Buying a 2-bed in Tulum for a vacation home (& AirBnB rental)

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zacdw
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2018/01/08 11:10:26 (permalink)
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Buying a 2-bed in Tulum for a vacation home (& AirBnB rental)

Hi all,
 
As Chicago residents, we are interested in buying a winter getaway in Tulum to avoid some of the harsh winter.
 
From my browsing online, it appears that a small 2-bed is attainable at around $200-220k ish if the ads are accurate.
 
We are headed to Tulum in March and will view a few places.
 
The idea would be to work with a local AirBnB operator to rent it our when we aren't using it.
 
I was wondering if anyone here has any thoughts/experiences similar?
 
Thank you.
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    pato
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    Re: Buying a 2-bed in Tulum for a vacation home (& AirBnB rental) 2018/01/22 09:45:15 (permalink)
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    We have owned a property in Cozumel for 10+ years and here are a few of tips:
     
    1. Hire an attorney to help with closing and go over your paperwork.
    2. You will not get rich owning a rental property nor will your rentals pay all monthly costs on the property (our out of pocket costs were always at least $1000 per month).
    3. Get to know and trust your property manager. One of your big expenses will be fees paid to your manager... 20% to 40% of each rental as well as a regular monthly manager fee.
    4. Visit your property more than 2 times a year.
     
    Hope this helps...
    #2
    Kay
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    Re: Buying a 2-bed in Tulum for a vacation home (& AirBnB rental) 2018/02/12 09:44:42 (permalink)
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    Do you still need help to find someone to help you with real estate?  I can recommend someone you can trust. 

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