Why hiring a property management company for your Merida home is important.
Many foreigners own property in Merida and the Yucatan. They buy for rental or investment purposes or as vacation homes. It becomes obvious that while they are in their own country they need someone to handle their property investments here in the Yucatan.
Mexico is a wonderful place to own property. If you reside outside of this lovely country, you have already discovered its beauty and all that it has to offer. So you have decided to buy some property here. Whether it’s for rental or investment purposes or as a vacation spot for your personal use, you need help in handling your investment while you are away from it.
If you decide to rent your property while you are not using it, hiring a property management company is your smartest move. Not only can they handle renting the property out for you but they can make sure the property is properly maintained. Managing property rentals in Mexico does require work and you need someone local to assist.
What exactly does a property manager do for you?
They basically do all the legwork associated with the responsibilities you acquire when renting out your property. They perform the following tasks:
Market the property – they help to find interested tenants by placing ads and other marketing efforts. They find qualified tenants so you don’t have to.
Find the proper tenants – this involves running credit checks to ensure good candidates, handle rental agreements and contracts, give them the keys and show them how everything in the house works.
Prepare the property for rental – this includes painting if necessary, making sure bathrooms, kitchens and appliances are clean and in working order and hiring a cleaning service to come in and do a thorough cleaning of the property.
Collect rent – make sure rent is collected in a timely manner. Property management companies can all take care of the financial aspects of your property such as collecting the rent, paying bills pertaining to the property and keeping track of your rents and expenditures.
Handle any tenant issues that may arise – solve common household problems such as maintenance or emergency repairs. They can oversee the hiring of any repair companies such as air conditioning, plumbing or electrician.
Maintenance – mow the lawn, landscaping, pool cleaning and other regular maintenance that is required for upkeep.
Clean up – make sure the property is in good shape when a tenant vacates and return the security deposit if no damage has incurred.
Managing these things will require time as well as knowledge of laws concerning Mexican rental agreements. At Merida Property Management, we are a full-service property management company serving Merida and the Yucatan peninsula. We want you to have peace of mind while you are away. Having a Merida property management company like MPM on your side will ensure that your property is taken care of when you aren’t here. We specialize in property rentals, property sales, housekeeping, gardening services, pool services, finance management and other a la cart services.
Reach out to us today and let us know how we can help you.