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Costa Rica Rental Management

Posted by REMAX Oceanside Realty on November 22, 2018
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Costa Rica rental management is a great service to consider when looking at purchasing property as an investment.  Here is a little bit of information to start you out by REMAX Oceanside Realty based out of Jaco Beach Costa Rica

Costa Rica Rental Management Companies

Fortunately there is a high rental demand for homes and condos in our area especially with the popularity of websites like www.airbnb.com, www.vrbo.com, www.booking.com and more. Most of our purchasers do not live full time in Costa Rica so they are in need of a property manager of whom there are many to choose from. These managers maintain the property with preventative maintenance, are on call to service any issues and typically offer accounting service in which they will pay all the owners bills on their behalf such as utilities, property taxes, HOA fees, etc.

Some managers will charge a monthly fee for these services normally around $100 while other managers will perform these duties at no extra cost if the owner exclusively rents their property with them. Managers will not have any restrictions on how often owners are allowed to stay in their own property.

Typically the top producing managers in our area are charging a 35% commission on the rental income on short term rentals and 20% on rentals over one month. The managers are normally marketing their properties on all the popular websites as well as promoting through their own personal websites, social media and both local and international advertising.

Owner Managed Check ins

Some owners are good at generating their own rentals in which case most managers will offer a “key fee” or “check in fee” meaning that instead of charging a percentage of the rent that they will charge a set fee per check-in if the owner books the rental. Check in fees range from $30 to $125 per reservation depending on length of stay and quality of the property and for that fee the manager will perform all the same duties of checking the guest in and out and normally offering concierge services by helping to arrange transportation, tours and other services.

Once the guest departs, the manager will coordinate the cleaning and verify the inventory to make sure that nothing was broken, stolen or stained. For example, if an owner books a reservation on their own for one week for $1,000, then the owner would send the guest to the manager and they would take care of them from there. The manager will charge a “check in fee” and for the sake of example let’s use $75 and the balance would belong to the owner. Then the manager would coordinate the cleaning and then bill the owner for the maid service.

Some Costa Rica rental management companies perform better than others at certain developments and communities and we can guide you to those companies depending on where you are considering purchasing.

Continue Reading the Costa Rica Real Estate Guideline…

Please let us know if we can assist with any questions or help with any of your Costa Rica real estate needs!

Costa Rica Real Estate Starter Guide | Community Reviews

A Bird’s Eye View of Jaco Beach and its Communities
15 Spectacular Developments in Under 2 Minutes

under $100k | $100- 250k | $250-500k | $500 -750k | over $750k
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Costa Rica Real Estate Market Watch

We hope this Costa Rica Real Estate Starter Guide had helped to spark your interest and calm your nerves. With the ocean, rainforest and mountains at your back door and all the technological amenities at your fingertips, Costa Rica is worth all the attention your are giving it. We hope to see you down here shortly. In the meantime, feel free to create your own login on www.remax-ocr.com which will allow you to save your own searches and stay up to date with the market.

  • REMAX Costa Rica Real Estate Free Starter Guide

    For your convenience, this buyer's guide provides resourceful information on the purchasing process in Costa Rica. However, the best assurance of a smart investment is through the advice and assistance of a local, knowledgeable RE/MAX professional.
  • RE/MAX Oceanside Realty | Costa Rica Real Estate

    1.714.369-8133 Toll Free (USA | Canada)

    2643.4005 or 2643.2545 (Costa Rica)

    Pacific Center #30, Playa Jaco, Garabito, Puntarenas, Costa Rica 61101

    About Us: We, at RE/MAX Oceanside Realty, serve buyers and sellers in the Playa Jaco, Garabito, Central Pacific Costa Rica area and beyond. Our team is known for having the most educated, certified and licensed real estate agents in the business. We know you worked hard for your investments and we will equally work hard for you. Let us put our local expertise, knowledge, and connections to work for you.

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