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Villa La Estancia Residences Nayarit - One Bedroom Suite
FAQ, Real Estate, Residences, Riviera Nayarit

What is a property manager?

You might have heard of property managers before, but there’s a chance you might not know exactly what it is they do. A property manager has many different responsibilities, but at the most basic level they are a third party who handle the day to day responsibilities of your real estate investment when you are not able to do so yourself. A property manager manages many different types of properties from small apartments to large complexes or family homes, and their specific responsibilities will depend on the salary you are willing to pay and the contract that you agree together.

Here are some of the services that a property manager can provide you with:

Responsible for Rent

If you are planning to rent out your property on a short or long term basis, you may require the services of a property manager. Property managers can be responsible for the setting of the initial rent level, adjusting it where necessary and even for collecting it, should the need arise.

  • Setting Rent – A good property managers knows how to set the rent at the right level to attract tenants while still making you a little profit. They will have an understanding of how your property compares to others in the area.

  • Collecting Rent – Property managers can play the role of collector, too, by ensuring that your rent is collected on the correct date each month and by enforcing late fees strictly.

  • Adjusting Rent – Making sure your rent is competitive is one of the key roles of a property manager and, as such , they can increase it by a set amount each year (according to state / municipal laws) or decrease it when necessary.

    • Responsible for Tenants

    One of the main responsibilities of any property manager is to manage your tenants. This means finding tenants, dealing with any complaints and even initiating evictions if needed.

  • Finding Tenants – Property managers are responsible for marketing the property to fill vacancies as well as making sure the apartment is as attractive as possible to tenants. They’ll know how and where to advertise for the best results.

  • Screening Tenants – A good property manager will be able to sort through prospective tenants to ensure that you get one that is a good fit for your property. Experienced property managers will have seen hundreds of tenants in their career and, as such, will be able to weed out the bad ones quickly.

  • Handling Leases – They can set the length of the lease and make sure that it has all the necessary provisions needed to protect the owner. This can include determining the security deposit required from the tenant.

  • Handling Complaints/Emergencies – Property managers are paid to deal with any complaints, maintenance requests, and have the necessary contacts and acumen to handle emergencies.

  • Handling Move Outs – When a tenant moves out your property manager will be responsible for checking it over to make sure that it has not suffered any damage during the tenant’s stay. They can determine how much, if any, of the security deposit should be withheld or returned.

  • Dealing With Evictions – If a tenant breaches the agreement or does not pay rent your property manager will know the proper way in which to file and proceed with an eviction (if you deem it necessary).

    • Responsible for Maintenance and Repairs

    Property managers can also be responsible for the physical condition of your property by keeping up regular maintenance and ensuring repairs are complete quickly.

  • Maintenance – Maintenance aims to keep current tenants happy and attract new tenants. They can take charge of preventative maintenance in your property in order to make sure it is performing at the top of its game. If given the right authority they can hire someone to deal with leaks, deal with exterminations, do landscaping or regularly remove trash.

  • Repairs – When there’s an issue your property manager will either attend to it themselves or hire someone who can. A property manager worth their salt will have a network of plumbers, electricians and contractors that they trust.

    • Responsible for Supervising

  • Other Employees – The property manager can set their salaries and even fire them. If you have other employees, such as a concierge or security, then your property managers will be responsible for making sure they’re doing their jobs properly.

  • Vacant Properties – A property manager can also be hired to look after vacant properties to make sure that there has been no vandalism and perform basic maintenance to keep it ready for tenants.
    • by VLEAdminRE,
    mexico real estate in bucerias
    Real Estate, Residences, Riviera Nayarit

    Best Mexico Real Estate in Bucerias, Riviera Nayarit

    It’s pretty safe to say that if you are reading this, you are looking into the prospect of moving to Mexico and seeking some Mexico real estate advice. Whether you are just looking for a seasonal retreat or a permanent residency, Mexico real estate in Bucerias, Riviera Nayarit, could be just what you are looking for.

