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Why I Buy Parking Slots Instead of Condos

Why I Buy Parking Slots Instead of Condos

No Toilets. No Termites. Just Cash Flow. Everyone wants to be a landlord until the tenant calls at 2 AM because the toilet is broken. If you want Real Estate ROI without the headache, look at the most ignored item in the auction catalog: Parking Slots. H2: The Supply/Demand Gap Metro Manila has a massive […]

No Toilets. No Termites. Just Cash Flow.

Everyone wants to be a landlord until the tenant calls at 2 AM because the toilet is broken. If you want Real Estate ROI without the headache, look at the most ignored item in the auction catalog: Parking Slots.

H2: The Supply/Demand Gap

Metro Manila has a massive deficit of parking. Condo developers often sell units without parking. Years later, those unit owners are desperate. Banks foreclose on parking slots separately when owners default.

The Numbers

  • Auction Price: ~PHP 600k – 800k (Makati/Mandaluyong)
  • Monthly Rent: PHP 5k – 8k
  • Maintenance: Zero. (Maybe sweeping dust once a year?)

The Micro-Monopoly

You can buy a parking slot for the price of a car, and it will appreciate in value faster than the car. It’s the perfect entry-level bid.