The warm Caribbean breeze, the smell of salt in the air, and the abundance of sunshine have gotten you hooked….welcome to the club!!! People from across the globe spend their vacations with us year after year. Then they end up deciding to make La Isla Bonita a permanent fixture in their future.
There are so many ways to make those dreams a reality. Purchasing or building a vacation rental are by far two of the best routes to take.
I’ve met quite a few clients over the years that were in the early stages of retirement planning. They were looking for the smartest way to begin laying the groundwork for that monumental day. The best way to make the most of your investment dollars is to purchase a property that is currently being rented out or has the potential to do so.
Property values continue to climb annually and what is affordable today may not be the case 10 years from now. Take advantage of today’s market. Allow your property to pay for itself and possibly generate income. All while you are waiting for your retirement to kick in!
3 options to consider when investing in vacation rentals
- Purchase at a resort with onsite property management – Having management onsite ensures that your guests are cared for 24/7. There is zero stress on your end. All the bookings, tours, transportation, etc. are taken care of on your behalf.
- Purchase a condo and hire a management company – While we don’t provide property management services, we do work hand in hand with a reputable company that will take care of your guests every need. From the booking process, right down to a golf cart rental, they take care of it all!
- Purchase your dream home and advertise yourself on AIRBNB – While this may seem a little daunting, it is possible to maximize your investment by doing some of the work on your own from home. We’re able to provide referrals for house cleaners and maintenance personnel. A lockbox will ensure that guests can let themselves in upon arrival.
Belize is continuously being featured in prominent magazines and media outlets from Forbes to International Living. The number of guest arrivals takes astronomical leaps every single year and shows absolutely no signs of slowing down. We have proven to be a hot spot in international travel. Taking advantage of investing in a commodity like rentals is a wise choice that you won’t regret capitalizing on!
Lisa .W. Quiroz
RE/MAX Island Real Estate