Shoreline Solutions Belize will work in partnership with you to ensure that you are in agreeance on the right length of tenancy to apply and monthly rent to charge, also advising you whether to let out your property fully furnished, partly furnished or unfurnished.
We offer three options to our Property Owners whether Vacation or Long Term Rental:
•Advertising on our website & other forms of Media. •Property Portfolio. •Accompanied viewing's ‘7’ days per week. •Stringent Vetting Procedure. •Property inventory. •Tenancy sign-up, Agreement, collection of Deposit and 1st Months Rent. •Quarterly inspections of property. •Account Management; includes Collection of Monthly Rents, Monthly Financial Statements, ensuring Utility Bills and Taxes are paid, Property Maintenance. •Tenancy check-out inspection. o Management Fee of 12% of monthly rent.
•Advertising on our Website & other forms of Media. •Property Portfolio. •Accompanied viewing's ‘7’ days per week. •Stringent Vetting procedure. •Property inventory. •Tenancy sign-up, Agreement, collection of Bond & 1st Months Rent. •Deposit of monies (Security Bond plus 1st month rent) directly to you. o Let only fee $795.00bzd. [Based on a 6 month agreement] 1 year or more will incur
Booking Agent Vacation Rental;
•Advertising on our Website & other forms of Media. •Property Portfolio. •Property Inventory. •Shoreline Solutions will provide payment as per Property Owners Procedures. •Shoreline Solutions will adhere to the Property Owners cancellation Policy. •Deposit of all payments paid directly to Property Owner, less commission of 20%.
Our Full Management Service is ideal for property owners who live outside of Belize. This service sources your tenants, collects monthly rental fees, fields all calls, ensures utility bills are issued and paid, manages insurance’s, taxes etc. We will even manage your local bank account and provide you with monthly statements.
Our Let Only Service will source a suitable tenant for your property, using the criteria you request. This service would be ideal for a property owner living in Belize and wants to manage their own property, or for a Property Manager wanting to use the services of an “Agent”.
Other services available to property owners include scheduled property maintenance, maid service, yard/landscaping service, laundry provision, and administration & government matters.
As a Landlord, You should;
- Pay the building insurance and keep up to date with any local taxes.
We will ensure the Tenants;
- Pay the rent on time and the deposit on signing tenancy agreement.
- Pay or make a contribution towards the utility bills, as well as any other costs agreed and stated clearly in the tenancy agreement, such as:
Telephone charges, television and cable fee’s etc.
- Return the property to you at the end of the contract in the same condition as at the start of the contract allowing for fair wear and tear.
Preparation of Property:
By preparing your property correctly can mean the difference between renting your property and having it empty for a long period of time. Therefore before you have either your first or your next potential tenants to view you property, ensure it is immaculate as first impressions count.
Here are a few tips to consider;
- Complete any small DIY jobs such as painting, screens fixed etc.
- Air the property by opening windows and purchasing a few air fresheners, remember that some tenants may be allergic to pets, or not willing to rent a property previously smoked in. So make sure that all signs of odors and hair are removed.
- If your bathroom or kitchen looks tired, applying some of the following practices will make a difference.
a. Re-paint the ceiling and walls.
b. Clean, re-grout any tiled areas that are going black.
- Clean all yards / Gardens and repair any damaged fencing.
- Organize rooms so that their purpose can be seen. [Fully Furnished]
During this process always remember that you have now decided to rent your property and not to get personal about any changes. The changes that you implement are there to attract the widest possible Tenants in your area by preparing your property correctly for your intended market.
What rent shall I charge?
In renting your property, the asking price is critical in attracting potential tenants. Too low and you could lose thousands of dollars, too high and no interest is shown.
Contrary to popular belief Rental Agents do not set rental prices. All they do is estimate a reasonable property rent based on their knowledge of the property market. At the end of the day tenants determine the price of renting a property based on what they are willing to pay. So being flexible on the rent you want to receive plays a key factor in renting your property. [Sometimes it is better to accept a reasonable offer than have the property standing vacant]
Follow the steps below and you will be able to easily price and set your rental price. When setting your rental price do not be tempted to inflate the rent as this will simply drive tenants away and your home will take longer to lease.
- Review Local Papers in the Property Section;
This will give you a rough estimate of the rental value of your property.
- Rental Agents;
Looking at your local rental agent’s properties will help you to further refine the price of your property.
- Review Local Property Rental Websites;
This is the quickest and easiest step. Search for similar properties to rent in your area on the local property websites.
List them out and objectively position your property against them. This is your competition and tenants will be comparing your home with these similar properties.
- If you feel your property is worth more, ensure we can justify why in the description.
There are very few properties that are listed that are unfurnished. Of those that are, appliances are nearly always provided.
Generally speaking properties that are furnished include - Appliances, Hard Furnishings, Window Screens, Beds, Mattresses, etc.
Fully furnished properties include all of the above plus Bed Linens, Bathroom Linens, Kitchen Crockery & Equipment. Televisions, Stereos and DVD’s are a separate issue so always enquire, though televisions and microwaves are becoming the standard.