Guanavista, a hidden community nestled in the heart of Costa Rica, beckons travelers seeking sun, surf, and serenity. Vacation rentals in this tropical paradise offer a slice of heaven, but maintaining these havens requires diligence and care, especially when you’re miles away. In this guide, we delve into tropical home maintenance and rental income, offering you a pathway to ensure your property remains pristine and profitable in the lush environment of Costa Rica
1. Our In-house Property Management:
One of the best investments you can make for your vacation rental in Ostional using our in-house property management which offers a range of services, from regular maintenance checks to emergency repairs. With our local expertise and network of trusted vendors, we can swiftly address any issues that may arise, allowing you to enjoy your vacation worry-free.
2. Implement Regular Inspections:
Prevention is key when it comes to home maintenance, especially in a tropical climate like Guanacaste. Schedule regular inspections of your property to identify and address potential problems before they escalate. Check for signs of water damage, pest infestations, and wear and tear on appliances and fixtures. By staying proactive, you can avoid costly repairs down the line.
3. Protect Against the Elements:
Ostional’s lush surroundings and ocean breezes create a paradise for vacationers, but they can also take a toll on your property. Take measures to protect your home against the elements, such as installing storm shutters, sealing windows and doors, and trimming overhanging branches. Investing in quality outdoor furniture and equipment covers can also help prolong their lifespan in the harsh sun and occasional rain.
4. Maintain Landscaping and Outdoor Areas:
The landscaping surrounding your vacation rental is often the first thing guests see, so keeping it well-maintained is essential for making a positive impression. Our in-house landscaping company mows the lawn, trim bushes, and keep pathways clear. Regularly inspect outdoor lighting, irrigation systems, and pool equipment to ensure they’re functioning properly. A tidy and inviting outdoor space enhances the overall guest experience and encourages positive reviews.
5. Stay Connected with Technology:
In today’s digital age, technology can be a valuable tool for managing your vacation rental from afar. Invest in smart home devices, such as thermostats, security cameras, and leak detectors, that allow you to monitor and control your property remotely. Guanavista uses property management software to streamline tasks like booking management, guest communication, and maintenance scheduling. These tools provide peace of mind and efficiency, empowering you to stay on top of your rental property no matter where you are.
Owning a vacation rental in Ostional is rewarding but demands consistent care. By utilizing professional property management, regular inspections, safeguarding against the elements, maintaining landscaping, and using technology, you ensure your property stays pristine. This approach keeps your rental relaxing and enjoyable for guests for years to come
A breakdown of cost and profits based on 2023 rental statistics from property management in Nosara (which is closest and most comparative market to our area). Numbers may fluctuate depending on the market’s supply/demand.
Here are projected income and maintenance fees for a high-end 4 bedroom home :
Monthly Breakdown
Estimated yearly total before fee is roughly $278,000. This will vary depending on blocked dates and seasonal prices. September and October generally do not pull in many week of rentals due to the rainy season. This is a good time to start preparing for the next season.
Cost and Profits
Annual rental income brought in $278,000. Maintanence and Administrator fees totaled $91,462 bringing the homeowners profit to $186,788 . Things not factored would be property and corporation taxes, which would depend on the size of the house. The annual property tax on a home in Costa Rica is generally .25% of home value.
