We offer investors a comprehensive administration from property management, rent collection, payment of invoices, tax withholding, payment of other units acquired from wells, etc. We become trusted agents in Asuncion for our foreign clients.
Present for both parties
From ordinary repairs to the follow-up of renovations on move-in or move-out, we are in move-in or move-out, we are there for the whole process. We keep track of all the events events that occur in the flats. Connect with Assumption Investments and Administraciones Inmobiliarias by Email / Whats app / Call, we will provide you the status of the we will provide you with the status of the work step by step and keep you updated. The tenants communicate directly with us without the need to have contact with the owner. landlord. Our landlords can have peace of mind that a member of the team will take care of all team member will deal with all emergencies and at any time of the day, you can rest easy knowing that we are there for both of you. can rest easy knowing that we are there for both parties.
Complete Property Management
Our team provides a comprehensive service, working closely with investors and making the investment a satisfactory experience.
No monthly fees. We charge a % of the rent
Property marketing
Tenant Screening
Preparation of the lease contract
Payment of Expenses And Tax Withholding
Repair and maintenance
Property Inspections
Ongoing Advice
Some properties in administration
11 Frequently asked questions about property management property management
Having a property manager to take care of all potential problems that may arise in a property gives the owner that peace of mind needed to make investing a rewarding experience. property gives the owner that peace of mind needed to make investing a rewarding experience. We are here to give you that peace of mind! to give you that peace of mind! Check out the answers to the 10 questions homeowners ask most often.
We can! And we do. We have a deep knowledge of the Asunción real estate market. Clients buying as investors rely on us to help them choose the right type of property to buy.
The biggest movement in the residential, commercial and corporate rental market is concentrated in three demand hotspots and their surrounding neighbourhoods:
* Centro Histórico
* Villa Morra
* Shopping del Sol - Paseo Galería
Choosing the right property for the right rental market makes it much easier to find the right tenant. We often start working with prospective tenants for a particular property while the sales contract is still in the process of being finalised. still in the process of being finalised. This reduces vacancies and maximises the immediate return on investment.
The biggest movement in the residential, commercial and corporate rental market is concentrated in three demand hotspots and their surrounding neighbourhoods:
* Centro Histórico
* Villa Morra
* Shopping del Sol - Paseo Galería
Choosing the right property for the right rental market makes it much easier to find the right tenant. We often start working with prospective tenants for a particular property while the sales contract is still in the process of being finalised. still in the process of being finalised. This reduces vacancies and maximises the immediate return on investment.
We have two stages to find the right tenant.
The first is to ensure that the property is in optimal condition reflecting its best potential and in line with what good tenants expect. Real estate is an important investment, but when it comes to renting, it is often the small details that make the difference. the small details; impeccable paintwork, maintenance carried out, the right equipment for the demand, etc. The most usual is that this is done with the same guarantee of the tenant that ends his contract, but when the property is brand new we sometimes suggest a small additional investment. we suggest a small additional investment.
The second step in finding good tenants is to produce quality photographs and market our clients' properties on national and international websites. our clients' properties on national and international websites. We select the websites carefully and although it is more expensive to highlight properties for rent, we believe the benefits outweigh the costs. to highlight properties for rent, we believe the benefits outweigh the costs. Other real estate agents will not pay this extra this extra fee and therefore will not give your listing maximum exposure.
We always attract the right type of tenant, so vetting and occupancy flow more smoothly and result in fewer major problems. result in fewer major problems. This approach generates the maximum return for the client.
The first is to ensure that the property is in optimal condition reflecting its best potential and in line with what good tenants expect. Real estate is an important investment, but when it comes to renting, it is often the small details that make the difference. the small details; impeccable paintwork, maintenance carried out, the right equipment for the demand, etc. The most usual is that this is done with the same guarantee of the tenant that ends his contract, but when the property is brand new we sometimes suggest a small additional investment. we suggest a small additional investment.
The second step in finding good tenants is to produce quality photographs and market our clients' properties on national and international websites. our clients' properties on national and international websites. We select the websites carefully and although it is more expensive to highlight properties for rent, we believe the benefits outweigh the costs. to highlight properties for rent, we believe the benefits outweigh the costs. Other real estate agents will not pay this extra this extra fee and therefore will not give your listing maximum exposure.
We always attract the right type of tenant, so vetting and occupancy flow more smoothly and result in fewer major problems. result in fewer major problems. This approach generates the maximum return for the client.
