Property Management
Property Management, helping maximize the return on your investment.
Through efficient performance of the following functional areas of responsibility, we act in the best interests of the you- 'the owner' to maintain the property, keep it occupied with tenants, collect rents and maintain records.
Tenant and Occupancy- Understanding the needs of the tenants is important. Getting them to move in is only the beginning. As property managers, we respond to their requests, monitor lease requirements, collect rent in a timely manner, and continually assess the tenants' satisfaction as regards the property's amenities versus those of competing rental properties in the area. The unwelcomed task of eviction for violations or non-payment is part of this function also.
A property can be nicely designed and in a desired area, but it will not be a profitable rental property if tenants aren't managed properly and occupancy maintained at a high level. When tenants are not happy, they vacate at the end of their leases, or even sometimes before. Not only does this reduce income due to unpaid rents, it also increases costs to replace the lost tenants. Effective tenant management involves:
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good rent collection practices;
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responsive handling of repairs and maintenance;
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consistent and fair enforcement of regulations; and
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regular and informative communication with tenants
Facility Management- Physical management of the structures and outdoor areas. Landscaping, electrical, plumbing, roof, walls, appliances, and much more are all part of the physical property. We maintain relationships with repair companies and monitor the quality of all repairs and maintenance. This function ties in with tenant and occupancy management because it is important for tenant retention to have well-maintained properties.
Our commitment to you-
From the moment your keys are available to you, and especially if you will be among the majority of property owners who will be away from their homes for much of the time, it makes sense to employ a property management company for management and maintenance.
We take care of you property in the country of your choice while you're not around to do so yourselves.
Properties we manage- We manage select properties, and currently only manage properties in the following areas:
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Santo Domingo DN
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Santo Domingo East
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Santo Domingo Norht
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Santo Domingo West
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Juan Dolio
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Boca Chica
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Sosua
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Cabarete
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Soon in Santiago when we open our new office over there.
How to list your property- If you have property you would like to rent out or have managed, please review our requirements to list your property with us.
1. Proof of Ownership
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You must provide copies of Titles and/or Purchase Contracts
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and copies of Passports or National Identification of Property Owners, as it appears on the title or contract
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If property was purchased by a company, you must submit a copy of the 'Registro Mercantil,' a company document which shows the person signing, is the President of the company.
2. Property Management Agreement
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Contact us for a sample copy of our Property Management Agreement
Renting Your Dominican Real Estate If You Choose
Some clients choose to maintain their Dominican Republic real estate properties solely for their private use and not rent at all. Others choose to use their property for Dominican Republic rentals to generate varying degrees of desired financial return. We can help clients to achieve whatever goal they desire. Rental assistance is often the source of misunderstanding between Dominican real estate property managers and their clients. Often times owners mistakenly feel that their monthly management fees alone include unlimited rental marketing of their property and guaranteed results for rentals in Dominican Republic. These clients usually don’t meet their rental income goals. To reach the occupancy and rental income goals of some owners, it is necessary to implement much more aggressive marketing strategies. Assistance is available for clients to attempt to achieve those goals with individualized plans to suit many budgets.
Most travelers know the convenience and value of accessing the concierge desk at hotels in unfamiliar locations. The services provided by someone who lives and works in the area, knows how to successfully conduct business there and has the necessary local connections is priceless.
Concierge Property Management of Dominican Republic Real Estate
Property management services for owners of Dominican real estate should provide concierge level service, convenience and value as well. Most owners who require these services have not lived fulltime in the country. As a result, their experience is limited and doesn’t allow for a thorough understanding of many significant factors that impact Dominican Republic real estate management and maintenance. Most factors are very different from those in an owner’s home country. They range from employment laws, availability and cost of goods and services, local business practices and customs, reliability of local businesses and individuals and more. An accurate understanding can only be achieved after conducting business for many years in the country. Our experience allows us to provide Dominican real estate owner clients with unparalleled service.
Considerations in Choosing Your Dominican Real Estate Property Manager
There are many advantages of fewer regulations and most citizens of over regulated countries enjoy the freedom that exists in the Dominican Republic. However, with this freedom comes responsibility. As a Dominican Republic real estate owner, choosing the best manager for your property is one of them. Most people would be surprised to know that many individuals who claim to be Dominican real estate property managers are not adequately qualified. Education, business experience and intelligence levels vary greatly as does the all important aspect of local knowledge and experience. Placing your trust in someone to care for your Dominican Republic real estate without the necessary qualifications can lead to major disappointments.
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