The only long term solution is having a more sustainable form of income. There is the option of venturing into small businesses or franchising; however it requires hands-on management and a fair amount of time. One can also try real estate since it appreciates over time and can be self-liquidating but requires property management and maintenance. All these options seem viable but surely there must be a simpler way of investing for our kababayans.

Major Homes, a full-serviced real estate development company, offers an innovative real estate product perfect for the OFW investor. These are the Space condormitels — a condominium, dormitory and hotel that operate as one. Space condormitels are 15-19 sqm units fully furnished with 3 to 4 beds with its own kitchen, bathroom, study desks, LED TV, fridge and microwave oven. This new property segment pioneered by Major Homes employs a sachet business model wherein units are leased on a per bed basis.

Settled comfortably near the country’s leading colleges and universities, Space condormitels enjoy constant demand, a steady stream of lease potential and offers an upgrade to the typical dormitory experience. Beside Adamson University is Space San Marcelino, a 28-storey condormitel located along San Marcelino St. Manila. A couple of blocks away is Space Romualdez along Romualdez St Manila. Along Taft Avenue and a few steps away from Philippine Women’s University is Space Taft. And at the center of the university belt there is Space U- Belt, located at CM Recto Avenue where conservative estimates would place the student population at around 350,000 strong.

If one intends to tap into the potential of this robust market, a condormitel could provide a steady stream of fixed monthly income. Owners can also enroll in a hassle-free dormitel program where a professional property manager handles maintenance of their unit while rental income is deposited directly into the owner’s bank account. Interested parties may visit Major Homes website at www.major.com.ph or call 533-4663.