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Residencias Los Jardines - Life & Times

ISSUE #632: Oct. 23-29, 2016

Life Chugs Along as I Find the Hammock

Brian Timmons, Newsletter Author
Brian Timmons

Dear friends,

When I started Residencias Los Jardines, I started writing a weekly newsletter -determined to tell all the good, bad, and the ugly. I knew some readers would be interested in the construction process. I expected others might be interested in the lifestyle of two people who had decided to live outside the box. For others, the adventures of Lita, the parrot and the cat took on an entertainment saga all its own.

Residencias Los Jardines is finished. We periodically have re-sales and rental availability. Some readers may be interested in this information.

Brian Timmons
Developer / Property manager
Residencias Los Jardines

Web: http://www.residenciaslosjardines.com
Emails: info@residenciaslosjardines.com
ResidenciasPropertyManagement@gmail.com

 
Featured
rentals & sales

Paradisus Condos / Rohrmoser
FOR SALE / RENT
Visit our website

Paradisus Condos - click to visit

Each of the units consists of two bedrooms / two bathrooms, and a large living/dining/kitchen area. The floor plan of each of these units has eliminated the optional "den / office" divider. The result is a larger area offering more flexible furniture arrangements while still maintaining the option of including an office area. At 105m2 plus two parking spots each and storage locker, they offer a great opportunity for someone seeking views, security, central location, and first class, all round living...

PRICE REDUCTION
Semi furnished unit: For sale: $235,000
Fully furnished unit: For sale: $245,000
Floor 12 -west view

 
More Opportunities
rentals & sales

DEEP DISCOUNT,
Condominio Santa Lucia, Tres Rios

FOR SALE / EXECUTIVE HOME
Visit our website

Price reduction: $490,000 $520,000 (Appraised: $800,000)
6 bedrooms
5 bathrooms
610 m2 (6,500 sf)
2 Story
2 Car garage

 
Market activity
sales & rentals

Sales: Unit #107 For Sale... Condition has been met. Closing date has been established. Unit #114 is now listed for sale.

Rentals: Paradisus: Nothing available
Los Jardines: Units #112 and #106A are available for rent.

 
Residencias Los Jardines
property management, rentals & re-sales

FOR SALE
Unit #106A: $ 165,000 / See Unit
Unit #107: $ 205,000 / Conditional offer has been accepted / See Unit
Unit #114: $ 199,000 / See Unit

FOR RENT
Unit #106A: $ 1,200 mo. / Immediately / See Unit
Unit #112: $ 1,250 mo. / Immediately / See Unit

For sale

UNIT #106A
FOR SALE
$165,000

Total Area (Sq Ft): 1250
Total area (Sq M): 120
Bedrooms: 2
Bathrooms: 2
Floor(s): 1
Type: Apartment
Furnished: Yes

This is a fully furnished 2-bedroom unit situated in a 2-story building, which has two units on the ground floor and two units on the 2nd. floor. Each unit is the same size (1,250sf) divided into 800 sf of interior space and 450 sf of covered front and back terraces. Units 106A and B are on the ground floor; Units 106 C and D are on the 2nd. Floor. The solid masonry demising wall (common wall) as well as the 5" concrete slab prevent sound transference.

UNIT #107
FOR SALE
$205,000 / Conditional offer accepted

Total Area (Sq Ft): 1716
Total area (Sq M): 158
Bedrooms: 2
Bathrooms: 2.5
Floor(s): 2
Type: Detached
Furnished: Yes

This 1,716 sf. (plus parking for one car) two story, detached house, with three terraces, two bedrooms (one on each floor) and upstairs master suite is a beautiful home. This home consists of two VERY large bedrooms (one on each floor) with en-suite bathrooms and a powder room, each with large closets with extensive built-ins for personal organization. The vaulted living room and ground floor bedroom ceilings as well as the master bedroom on the 2nd floor, provide a feeling of grandeur while allowing the warmer air to rise and exit through the ceiling ventilating system. There are three TVs (one in each bedroom and one in the living room.) This is a beautiful home. There is a rough-in for a dishwasher in the kitchen area.

UNIT #114
FOR SALE
$199,000

Total Area (Sq Ft): 1290
Total area (Sq M): 120
Bedrooms: 2
Bathrooms: 2
Floor(s): Single floor
Type: Attached
Furnished: Yes

This 1,290 sf. (plus covered parking for one car and two lockers 67 sf.) single story, semi detached house, with garden terrace, two bedrooms is a beautiful executive style home. This home consists of two large bedrooms one with six piece en-suite bathroom with additional access to separate full shower. Each bedroom has large closets with extensive built-ins for personal organization. The vaulted living room and bathroom ceilings provide a feeling of grandeur while allowing the warmer air to rise and exit through the ceiling ventilating system. There are four TVs (one in each bedroom, one in the living room and one in breakfast / dinning room.) This is a beautiful well appointed home.

