Airbnb management can range from a little bit of assistance with handling bookings, to a full package of support services. Some of the things on offer can include:
The second is a commission rate. This means that the company will take a percentage (ranging from between 12-40% depending on what management package you select) of your Airbnb earnings each month.
Some companies will charge set-up fees on top of their monthly management fees. Make sure you find out what is included in the fee and how much extra the company might charge for professional photography or setting up the initial listing.
Deciding between a flat rate and commission rate is not always easy and you have to take into consideration that depending on what management services you select your bookings could increase dramatically making the fixed option more appealing. Always check whether you can swap between these two options or how long you are tied into a contract.
What kind of customer service does the company offer and does that cover you as well as your guests? For example, if your guest has a problem in the middle of the night… will your Airbnb management company be on-call to handle it?
Some Airbnb management companies are small operations with only a handful of staff based in a central location. It’s. always good to go with a company who has local account managers as they will offer more tailored, professional service.
As with any management service, it’s important for you as the customer to be able to easily view financial results. How much have your earnings improved over the past six months? What commission have you paid out to the management company? What specific services have been provided for that commission? Choose a management service that has software or a tracking app for your financial results.
When making a formal offer on a property in Nicaragua, it is highly recommended that you get a complete home inspection. You want to ask the home inspector to start his inspection as soon as your offer is accepted by the seller. Contacting a home inspector before having an accepted offer from the seller is a waste of time, money and effort.
Properties in Nicaragua are usually sold “as is.” Therefore, a home inspection in Nicaragua is done for two reasons:
1. To find out if the property needs any serious replacements such as a roof, retainer walls, plumbing or electrical systems, or if there is any structural damage. It is also possible a home has serious termite damage.
2. To make a list of smaller repairs that can be done before you move in.
A home inspection might make or break a real estate purchase. Sometimes, a home inspector delivers a report with bad results. Maybe you’d hate that to happen, but if it saves you from buying a bad property, then the home inspector has done his job. You could also use the inspection report to re-negotiate the purchase.
Before you hire a home inspector in Nicaragua you should ask these 16 questions first:
1. Are you familiar with Nicaragua building standards and codes as well as North American building standards? A U.S.-licensed home inspector will probably not know anything about the local building codes and building materials used. And a local civil engineer will probably not know anything about the building standards you are used to.
2. Will your home inspection explain in the report anything you find that might comply
with Nicaragua construction standards but not with the usual North American standards? I would like to know the specifics about anything that might be different than what I would expect to find in a North American home.
3. How experienced are you? How long have you been doing home inspections? Have you worked with reputable real estate agents?
4. Do you keep your expertise up to date? There are always new construction systems, new materials being introduced in the market. Do you have the necessary knowledge about paint, mold protection, roofing and construction materials like marble, granite and others?
5. Is your focus on residential inspection or commercial construction?
6. Will you do inspections on drainage, septic systems, the swimming pool and its equipment? Will you do a termite and mold inspection?
7. When you do a home inspection on a condominium or gated community, are common areas included in your report?
8. How do you check for roof and gutter leaks when it doesn’t rain?
9. Do you offer repairs and improvements or are you able to make a referral when repairs are needed?
10. Are there any parts of the structure that you do not cover in your home inspection?
11. How long will the inspection take? How long will it take to receive the report? A thorough home inspection on a typical single-family house takes three to four hours. When the property is larger or has additional structures, additional time might be necessary.
12. Do you need a copy of the property survey and building plans if they are available?
13. What is the cost of a home inspection? Do you have a choice of varied reports? Can you send me sample reports? Does the inspection report depend on the size of the property, the size and age of the home, and the scope of services?
14. Can I attend the inspection? Most home inspectors will prefer to work on their own, as there will be a lot of delay when you’re there. If you can, give the home inspector a list of details you would like to have included in his inspection.
15. Will you be available for any necessary discussion on the report? Well there be any extra charges for that?
16. Will you do a second inspection after repairs are made? What will be your charges?
As a real estate broker, I insist my agents recommend a home inspection to every property buyer. There are not many home inspectors in Nicaragua. Try not to use an architect or civil engineer for a home inspection; they will try to get you to build a new house. Experience is necessary as there’s a lot of corners cut in building in Nicaragua.
If you have a home in a tropical climate, you must know how to maintain it properly. A tropical climate is a ‘non-arid climate.’ It merely means that the temperature in these areas is about 30° celcius throughout the year. In tropical climates, there are only two seasons - dry and wet seasons.
In maintaining your property in a tropical climate, there are tips to consider. So when it comes to the maintenance of your home in a tropical climate, here's what you can do:
During dry seasons, the temperature can be too high. And that is why most homes in the tropics use cooling systems. The problem is, mold and stagnant air become a problem. Also, you have to deal with high electricity bills. For you to avoid high energy usage, your home should allow natural airflow.
However, you should avoid overheating your home with the natural rays of the sun. So if you have doors that are facing east and west, keep them closed as much as possible. And if you have windows facing these directions, have them tinted or shaded with awnings. Always check for the presence of mold. Keep the windows open to allow more air to pass through. If you have to use airconditioning, make sure that walls and roof are insulated to stabilise the temperature indoors.
In tropical regions, it can rain for months. So you have to be prepared for this. Consistent rainfall can be detrimental to your home if the design is not ideal for it. Remember that good home design should be able to protect water damage. Roofs should be steep to move the water away from your home. Most homeowners use the rainwater to their advantage. They have a drainage system that collects most of the rain to prevent it from seeping through the foundations of their home.
While you are approaching the rainy seasons, make sure that you checked everything, from your roof to your drainage system. You cannot stop the rain from falling. So what you can do is to be prepared for it. Also, if where are living at is prone to typhoons, make sure that you regularly inspect anything that can be potentially damaged by strong winds and rains.