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How to generate extra income with a property in Playa del Carmen?

How to generate extra income with a property in Playa del Carmen?

Every day it is more common to meet people who invest in properties in Playa del Carmen in order to rent it to tourists.
Many people are asking themselves these questions:
– Is it a good idea to buy a property in Playa del Carmen for vacation rental?
– How much can I earn by renting my apartment to tourists in Playa del Carmen?
– How will I get guests for my vacation rental?
This blog post is the perfect place to start. It will guide you through the key steps to successfully renting out your home and generating income while living abroad.
– Is it a good idea to buy a property in Playa del Carmen for vacation rental?
The answer is yes!!
Playa del Carmen is one of the tourist destinations that has grown the most in the latest years in Mexico.
Acquiring a property here is one of the smartest decisions to grow your wealth, since the capital gain and return on investment are incomparable.
The number of tourists renting by Airbnb© or Vrbo© is increasing every day.
This has been the fastest growing industry in tourism, showing an increase of 67% over the past year. These two companies have become so popular and Playa del Carmen is the second city with more properties on Airbnb.
Playa del Carmen has higher than 85% occupancy in high season, and every year this popular destination gets more and more crowded because it’s an amazing Place to Vacation and it’s One of the World’s Best Places to Retire Abroad.
– How much can I earn by renting my apartment to tourists in Playa del Carmen?
Renting your apartment to tourists in Playa del Carmen can be a lucrative business, but how much you can earn it also
depends on the type of apartment you are renting.
The average cost of a night’s vacation rental in Playa del Carmen was $85 in 2019, according to Hotels.com data.
According to SEDETUR, Playa del Carmen had an occupancy rate of 85.4%, which was higher and it represents an average monthly income of 2,177.70 USD/Month.
This indicates that the city has a lot going for it as an attractive destination and there are many reasons why this could be.
 A good return on investment (ROI) would be between 7 and 9% per year.
– How will I get guests for my vacation rental?
Easy!!! Here are two tips on how to get more bookings for your property.
– Registering your property on Airbnb or Vrbo will help you manage the rates, offer flexible stays, be in contact with your guests and more! You’re in charge of everything;
– Hiring a professional company in the area that will not only promote, but also give maintenance to your property.
Definitely, buying a property to rent to tourists in Playa del Carmen is a great idea and a growing business.
Can you imagine having a property in one of the most beautiful and trendy places in the world, with all the amenities that any person could ask for and rent it while you do not enjoy it?
Real Estate Agent in Coldwell Banker Sunny Homes with expertise in Riviera Maya's property!

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