For rent

UNIT #106A
FOR RENT
$1,200 mo. / Immediately

Total Area (Sq Ft): 1250
Total area (Sq M): 120
Bedrooms: 2
Bathrooms: 2
Floor(s): 1
Type: Apartment
Furnished: Yes

This is a fully furnished 2-bedroom unit situated in a 2-story building, which has two units on the ground floor and two units on the 2nd. floor. Each unit is the same size (1,250sf) divided into 800 sf of interior space and 450 sf of covered front and back terraces. Units 106A and B are on the ground floor; Units 106 C and D are on the 2nd. Floor. The solid masonry demising wall (common wall) as well as the 5" concrete slab prevent sound transference.

UNIT #112
FOR RENT
$1,250 mo. / Immediately

Total Area (Sq Ft): 1290
Total area (Sq M): 120
Bedrooms: 2
Bathrooms: 2
Floor(s): 1 Story
Type: Attached
Furnished: Yes

This 1,290 sf single floor home includes a 300 sf front terrace plus parking for one car. It is attached on two sides by a 6 inch cement demising (common) wall, which prevents sound transfer.

 
Our Lives

Weather: Rains are backing off as we move into November, the usual month to transition into the dry season.

This week saw "re-connecting" with long time friends... One visited and the others phoned. It was great. These are all friends of 25 or so years...

This has been another week with no business calls. Agents I speak with find the market dead, dead, dead... what few calls they do receive, are very low budget clients... $500 - $800... often times with very unreal expectations and sometimes with attached demands... One agent who has brought me substantial business over the past several years, is expecting an uptick in business following the US election... regardless of the outcome... I don't think so but we'll see... personally, I don't want either one of their attitudes brought to CR...

 
News Items of the Weeknews

Comments

1. "Inactive" corporations: no changes yet but perhaps coming.

2. CR Criminal Management????? system at work: Incredible!!!!!!

3. New Private University: I find this unusual and the location as well.

4. Car Insurance: here are some of the highlights: a 27% increase over last year and over 50% involve motorcycles. Motorcycle accidents increased by 67% over 2015 figures.

5. A New Medical Devices Expansion: I didn't know it existed... employs 1,950 people... Wow!

1. Some politicians want more info from inactive firms
By the A.M. Costa Rica staff

Expats who own inactive corporations to protect assets like vehicles and homes are being put in a bad light by a new proposal.

The Frente Amplio political party proposed Tuesday that inactive corporations be registered with the fiscal authorities to avoid having the country listed as a tax paradise. Such corporations, said the party in a summary, are a means to launder money and avoid payment of taxes. The statement was attributed to Edgardo Araya Sibaja, who heads the party in the legislature.

He was quoted saying that revelations by the hacked Panamá papers showed that inactive corporations are used to hide wealth and for money laundering for drug traffickers and other illegal activity.

In Costa Rica inactive corporations are those that have no economic activity and do not file annual tax returns, but they are useful in property ownership.

Araya cited concerns by Global Forum officials
suggesting that the country would be designated a fiscal paradise if action were not taken to learn more about inactive corporations.

The Global Forum says it has become the key international body working on the implementation of the international standards on tax transparency.

It is an agency of the Organisation for Economic Co-operation and Development.

Another lawmaker, José Ramírez, said that Frente Amplio wants all corporations to be listed with tax authorities and that all keep financial books and that this requirement would not affect those who use the entities for legitimate purposes.

Still, with a new law designed to fight tax fraud, corporate owners now have to report the full list of shareholders to tax officials every year.

The lawmakers did not put their proposal into a law. They spoke before the Comisión de Hacendarios, and the concept might be rolled into existing legislation as it passes through the committee.

2. Murder suspect no stranger to courts
By the A.M. Costa Rica staff

Investigators have detained a man with the last name of Estrada Jiménez as a key figure in the shootings that have stemmed from turf wars for drug distribution.

Specifically, the man, 25, is believed to be behind the killing of five persons in a Sunday afternoon rampage on the beach at Cieneguita, Limón, Oct. 2.

The arrest raises questions about the effectiveness of the court system. Estrada was convicted of murder and sentenced to three decades in prison in the 2010 shooting death of a little girl. She was an innocent bystander as were most of the individuals in the Cieneguita shootings.

The conviction was overturned on appeal, and a new trial is expected.

In addition, the man has another open murder charge stemming from a killing April 8, 2013, an attempted murder charge involving an incident March 19, 2015, and a lesser charge from Jan. 12, 2016. There also is a 2009 robbery charge for which trial is set for next August.

No judge appears to have determined the man should have been placed in preventative detention.

Estrada also is a suspect in the murder of a lawyer last October.

The man was detained Monday morning in Río Segundo. His brother also was detained as were suspected associates.

