PROPERTY MANAGEMENT, VACATION RENTALS AND REAL ESTATE BUSINESS FOR SALE, GUANACASTE, COSTA RICA
Papagayo Property Management, Rentals and Real Estate Company, Coco Beach, Guanacaste, Costa Rica. Established residential property management company has a reputation for integrity and has been serving it’s local community for the last 3 years. They currently manage more than 30 residences, have a strong retention rate, and have a diversified portfolio of properties that are not owned by a few owners. This is a net monthly positive cash flow business with no accounts receivable. Rents are collected in advance and management fees are paid from the rentals. Different rental websites are one of their main marketing tools in addition to their large satisfied customer referral base and local advertising. Professional management services such as rent collection, bill payment, prospective tenant screening, property maintenance, building rehabilitation, computerized monthly statements, and periodic property inspections have helped to establish the company’s full service reputation and its successful retention rate of its customers. The seller is extremely knowledgeable about the marketplace and they feel strongly that the company’s three plus years of successful management and retention of customers can be leveraged to gain the trust of new customers and businesses more easily than a newer firm. The seller feels that this is an ideal company for a real estate professional looking for a consistent revenue stream or a property management company looking to expand. All the owner contracts are transferable. The owners have other ventures they wish to pursue, but will provide training for the buyer for a smooth transition.