Property Rental Management Service Tropical Felgate, through it's company in Costa Rica Tropical felgate (CR) Ltda, is totally dedicated to providing impartial, professional, property investment advice and efficient, cost effective Management Services. These attributes, combined with a passion for outstanding customer service, have enabled us to build a successful business, now handling 50+ properties for our local and overseas clients. Felgate Marketing Limited understand that a rental property will be either your home or a very important component of your investments. The seven steps to prosperity through property investment and how Tropical Felgate can help: 1. Selection of the Investment Property
2. Selection of Suitable Tenants
3. Setting and Maintaining Market Rentals
4. Rent Collection and Arrears Management
5. Regular Inspections and Cost Effective Maintenance
6. Efficient Administration and Prompt Payment to Clients
7. Keeping in Touch Rental Management Agreement (PDF File 62.5 kb) Residential Property Management Agreement (PDF File) Condominium Management Agreement (PDF File) Electricity Rates 2009 (PDF File)
1. Selection of the Investment Property
A successful property investment strategy starts with the careful selection of the rental property.
As a free service to our existing clients, or first time investors, we will provide independent advice on the suitability of the proposed property as an investment, using our extensive knowledge of comparable properties, rental rates, operating costs, historical growth rates and other relevant information.
We will make sure you start off on the right foot! 2. Selection of Suitable Tenants
Attracting, interviewing and assessing prospective tenants can be stressful, time consuming and costly. Even more so if you pick a bad one! We will take care of all of these steps using our proven, comprehensive screening process to ensure your property is rented to careful, reliable tenants. When selecting a tenant we consider many things - the most important being:
3. Setting and Maintaining Market Rentals
We have access to industry statistics and our own comprehensive Database, which enables us to provide you with quality, up-to-date information to ensure you optimise the rental return from your investment property. We also have extensive experience in rental negotiations sparing you the stress of this onerous task. We regularly review rental levels for each property and, where appropriate, initiate rental increases or advise Landlords if we think a reduction is necessary to ensure an optimum occupancy rate is achieved. 4. Rent Collection and Arrears Management We employ the most sophisticated computer technology and specialist staff to ensure rent payments are monitored continuously and arrears dealt with promptly. 5. Regular Inspections and Cost Effective Maintenance Thorough inspections are undertaken at the commencement and termination of every tenancy and at regular six monthly intervals in between. We can also undertake more frequent inspections if you require these. We will provide you with a written inspection report (for a small extra cost photographs can be provided), which includes recommendations for preventive maintenance, or improvements to ensure optimum rentals are maintained. Inspections are always followed up to ensure that any repairs or work that is required is completed to our satisfaction. In addition, periodic external inspections on an informal drive-by basis are made regularly. All maintenance is undertake by our carefully selected handyman, or one nominated by yourself, and supervised by an experienced Property Manager to ensure a quality, cost effective job. The extent to which we are involved is dependant on client instructions. Where required full project management work can be undertaken.
6. Efficient Administration and Prompt Payment to Clients The scale of our operation enables us to employ dedicated, professional administration staff and utilise leading edge systems, documentation and technology. This ensures you enjoy the maximum contractual security provided by law and the prompt payment of all funds due to you. You will receive comprehensive reports and information to monitor the success of you investment and provide your Accountant with all the information necessary to file your Taxation Returns quickly and efficiently. Payment Of Accounts - Disbursements such as water rates, electricity rates and Condo fees can be made by the company. It is desirable for all accounts of this type to be sent directly to the Manager. Rental Payments - After deduction of approved disbursements and fees, payments are either transferred to the clients bank account on the first working day of each month. A monthly statement for each property is sent and emailed directly to the client. 7. Keeping in Touch We have found that good communication with Tenants, regular inspections, prompt maintenance and continual communication with our investors minimises disputes, arrears and other problems. We are committed to superior customer service and keeping in touch to ensure your property investment experience is a pleasant and profitable one. |