We will help you, we are the first to ensure that your property is at its maximum potential to facilitate our work.
our work. For each job we have a number of professional suppliers and contractors. Often they are already familiar with the developments and
the building managers. Therefore, they know what is expected of them and how to supply, install and inspect the work of their employees to make sure everything is up to standard.
of their employees to make sure everything is up to scratch.
When it is a new property the property owner pays for these things because they are part of the fixtures and fittings. Without However, when the property has already been vacated by a tenant, the property will be repaired at the tenant's expense and is deducted from the tenant's guarantee.
When it is a new property the property owner pays for these things because they are part of the fixtures and fittings. Without However, when the property has already been vacated by a tenant, the property will be repaired at the tenant's expense and is deducted from the tenant's guarantee.
In Asunción, the usual 12-month contract is 50% of one month's rent paid by both the landlord and the tenant.
tenant. In the case of furnished units, if the rent is for 6 months only, the landlord pays only one commission per year.
per year.
For contract renewals we charge 25% of the rental amount to each party. For 6 month leases we charge only once a year. once a year.
For contract renewals we charge 25% of the rental amount to each party. For 6 month leases we charge only once a year. once a year.
We analyse the tenant's profile thoroughly and carefully. We do a credit history check of the tenant and his guarantor, verifying that their
guarantor, verifying that their income is adequate for the agreed rental amount. In the case of individuals
we request a letter from the employer or VAT affidavits as appropriate, as well as proof of tax compliance.
tax compliance. For legal entities, in addition to the VAT returns, we request the latest balance sheet as well as a certificate of appointment of signatories.
As for the amount of the guarantee, tenants leave a minimum of 1 month deposit when they move in. We cover without problems the maintenance when leaving the property. In case of corporate rentals, houses, commercial premises or properties with high properties with high investment in furnishing, we usually increase the required deposit to be covered.
Our experience has been very good indeed, with all the properties managed with the payments up to date and we have always we have always provided the properties with the required guarantee.
As for the amount of the guarantee, tenants leave a minimum of 1 month deposit when they move in. We cover without problems the maintenance when leaving the property. In case of corporate rentals, houses, commercial premises or properties with high properties with high investment in furnishing, we usually increase the required deposit to be covered.
Our experience has been very good indeed, with all the properties managed with the payments up to date and we have always we have always provided the properties with the required guarantee.
We do! In the real estate agency we keep an account for each owner, collect the rents, pay all the owner's expenses, including real estate tax
including real estate tax, building expenses if applicable, and financing payments if any.
We also provide the owners with monthly statements and settlements for each property.
In case of emergency, all costs or repairs and replacements are paid without approval, if they are below an agreed amount. agreed amount. If the amount is greater than the pre-approved amount, then we will obtain the owner's approval.
In case of emergency, all costs or repairs and replacements are paid without approval, if they are below an agreed amount. agreed amount. If the amount is greater than the pre-approved amount, then we will obtain the owner's approval.
Due to our strict tenant selection process, our landlords experience very few late payments. If a tenant fails to pay on time, they are reminded on the last day of payment, which is usually the 5th of each month, and thereafter they are surcharged an amount pre-agreed in the contract for each day of arrears. If the situation persists we will send a formal intimation, and then an eviction notice.
We try to work with the tenant to bring them up to date or to get them out of the properties before their lease expires. In Paraguay, leases often have termination clauses by the landlord unilaterally and without cause with prior notice. Time is of the essence, so we move fast. We can always find a new tenant quickly in the city of Asunción. But again, we emphasise that with our system, such things are extremely rare.
We try to work with the tenant to bring them up to date or to get them out of the properties before their lease expires. In Paraguay, leases often have termination clauses by the landlord unilaterally and without cause with prior notice. Time is of the essence, so we move fast. We can always find a new tenant quickly in the city of Asunción. But again, we emphasise that with our system, such things are extremely rare.
They are part of a process. The starting point is that all the properties that we manage are handed over in impeccable condition and with all the maintenance
condition and with all maintenance carried out, and it is agreed in the contract that this is how they are to be returned. Then, when the tenant leaves the property
the tenant leaves the property, we draw up with him/her a receipt of the property where a non-exhaustive list of the repairs that can be seen at first sight is detailed.
repairs that can be seen at first sight, and new ones can arise later on. Once the keys have been returned to us, we normally have 60 days in which to
to return the guarantee amount. We promptly make arrangements to return the property to its full potential, and verify payment of utilities.
We verify the payment of the services, and once all maintenance has been carried out, the remaining balance is paid to the former tenants.
Landlords usually bear no costs in this process from one tenant to the next.
