Tropical Felgate

It's hard to believe, but it has been five years since we started doing property management in Green Forest of Coco Beach community.

Last three years were very challenging due the general economic situation, there has been considerably less tourists in Coco and in our community and average occupancy went down from 60-64% in the year 2008-2009 to just 30-35% in the year 2009-2010. We expect it be a little better this year though.

Our community became a true "Green Forest" in the last few years with the lush vegetation, lots of new plants and shrubs. Just in the last year we planted over 200 new plants in Green Forest at no extra charge to you.

You can see updated photos of the community HERE

Last fall we painted the outside walls of the buildings and repaired the ceilings only at cost of materials.

This year, we repaired the cracks around the swimming pool and removed some of the roots of the Guanacaste tree at the South end of the pool which were causing the cracks. We also cut the branches of the trees overhanging the clay roofs and causing damage to the clay roof tiles.

We can proudly say now, that Green Forest of Coco Beach studio community is one of the nicest studio communities in town and we ran it at the lowest cost in town keeping condo fees at US$70.00 per month for the last two years.

None of the communities in town has such a low condo fee!

Unfortunately, we are about to change it...

Due to the fact that inflation in the country has been on the level 6-7% in the last two years and by the law the minimum salaries were increased twice about 3% last year and abt 3.5% this year, so we can not fit into  our budget any more with the condo fees $70.00 per moth and have to increase it about 7%.

Please take a note that we shall start charging a condo fee of US$75.00 per unit per month as of September 1, 2011. This amount will be fixed for at least 1 calendar year, though we do expect another minimum salaries increase by the end of 2011.

Here is the budget for the year 2011-2012:-
1. Security Patrol every hour + 2 security cameras monitoring: US$550.00 per month;
2. Professional Pool Treatment 4 times per month: $60.00 per month;
3. Half Time gardener - US$200.00 per month;
4. Half Time Handy Man - US$300.00 per month;
5. Half Time administrator - US$360.00 per month;
6. Half Time accountant - US$150.00 per month;
7. Chemicals for the garden and cleaning materials: US$70.00 per month
Total Operational Cost: US$1,690.00
Property Management Company admin fee 25%
Total cost US$2,253.00 or US$75.00 per studio unit per month.

Please do not hesitate to contact us, if you have any questions or suggestions.

Best regards,
Serguei Galkine
Agency:     Tropical Felgate
Phone:     +506-2670-1750
Cell:     +506-8701-7951
Fax:     +506-2670-1750
Business:     +1(646)-652-6430
Address:     Unit 13, Green Forest of Coco Beach, Urbanisacion Las Palmas
City:     Playas del Coco
State:     Guanacaste 5019
Country:     Costa Rica