Mastering your returns: A guide to maximizing rental yield

In the first part of this series, we explored the revenue side of the equation. This second installment turns to the equally crucial task of managing and minimizing expenses to ensure that every peso earned truly contributes to maximizing your rental yield.

- By HENRY L. YAP, EUAP, FPIEP, EAROPH

COST-SAVING SIDE: CURTAILING YOUR EXPENSES

Proactive investment. Invest in energy-efficient appliances and LED lighting to reduce utility costs, which can be incurred during vacant periods or included in the rent. This not only saves you money but also appeals to environmentally conscious tenants.

Preventative maintenance. Schedule periodic inspections to identify minor issues before they escalate into major, costly problems. Address tenant concerns promptly and prevent small issues from worsening.