During the administration of the contract, tenants may contact us to say that something is damaged or broken, we check whether the problem is the tenant's, the landlord's or the consortium's responsibility. the problem is the responsibility of the tenant, the landlord or the consortium. If necessary, we will organise the work. Contractors must be appropriately qualified and licensed and meet the high standard required for each building. standard required for each building. If the cost is the landlord's responsibility, we will approve a charge if it is less than an agreed amount and simply deduct it. agreed amount and we will simply deduct it from the month's performance. If the cost is higher than agreed, we contact the owner for approval.
In our experience very few and unusual costs are borne by the owner, the key is to start by handing over the keys to a spotless property in order to be able to demand to receive it in the same condition. keys to an impeccable property in order to be able to demand to receive it in the same condition.
During the administration of the contract, tenants may contact us to say that something is damaged or broken, we check whether the problem is the tenant's, the landlord's or the consortium's responsibility. the problem is the responsibility of the tenant, the landlord or the consortium. If necessary, we will organise the work. Contractors must be appropriately qualified and licensed and meet the high standard required for each building. standard required for each building. If the cost is the landlord's responsibility, we will approve a charge if it is less than an agreed amount and simply deduct it. agreed amount and we will simply deduct it from the month's performance. If the cost is higher than agreed, we contact the owner for approval.
In our experience very few and unusual costs are borne by the owner, the key is to start by handing over the keys to a spotless property in order to be able to demand to receive it in the same condition. keys to an impeccable property in order to be able to demand to receive it in the same condition.
Paraguayan law does not establish a minimum duration of contracts, in the case of flats they are usually for 12 months,
Although in larger units it is normal for tenants to prefer a term of 2 years due to the costs involved in moving out.
move-in costs. In furnished units we have a minimum rental term of 6 months.
In the case of commercial or corporate rentals it is usual to go for 24 or 36 month terms because of the expenses involved in the the costs involved in adapting each tenant to the property.
In terms of turnover, we know when a rental contract will end, so we check with the tenant 60 days beforehand whether or not they want to renew it. If not, we look for a new tenant. We advertise the rental property in our broker system and on all portals and we physically show the property to prospective tenants. Our average is to re-occupy the property within 30 days of release, although in some cases we manage to have the property serviced and re-occupied within 48 hours!
See question 8 regarding the maintenance of the property between one tenant and another.
In the case of commercial or corporate rentals it is usual to go for 24 or 36 month terms because of the expenses involved in the the costs involved in adapting each tenant to the property.
In terms of turnover, we know when a rental contract will end, so we check with the tenant 60 days beforehand whether or not they want to renew it. If not, we look for a new tenant. We advertise the rental property in our broker system and on all portals and we physically show the property to prospective tenants. Our average is to re-occupy the property within 30 days of release, although in some cases we manage to have the property serviced and re-occupied within 48 hours!
See question 8 regarding the maintenance of the property between one tenant and another.
Firstly, the stability of the value of the guaraní means that this variable does not have such an impact on the profitability of the property.
the profitability of the property, resulting in some cases in contracts in guaraníes that end up receiving more dollars at the end of the contract than at the beginning.
at the end of the contract than at the beginning.
There is no fixed rule although there is a market normality, rents of less than usd 1,000 are usually made in guaraníes, although in the case of furnished apartments with high demand from foreigners, contracts are usually made in dollars. in the case of furnished flats with high demand from foreigners, contracts in dollars are usual. For amounts over 1,000 are usually in dollars, with a few exceptions of local companies or families that require the rent to be fixed in guaraníes, and this becomes part of the negotiation.
There is no fixed rule although there is a market normality, rents of less than usd 1,000 are usually made in guaraníes, although in the case of furnished apartments with high demand from foreigners, contracts are usually made in dollars. in the case of furnished flats with high demand from foreigners, contracts in dollars are usual. For amounts over 1,000 are usually in dollars, with a few exceptions of local companies or families that require the rent to be fixed in guaraníes, and this becomes part of the negotiation.
We offer a comprehensive management service, where the owners do not have to take care of anything related to the property, other than receiving their monthly receive their monthly settlement and statement of account.
We want to work with our clients for the long term: to find properties for our investors, to find tenants for the property on a yearly basis and to for the property, and manage each contract taking care of the property and the owner. For this reason our fees are a maximum of of 8% of each rent collected, in case of several properties, rentals of significant amounts or entire buildings we make tailor-made proposals.
We want to work with our clients for the long term: to find properties for our investors, to find tenants for the property on a yearly basis and to for the property, and manage each contract taking care of the property and the owner. For this reason our fees are a maximum of of 8% of each rent collected, in case of several properties, rentals of significant amounts or entire buildings we make tailor-made proposals.