...Lets Compare Bad Weeks...

ISSUE #953: May 28-June 3, 2023

2023-06-04

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://residenciaslosjardines.com
Emails: info@residenciaslosjardines.com
ResidenciasPropertyManagement@gmail.com

Market activity
sales & rentals

Sales: Los Jardines: Unit #116

Rentals:
Los Jardines: Nothing available
Paradisus: Nothing available

Residencias Los Jardines
property management, rentals & re-sales

FOR SALE
Unit #116: $ 169,000 / See Unit

FOR RENT
Unit #126: $ 625 mo. / Jr. One Bdrm. with cover terrace / See Unit

For sale

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.

For rent
Our Lives

What Happened This Week

Weather: The rainy season seems to have finally arrived...

Stories

1. Pool Heater Completed and working: Completed and working. Monday morning, the lift truck arrived and put it into place. Two hours later we had it hooked up and working... NO leaks... works perfectly... we now just have to balance the flow between the two systems to optimize the heat. For that, we now need some sunny days. The work area is all cleaned up, debris removed, rented tin returned, and now, I will forget about this project because what followed took and contiunues to take full energy... and here is the "let's compare bad weeks" scenarios... This morning the temperature is 81F. Yesterday, it did get to 84F. If we get sun thru 2:00+, we will measure the temperature again. People have said they do notice the difference...

Background: Periodicially, I receive clips and stories about various people having a bad day... some are funny, some are tragic, but the clip / story helps one put into perspective their own experiences and hopefully, conclude their bad ??? was not as bad as the other persons... and they feel happier or at lease, releaved. Well, here goes my week... in no particular order of event or seriousness:

1. I learned a friend of 50 years passed... This was not totally unexpected but always a point of reflection on history and one's own mortality...

2. I have three condos on floors 13 and 14 of a highrise building. I was told that the hot water resevoir located on the roof of the 14 story building, had failed and water had poured down the stairwells and elevator shaft. My units were lucky, one person was home and was able to sweep out the water / the others were unaffected... I got lucky... but the elevator didn't fare as well and tenants had to walk up/down for several days...

3. I lent one car to an employee who needed to pick up his sister. He got to the church... two blocks away..and it died at rush hour traffic in the middle of a blinding rains storm... (this is the third time it has died when being used by this person)... having said that, the reasons were not necessarily his fault... and neither was this but still, the third time, rush hour traffic, in a blinding rains storm... call the tow truck, take it to the mechanic... picked it up the next day after identifying 3 problems...

4. We had a ferocious electrical storm and rain one afternoon... Gate 2 failed... after getting drench, it was put on manual operation... to be diagnosed later... diagnosis didn't take long... you can see below... fried circuit board. We located one at the other side of the city... acquired it... connected it only to determine that the motor had fried as well... back to the otherside of the city Friday afternoon rush hour traffic... negotiate the return of the new circuit board and purhase of a whole new motor... 1 hr, 15 min. plus 2 hrs of driving... it is being installed this morning... Now I understand I will have to reprogram 50 odd remote gate openers... we'll see what our next problems are...

5. Deadbeat Tenants -Toronto... they need another month to move from the ground floor to the upper level... nothing I can do about it except agree... Besides, the order given on May 25 is not yet enforceable because I have to wait for the written order to be issued... which can takes weeks to months... actually, the same for the previous hearing earler in May... still waiting for the order to be issued / written... what a bloody broken system. Of course this has been punctuated by arguments with my wife, the real estate agent who claimed wonderful things until the listing was actually signed and now is back tracking... this issue is not over with yet... and there are lots of chapters to be written... and I could, if allowed, solve it in 24 hrs with one phone call... but...

6. The Barrio Escalante foreclosure hearing held on May 25 resulted in the judge saying that an order would be issued the following Monday (this past Monday)... we are still waiting... no recourse... we wait.

7. Sewer gases -one area is being affected and we can only guess at the solutions... so far, I do not think we have solved it entirely...

8. The pressure pump for the potable water failed one evening around 5... why?? no idea... investigation never resulted in any information but resetting the breaker allowed the motor to start up again...

9. Resolution to an 11 year old problem keeps getting new wrinkles thrown in front. We keep slaying the dragons, more arise...

10. The one RE agent marketing San Bosco, seems to have died... he got an infected foot, got sepsis, was operated on, and I haven't heard from him since... wow... We put listings on Internet sites... so far, no interest... we looked up listing in the area to find agents working that area, identified 4, contact them, one responded with half interest... meanwhile, I have authorized road drainage / street side beautification work done by the neighbor who I hired to look after the place... a fantastic find... he is reliable, seemingly honest, hard workiing... that work is nearly done... will it sell the property... no but the work needed to be done...

