Buying real estate in the Cayman Islands can provide a healthy return on investment and long-term rentals are an excellent option. The professionals at Edgewater Group can help you achieve your financial goals with very little hands-on effort.
About Us
Edgewater Group is a Construction, Property Development and Real Estate firm located in George Town, Grand Cayman. The company has two key areas of business:
- Edgewater Properties Ltd, is a full service CIREBA-certified real estate company that specializes in the purchase and sale of high-end residential homes, beachfront condominiums, commercial properties, and property management; and
- Edgewater Development Ltd, which specializes in all types of residential and commercial construction projects. Our commercial construction expertise focuses primarily on restaurants, office blocks, shopping plazas, medical offices, and other business properties.
Benefits of Owning Long-Term Rentals
Although the highest returns typically involve short-term (vacation) rentals, there are many benefits to investing in long-term rental properties. Here are just a few:
- When you invest in short-term rentals, rental income is not always as reliable as you would like. Because a longer-term tenant pays consistent rent every month, landlords can count on more consistent cash flow when compared to the fluctuations of a short-term rental.
- Maintenance is usually less expensive on a long-term rental property because tenants are not coming and going every week. Investors who have tenants who stay for years save money on marketing, screening, cleanup, and turnover costs.
- Short-term vacation rentals can require a lot of work, from continually finding new tenants to managing their needs. Long-term renters typically need you only if something goes wrong.
- If you are not on Island, a property manager for a short-term rental may cost as much as 50% of your rental income. Management fees for a long-term rental are typically a lot less expensive.
When You Need a Property Manager
Edgewater’s property management services are designed to give you the peace of mind that your investment is in good hands. With over 25 years of experience, our team can effectively and efficiently oversee the management and maintenance of your property.
Our services include:
- An assessment of needs
- Handling security deposits and rent collections
- Accounting services
- Monthly financial reports
- Inspections as needed
- Maintenance reports
- Handling turnovers when tenants vacate
- Full time maintenance and cleaning staff
- 24/7 emergency answering service for tenants
- Arrangement of surveys, insurance, and maintenance contracts
- Handling of all maintenance calls and issues
- Refurbishments, painting etc. as necessary
- Payments and disbursements on owner’s behalf
- Attendance strata meetings as needed
- Reasonable fees
- Marketing
If you are interested in Cayman Islands real estate for long-term rentals that have excellent potential for positive cash flow, be sure to partner with Edgewater Group to find the exact property you are looking for. Get in touch with us at +1 (345) 946-3343, or contact us online to learn more.