Renting

Your Dominican Republic Property

Many of our buyers chose to use their properties as rentals when they are not in the DR. Renting and the ability to have a DR property pay for itself often makes owning possible. If you are planning on using your condo or villa for just a few months per year, then renting may be for you.

The Dominican Republic is the Caribbean’s leading tourist destination with a strong base and continued strong arrivals and growth. Yearly, the Ministry of Tourism invests over 45 million dollars on international promotion. The DR tops over five million tourists each year.

For our buyers who want to rent their condo or villa, this means occupancy rates between 20-90% over the course of the year (depending on location, type of property, decorating, etc.) and nightly rates from $80 – $500/US a per night.

 

Where Do You Start?

Many condo and villa developments have on-site rental management programs and cater to owners who are not in residence. Dominican Republic Properties works with several developers and companies that offer this type of product.

If you choose to buy a property in an area that does not provide this service, then there are several reputable property management companies in the area. Please let us know and we will be happy to put you in touch with one of them, as well as provide information about how their programs work. In addition, companies like AirBnB have made a dramatic impact on the holiday market around the world. We suggest that owners also utilize these types of vacaton marketing avenues and funnel renters through their local DR management company. This provides double marketing, but still no work for the owner.

Part of our service is to advise you on which properties will make the best rentals, how much they will rent for on a daily or monthly basis. You should be aware of all the charges you will need to cover with your property such as maintenance and condo charges and the rental agent’s fees.

We are here to assist with explaining rental in more detail, as well as ensuring you get your rental set up and earning income.

little boy and parents on beach
beautiful condo view

Setting Up For Rental

Turnkey

Every rental company has a minimum list of what is necessary to place your property in their rental program. Below is a general list:

  • Furniture: living room suite; dining room suite; small table and chairs for outside patio or terrace; if you have a pool, then pool chairs, a bed and night stands in each bedroom;
  • Appliances: fridge, stove, microwave, blender, toaster, coffee maker; washer; BBQ
  • Kitchenware: dinner set for four-eight persons; glasses and coffee mugs; wine glasses; silverware serving spoons; spatula; pancake flipper, wisk; plastic bowls for serving; plastic juice container; colander; set of pots and pans; frying pan; can opener; drainboard; paper towel holder
  • Linens: 2 sets of sheets for each bed; towels for four-eight persons; washcloths; hand towels; dish rags; dish towels; oven mitts; placemats; shower curtains (if necessary)
  • Audio/Video/Computer: tv in the great room (many developments want tv’s in every bedroom) ; Ipod docking station; modem for Internet; tv receiver for cable (if necessary); possible Amazon Alexa or other

Don’t buy the high end furniture package.

Renters must pay for any damage to your unit, but wear and tear on furniture is to be expected and will happen over time. We always suggest to buy sturdy furniture, with removable covers for washing.

But how to accomplish all this in a new country? We have many clients that have chosen to spend the time and energy to do all their own shopping. There are lots of really good furniture and department stores in the area. Another option is to just let a decorator take over the whole job. We can recommend a decorator that will work within your budget.

Should I decorate well?
Yes!! The better your property looks, and the more it feels like home, the better it will rent. You will have repeat renters and word of mouth clients that you otherwise would not have had. Again, a decorator will have the right “eye” and know the best way to add warmth, character and tropical feel to a space, while sticking to budget. They will also know where to buy those specialty items like decorations, artwork, coordinating pillows/fabrics etc. Most clients find using a decorator alleviates stress and brings about a coordinated, beautiful result.

What little “extras” can I do?

  • Provide a guest book for renters to sign. This shows community and it’s fun reading for you and them.
  • Ensure your place is kept spotless. Most management companies have great cleaning, but make sure the little things are being done.
  • Provide a blow dryer in the main bath
  • Really nice, fluffy towels
  • Leave a list of restaurant delivery places on the fridge door
  • Offer excursions if the management company doesn’t
  • Airport pick up and drop off

What can I do to save money?

  • Put your air conditioners on a timer. Renters love to turn it on and go to the beach.
  • Put in an on demand hot water heater. Saves money over the electric kind.
  • Try a solar pool pump, and solar hot water heater

What Kind of Costs?