11. The one social event I had this week was marred by a problematic RE agent... she has problems... including coordinating, making appointments, keep appointments, understanding simple issues, etc... but I have to work with what I get. I have not had a good track record with her, with her clients, etc. I said that I could be available at 4:30 Sunday if an appointment was confirmed by 3:30. At 3:30 she calls and says, "I am here"... at which point I have to rush out... ugh!!!!!!

12. At the Sunday social, I confirmed that one of our last remaining old time social group members had sold their house and were leaving at the end of June... sad, we will miss them... we've known them for 15 years... Why are they leaving? the usual... health (his is iffy), age, family...

13. Around 10:30 one evening, my phone rings (right in the middle of the last episode of Season 5 "Peaky Blinders"... "help, I smell gas - well, turn off the gas cylindar..."I don't know how. I am afraid!". Knowing that gas is not something to be triffled with, I dress, trundle to the end of the property, shut off all gass cylindars, and then make an appointment for a person to attend to the problem the next morning... "Peaky Blinders" waited until the next night.

14. And then, the fitting end to the week ...a bad case of diaharra...

Driver's license renewal, Bank Account, Canadian Taxes, +++ all await me next week....along with this past weeks unfinished business.

News Items of the Week

Comments:

1. Office Space: There is a lot of new space sitting empty... in our area, sometimes for years...

2. Gas / Diesel: Good and bad news...

1. What reasons for businesses to choose newer office spaces in Costa Rica?

Offices completed in 2015 or later have registered a net occupancy growth.

Q COSTA RICA – The demand for high-tech office spaces that exceed the comforts of home is increasing more and more. Businesses in Costa Rica are turning to newer office spaces that can compete with what workers have at home and provide decent experiences that justify commuting to workplaces.

This is reflected in the rise of rental prices for modern buildings that feature advanced services such as ultra-fast internet and smart meeting rooms.

“In today’s flight in search of quality, smart office technology is becoming more of an expectation than a luxury,” says Ariel Castillo from JLL’s Technology area.

Before the pandemic, many corporations loaded up on their “war for talent” arsenal by renting open-plan office space in attractive sectors. The buildings they chose were packed with amenities like corporate gyms, bike storage, and cafeterias.

Companies are now seeking out technologies such as artificial intelligence to understand daily routines and work habits, smart software to predict energy consumption, and media rooms for video calls in order to make the office experience more attractive than what is available at home, as the trend of hybrid work rises.

Such technologies are set to make office technology superior to what people have at home amid the rise of hybrid work.

“The more fluid environment will be a great attraction point for people to return to the office,” says Ariel Castillo, Director of JLL Technology. “Many employees like remote work and flexibility, so there needs to be a good case for returning to the office. The office should offer the same lifestyle convenience as the home.”

Recent JLL research shows that the quality journey is being fueled by outsized leases on new construction.

In Costa Rica, the office market experienced significant growth in 2022, with the entry of 59,941 square meters of new office space. This brought the total amount of office space on the market to 1,446,890 square meters.

It is relevant to note that San José maintains its position as the second-largest office market in Central America, and currently ranks 11th among the largest office markets in Latin America.

JLL reports that effective rents are expected to continue to rise on new products, while second-generation assets will require larger concession packages to remain operational. Ultimately, investing in smart technology and the infrastructure that supports it is essential for a successful office tour with potential clients.

“There is real value in investing in smart technology and the infrastructure that supports it, otherwise, the building may not even be seen by potential customers,” says Castillo.

2. Gas price hike approved; diesel dropping

The new prices at the pumps the day after their publication in La Gaceta.

Q COSTA RICA – The regulatory authority, the Autoridad Reguladora de los Servicios Públicos (ARESEP), approved on Friday an increase of ¢22 colones per liter of super gasoline and ¢1 in regular, while diesel fuel will have a significant reduction of ¢53 colones per liter.

The day following publication in the official government newsletter, La Gaceta, the price at the pumps for a liter of super gasoline will go from ¢737 to ¢759, regular from ¢708 to ¢709, and that of diesel from ¢636 to ¢583.

There is also a reduction in Liquefied Petroleum Gas (LPG), also known as propane.

The publication in the La Gaceta is expected by mid-week in the coming week.

Fuel prices in Costa Rica are regulated. The prices of fuel are figured out by ARESEP, the government agency that oversees the price and availability of public services, using a formula based on the global cost of oil and the dollar exchange rate. Adjustments to fuel prices are made on a monthly basis.

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