Is this a recurring meet up? 

Hi Gamal,This is a recurring question in these forums.

Rent collection is normally a snap if you invoice, accept online & recurring debit payments, and communicate early and often.

I'd recommend getting Jeff's spreadsheets and listing ALL your one time expenses and all your recurring expenses.

% for Recurring and Non Recurring Closing Costs toward Buyer.

This is pro-rated whether you own a Studio, 2 Bedroom or Penthouse Suite or an annual gross ROI through rental income of some 18% [16% net] on todays cash purchase price of a condotel suite.Moreover, because this is "Cooperative" basis, even if your unit was not actually used during the month you still get a share of rental proceeds because of the pro-rated pool sharing system of dividends…There are in all Condominiums the "Monthly Condominium Dues" payable to cover such recurring expenses as the maintenance of the common areas, security guards etc….. however, in a Condotel, building maintenance and operations is subsidized by the additional revenues a condotel provides the building managementThe Lancaster Suites is Full Property Ownership - Not Time SharingMost real estate "Agents" would seem to have a totally incorrect about Condominium Ownership in the Philippines that a Condo Unit can be only be owned for 50 years.

We are also very punctual with: Rent due on, or before, the first; Notice to Vacate is served on the fourth (first offence) or second (recurring offence).

Taxes, insurance, vacancy, etc. are pretty easily predictable and recurring.

@Brian White Links to the local REIA's can be found here...http://www.biggerpockets.com/rei/real-estate-clubs...non-recurring events are posted in the forum...https://www.biggerpockets.com/forums/86-local-real...

If it were poorly insulated, this would be a recurring issue.