—Vida y tiempo—
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.
rentals & sales
Paradisus Condos / Rohrmoser
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...
sales & rentals
Sales: Los Jardines: Units #114, #116 and #124
Paradisus: Nothing available
Los Jardines: Units #106C, #106D and #113
Residencias Los Jardines
property management, rentals & re-sales
Total Area (Sq Ft): 1290
This 2 bedroom/2bathroom,1,290 sf single floor end unit home includes a 150 sf front terrace plus parking for one car. This house is fully air conditioned and has recently been professionally decorated by international decorator Alcides Graffe and has undergone a complete renovation—new modern furniture, finishings, window coverings, and art work by Carlos Gambino. It is arguably the nicest furnished unit at Residencias Los Jardines and only steps from the pool
Total Area (Sq Ft): 1290
This 1,290 sf single floor home includes a 300 sf front terrace plus parking for one car and a separate, secure storage locker. It is and end unit and therefore attached on only one side by a 6 inch cement demising (common) wall, which prevents sound transfer.
Total Area (Sq Ft): 662
This 662 sf, + covered parking for one car, is a one bedroom home on the 2nd floor overlooking the large pool. It is ideal for a single person or couple.
Total Area (Sq Ft): 1250
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.
Total Area (Sq Ft): 1227 + parking
This 2nd story, 1,227 sf (113 m2 + one parking space) is a georgous home with one of the best views at Los Jardines. The very large front covered terrace faces east and is suitable for entertaining; the off-bedroom covered terrace faces west for sun sets. This very tastefully furnished and fully equipped home offers a lifestyle envied by many.
Total Area (Sq Ft): 1290
This 1,290 sf single floor home includes a 300 sf front terrace plus parking for one car. It is attached on one side by a 6 inch cement demising (common) wall, which prevents sound transfer. The three other sides allow light, ventilation and garden views.
Rainy Season... Actually, this is another very dry "rainy" season. We have been watering for the past several weeks. Yesterday we had a slight rainfall... but this is the first in several weeks in our area. I have not heard any national statistics but on the other hand, I have not read anything about flooding and road blockages due to slides and / or washed out bridges so I feel that so far, this is another dry rainy season.
What Happened This Week
Vacancies: Another week and not one inquiry...
Hard Times: We continue not to see any clients. Our vacancies continue. Last Sunday we had a long term tenant who held a birthday party at the pool for their child -the music level was beyond, way beyond, reasonable. He became upset when told to turn it down... he is leaving... an owner insists her dog is not responsible for dog poop... well, the piles are right next door to their house, we have two eyewitnesses, and there are only two other dogs which are both accounted for... so who do I believe???? big fight coming... A long time agent who, over the years, has given me lots of business... but nothing over the past several years is looking for a very low rent home in exchange for preferential clients and no commission charges... his explanation is that it is too difficult to do business in this country and people / companies are just closing and leaving (he noted GAP (clothing chain) closed down and left // The would-be-buyer for La Trinidad, disappeared when it came time to sign.. // Cost of gas (already the highest in Central America -is increasing substantially / reporting requirements and new taxes are chaotic // I am thinking of closing down my little business and going underground into a shoe box like 42% of the work force // The municipalities in our area have bought millions of gallons of yellow paint which they are busy slapping over large swaths of curbs which will be policed for parking fines (from nothing to substantial fines) and white paint designating parking spaces for which you have to buy a parking ticket (if you can find where to buy them)...this is a new source of revenue for cities (they have just figured this out)...Santa Ana is building a big new, fancy municipal headquarters and has just taken a slightly used soccer field in the center of town and turned it into an extensive public park // The apartment-hotel in the middle of Santa Ana occupying a full block and which had few clients over the past 20 years has been replaced by a huge new MaxiPali (Walmart owned chain) // I know of three ticos who have no jobs / no income / and are wondering how they will survive... unemployment is up substantially in the country (see article below) // The colon keeps rising against the US dollar -everywhere else in the world the US dollar is appreciating -we have now had a 40 colon drop about an 8% increase in our cost of living... // for the first time ever that I can remember, we now have several owners who are having to funnel money back into their units...they withdrew too much and are running vacant... with no clients in sight...
A friend says this country is in for a "reset" like the US in 2008-9. While we read a few things which could imply this could happen (see articles below and in previous letters) we also see things living here... while interpretation is not an exact certitude, enough observations and experiences begin to raise concerns...
Property Management: The client who flew home to deal with a pregnancy returned because her insurance was not accepted... She and husband have moved back in temporarily...
"La Trinidad" Foreclosure: When it came time to close, the would be purchaser disappeared. Guess I will have to close on it this week and get serious about marketing it. I say "close" because it seems cost / time effective to buy out the idiot debtor... and move on... if he wants to be difficult, o.k., I can foreclose and cause him problems for a long time... I really don't care...
Hotel Friends: We have friends in Jaco. They came to CR about the same time as us...we were neighbors in Toronto but didn't know each other at the time but ended up having a mutual friend. They built and ran a hotel... got tired and wanted to sell.. After several years and continued price reductions, they accepted an offer from an American woman... she has become the purchaser from hell. She has lied to them, defaulted on them many times and has now defaulted on a major payment and gone silent. They will proceed to foreclose -it will be expensive. time consuming and energy draining... Their future is tied up in the balance owing...
Nitty-Gritty Shi...ty - Shi..ty: We are still trying to figure this out. We are fairly sure no money is missing but also very aware that expenses were not pick up and our current system of account administration / organization is definitely screwed up...
News Items of the Week
1. CC payment defaults: They are increasing in amount and duration.
2. New Investment: Only 5% of companies plan new investment this ..construction, mfg and service sectors being the least inclined to invest.
3. Exchange Rate: Colon continues to strengthen against the dollar. Ever where else in the world, the dollar is rising...and the exchange rate is predicted to get stronger when the Eurobond float hits the local economy.
4. Gas Prices: Going up..we are already the highest in Central Am.
5 / 6. Unemployment: Officially at 11+% / Informal employment at 46%--seems like a very high percentage.
7. Battle at the Border: Each country trying to get a buck from the workers...in likely contravention of international agreements. Seeing the lengthy delays that truckers face crossing the borders in each direction makes one want to scream...
8. MOPT and design criteria: Over designing without regard to reality...engineering with blinders...these guys and CONEVI seem to be the product of years of interbreeding...
FOR RENTAL OR SALES INFORMATION
Brian C. Timmons