Vacation Rental as an investment

The benefits to investing in a vacation rental include tapping into a huge potential market, generating extra income, and benefiting from the tax advantages that real estate investors enjoy.

Some of the key factors to consider before buying a vacation rental are location, demand trends and seasonality, rental revenue and operating expenses, and return on investment (ROI).

Vacation rental properties are different from long-term rentals – guest turnover is greater, homes have to be furnished and well-equipped, and local laws or homeowner associations (HOAs) may prohibit short-term vacation rentals.

Sources for finding a vacation rental include networking, real estate agents and traditional listing services, and online marketplaces that specialize in rental property sales.

Benefits of investing in vacation rentals

Extra income

The average annual revenue of short-term vacation rentals posted the highest level ever recorded, at the end of 2021, according to AirDNA, a company that analyzes performance data.

Appreciation

Real estate historically appreciates at a rate faster than inflation, offering both the potential to profit from an increase in equity over the long term and a hedge against inflation. As the National Association of Realtors (NAR) recently reported, the housing market performed better in 2021 than in the previous 15 years, even in the middle of a pandemic.

Flexible use

Unlike a long-term rental occupied by a tenant on a 12-month lease, a vacation rental is typically leased for 30 days or less. Tenants may include couples looking for a weekend getaway, families on vacation, or business travelers in town for a few weekdays.

Recession-resistant

Vacation rentals in domestic leisure destinations historically perform well during recessions for several reasons. Drive-to leisure markets near major metros benefit as vacationers opt for more affordable family travel and also offer a budget-friendly alternative for domestic travel over international travel during a recession.

When hiring a professional property manager, such us Caribbean Beach Properties, you should find out about their experience in the area. In the same way, you should find out about the price it charges for its services, what services it makes available to you and if it will be in charge of promoting your home.

CBP Mexico is your best option! We are a Professional Property Management Firm in Cozumel, Playa Del Carmen & Tulum. With concierge services, house-keeping and maintenance, rental promotion, marketing and even billing and legal assistance. We take the headache away from owning and managing your property.

5 reasons to proffesionalize the management of your property

If you want to carry out a vacation home management, you must consider certain essential aspects to make the best decisions. In this way, you will be able to choose the most suitable company to do that job for you.

When hiring a professional property manager, such us Caribbean Beach Properties, you should find out about their experience in the area. In the same way, you should find out about the price it charges for its services, what services it makes available to you and if it will be in charge of promoting your home.

CBP Mexico is your best option! We are a Professional Property Management Firm in Cozumel, Playa Del Carmen & Tulum. With concierge services, house-keeping and maintenance, rental promotion, marketing and even billing and legal assistance. We take the headache away from owning and managing your property.

Why you should trust CBP Mexico? We will show you 5 reasons:

1) We make it easy on you

Company Transparency. Clear Account Statements. Auditable Accounts No up-charging of purchases without notification. We will give the honest answer, even to our detriment

2) Innovative online services 24 hour access to:

Booking Calendars. Maintenance Requests and Status of Projects.

3) On time bill payments

CBP will pay the following bills on behalf of the owner at direct cost:

Utility bills, including electricity, water, gas, telephone, cable, internet and television. Annual property taxes and municipal garbage fees. We pay early in order to get the discount granted by the municipality!

Any income or rental taxes related to the property if set up and requested by the owner. Any and all other payments requested by the owner regarding the rental property

4) Knowledge of local law

CBP has made it a priority to work with a knowledgeable and highly respected team of lawyers. You will have at your disposal all the legal assistance you might ever need.

5) Partnership with Rentals yor way

For those tourists who wants to make a long term reservation, we have a partnership that allows every property to be rented.

What to do in Isla Mujeres: A guide to enjoy a worderful holiday

Isla Mujeres is a small island in Quintana Roo, located just 20 minutes from Cancun, with beautiful beaches of fine sand and transparent waters. People come here mainly to relax on Playa Norte, considered one of the best beaches in the world, but also to snorkel and dive in the second largest reef in the world.

1. Garrafon Park The Garrafon Natural Park is a must see in Isla Mujeres as it offers a beautiful place to relax and various activities.

The beaches of Isla Mujeres tend to be overcrowded and the great advantage of Garrafon is that it offers a much quieter and more exclusive alternative.

It is a small private beach that is accessed by paying an entrance fee (the basic one starts at 1,300 pesos) that gives access to lounge chairs, umbrellas, 3 zip lines, a pool facing the sea, kayaks, and snorkeling equipment.

It is an ideal place to practice diving, since Garrafon is part of the longest coral reef in the northern hemisphere and is home to a rich ecosystem.

