Connect with PVAngelsJoin PVAngels on FacebookJoin PVAngels on TwitterPVAngels News Feeds Tell a Friend PVAngels Newsletter  
Home Home   About PVAngels   Get Involved   Local News   Event Calendar   Add a Charity   Partners for Change   Contact Us      Search Search PVAngels 

Mexico Business & Finance News

Puerto Vallarta • Riviera Nayarit 

  News &
Politics
Issues &
Opinions
Business &
Finance
Health &
Evironment
Lifestyle &
Entertainment
Travel &
Outdoors
Science &
Technology

Short-Term Versus Long-Term Rental of Your Investment Property in Mexico

The Yucatan Times - The Yucatan Times
go to original
May 29, 2016





One of the things to consider after you have purchased property in Mexico is whether you´d like to rent it out. Earning some money from your new investment can go towards paying off any funds that were borrowed to make the purchase or simply serve as a profitable side business. So the question invariably leads to whether you should look at short-term rental (also known as a vacation rental) or long-term rentals as the way to go.

When you are renting out your house or condo for a few days at a time (or even a weekend) this is referred to as a short-term rental, or vacation rental. In general this would usually apply to tourists or visitors from out of town who are looking for an alternative to staying in hotels or purchasing a vacation package. You will likely rent out on a weekly basis, or even offer nightly rates. In Playa del Carmen it´s common to charge double or more during peak holiday seasons like Christmas and New Year’s Eve, where demand is quite high. This also applies to popular festivals like BPM in January which tends to draw groups of people who are looking to save on expenses by sharing a house or condo.

In the case of long-term rentals you would be renting your place for an extended period of time, with tenants typically signing contracts for 6 months or 1 year. There are many advantages to this, the most obvious being that the monthly payments become a source of steady revenue that you can rely on. As an owner you would obviously be limited in the amount of use you can get from your own property, so when it´s your time to enjoy vacation and are hoping to get some time in your home you might be out of luck.

Read the rest at The Yucatan Times

Photo: ShutterStock

  Check out Galvan Real Estate and Services

  Check out Timothy Real Estate Group


We invite you to add your charity or supporting organizations' news stories and coming events to PVAngels so we can share them with the world. Do it now!


Meet the Charities

Community Services

Environmental

Animals & Wildlife

Health Care

Youth & Family

Education

Culture & Recreation

Special Interests


How You Can Help

Use Your Powers for Good

Add Your Favorite Charity

Save a Life - Give Blood

 

Partners for Change

Meet the Partners

Become a Partner for Change


About Puerto Vallarta

Puerto Vallarta Local News

Local Event Calendar

Puerto Vallarta Videos

Puerto Vallarta Photos

Historic Puerto Vallarta

Local Area Maps

Important Phone Numbers

CraigsList in Puerto Vallarta


News Around Mexico

Mexico Issues & Opinions

Mexico Business News

Mexico Evironmental News

Lifestyle & Entertainment

Mexico Travel & Outdoors

Science & Technology News

Mexico News & Travel Videos


Stay Connected

Find PVAngels on Facebook Follow PVAngels on Twitter Sign up PVAngels Newsletter RSS Feeds on PVAngels


Resources

About PVAngels

Add Your Charity

Add Your News & Events

Locate Yourself on Our Maps

Jobs - Join PVAngels Team


FAIR USE NOTICE: This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance a more in-depth understanding of critical issues facing the world. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 USC Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information click here. If you wish to use copyrighted material from this site for purposes that go beyond 'fair use', you must obtain permission from the copyright owner.

m3 • local actions from global awareness