    What you need to know about Mexico Real Estate

    The decision to move to Mexico can be a rather big one, but no worries! There are many resources out there to help you, and many pleasure seekers from the US and Canada have already made the move successfully before you. Choosing the right location in Mexico that will suit your lifestyle and taste is one of the most important factors to consider and one of the first things to look at in the real estate decision process.

    Moving to Mexico

    Many people from Europe, Canada, and the United States choose to live and even work in Mexico every year. Mexico can be a very appealing location for vacations, permanent residency, and retirement. It is also tends to be a much more affordable and laid-back option than real estate back home. Many people find a higher quality of life in Mexico, with a lower cost of living; and even the travel expenses are often less than expected, with very reasonably priced budget airfares available these days.

    mexico real estate in bucerias

    Benefits of Real Estate in Bucerias, Riviera Nayarit

    Bucerias, Riviera Nayarit is a beautiful beachfront location on the Pacific Coast of Mexico on Banderas Bay, close by to Punta Mita and Puerto Vallarta. It is a quaint little fishing village that has been a popular locale for many expats, what with being packed to the brim with wonderful places to dine, drink, and play. Bucerias also has one of the best beaches around- one great big stretch of warm golden sands with a beautiful ocean for swimming and taking sunset strolls. Paradise is also easily accessible, as the Puerto Vallarta International Airport is a mere 30 minutes away.

    Types of Real Estate Options in Bucerias

    There are many different real estate options in the beautiful Bucerias, Mexico. Here you will find everything from fractional-ownership condominiums to full ownership homes, to one-bedroom studios, to beachfront villas. Your budget will be the biggest deciding factor on which type of real estate you should look at in Bucerias, shortly followed by how much time you will be spending there. Just ask yourself what type of accommodations you need. You might also want to consider purchasing (in full or fractionally) real estate within a hotel or resort, thereby getting luxurious resort benefits like spas and five star services.

    by VLEAdminRE,
    5 Tips for Purchasing Real Estate in Mexico
    Cabo San Lucas, Real Estate, Riviera Nayarit

    5 Tips for Purchasing Real Estate in Mexico

    When planning to buy real estate in Mexico with the purpose of having it rented out to vacationers or to enjoy it as a summer or winter home, here are 5 tips to consider so that your purchase works perfectly in your favor.

    1. The Neighborhood where it’s situated is crucial

      2. When purchasing real estate in Mexico, the location of your second home is important, especially if you are going to rent it when you are not going to be using it. For example, if you want to rent to younger couples and groups, then you should buy property close to all the action in Mexico’s top tourist zones, or if you want to rent to the high end market, the location should be exclusive and quiet, yet within easy reach of fine dining and cultural activities. For example, Villa La Estancia Residences are perfect for renting to those seeking luxury and high end facilities, while they are close enough to Nuevo Vallarta’s restaurants and its shopping centers as well as Puerto Vallarta, Bucerias and Punta Mita.

    2. Seek Real Estate in Mexico with the best amenities:

      3. As potential buyers of real estate in Mexico who want quality vacations, a snowbird sanctuary or a new life, the amenities of your property are of paramount concern. Look for a place which has existing modern and excellent amenities. It should have easy access to the beach, swimming pool(s), be close to areas for fine dining and preferably have a gym – these are the kinds of thing renters are looking for, a aspects that will make living in your home away from home all the more comfortable. Enjoying facilities nearby are big pluses like a golf course, spa & treatment centers and excellent restaurants.

      Also, try checking current projects or future facilities being built in the area like malls, shopping centers, theme parks, cinemas and a transport station. Being close to service oriented companies makes a location all the more attractive; so you should keep this in mind. Internet access and a good signal for televisions and communication are essential must haves for any renter.

      At Villa la Estancia Residences, you have all of these elements in one location, without even leaving the complex. You have access to one of Banderas Bay’s best beaches, a complete fitness center, gourmet restaurants, a world class spa, swimming pools and even room service! Resort living is certainly one of the more luxurious options when choosing real estate in Mexico.