  • Condo/subdivision fee: monthly fees in a condo are usually less than those in a villa.
  • Cleaning and yard/pool upkeep: if your property is rented, tenants will expect daily cleaning service and in the case of a house, your yard and pool must be maintained. There is no pool/garden fee in a condo (it’s built into the condo fee) and electricity is generally less because a pool pump is not running.
  • Utilities: most developments have onsite facilities to pay your bills for you. If not, a management company can handle the collection and payment of monthly expenses.
  • Maintenance and repairs: costs associated with replacing appliances, dishes, towels, bedding, etc., as well as upkeep of the property. Many developments have onsite staff to handle painting, electrical issues, plumbing problems, etc.
  • Insurance: dependent on value of property and how much you want to insure contents for. Generally a $200,000 US villa will be about $1,400 US/year.

Approximate, Monthly/Yearly Costs

  • Subdivision/Condo Fee:  $150-$400 US
    • Includes security, back-up power, garbage collection, maintenance of common ares, sometimes gas, cable, internet)
  • Rental Management Costs:  20% of short term rental income, 15% of long term rental income (over one month generally)
  • Cable:  $30-$100 US for a general/upgraded channel package
  • Housekeeping:  $50-$300 US.  Dependent on level of service/number of days per week of service/size of property)
  • Electricity:  a general rule is $50-$100/month per bedroom if a rental unit
  • Internet:  Can be a separate cost $20-50 US, dependent on package
  • Insurance:  $500-$1,800 US/year.  Dependent on property value.

 

To Rent Or Not To Rent

PRO’S

The big pro to renting is not having any bills here in the DR – and likely earning an income over and above monthly expenses. It’s great to make your initial investment in a condo or villa, and then have the property carry itself. Most buyers find they earn a tidy sum over and above expenses and use the money for their vacations, or even have it wired back to their home countries. We caution buyers to keep a realistic mind set. It’s a rare rental property anywhere that can be expected to carry all its monthly expenses, additional mortgage financing costs, and also have $$ left over.
For people that own property in two countries, most find that their real estate in their home country costs them money every month. It’s nice if their DR property doesn’t dip into their wallet. We even have a few developers offering a rental guarantee.
Because all properties we sell have full management services and a rental component, it’s not necessary to source renters or worry about the actual “renting” of the property personally. The DR is a solid tourist destination, and management/rental companies are good at putting properties and renters together. Check ins/outs, maintenance, marketing, and renter services are all handled by the rental program – usually in-house at many developments. You can supplement your income by doing additional marketing yourself on sites like Airbnb, VRBO, and in your own area.

 

CON’S

The cons to renting include wear and tear on your property, having strangers in your home, being unable to truly personalize the property, and sometimes finding time to use it yourself. While rental companies are good at ensuring your condo or villa doesn’t sustain damage, normal wear and tear like paint marks, furniture deterioration, loss of dishes, etc. is a normal occurrence. Expect to purchase a lot of towels, sheets, and glasses! These are all considered a cost of doing business. Actual damages are not acceptable: broken lamps, bbq’s, stereos, etc. Renters are charged for any actual damages they cause.

Some Great Properties

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Incredible 3 bedroom Villas at Villas Campo Del Mar 2

Sosua, Puerto Plata 57000

3Bedroom(s)
3Bathroom(s)
1Parking(s)
15Picture(s)
187.52
ONLY 2 UNITS LEFT, Hurry for this awesome deal! Campo del Mar 2 consists of 1, 2 and 3-bedroom villas built around a common area with pools, playground, wonderful green area and beautiful paths where you can enjoy Paradise. Prices begin at $259,000 with down payments beginning ay $50,000 USD. Developer financing is possible for up to 10 years with 5% annual interest.
$259,000

REDUCED PRICE FROM $425,000 - INCREDIBLE Ocean Views in a 3 bedroom Es

Sosua, Puerto Plata 57000

3Bedroom(s)
3Bathroom(s)
2Parking(s)
20Picture(s)
162
This 3 bedroom, 3 bathroom Coral Villa in Villas Marinas offers many upgrades. It is wonderfully regal. The villa also offers some of the best views Villas Marinas has to offer. With plenty of indoor space, and even more fabulous outdoor space, you can spend many hours enjoying a relaxing lifestyle yet still feel completely pampered. You need to see this villa to appreciate it's potential.
$425,000

Incredible Custom-made 4 bedroom, 4 bathroom Villa

Sosua, Puerto Plata 57000

4Bedroom(s)
4Bathroom(s)
2Parking(s)
9Picture(s)
366
This awesome, regal villa needs a little TLC but would be the ideal home for someone looking for a spacious, elegant villa to fully experience and enjoy a Tranquilo lifestyle in the Dominican Republic. Imported roof tiles, beautiful cathedral ceilings, upgraded countertops and backsplash are just a few of the many reasons why you need to come and see this villa.
$345,600

Do you love Casa Linda's Villa Wave or Villa Bluepearl designs?

