People are buying property in Costa Rica for various reasons, some to live in it, others as a second home and yet others to earn a good income by running it as a holiday home for tourists. Managing your real estate in Costa Rica is not a problem provided you understand the legal language which is Spanish here. If you do not then you should have someone who can assist you.
If you are not planning on living here permanently it is best to let the place out to a caretaker who will also be managing your real estate in Costa Rica. This could be a family who wants to live in Costa Rica who would either pay you a rent or whom you will have to pay for taking charge of your property while you are away.
The best person or company to be managing your real estate in Costa Rica while you are not there would be the real estate agent who helped you in finding this property. He would know all the details about the transactions and will be aware of the documents which you possess and that are required for having possession of this land.
It would help if the person or family is familiar with the laws of the country and knows about paying taxes etc.You may utilize their services in doing these odd jobs for you while you are away so that you do not default on any payments. By managing your real estate in Costa Rica it means taking care of the upkeep and ensuring payments of taxes, electricity charges etc.
Directing someone who knows the business, even while you are living in another country is safe as you can be sure that he will be doing things the legal way. Maintaining records, having taxes paid and ensuring that the property is taken care of can all be done by a real estate agent of course for a fee. Remember that if a real estate agent is managing your real estate in Costa Rica, he will also be able to get you a tenant for the period you want one. This could be either long term or short term as per your need.
Locking up a home and not giving it for care to anyone will only make the property go to seed. Instead be practical about managing your real estate in Costa Rica and either hire someone to take care of it for you or allow someone to live in at least part of the home
The papers and legal documents are always in Spanish and if you do not understand the language hand over the legalities to an attorney or someone who is well versed with these things. Every country has certain norms to be followed and even though the taxes are low here there will be some issues related to it which should be handled with care. So for managing your real estate in Costa Rica find someone reliable and make sure you monitor it from wherever you are.
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