Owning a property in the Dominican Republic is a rewarding investment—but for foreign buyers who don’t live full-time in the country, proper property management is essential. Whether it’s for vacation rentals, long-term tenants, or personal use, having a reliable local team can make all the difference.
What Is Property Management?
Property management involves the day-to-day operations, maintenance, and financial oversight of your property. For foreign owners, it ensures peace of mind while you’re abroad.
Services may include:
- Rent collection & guest coordination
- Housekeeping & maintenance
- Bill payment (utilities, taxes, HOA)
- Emergency repairs
- Marketing & booking management (for vacation rentals)
Why You Need It as a Foreign Owner
- Language barriers: Local managers handle communication with service providers and tenants.
- Time zone difference: Issues can arise at any time—having someone local is crucial.
- Compliance: Ensures you follow Dominican laws, tax regulations, and HOA rules.
- Protection: Avoids vacancy damage, squatting, or equipment failure due to neglect.
How to Choose a Property Manager in the DR
Look for firms or individuals with:
- Verifiable experience and references
- Bilingual communication skills
- Transparent pricing and service packages
- Experience managing foreign-owned or short-term rental properties
Ask these questions:
- Do you offer 24/7 support?
- Can I access reports remotely?
- Do you handle all repairs and inspections?
Cost of Property Management
Fees typically range from:
- 10–20% of monthly rental income (vacation properties), mostly 20%
- Flat monthly fee for long-term or personal-use properties
Optional extras (charged separately):
- Marketing/advertising
- Deep cleaning or renovation (supervision)
Property management is a smart and necessary investment for anyone buying real estate in the Dominican Republic from abroad. With the right local team, you can enjoy the financial and lifestyle benefits of ownership. Without the headaches!
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