The concept of renting property is becoming more attractive to buyers, thanks to developer Roxaco Land Corporation, which launched last year its investor program for Anya Resort & Residences in Tagaytay.
Under Anya’s “buy-to-let” program, an owner is guaranteed his certified condominium title coupled with an equal number of free stays at the resort. When not in use by the owner, the unit becomes part of the hotel inventory, allowing the owner to “rent” it out and earn income in the process. The revenue generated by the room rental is split 45-55, between the pool of unit owners and the hotel operator respectively. The owners’ shares from the room revenues are then pooled and evenly distributed to each owner on a per square meter basis. This means that all owners earn income regardless if their respective units are occupied or not.
“As the industry becomes competitive, there is a need to ensure that a solid marketing campaign strategy is formed to lure in a tenant to rent your property,” said Roxaco CEO Santiago R. Elizalde. “The marketing strategy for Anya Resort & Residences is focused and engaging enough to secure tenants all throughout the year.”
He added that owners are assured that their units will be consistently occupied with resort guests since these will be professionally managed and marketed by Fuego Hotels and Properties Management Corporation, the same company that manages Club Punta Fuego, and Terrazas de Punta Fuego. Anya is a member of the Small Luxury Hotels of the World Group, ensuring that the resort is being marketed to the global market as well.