Carretera Sosua-Cabarete Entrada el Choco, Sosua, Puerto Plata 95000

2Bedroom(s)
2Bathroom(s)
2Parking(s)
10Picture(s)
192.25
Then why build if you can simply move in with everything you will need. This villa has plenty of fantastic outdoor space. Relax/Dine and enjoy your day/evening’s on the large covered pool terrace or take time out on the upper Terrace in the hot jacuzzi watching the beautiful Caribbean sunsets.
$350,000

Looking for that perfect retirement spot?

Sosua, Puerto Plata 57000

3Bedroom(s)
3Bathroom(s)
1Parking(s)
12Picture(s)
160.06
This is a 3 bedroom, 3 bathroom villa has always been owner occupied and never rented. Relax in a tropical backyard, floating in your pool, entertaining family and friends in a great outdoor area or finding a spot to just CHILL, you really do need to see what this villa has to offer. It is being sold completely furnished, turnkey, if you are looking for an investment property.
$279,000

Great Outdoor Space!

Sosua, Puerto Plata 57000

3Bedroom(s)
3Bathroom(s)
1Parking(s)
11Picture(s)
149
This beautiful 3 bedroom with ensuite bathrooms is a spacious villa with a fantastic outdoor living space. IMAGINE spending your days and nights enjoying the tropical gardens and covered terraced area where you can have the best of both sun and shade.
$279,000

A Perfect Dominican Republic Starter Villa

Sosua, Puerto Plata

2Bedroom(s)
2Bathroom(s)
22Picture(s)
1,150Sqft
$199,000

Great Property - 4 bedroom in Popular Gated Community

Sosua, Puerto Plata 57000

4Bedroom(s)
3Bathroom(s)
2Parking(s)
18Picture(s)
281.94
Spacious and well-structured villa, overlooking the sea, for a total of 282 square meters built on a plot of 1200 square meters surrounded by a rich tropical garden, fully furnished and equipped. It consists of three distinct blocks that give onto the large coralline stone patio in the center of which is the large private swimming pool.
$345,000

Looking for a very Private 3 bedroom Villa in Paradise

Sosua, Puerto Plata 57000

3Bedroom(s)
3Bathroom(s)
2Parking(s)
16Picture(s)
144.10
Stunning home nestled on a unique ravine lot in the secure gated community of Casa Linda.Immediately as you enter this incredible Sunseeker style villa you see through the living area to the full glass wall, with sliding doors overlooking the pool with floating glass fencing overlooking a gorgeous tropical ravine.
$299,000

First floor 2 bedroom/2 bathroom Condo in Sosua Ocean Village

Sosua, Puerto Plata

2Bedroom(s)
2Bathroom(s)
20Picture(s)
0.00
Last spacious condo with 2 bedrooms and 2 bathrooms situated on the first floor. Living area with full kitchen and dining table, large outdoor terrace that overlooks the green and pool area. Price includes furniture and appliances.
$199,000

Bayrock Beach Condo with Roof Terrace - Panoramic Ocean View

Sosua, Puerto Plata

2Bedroom(s)
2Bathroom(s)
10Picture(s)
1,603Sqft
If an ocean view is on your radar then this condo will tick all the boxes!  This three level unit offers a main level with open plan living looking out through a glass wall to the ocean.  The large, second bedroom and full bath complete this level.
$260,000

Hispaniola Beach Condos

Sosua, Puerto Plata

1Bedroom(s)
11Picture(s)
1,600Sqft
Starting at $239,000 US, Pre-construction condos.  Some units still for sale in Phase 1.Hispaniola Beachfront  Condominium Complex is one of the largest, most exclusive and desirable condominium developments on the north coast of the Dominican Republic.  The beach front complex is located in the center of Sosua and with-in walking distance to all amenities.
$239,000

Brand New Condos @ Encuentro Beach

Cabarete, Puerto Plata

1Bedroom(s)
1Bathroom(s)
20Picture(s)
101
Be the first to buy one of these brand new, almost complete condos at Encuentro Beach.  You'll be just a short walk to one of the best, eclectic surfing beaches in the area which is currently booming!   Quaint restaurants and a great vibe make this the quintessential Caribbean place to be and it's been the best kept secret.
$148,000

Villa Lotus - Pre-construction

Sosua, Puerto Plata

3Bedroom(s)
3Bathroom(s)
4Picture(s)
210
Villa Lotus is a pre-construction model at one of the best residential communities on the north coast, Hispaniola.  This project began in 2006 and currently has 130 completed villas.  This is a very well managed project ran by a great developer.  Built time is approx. 10 months.  There are several plans to choose from and Hispaniola is an excellent custom builder too.
$245,000