    3. Inquire about possible developments and constructions in the area:

      4. Make a full inspection of the place or inquire with the concerned local government about future plans that they may have some hints into. There can be big companies planning to build modern and sophisticated homes or condos which you might have to compete with for the years to come. Check the surroundings. The property you’re about to buy can provide a good view of the ocean sunset, but having a big vacant lot at its front gives the possibility of someone buying it and building a higher structure than yours. It can erase your property’s advantage and can affect largely potential renters.

      Villa la Estancia Residences is highly priviledged in this aspect as no one is going to spoil your view. The complex is built right on the beach and your will have a sea view from your condo. Also, you can be sure that the area has plans for expansion, but as it is a hotel zone, your real estate investment in Mexico will always be in demand. You also benefit from the marketing that the hotel and the local government do to promote these areas.

    4. The risk of natural disasters

      5. It’s better to invest in a place that is safe against the occurrence of natural disasters like earthquakes and hurricanes. As an investor who puts in a lot of hard earned money for a property, you should look at all possible angles to save your property from these nature’s havocs. It would be best to invest in an area close to or in near proximity to fire departments, local government aid facilities and police stations.

      Villa La Estancia has been built according to strict architectural regualations to withstand hurricane force winds and earth tremors.

    5. Real estate professionals and administrative experts.

      6. Get a real estate professional who deserves your full trust and will give their all in giving you the best advice. Once you have decided and bought a property, look for a person who can take care of it and will help you out in looking for potential customers such as a property manager and rental agent. Find personnel that are capable of giving efficient administrative services. Make a research and know the feedbacks of their past clients. You should be careful in your choice because you must have the people who would work hard enough that can spell the difference between failure and success in your endeavor.

      Villa La Estancia Residences offers a property management service with the option for rentals to owners who wish to contract these services.

    by VLEAdminRE,
    Destinations, Real Estate

    Reasons to Retire in Mexico

    Retiring in a foreign country has long been the fashion in the United States, Canada and Europe since the first wave of baby boomers began to take early retirement; so why is retiring in Mexico such as popular choice for North Americans?

    There are so many reasons that make retiring in Mexico such a great choice. Whether you have retired early in your 40s or 50s, are reaching the state retirement age or are a fighting fix octogenarian looking for a location where you can afford to grow old in style, Mexico has so much offer. Let’s take a closer look at why you might retire in Mexico.

    Warm Weather

    Many people choose to retire in Mexico looking for warmer weather conditions, avoiding harsh winters and enjoying the sunshine throughout the year. For this reason, the popular locations for retirement in Mexico tend to be on the coast, locations such as Puerto Vallarta, Cabo San Lucas and Cancun, for instance; although many retirees opt for temperate climates in land which boast eternal springs rather than eternal summers. Living in locations that boast warm weather and sunshine throughout the year can do wonders for our health, skin and moods thanks to increased levels of vitamin D and serotonin from the sun.

    More Affordable

    Your pension and savings will go a lot further in Mexico and you can expect a higher standard of luxuries on a lower budget. Real estate is more affordable and many who choose to retire in Mexico can afford to keep their house back home as well as their second home in Mexico to escape the winters. Likewise, more luxurious properties become more accessible and you can spend out on amenities like swimming pools, jacuzzis and maid services, which all enhance your quality of life.

    Excellent Private Medical Care

    Excellent private medical care is available in Mexico, which has seen a huge rise in the popularity of medical tourism for both essential healthcare as well as cosmetic surgery. You will find that you will be able to afford a better health care plan for less in Mexico, or indeed discover that your health care coverage from home is extended over the border. On another note, home staff and caregivers are much more affordable in Mexico, so you might find that care for elderly members of the family can continue at home, without having to resort to using a residential or care home.

    Making the Most of Life

    Many retirees feel more at home in Mexico than in the US or Canada due to the spirit and warmth of the Mexican culture and people who so appreciate foreigners and their investment. The hospitality of Mexico is renowned and setting up home in the major tourist areas will offer you the chance to live that warmth firsthand. Retirement is the time of life when you should live your dreams and try those things you have always wanted to do but had too many responsibilities back home. Mexico’s laid back attitude and vibrant culture is the ideal stomping ground for those looking to let their hair down and live life to the full.

    by VLEAdminRE,