Vacation Rental Primer for the beginner - Why a rental program

When you come to the beach on vacation and rent a beach condominium you most likely made reservations through a rental company.  This condominium is not owned by that company, it is owned by an individual or family very much like yourself.  This condominium owner has elected to buy and place his condominium on a vacation rental program making it available for you and others to rent.  Why?  Why Not! There has always been people who buy and rent homes, apartments, or office space.  It's a business, an investment, it's a way for owners of beach condominiums to not only own and enjoy a beach second home, but have someone else's hard earned money pay for it.  

How does it work?  Most owners hire a rental management company to rent and manage their condominium unit.  Some go even further and manage the rental themselves.  It's your choice of course, it's your property, but by far most use a management company.  Using a professional rental management company takes away all the hassle and worry that goes with renting a property. They not only promote, advertise, handle bookings, and do the accounting, they maintain the unit right down to replacing a light bulb. 

What does this type of service cost?  The going rate is anywhere from 20% to 40% of the gross rental income.  Most companies charge around 25%.  To pay any more than 25 to 30 percent the management company better be doing one hell of a job. 

Most rental management companies are not located on site.  They are usually located in a central location and handle many units in a large area.  On-site rental management is limited to the larger condominiums with enough units to warrant an on-site program.  By comparison there are very few on-site programs.  If you have a unit in an on-site rental program it should have a better occupancy over time than one that is not.

Ok, now you have bought a beach condominium or home and placed it on the vacation rental program.  After several years of having others pay for your condominium take a look at two things. 

I think you're getting the picture.  You have owned, enjoyed, saved money, and made money.   

So, your first step of course is to find and purchase a condominium or home of your liking.  Have fun, enjoy, and remember many thousands have preceded you. 

And how can Rica Nica Nicaragua Real Estate and Rica Nica Travel & Tourism help you with this

Now that you know the basics, how do our two companies fit into this. What can we offer?

Let's start with the service fee. Our rate is 20% of the gross rental income. For this fee you will not only get the experienced management services of Rica Nica Nicaragua Real Estate, but you also get the hands-on tourism service of Rica Nica to ensure an easy rental of your house. This fee is divided into 10% for administration and management (Rica Nica Nicaragua) and 10% for marketing and rental administration (Rica Nica).

As we are located in Granada and soon to be in San Juan del Sur, we are as close as you can get to an on-site management program for these areas, which are still the prime tourist attractions in the country.

About our Rental Program
The Rica Nica Nicaragua Real Estate and Rica Nica Travel and Tourism furnished rental program is designed to make the most of your rental property. Our program was designed to incorporate a variety of services that make owning rental property productive and hassle free.  Some of the services we offer are outlined below:

Reservation and Customer Service
Our staff is made up of experienced leasing coordinators and customer service representatives that become very familiar with each property. They are uniquely prepared to give the most accurate description of your rental property and support to prospective guests.

Computerized Reservation System
Rica Nica Nicaragua Real Estate Services offers the advantages of a reservation system designed for our rental program. The system allows for greater "back to back" bookings, which leave your property empty less often. The system also provides owners with a detailed monthly activity statement containing complete revenue information.

Housekeeping and Maintenance
Rica Nica Nicaragua Real Estate Services manages the property and Rica Nica Travel and Tourism rents the property to prospective tourists.  The Management program arranges all housekeeping and maintenance for you. Our housekeeping staff is trained to maintain high standards of cleanliness that guests expect. Maintenance procedures are arranged by our staff to be handled as quickly and efficiently as possible. Any major repairs are cleared with the owner before they are performed.

Check-in and Check-out
Customers' check-ins and check-outs are handled on the property by our staff. This gives us an opportunity to familiarize clients with the property and establish an ongoing business relationship. Our style of service is designed to make each customer a repeat customer.

Sales and Marketing
Rica Nica Travel and Tourism is experienced in attracting sophisticated clientele seeking upscale accommodations and personalized service.  Along with our leisure clientele we also serve a number of business accounts that have a great need for monthly corporate rental property. Rica Nica Nicaragua Real Estate Services develops an image to each property including brochures, logos, letterhead, advertising and inclusion in our website.

Credit Card Processing
Most guests prefer to use charge cards when traveling and Rica Nica is equipped to handle all major credit cards.

Owners and Owners's Guests
Rica Nica is always pleased to welcome owners and their guests. Owners are welcome to make reservations, make special requests and enjoy all the services our guests enjoy when visiting the property.