Nica Projects
Nica Projects is a real estate development and property management company focused on the Nicaraguan residential investment home market. We have been operating in Nicaragua since 2007, and know the customs and country very well.
Playa Tesoro is a real estate project located on an island between the Tamarindo River and the Pacific Ocean, near Leon, Nicaragua. It is over 30 acres in size and has a significant amount of quality ocean beachfront. Nica Projects is preparing and servicing the land and subdivided it into beach and riverfront lots. Later phases will deliver more products.
Our Services
Advertising includes Internet, newspapers, networking and word of mouth. We show the property and screen potential tenants. Tenant screening is the MOST critical point in property management. We always do our best to eliminate questionable applicants. Screening includes credit and public records, previous rental history, personal references and our personal impressions of prospective tenants. Our services include:
- Entering into a lease with the tenant.
- Collection of rents from the tenant and forward proceeds to the owner.
- If needed; we send late and eviction notices. We will initiate legal action against tenants on behalf of the homeowner.
- Coordination of repairs or forward maintenance requests to the homeowner. We have a number if independent contractors who offer preferential pricing and excellent quality services to Playa Tesoro property owners.
- Provision of year-end statements to property owners for each property.
To protect the owner’s investment, Playa Tesoro Management arranges inspections of the property before and after the tenant moves in. In addition, inspections are made during the tenancy as needed. Photos and a written report are arranged, plus each tenant completes a move-in report to insure a proper record of the property’s condition.
To keep owner maintenance costs to a minimum, tenants are directed in the lease to pay for minor repairs. Also, Playa Tesoro management provides insured handymen at reduced rates. In addition, licensed contractors are called to make repairs on major air conditioning, heating, electrical, and plumbing repairs.
Our Fees
Our fees for full-service property management are economical.
- We retain 25% of rents received as a commission.
- If the unit is vacant or rents are not received, we do not earn a fee.
- There are no additional advertising or releasing fees.
- There is a one-time $100 set-up fee that may be paid from the first month’s rent when received.
- There is an annual $50 account maintenance fee. This fee covers our bookkeeping costs for year-end statements and for tax statements.
- Fees may be negotiable for property owners with multiple properties or in exceptional cases.
Our Property Management Types
Option 1: Full Service Property Management
- After inspecting your property; we offer suggestions as to pricing, marketing and staging.
- We advertise the property’s availability and features. The reservations office will manage the hotel suites, villas and personal residences.
Option 2: Rent and Return
Under this option, we perform all of the services above from initial consultation, up to the point of entering into a lease on behalf of the owner. At that point, the management of the property is returned to the property owner.
- Our fee for option 2 is equal to one month’s rent.
- Fees may be negotiable for property owners with multiple properties.
Option 3: Free Services
As a community service and in order to establish new business relationships; we offer several free or at-cost services.
- Free Advertising Property for Rent on Playa Tesoro website.
- Give your rental units instant worldwide exposure, 24 hours per day 7 days per week.
- Post photographs, a description and leasing details of your property on your own website. There is no cost or obligation to you.
- Post photographs, a description and leasing details of your property on your own website. There is no cost or obligation to you.
To protect the owner’s investment, Playa Tesoro Management arranges inspections of the property before and after the tenant moves in. In addition, inspections are made during the tenancy as needed. Photos and a written report are arranged, plus each tenant completes a move-in report to insure a proper record of the property’s condition.
To keep owner maintenance costs to a minimum, tenants are directed in the lease to pay for minor repairs. Also, Playa Tesoro management provides insured handymen at reduced rates. In addition, licensed contractors are called to make repairs on major air conditioning, heating, electrical, and plumbing repairs.
We are committed
Nica Projects is a real estate development and property management company focused on the Nicaraguan residential investment home market. We have been operating in Nicaragua since 2007, and know the customs and country very well.