8 POINTS TO CONSIDER WHEN CHOOSING A PROPERTY MANAGEMENT COMPANY IN PLAYA DEL CARMEN
Owning property in Playa del Carmen, Mexico is like having your first child. You may lose sleep and find yourself totally unprepared. However, the benefits can be equally rewarding: warm weather, turquoise water and a home in paradise. Additionally, you may consider hiring a reputable Playa del Carmen management company to help ensure the longevity of your “child”.
When searching for a property management company, there are a myriad of facets to consider. Many individuals offer administration services. Nevertheless, the company you hire should meet your management and rental needs, and do so in a professional manner. Therefore, it’s imperative to select the right organization to handle your property. Kindly consider these 8 points when choosing a property management company in Playa del Carmen.
Using an external property managment company reduces stress and increases your free time.
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1. Certify the company has a website.
2. Confirm that they have a physical office located in Playa del Carmen that you can actually visit.
3. Confirm that they have a local phone number.
4. Ask for some property management referrals.
5. Check out the company’s reviews online.
6. Rent a unit from a potential manager.
7. Read their advertising and marketing material.
8. Verify they have a legitimate Mexican business.
Did you know that Playa del Carmen began in Playacar Phase 1? This area is popular for vacation
rentals due to it's close proximity to Playacar beach and the ferry that takes you to Cozumel.
1. Certify the company has a website.
Any serious business in today’s digital world will have a website. It should look professional and offer a selection of properties with prices, location and relevant contact information. Links to social media accounts should be displayed. This allows you to obtain an overall idea of what type properties they represent, their location and number.
Menesse the City is one of the most centrally located buildings for vacation rentals in Playa del
Carmen. It is close to 5th Avenue, restaurants and large supermarkets, making it ideal for visitors.
2. Confirm that they have a physical office located in Playa del Carmen.
Anyone can create their own website and work off a laptop in an internet café. However, a serious vacation rental company in Playa del Carmen should have a centrally-located office. Please think twice before selecting someone who does not have an office. They may not have the resources or motivation to properly oversee your investment.
Did you know that El Faro means lighthouse in Spanish? There is an actual lighthouse located near the
condos and is a popular place for visitors to get a view of the surrounding area of Playa del Carmen.
3. Verify that they have a local phone number.
Playa del Carmen’s local area code is 984 or 998. Any reputable business should have a number with one of these area codes. Please ask as many companies offer both a USA or Toll Free number in addition to a local number. If they don’t have a 984 or 998 extension, this may mean they are either new to the area, don’t live here or may plan on moving away soon. It’s imperative to find someone who is local, has lived here for at least 5 years and plans on staying for the duration.
The duties of a property manager include attracting tenants by advertising vacancies; obtaining referrals
from current tenants; explaining advantages of location and services; and showing units.
4. Ask for some property management referrals.
Ask the property management company for some referrals from existing clients. This provides insight into the internal workings of their business. It may be helpful to have prepared a set of questions to ask beforehand.
Additionally, you may also consider consulting with your colleagues who’ve rented a property through a vacation rental company in Playa del Carmen (like friends, family or co-workers). Furthermore, if you are in Playa, you may try speaking with local property owners. They may have valuable inside information on good Playa del Carmen property management companies.
Playa del Carmen's booming real estate market is one of the fastest growing in Latin America. It's created
large investment opportunities thanks to a strong vacation rental industry in the Riviera Maya.
5. Check out the company’s reviews online.
Verify a business’ ratings on Google, Yelp, Facebook and Trip Advisor. For example, a reputable company will have a Facebook page as part of their social media marketing. Visit the reviews section to determine their ratings. Too many negative reviews or comments reflects poorly.
Online resources such as websites like Airbnb are a good tool to find rentals, but it's best to
rent directly from a property management company to ensure professionalism and great service.
6. Rent a unit from a potential manager.
If possible, visit Playa del Carmen and stay in one of their units. Determine if the rental unit is well-maintained and clean. If it’s not this could be a sign of future problems.
Vacation rentals such as Vaiven come with the added benefit of being located in safe, secure, private
residential neighborhoods like Playacar, as well as offering top class amenities and beautiful surroundings.
7. Read their advertising and marketing material.
Does it appear like they hired a professional to design their ads and videos? A good company can afford to hire quality designers and artists for their digital marketing. The same applies to billboards, which indicate a serious intent to gain business. Inspect the included information for inconsistency and any contradictions. These may be signs of something wrong.
Estrella del Mar means 'starfish' in Spanish. It's one of the many species of marine life that can be found
in the waters off the coast of Playa del Carmen, a location popular for its scuba diving and snorkeling.
8. Verify they have a legitimate Mexican business.
A reputable Playa del Carmen management company will have a certified Mexican company registered to perform property administration and rentals in Mexico. You can ask to see the company’s formation documents. If they have a Mexican company, this means they are most likely paying Mexican taxes. Any property being rented and not paying taxes could risk serious fines and possible seizure by the Mexican government.Go to the top of page.
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About the Author
Matt Weatherbee owns North American Standards (“Nasplaya”), a Playa del Carmen property management and vacation rental company. Since 2008 he’s been living in Playa del Carmen after he sold everything back in Boston and drove from Massachusetts to Mexico to start Nasplaya. Now he works in shorts and sandals in the Caribbean. Nasplaya manages approximately 70 Playa del Carmen properties and employees over 20 people.
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