Introduction: Turn Your Condo into a Smart Income Source
If you own a condo in Makati or Bonifacio Global City (BGC), you’re sitting on one of the hottest rental assets in Metro Manila. Whether you’re an investor, condoowner, or business owner, renting out your condo can help you generate consistent passive income.
But it’s not as simple as just posting your unit online, you need the right pricing, marketing, and property management plan.
In this guide, we’ll walk you through a step-by-step process to rent out your condo in Makati or BGC, including expert advice from Kondo Ko, your trusted partner for property management in the Philippines (PH).
Why Rent Out Your Condo in Makati or BGC?
Before we dive into the process, here’s why property owners love investing and renting in these premium locations:
- Prime location: Both Makati and BGC are the heart of business, entertainment, and expat living.
- Strong demand: Thousands of professionals and expats look for condos for rent every month.
- High ROI: Rental yields in these districts range between 5% to 8% per year.
- Great infrastructure: Top malls, restaurants, and offices are just a walk away.
If managed effectively, especially with professional property management BGC or rental management services in PH, your condo can become a reliable income generator.
Step-by-Step Guide to Renting Out Your Condo
Step 1: Prepare Your Condo for Rent
First impressions matter. Before listing your unit, make sure it’s rental-ready.
Checklist:
- Deep clean and declutter – A spotless unit appeals to tenants instantly.
- Fix and refresh – Handle any plumbing, lighting, or appliance repairs.
- Furnish smartly – Tenants in BGC and Makati often prefer fully furnished condos.
- Stage your space – Add simple decor and bright lighting for a welcoming look.
Tip: Partner with a property manager PH like Kondo Ko to inspect your condo, suggest improvements, and ensure it meets tenant expectations.
Step 2: Set the Right Rental Price
Getting the pricing right is critical. Too high and your unit sits vacant; too low and you lose potential profit.
How to price your unit:
- Research similar listings in your building or area.
- Consult leasing management BGC experts for a market-based rate.
- Factor in condo dues, maintenance, and utilities.
Kondo Ko provides data-driven insights so you can price your condo competitively — ensuring faster occupancy and higher ROI.
Step 3: Take High-Quality Photos
In today’s digital world, visuals sell.
Tips for great property photos:
- Shoot during the day with natural light.
- Highlight your condo’s best angles — living area, balcony, and amenities.
- Include lifestyle shots (gym, pool, view).
- Consider hiring a professional photographer.
Listings with quality images attract more inquiries and serious tenants, especially for premium areas like Makati and BGC.
Step 4: List Your Condo on Reliable Platforms
Your goal is maximum visibility with minimum hassle.
Post your unit on trusted property sites like:
- Kondo Ko – specialized in property management BGC and rental management PH.
- Property24, Lamudi, and DotProperty.
Include:
- An attention-grabbing title (e.g., “Furnished 1BR Condo for Rent in BGC – Near High Street”)
- Detailed description (floor area, furnishings, amenities)
- Transparent rental rate and terms
- High-quality images and a contact link
Pro tip: Kondo Ko offers end-to-end listing support and helps you handle tenant inquiries efficiently.
Step 5: Screen Your Tenants Carefully
Choosing the right tenant is crucial to avoid late payments or property damage.
Ask for:
- Proof of employment or income
- Valid IDs and references
- Security deposit (usually 2 months)
To avoid risks, consider using tenant management BGC services through Kondo Ko. Their experts handle background checks and documentation, ensuring smooth, secure rentals.
Step 6: Create a Legally Sound Lease Agreement
Protect yourself and your tenant with a well-drafted lease contract.
Include:
- Full details of both parties
- Lease period and payment terms
- Security deposit and refund rules
- Maintenance responsibilities
- Termination clauses
Tip: A professional property manager Philippines can help prepare or review contracts to ensure compliance with Philippine laws.
Step 7: Register and Declare Your Rental Income
Compliance is key when renting out your condo.
- Register as a lessor with the BIR.
- Issue official receipts monthly.
- Pay the required income or percentage tax.
If tax compliance sounds confusing, Kondo Ko’s property management PH partners can connect you with trusted accountants who handle everything for you.
Step 8: Manage and Maintain Your Condo
Maintaining your property is essential for long-term profitability.
Here’s how to keep tenants happy and your unit in top shape:
- Conduct regular maintenance checks.
- Respond quickly to repair requests.
- Schedule deep cleaning between tenants.
- Keep communication open and professional.
Don’t have time to do all this?
Let Kondo Ko’s property management BGC team handle the work, from tenant management and rental collection to maintenance coordination, so you can focus on growing your portfolio.
Why Choose Kondo Ko for Property Management in BGC and Makati
Kondo Ko isn’t just a listing platform, it’s your all-in-one property management partner in the Philippines.
Here’s what sets them apart:
- Expert leasing management BGC and Makati specialists
- Tenant screening and background verification
- Rent collection and documentation assistance
- Maintenance and inspection support
- Transparent reporting and communication
Visit KondoKo.com to list your condo and experience hassle-free rental management PH with trusted professionals.
FAQs About Renting Out Condos in Makati and BGC
1. How much can I rent my condo for in Makati or BGC?
Rental prices depend on location, size, and furnishing. On average:
- Makati condos: ₱35,000–₱55,000/month
- BGC condos: ₱45,000–₱70,000/month
Consult property management BGC experts for an accurate rate.
2. Should I rent my condo furnished or unfurnished?
Furnished units attract professionals and expats seeking convenience. They usually rent faster and at a higher rate.
3. How long does it take to rent out a condo in BGC or Makati?
With effective leasing management BGC services, most units are rented within 2–4 weeks, especially when listed on Kondo Ko.
4. What’s the benefit of hiring a property manager in PH?
A property manager in the Philippines handles everything, marketing, screening, rent collection, and maintenance, so you can earn without stress.
5. Do I need to pay taxes on my condo rental income?
Yes. Rentals are subject to income and percentage tax depending on your annual earnings. A property manager PH can help ensure compliance.
6. Can Kondo Ko manage my condo if I live abroad?
Absolutely. Kondo Ko’s property management PH team specializes in helping overseas Filipino owners manage their properties with ease and transparency.
Conclusion: Make Condo Leasing Effortless with Kondo Ko
Renting out your condo in Makati or BGC can be one of your best financial decisions — if managed the right way.
With Kondo Ko, you get expert property management BGC, leasing management, and tenant management PH services — all designed to simplify your rental journey and maximize your returns.List your condo today on KondoKo.com and experience worry-free, profitable condo rental management with the leading property manager Philippines.
