Property Management

More than just a place to stay

Nica Projects

Nica Projects is a real estate development and property management company focused on the Nicaraguan residential investment home market. We have been operating in Nicaragua since 2007, and know the customs and country very well.

Playa Tesoro is a real estate project located on an island between the Tamarindo River and the Pacific Ocean, near Leon, Nicaragua. It is over 30 acres in size and has a significant amount of quality ocean beachfront. Nica Projects is preparing and servicing the land and subdivided it into beach and riverfront lots. Later phases will deliver more products.

 

Our Services

Advertising includes Internet, newspapers, networking and word of mouth. We show the property and screen potential tenants. Tenant screening is the MOST critical point in property management. We always do our best to eliminate questionable applicants. Screening includes credit and public records, previous rental history, personal references and our personal impressions of prospective tenants. Our services include:

  • Entering into a lease with the tenant.
  • Collection of rents from the tenant and forward proceeds to the owner.
  • If needed; we send late and eviction notices. We will initiate legal action against tenants on behalf of the homeowner.
  • Coordination of repairs or forward maintenance requests to the homeowner. We have a number if independent contractors who offer preferential pricing and excellent quality services to Playa Tesoro property owners.
  • Provision of year-end statements to property owners for each property.

To protect the owner’s investment, Playa Tesoro Management arranges inspections of the property before and after the tenant moves in. In addition, inspections are made during the tenancy as needed. Photos and a written report are arranged, plus each tenant completes a move-in report to insure a proper record of the property’s condition.

To keep owner maintenance costs to a minimum, tenants are directed in the lease to pay for minor repairs. Also, Playa Tesoro management provides insured handymen at reduced rates. In addition, licensed contractors are called to make repairs on major air conditioning, heating, electrical, and plumbing repairs.

 

Our Fees

Our fees for full-service property management are economical.

  • We retain 25% of rents received as a commission.
  • If the unit is vacant or rents are not received, we do not earn a fee.
  • There are no additional advertising or releasing fees.
  • There is a one-time $100 set-up fee that may be paid from the first month’s rent when received.
  • There is an annual $50 account maintenance fee. This fee covers our bookkeeping costs for year-end statements and for tax statements.
  • Fees may be negotiable for property owners with multiple properties or in exceptional cases.

 

Our Property Management Types

 

Option 1: Full Service Property Management

Option 2: Rent and Return

Under this option, we perform all of the services above from initial consultation, up to the point of entering into a lease on behalf of the owner. At that point, the management of the property is returned to the property owner.

Option 3: Free Services

As a community service and in order to establish new business relationships; we offer several free or at-cost services.

To protect the owner’s investment, Playa Tesoro Management arranges inspections of the property before and after the tenant moves in. In addition, inspections are made during the tenancy as needed. Photos and a written report are arranged, plus each tenant completes a move-in report to insure a proper record of the property’s condition.

To keep owner maintenance costs to a minimum, tenants are directed in the lease to pay for minor repairs. Also, Playa Tesoro management provides insured handymen at reduced rates. In addition, licensed contractors are called to make repairs on major air conditioning, heating, electrical, and plumbing repairs.

We are committed

Nica Projects is a real estate development and property management company focused on the Nicaraguan residential investment home market. We have been operating in Nicaragua since 2007, and know the customs and country very well.

I had such a great experience at the vacation in Playa very relaxing. Highly recommend
by – John M,
Edmonton AB
Me and my wife wanted to try something new, we got a good price on a condo in Playa Tesoro. The food was great love our walks on the beach great get away!
by Kenneth Sandoval
Calgary, Alberta

Updates & Events

More than just a place to stay

Things To Do In Playa Tesoro

TURTLE HATCHERY
Watch hundreds of baby turtles hatch every evening (Oct - Jan)
BOAT TRIPS
Boat trips down an untouched 24-mile long river full of wildlife and fish.
SURFING
Perfect beginner-friendly surfing waves infront of your porch
MOTORBIKES
Use your motorbike or ATV to explore Nicaragua to your hearts desire
FISHING
Fishing trips in both the ocean & local river
SWIMMING POOLS
Family sized swimming pools steps from the porch
Kathryn Wallace
Chair Manager
Kathryn Wallace
Chair Manager
Intelligent, ambitious, energetic and proactive perfectionist. Working with Kathryn Wallace is a signature of success.
Jerry Edwards
Sales Manager
Jerry Edwards
Sales Manager
Intelligent, ambitious, energetic and proactive perfectionist. Working with Kathryn Wallace is a signature of success.
Virginia Holland
Real Estate Agent
Virginia Holland
Real Estate Agent
Intelligent, ambitious, energetic and proactive perfectionist. Working with Kathryn Wallace is a signature of success.
Donald Douglas
Marketing Strategist
Donald Douglas
Marketing Strategist
Intelligent, ambitious, energetic and proactive perfectionist. Working with Kathryn Wallace is a signature of success.

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