Abstract In this paper, I will defend the claim that there are three existence properties: the second-order property of being instantiated, a substantive first-order property (or better a group of such properties) and a formal, hence universal, first-order property. I will first try to show what these properties are and why we need all of them for ontological purposes. Moreover, I will try to show why a Meinong-like option that positively endorses both the former and the latter first-order property is the correct view in ontology. Finally, I will add some methodological remarks as to why this debate has to be articulated from the point of view of reality, i.e., by speaking of properties, rather than from the point of view of language, i.e., by speaking of predicates (for such properties).