You can also just relax on the hammocks between the palm trees and there is a restaurant.

2. Garrafon de Castilla Right next to Parque Garrafón is its cheaper, much less crowded and quieter version: Garrafón de Castilla.

Of course, you do not come here if you are looking for great luxury, but it is the perfect option to visit Isla Mujeres on a budget. It's a simple beach club that offers the same great waters for swimming or snorkeling, a restaurant, and the basic facilities you need to have a good time (loungers, lockers, showers).

3. Explore Punta Sur South of Isla Mujeres is Punta Sur, the highest point in the Yucatan Peninsula.

It is an essential place to visit in Isla Mujeres for its magnificent views of the sea, its Sculpture Park with 23 outdoor sculptures, and the ancient temple dedicated to Ixchel, the Mayan goddess of the moon and fertility.

It is accessed through the Garrafón Natural Park, along a beautiful path facing the Caribbean Sea.

4. Relax on one of the best beaches in the world Year after year, Playa Norte continues to appear in the list of the 10 best beaches in the world of the Travelers Choice awards.

When you see its white sand and its calm, warm and shallow waters, you will understand why!

In fact, the water is so shallow that you can walk about 200 meters into the sea without being over your waist.

It is a 1 km long public beach with different sections. There is a quieter part with restaurants (instead of bars) that is the ideal place if you travel to Isla Mujeres with your family.

It is a very touristy beach and fills up quickly in high season, but it is also one of the widest beaches in Mexico (100 m wide), so you won't feel overwhelmed by the crowd like in other places.

Delicious food you have to taste in Playa del Carmen

Multiculturalism is synonymous of Playa del Carmen, where thousands of tourists visit it and enjoy its charms, in addition, many of them decided to make this destination their home.

The gastronomy of Playa del Carmen is a reflection of its people, which is why you will find a diversity of menus, among which exquisite dishes of regional cuisine stand out, as well as Italian, Argentine, Oriental food and other variants that you can try.

The typical dishes of the area have a particular flavor, with great influence from the Mayan culture, you will find cochinita pibil, panuchos, salbutes, stuffed cheese, stuffed chili, enchiladas, tamales, chocolomo, among other delicacies. In addition to this, thanks to its coastal location, fish and seafood dishes are among the most requested.

1. Shrimp ceviche

Visiting the Caribbean without eating shrimp ceviche is like not visiting it. And what better than accompanying it with a fresh michelada?

2. Mixed grill

The perfect combination for a day at the beach: quesadillas, flank steak, grilled chicken and a delicious guacamole.

3. Weathered shrimp tacos

Another way to enjoy shrimp and one of our favorites is the battered shrimp taquitos. We recommend putting salad, sauce and tamarind on it, you won't be able to eat just one!

4. Wood-fired pizza

A Caribbean classic that you cannot miss, a delicious baked pizza with a beer is the perfect plan for any night in Quintana Roo. Our recommendation in Cancun offers you ingredients such as Serrano ham, shrimp, salmon, and specialties for vegetarians.

5. Steak Huarache

A classic defeño with a Cancun flavor, a very Mexican dish in the shape of a sandal or huarache. Made of corn dough, stuffed with beans, cheese, flank steak and sauce. The place that we recommend has been making the bellies of Cancun happy for years.

6. Fish Tikin Xic

An unmissable dish if you visit Isla Mujeres, product of the exquisite mixture of achiote and sour orange. This classic Yucatecan recipe will leave you in a gastronomic trance.

Best Cocktails in Playa del Carmen

Playa del Carmen is one of the most famous places in the Riviera Maya, Mexico. If you are looking for a good experience in the Caribbean Sea, you have to visit this incredible destination.

On Fifth Avenue you can find a wide variety of restaurants offering local and international food. There are also many bars and "cantinas" where you can have a drink. Here are some options you have to try visiting Playa del Carmen.

-Pineapple, coconut, and rum form the typical Piña Colada, a famous beach cocktail.

-Margarita, made with tequila, lemon juice and cointriau is one of the most recognized and sold drinks in the world.

-Banana, coconut and almond liqueurs.

-Fresh fruit juices, pineapple, melon, blueberries, oranges, incredible flavors when making refreshing drinks with plenty of ice and the sweetness of sugar. This is how the Daiquiri appears among the favorites.

With each drink, cocktail, appetizer, some special snacks, tacos or the famous tapas accompany the pleasure. In Playa del Carmen you will find the perfect mix of all your search, music, live concerts, exclusive meals and drinks and special drinks. You cannot stay without trying the Martinis and the famous sangrias.