Owning a new property in a foreign country, with its different customs and languages is very different from homeownership in your home country, especially at a distance.
The way we see it, our role is not limited to the property purchase transaction, it also includes guiding you from start to finish, including advice on how to best manage the differences between owning property in your home country and owning property in Mexico. We always recommend property management to new owners as a best practice for the transition to your new vacation home as absentee owners.
Why? They look after all the aspects of home management that you do not have time to do or can’t do from a distance in a different language.
This is in addition to any staff on the property. This will make it easier and smoother and more enjoyable for you in your new home. The decision will be up to you, however, we must advise.
Here is a handful of some of the services professional property management offer to foreign absentee owners:
- They can be your eyes and ears here on the ground for the property.
- They speak the same language as you so communication is clear.
- They speak the same language as the people of the country.
- Act as a cultural bridge for different customs and practices you will encounter as an owner.
- Communicate with your employees, instruct them.
- Pay your employees using correct channels according to govt law
- Ensure tasks are performed properly and timely.
- Service-oriented staff at check-in /check-out for yourselves and friends and family.
- Concierge services offered as if in a hotel.
- Pay all bills and services such as electricity and water and your yearly taxes and bank trust.
- Pay security and other local costs for you.
- Assist with operating permits and other state and local government requirements.
- Present monthly account statements in English of where your money is going exactly.
- Keep up to date with local requirements and law.
- Guest services (for yourselves included when needs arise)
- Airport transfers if requested.
Also available if desired is rental support.
Our advice would be to contract with a property manager for 6 months. This way, you can get used to managing this new asset. Then, you can choose to end or extend the contract with the property manager.