Property Management in Nicaragua
By Joel Stott-Jess
Acuarela is for sale. Click here to see the listing.
If you're thinking about buying property in Nicaragua you might need some help to manage it.
The majority of foreigners purchasing homes in Nicaragua spend at least part of the year out of the country. To serve that market there are multiple rental management companies. They will take care of it for you, and generate income, while you are gone.
A range of options exist here to fit your needs. From full service companies that will rent your property, check guests in and out and handle everything – to more hands off options that will just help you pay the bills.
The town of San Juan Del Sur is the number one market for tourism and foreign investment per capita in Nicaragua. It also happens to be my home market:) Here are the two options I recommend:
Blue Paradise Nicaragua
Specializing in more luxurious properties. Managed by by the friendly and English speaking Anielka Solis, Blue Paradise operates many of the modern homes in the area. They are great for this looking to rent their vacation properties when not enjoying them personally.
Blue Paradise charges a $150 monthly fee plus 10% of rental income. If the owners source the rental clients that fee is decreased to 5%.
They offer a similar range of services to the other rental management companies in this article. Including:
Check in / check out
Marketing
Online booking
Bill payments
Property maintenance
Purchase of consumable goods
Contact info:
Website: www.blueparadisenicaragua.com
Email: anielka@blueparadisenicaragua.com
Anielka’s Phone / WhatsApp: +505 8252 8291
Company Email: blueparadisetour@gmail.com
Phone / WhatsApp: +505 7825-0289
Mango Management.
Mango is run by Anne Pound and Paul Speed. Mango has no monthly fee, and instead charge 25% of gross income. So they don’t make money unless you do.
Mango states they aim to differentiate themselves in a few ways:
They work with a small number of houses to ensure they are able to provide the very highest level of customer experience for every guest.
All guests receive an in person check-in and check-out.
They handle all of the guest communication.
They handle all of the online listings including photos if needed.
They pay bills on the owners behalf including property taxes and staff salaries.
Provide detailed quarterly financial statements
No fixed monthly fees.
Their commission is 25% of gross rental income (minimum monthly commissions apply depending on size of property).
Weekly inspections of each property.
Video walkthroughs of properties with owners.
All operating and advertising costs covered by owners.
All the money flows to their accounts and they pay out the profits to owners directly.
Here is a link to their Airbnb reviews.
https://www.airbnb.com/users/show/27135140#reviews
Contact info:
Website: mangosjds.com
Phone: (505) 8194 2456
Email: info@mangosjds.com
To sum it up:
These are my recommended options for managing your property in Nicaragua. Looking for more help finding a home in Nicaragua? Contact me any of the ways below!
Joel Stott-Jess
Cell / WhatsApp: (+505) 8176 8624
Skype: joelstottjess
Joel Stott-Jess is a New York Times featured agent / broker in San Juan Del Sur.
Originally from Alberta, Canada he has been doing business in Nicaragua since 2014.
An investment consultant, serial entrepreneur, surfer, and outdoor enthusiast he is an expert on the real estate and business markets in Nicaragua. He also operates The Central Investor, a real estate and investment blog focused on the entire Central American region.