ONLINE rent management portal Rent.ph is recruiting more property managers in Cebu in anticipation of a boom in rental services. Rent.ph president and founder Anthony Leuterio said the company is positioning itself to capture a large share of the fast-growing rental market, which is projected to hit P40 billion by 2020.
“We aim to capture a bigger chunk of the estimated P20 billion rental market annually in the Philippines,” said Leuterio, adding that rental management is another potential revenue stream for brokers.
Chris Malazarte, co-founder of Rent.ph, said that while the real estate industry is seen to contine growing, the rental business is the “next big thing” to watch out for.
High rental demand in Cebu is expected in the residential (condominium), leisure, warehouse, commercial and office segments, as industries like tourism and BPO continue to expand.
“This is the reason why we are increasing the number of certified and well-trained property managers to catch up with the demand of rental services in Cebu and parts of the country,” said Leuterio.
Rent.ph is one of the services offered under the Filipino Homes platform, a one-stop real estate portal that Leuterio created.