A rising trend since 2014 has been the demand for long term rentals from retiree ex-pats who are shunning the responsibility and expense of home ownership in Panama and want to rent for the duration of their retirement. Apart from the obvious cost savings many retirees want a flexible and hassle free life style which a well managed long term rental offers.
There are many rental houses in popular areas of Panama but few are fully furnished with a good standard of finishing and available for longer periods of a year or more. And even fewer that will let potential tenants have a trial stay of a month or more in a house to see if they like the house and neighbourhood. As it is only after living in a house that you know how noisy the neighbours are and the things that need repairing.
Realising this demand Tute real estate has developed a portfolio of long term rental houses in the town of Santa Fe and the surrounding area. On offer are one bedroom to three bedroom houses ranging in price from $450/month to $800/month, included in the monthly rental are maid service, gardener, electricity, water and trash collection.
The people who have already chosen to rent long term in Santa Fe in houses that i manage cite the main reasons for their decision being :-
– an all inclusive rental home makes it easier to budget when living on a fixed income.
– the flexibility to come and go as they please. If they want to go away for a couple of days or weeks the house is always looked after.
– no need to struggle with learning the language as everything from organising domestic staff to home improvements and repairs are handled by the rental manager.
– no need to sign utility contracts as these are included in the rental price.