Panama Real Estate Property Management Services
Long Term Property Management for Panama City & surrounding areas inc. Cerro Azul, Arraijan etc.
A well managed property makes your life a lot easier.
Full service Panama Rentals property management will maximise your return on investment and minimise the stress & strain of property ownership.
Marketing, local bill paying service, maintenance services, rent collection, inspections, everything you need for trouble free ownership of foreign Panama rental real estate investments.
Panama Real Estate has a reputation for integrity, excellence and innovation and we provide quality, cost-effective services that focus on protecting the property investments of owners.
Panama Real Estate has dedicated full time property management staff to ensure the smooth management of your property working closely with owners to provide a high level of service.
By maintaining strict quality guidelines and focusing on cost-efficient operations and tenant retention, Property Management has been able to enhance property value for our clients over the life of their investment. We are now working with a number of top relocation companies in Panama and around the world.
Our property management services for includes but is not limited to:
- Payment of property related bills
- Coordinating and overseeing cleaning, maintenance, remodelling and minor repairs (extra cost)
- Rent collection
- Issuing Statements to owners
- Ongoing contract and lease negotiations
- Supervision of staff and sub-contractors
- Construction administration for interior and exterior renovations (extra cost)
- Insurance policy administration
- Inventory management
- Inspections at sign up and periodical visits to the unit
- Prior to the unit being leased, we will assist the owner in equipping and prepping the unit, as the owner may deem necessary, at the owner’s expense, as a separate service. This may include furnishing, painting, installation of lighting, appliances, wall divisions, flooring, etc.
Management fees (All fees are subject to 7% Tax)
We will advertise your property through our various marketing and syndication services and find you a tenant for your property for a period of one or more years. The charges for this option are one month rent for every year of the contract. There are no other services included in this option.
On-going Property Management
10% management fee based on the gross monthly rent amount. This fee is not charged until the property is rented and is charged at the beginning the second month of the lease term. An exclusive property management contract will be signed at the same time as the tenancy agreement and it will run for the same period. All fees are subject to 7% Tax
Empty properties: Management of empty properties prior to the rental or during the rental is charged at 50% of the above rates. All fees are subject to 7% Tax
Although full property management is an option in most instances many of the relocation agencies and corporations that we work with will only place their employees/clients in a property that has an exclusive contract with Panama Real Estate Property Management. Owners who do not wish to accept tenants from these sources should make it clear from the outset