will make every effort to reschedule the seminar for a later date. If we do reschedule the seminar we will notify you in writing of the new dates, times and venues using your email address. On receipt of this update email you have the right to cancel your booking and receive a full refund. The time condition for cancellation above-mentioned will apply as if a new reservation had been made.
- The purpose of all participants in attending this program is to learn and not to gather materials for future articles, magazines or books. Participants in this program are not allowed to publish any portion of the program in any form and in any media including the internet. Pictures and partial videos of projects and class in session shall be for personal souvenir purpose only.
- All picture, handouts and any other instructional materials provided by URBAN Inst shall be the exclusive property of URBAN Inst and shall not be reproduced for purpose of distributing or providing copies to other persons who are not participants in this program.
- URBAN Institute is not obliged to conduct make up or tutorial classes for any absentee participant.
- No slippers, shorts and sandos and informal attire will be allowed inside the lecture room.
- Recording in any manner except by taking written notes of the lecture is strictly prohibited.
- Sit-in of participant’s companion is strictly not allowed.
I believe those who want to register should fill-up and submit the following information sheet : INFOSHT ML3
For more details and inquiries
Please contact Urban Institute of Real Estate through the following:
To our success and financial freedom!
Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2012 All rights reserved.
Full disclosure: Nothing to disclose. I will not earn anything if you will attend this course. However, I really do endorse this course. I consider Engineer Cruz as a true mentor which is why I am attending this course myself.
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