Shareholder Meeting -A Dull Event

ISSUE #801: March 1-7, 2020

2020-03-08

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: https://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

FOR RENT
12-2 at Paradisus $1,400 mo.
this one has white living room furniture

Market activity
sales & rentals

Sales: Los Jardines: Units #114, #116 and #124

Rentals:

Paradisus: 12-2 at Paradisus $1,400 mo. (white living room furniture)

Los Jardines:
Available immediately: Units #104 $900 mo. / #125 $875 mo.
Available March: Units #112 $1,150 mo. / #126 $700 mo.

Residencias Los Jardines
property management, rentals & re-sales

FOR SALE
Unit #114: $ 199,000 / See Unit
Unit #116: $ 195,000 $ 189,995 / See Unit
Unit #124: $ 125,000 / See Unit

FOR RENT
Unit #104: $900 mo. / UNFURNISHED / Available immediately / See Unit
Unit #112: $1,150 mo. / Available March / See Unit
Unit #125: $875 mo. / Available immediately / See Unit
Unit #126: $700 mo. / Available March / See Unit

For sale

UNIT #114
FOR SALE
$ 199,000

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

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

UNIT #116
FOR SALE
$ 195,000 $ 189,995

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

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.

UNIT #124
FOR SALE
$135,000 $ 125,000

Total Area (Sq Ft): 662
Total area (Sq M): 61
Bedrooms: 1
Bathrooms: 1
Floor(s): 2nd Floor
Type: Semi-Detached
Furnished: Yes

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.

For rent

UNIT #104
FOR RENT
$ 900 mo.
Available immediately

Total Area (Sq Ft): 1140
Total area (Sq M): 106
Bedrooms: 2
Bathrooms: 2
Floor(s): Single Floor
Type: Detached
Furnished: No

Single story, detached, two bedroom / two bathroom, 100 M2 / 1,064 SF, with a back yard, covered terrace, UNFURNISHED, one parking, vaulted ceilings, lots of built ins... bright in all rooms, with lots of windows and flow through ventilation. Parking for one car.

UNIT #112
FOR RENT
$ 1,150 mo.
Available March

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.

UNIT #125
FOR RENT
$ 875 mo.
Available immediately

Total Area (Sq Ft): 662
Total area (Sq M): 60
Bedrooms: 1
Bathrooms: 1
Floor(s): 2nd Floor
Type: Semi-Detached
Furnished: Yes

This 662 sf, (62M2)+ parking for one car and 33sf locker is a one bedroom home on the 2nd floor overlooking the large pool. It is ideal for a single person or couple—or investment property.

UNIT #126
FOR RENT
$ 700 mo.
Available March

Total Area (Sq Ft): 530
Total area (Sq M): 50
Bedrooms: 1
Bathrooms: 1
Floor(s): 1 Floor
Type: Detached
Furnished: Yes

A small one bedroom with outside covered terrace with top of the line finishes (granite, stainless steel appliances, fine crafted wood cabinetry, +, +, +), with lots of well thought out storage...

Our Lives

What Happened This Week

Weather: Normal... the wind's showed up...

Stories

Security Cameras: Still on my list of "to dos". We had a techie in but he wanted to sell us new cameras -that is not the problem- in the process of showing us what he didn't know, he screwed up what was working... we had to sort it out and wished him well elsewhere. Still working on this... I suspect it is a design problem which can be rectified with a piece of equipment and a system re-configuration. I do not think it an installation deficiency.

Shareholder Meeting: Held as scheduled. Very little interest / participation. I don't know how to interpret this... but that is the way life is. For now, Vito and I will continue on with Daisy's help. We are hoping there will be an end to the administrative compliance work; the new accountant is beginning to get up to speed and complete the back reports. Soon, she should be able to focus on my history...

Foreclosure-La Trinidad: I continue to wait -I was told 3-4 months. It has only been 1 1/2 months. The other borrower is trying -whether he is going to be able to resolve his situation is yet unknown. He has bought some time with me but he has to resolve his problem.

Hope for the Future: I am going to start a training program this week. I am sure he is capable... otherwise I wouldn't even start this... whether he wants to do the job or not is the unknown... He will be getting a trial period over the next several weeks...

Investment Business: Concluded another short term deal with the same builder. In addition I expect to close this week a longer term deal with a new partner. We continue to look for additional opportunities.

CAJA (Social Medicine System): After three weeks, lots of money, two appointments, Lita is now re-inscribed. We were able to apply for our renewed cedulas (an ID card which is required for virtually everything). Now we wait to receive the physical card -in the interim, we have a document saying the physical card will be coming in April...

Market Activity: We have had a lot of showings but only one taker... and I am not sure how that is going to work out...

Delinquency Enforcement: Periodically, this has been an issue of concern -either for tenants or owners who fall behind on their rent or HOA fees. My lease advises what will happen and our Shareholder's agreement does as well. Several lawyers when contacted have expressed concern that the procedures / provisions outlined are enforceable / legal in CR. I have never agreed... (but who am I... just a guy with common sense which doesn't necessarily mean anything here)... Regardless, I received a notice sent to all owners of condos in a large complex in Rohrmoser in which I own some condos. What the announcement said was far more aggressive than any of my provisions -I am sure the administration received legal counsel before making such a public announcement... I want to find these lawyers with cajones...!! I will continue to believe our provisions and application of these are reasonable and legal.

News Items of the Week

COMMENTS

Earthquake: we actually felt this..5.4 / 8:30 pm... I thought Lita was getting frisky...

Inflation: according to the government, the inflation rate in 2019 was 1.8% ...based on the amount of government fees I have had to pay over the past month... I question this figure... I don't think the government stats consider government imposed processing fees... they get pretty heavy for slow, complex, convoluted services... and the legal fees for compliance is not added into the inflation but yet the cost of doing business has substantially increased... wow!!!

Coronavirus: as of now, it seems CR has 6 confirmed cases... the first seem to have come from inflected New Yorkers... this is the only news in CR ...no bigger than normal drug busts, no outrageous crimes, normal accidents and construction BS... normal expat concern about US politics and stock market, normal disinterest in both by ticos.

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

Brian C. Timmons
Property Manager RLJ and Newsletter Author

Costa Rica:
Cell: (+506) 8-455-59-35
Land line: (+506) 2282-4142 Ext. 101

Canada:
VOIP: (+416) 461-2203

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

 
Previous reports

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

Contáctenos