HOME Fractional Details Lot 6 "Casa de Playa" Lot 17 "Brisas del Mar" Location About Panama Property Management Usage Terms Owner Benefits Rental Program Investment Potential Las Olas Resort Las Olas Master Plan About Us Activities Contact Us Visit Us Buy Now Evening on the beach at Los Olas Villas PanamaFractional.com - Panama Fractional Vacation Home Ownership - Own an ocean front estate and live the dream! Fractional vacation home ownership is now a real possibility. We have 2 fractional vacation homes for sale. - Fractional home ownership vacation, fractional home, fractional homes, fractional home ownership, panama real estate, panama fractional home, panama home Property Management The Home Owners Association will operate like most condo associations. There will be monthly expenses that need to be paid, like utilities, staff salaries, pool cleaning etc. There will also be reserves that need to be set up to handle long term maintenance, like roof replacement, painting, furniture replacement etc. The owner will not have to handle these details. The Management Company, which is hired by the HOA, will perform these tasks. Here is a partial list of things the Management Company will handle: Hiring and Managing the on site staff. Maids, yard and pool workers. Maintaining the property vehicle. Preparing the detailed financial records and budgets. Payment of all utilities', insurance, bills etc. Property maintenance and upkeep/improvements. Handle the arrival of owners and guest. Transportation, check in etc. Keeping the master schedule of who is using the property. The Management Company at "Las Olas Resort" will be the first company to run this property. This gives the owners and guest a local office to communicate with. They are only a few doors away. The control of the Management Company will be decided by the owners on a yearly basis. The contract with them can be renegotiated at that time. The owners will always control who manages the property.

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