Three Common Nightmares in Panama Property Management (and Our Solutions)
When Robert came to us, he was in a state of absolute panic.
We couldn’t blame him; he was going through one of the worst Panama property management nightmares we’ve seen. His previous property manager had skipped town, with $30,000 of stolen rent money. She also left his apartments in a state of total disarray–no tenants, and in dire need of maintenance and repairs.
Another property owner came to us with a different sort of nightmare. David was a mostly absentee owner–he was only in Panama a few times a year. The concierge of his building knew this and–having sole access to his keys–would use his apartments to throw parties on the weekends! It went on for months before David realized what was happening, and by then damage had already been done.
Then there’s Samantha, whose apartment was nearly destroyed by mold. She had hired another property management team in Panama to maintain her apartment, but they neglected it. That much was evident when she walked through the door months later to find her walls blackened with thick layers of fungus.
As you can see, there’s a lot to consider when selecting a property management team in Panama. Unfortunately, most people don’t know what to look for, and can be easily taken for a ride. They may even think they don’t need a property manager, or that all property management teams are the same. It’s a serious and potentially expensive mistake.
Needless to say, none of Punta Pacifica Realty’s property management clients have ever had to worry about, let alone struggle with, any of these scenarios. That’s because at PPR we have unique systems and standards in place that ensure our clients’ investments are handled with the highest standards of professional care, security, and integrity.
4 unique solutions offered by Punta Pacifica Realty Property Management
1. State-of-the-Art Key Security
As a property owner, the idea of handing your keys over to a stranger can be unnerving. How can you be sure they are trustworthy? Organized? Efficient? And not only that– who are their employees? It’s scary to think of the keys to your prized investments in the hands of an unknown outsider.
To ensure our clients’ investments are kept ultra secure, our property management team uses the state-of-the-art Morse Key Bank –a highly advanced key control, storage and tracking system. The system is top-of-the-line and is trusted by international operations reliant on security, including the U.S Embassy. We manage a portfolio with a value of over $100 million dollars of income-generating properties for our clients using the Morse Key Bank System.
The Morse Key Bank enables us to offer our clients not only secure asset protection, but reduced liabilities and increased efficiency. You never have to wonder who has the key to your property, when they had it, or how long they’ve had it. The Morse Key Bank also helps to ensure that keys show up on time and are transferred efficiently between brokers, enabling us to get your property in front of as many potential buyers or renters as possible.
Our computerized control system offers real-time, flawless tracking and security–which translates to faster, better, and more secure service for you and your investment.
2. A Full Team of Diverse & Highly-Trained Specialists
Many property management teams in Panama are little more than a Mom n’ Pop shop, or (worse yet) a guy with a cigar box full of keys. Their limited staff, lack of in-house expertise, and imperfect security processes translate to decreased efficiency and protection for your investment.
With Punta Pacifica Realty Property Management, you have a comprehensive team of specialists on call to handle any situation. No other property management team in Panama can match the diverse range of our in-house staff–including cleaners, maintenance staff, plumbers and quality control specialists. We even have specialized legal personnel available for your convenience.
Our property management team regularly handles services such as plumbing, gypsum, mold, and filtration issues, repair, cleaning, and maintenance, as well as providing legal services for our clients. Plus, our close ties with international manufactures enable us to quickly and efficiently receive specialized parts that otherwise hard to get in Panama.
As a property owner, knowing there is a full team ready to respond quickly and expertly to any situation provides priceless peace of mind.
3. Unmatched Market Presence
Want to make the most out ofPanama City’s lucrative rental market? Consider working with a team that has a proven track record and rock-solid reputation for luxury apartment rentals & sales in Panama
With Punta Pacifica Realty, your investment will be operating within a tried-and-true framework of high-end renters, proactive marketing campaigns, and flawless communication between tenants and owners.
Punta Pacifica Realty is the go-to organization for real estate sales and rentals in Panama– particularly within the upscale region of Punta Pacifica. Roughly 75% of all real estate transactions within Punta Pacifica are channeled through our firm. People looking to rent in Punta Pacifica inevitably show up on our digital and literal doorsteps. In a market where many of the best properties are never publicly listed, PPR stands out for its ability to quickly and efficiently connect people and properties.
You wouldn’t believe the impact this has on your profit margins–and stress level. You can expect greater marketing reach, fast placement of high-end tenants and impeccable management of your investment.
4. Alliance with Multinational Corporations
You want the best possible tenants for your rental property and in Panama City that translates to corporate executives and high net-worth individuals.
In Punta Pacifica Realty’s Property Management division, we maintain close relationships with several multinational companies and organizations. These institutions have a revolving door of upper-level executives, diplomats, CEOs and politicians moving through Panama–and this represents a large portion of our renter clientele.
The crème de la crème of renters in Panama are drawn towards Punta Pacifica for its many lifestyle advantages– including its ideal central location, luxury amenities, day to day conveniences and unique oceanfront views.
Whether they come to us through one of our many multinational alliances or through their own research, these executive tenants understand that we’re the premier firm for apartment rentals in Punta Pacifica.
Jeff Barton is managing director of Punta Pacifica Realty, a Panama real estate agency focused on Punta Pacifica, the exclusive neighborhood of 18 towers perched on the edge of the Pacific Ocean.
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De nuevo, Enhorabuena. Saludos 🙂