Villa Taino - Pre-construction

Cabarete, Puerto Plata

4Bedroom(s)
3Bathroom(s)
6Picture(s)
203
Villa Taino is a pre-construction model at one of the best residential communities on the north coast, Hispaniola.  This project began in 2006 and currently has 130 completed villas.  This is a very well managed project ran by a great developer.  Built time is approx. 10 months.  There are several plans to choose from and Hispaniola is an excellent custom builder too.
$225,000

Villa Caoba - Pre-construction

Sosua, Puerto Plata

3Bedroom(s)
2Bathroom(s)
6Picture(s)
136
Villa Caoba is a pre-construction model at one of the best residential communities on the north coast, Hispaniola.  This project began in 2006 and currently has 130 completed villas.  This is a very well managed project ran by a great developer.  Built time is approx. 10 months.  There are several plans to choose from and Hispaniola is an excellent custom builder too.
$195,000

Villa Colibri - Pre construction

Camino Del Llibre, Sousa, Sosua 57000

2Bedroom(s)
2Bathroom(s)
5Picture(s)
94
Villa Colibri is a pre-construction model at one of the best residential communities on the north coast, Hispaniola.  This project began in 2006 and currently has 130 completed villas.  This is a very well managed project ran by a great developer.  Built time is approx. 10 months.  There are several plans to choose from and Hispaniola is an excellent custom builder too.
$145,000

Villa Hispaniola - Pre-construction

Camino Del Llibre, Sosua, Puerto Plata 57000

3Bedroom(s)
2Bathroom(s)
6Picture(s)
128
Villa Hispaniola is a pre-construction model at one of the best residential communities on the north coast, Hispaniola.  This project began in 2006 and currently has 130 completed villas.  This is a very well managed project ran by a great developer.  Built time is approx. 10 months.  There are several plans to choose from and Hispaniola is an excellent custom builder too.
$199,000

Villa Yasmin - Pre-construction

Camino Del Llibre, Sosua, Puerto Plata 57000

2Bedroom(s)
2Bathroom(s)
8Picture(s)
0Sqft
Villa Yasmin is a pre-construction model at one of the best residential communities on the north coast, Hispaniola.  This project began in 2006 and currently has 130 completed villas.  This is a very well managed project ran by a great developer.  Built time is approx. 10 months.  There are several plans to choose from and Hispaniola is an excellent custom builder too.
$199,000

Villa Sunset - Pre-construction

Carretera El Choco, Sosua, Sosua 57000

2Bedroom(s)
2Bathroom(s)
8Picture(s)
1,156Sqft
Smartly Planned For Real Tropical Life!Enjoy the Caribbean in this smartly planned villa. Although a smaller home, Villa Sunset at Casa Linda Villas has all the great finishes of the executive plans, all in a very well designed in a floor plan that makes excellent use of space and flow. Sunshine streams through the glass doors along the side and back of the villa, mixing indoors and out.
$207,300

Villa Sunbreeze - Pre-construction

Cabarete, Puerto Plata

2Bedroom(s)
2Bathroom(s)
9Picture(s)
1,463Sqft
Bright, Smart Tropical SpacesModern sophistication meets tropical life. Villa Sunbreeze at Casa Linda Villas merges indoor and outdoor living! Its spacious kitchen with large island peninsula is open to the bright living room with expansive glass doors and views to the sundeck and pool.
$238,400

Villa Whitesand - Pre-construction

Carretera Sosua-Cabarete, Sosua, Puerto Plata 95000

2Bedroom(s)
2Bathroom(s)
10Picture(s)
1,642Sqft
A True Tropical Dream Home!Villa Whitesand at Casa Linda Villas is a very functional, comfortable and contemporary home with an open-plan design that maximizes light and views to the outdoors.A large covered terrace with outside bar are perfect for enjoying cool drinks, fun times and the best the DR has to offer – perfect weather.
$280,700

Fantastic Custom designed Villa at Casa Linda

Carretera Sosua-Cabarete, Sosua, Puerto Plata 57000

2Bedroom(s)
2Bathroom(s)
24Picture(s)
1,515Sqft
This beautiful home is situated on a spacious pie shaped lot with ample yard space.There are 2 master suites each with it’s own walk in closet and en-suite bathroom. The large kitchen boasts a water fall island and is open concept onto the spacious dining and living areas. The living room features oversized sliding glass doors that open onto a large terrace overlooking the pool.
$240,000
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