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We have a home which we would like to sell, however are also considering renting out the home in order to hopefully expedite our ability to find a more suitable home for our family. As an American (English-speaking) I would not want to do this on my own, i.e. newspaper ads. Is there anything such as a property management company here..one who finds renters, etc. If not, are there any good realtors who provide similar services?
There are no property management ‘companies’ that I know of who would be interested in maintaining a single home, they are focused on the big condo projects…
Good Realtors tend to be so busy with sales that they understandably can not spend time on rentals.
What am I saying?
You’re really on your own here meaning that you would have to advertise, qualify potential renters and manage the property or maybe pay a friend/neighbour to do it for you but be sure to have a formal legal contract that spells out their responsibilities.
Scott Oliver – Founder
WeLoveCostaRica.comdeb..I am moving to C.R. in the next few months…I have been a Realtor and Broker Owner of Century 21 Cook & Associates (now closed)..where is your house located…what rental would you want and what price range?
There is a company in Jaco that for a monthly fee will manage individual homes, find renters, do security checks etc. I don’t know what area you are in though.
Hello. I am interested in knowing the name and how to contact that management company also. Thank you. Sincerely Limuh (Tom) Argent
By all means tell us the name of the company Lotus.
Do you know them personally?
Scott Oliver – Founder
WeLoveCostaRica.comScott I do not no him personaly but met him when looking to rent a house in Opera Salvje in Playa Hermosa. If first impressions mean anything He seemed like a nice guy and was extremely professional.
Deb,
Houses are much harder to sell when they’re leased. Also, Costa Rican laws are HEAVILY in favor of the tenant. Evictions are MUCH more difficult and lengthy than in the U.S. Many Tico renters know this, and these same type of renters also know that many Gringos in CR are very naive, or at the very least ignorant of landlord/tenant law.
It pains me to say it, but I’d have much greater confidence if the renter were a foreigner. I imagine you’re eager to move, but my advice is to stay where you are until you sell, unless you can afford two mortgages, or you find a qualified expat to sign a long term lease. If you leave it furnished, you’d probably have a good shot at renting it.
Remember, there’s no credit bureau in CR. However, you could ask that a perspective expat renter provide you with one.
For the record, I am a property manager in the US, and I owned and leased property in CR as well.
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