Renting a condo or house

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sloputtputt Contributor

Member since 25 October 2016

sloputtputtContributor05 March 2017 20:24:12

113

I am planning to buy a condo or a house to rent out, but I want to see if it is worth while. Is there anyone in the forum who is renting out and if so, have you been successful doing so? I figured it would be very successful since I checked out the booking for resorts and most of them are booked for the whole year of this year until next.

ccaetano14 New member

Member since 15 January 2017

ccaetano14New member05 March 2017 20:48:24

Where are you planning on buying this property?

sloputtputt Contributor

Member since 25 October 2016

sloputtputtContributor05 March 2017 23:30:34

113

I was thinking either Ambergris Caye or Placencia.

Strobes Member

Member since 24 October 2016

StrobesMember06 March 2017 16:44:12

On the subject of owning property to rent out. We have property on Ambergris Caye that we rent out and have found it to be quite profitable so far. As with everywhere, however, location matters. If you are looking at properties on Ambergris Caye, my experience is that the properties are more expensive, but there is significantly higher demand for rental properties so you will possibly do better than elsewhere. Our condo, which is located in an upscale resort, is rented at least 80% of the year, including the low season. I can't speak to the rental markets in other parts of the country, but Ambergris is very active.

sloputtputt Contributor

Member since 25 October 2016

sloputtputtContributor06 March 2017 18:49:15

113

The demand is high and that is one reason why I want to buy property to rent out on Ambergris Caye. All the resorts that I check the booking were on Ambergris.

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