Investigators said they believe that the shootings stem from a struggle for territory by several drug distribution operations.

3. University breaks ground for campus
By the A.M. Costa Rica staff

Texas Tech University broke ground Monday for its $15 million campus. The location is in Avenida Escazú west of the capital.

The university expected to begin classes in a year. The school announced in August that it was opening a Latin American branch here for an initial 1,300 students.

4. Vehicle insurance costs to go up in November

The National Insurance Institute (INS) will begin collecting mandatory vehicle circulation permits, or marchamos, for 2017 on Nov. 1, and motorists will likely have to pay more than they did for this year.

The INS announced last week that the Automobile Insurance Policy (SOA) for next year will cost 6.8 percent more on average. The SOA represents almost a fifth of the total cost of the marchamo; the rest is made up of other fees including a property tax.

The SOA for 2017 will cost ¢21,654 for cars ($39), which is 8.5 percent more than last year. Motorcycle owners will have to pay ¢61,119 ($109), representing a 5.2 percent increase, Insurance Superintendency (SUGESE) officials indicated.

The owners of Costa Rica’s more than 1.4 million registered vehicles must pay their marchamos by Dec. 31. Starting on Jan. 1, drivers without the 2017 marchamo sticker displayed on their vehicles will be fined some ¢50,000 (approximately $90) and have their license plates removed.

Accidents on the rise
The main reason for the increase in the SOA price is a spike of almost 30 percent in the number of traffic accidents recorded in the first eight months of this year, the Insurance Institute reported.

The number and severity of accidents influences the policy’s yearly prices, as funds collected from the insurance policy need to cover INS costs derived from traffic accidents that year.

Insurance Superintendant Tomás Soley said that there were 17,957 traffic accidents from January to August, representing a 27 percent increase over the same period last year.

Motorcycle accidents, at 9,546, represented more than half of that total. Motorcycle accidents increased by 67 percent over 2015 figures, according to SUGESE.

Automobile accidents in the eight-month period totaled 4,499, representing an increase of four percent over last year’s figure.

INS Executive President Elián Villegas said at a press conference last week that the number of accidents recorded so far this year, particularly those involving motorcycles, is "excessive."

Villegas said the increase in traffic accidents this year will lead to some ¢1,5 billion ($2.6 million) in SOA funds. The INS will be forced to use a special fund reserve to cover costs of the increased number of accidents.

Marchamo collection
The biggest component of the marchamo is the vehicle’s Property Tax, which represents 70 percent of the total cost. The Finance Ministry will report the variation in that tax before Nov. 1.

The SOA accounts for 19 percent of the yearly cost of the marchamo. The remaining 11 percent is distributed among other taxes.

Motorists will be able to check the exact amount they owe for the 2017 marchamo starting Nov 1. at the INS website, by phone at 800-TELEINS (8353-467), or at INS branches, banks and other authorized businesses across the country.

INS records state that vehicle owners failed to pay some 80,000 marchamos this year. Those vehicles are no longer allowed to circulate on the streets.

5. Smith and Nephew invests $55 million USD in new factory in Costa Rica

Global medical equipment company Smith and Nephew inaugurated today its new factory of orthopedic devices for sports medicine in the Free Trade Zone in El Coyol, Alajuela.

The new facilities required an investment of $55 million dollars and will add close to 250 jobs to the already existent 1,700. The English firm with headquarters in London will consolidate a total of 1,950 employments in Costa Rica.

The event had the presence of Costa Rica’s President Luis Guillermo Solis, as well as company and government representatives.

"The Government of Costa Rica is pleased to inaugurate this new factory with capacity to increase its operation by up to 250 new jobs. This is the result of the efforts of the country in strengthening the competitiveness conditions thanks to the strong alliance existent with productive and business sectors. Costa Rica is a stable economy that is currently in growth, it has a low inflation, it holds the first positions in competitiveness; the expansion of Smith & Nephew will consolidate its operation and our country in its capacity to attract foreign investment", indicated President Luis Guillermo Solis.

 

FOR RENTAL OR SALES INFORMATION
ON ANY OF THE ABOVE, CONTACT:

Brian C. Timmons
Property Manager RLJ and Newsletter Author

Costa Rica:
Cell: (+ 506) 8305-3965
Land line: (+506) 2282-4142 Ext. 101

Canada:
VOIP: (+416) 461-2203

Web: http://www.residenciaslosjardines.com
Emails: info@residenciaslosjardines.com
ResidenciasPropertyManagement@gmail.com

 

Top

Contact phone numbers

Internet Phone:
Toronto: 416-461-2203

Costa Rica:
Cell: (506) 8305-3965
Land: (506) 282-4142 Ext. 101

NOTE: Toronto number is "local call" for people in the area code; calls from outside the area code will be billed at the normal rate from the caller's area code.