STR Dominican Republic

[George Brown]

Hello BP family! As I bounce around from one idea to the next, I was wondering if anyone in the community has been successful with starting up a short term business in the Dominican Republic? When I search properties mainly in Punta Cana I always run into sites where condos are in development and have about 1 - 2 years till completion. So, in particular I am wondering if anyone has successfully purchased and started up a short term rental? Has anyone ever purchased these pre-construction condos with little to no issues (mainly no scam)? If you do have a successful business, how did you go about finding the team or person to run your rental? 

Any insight on this topic will be appreciated.

[Joshua Messinger]

Hey @George Brown! 

My team hasn't set up any STRs in the Dominican Republic but we had acquired some STRs in Costa Rica which we had thought we're going to turn out well but we had a few issues to note:

- Cashflow issues: Since we are basing our reservations on another currency we couldn't charge as much as we were hoping for. 

- Finding a Good Team: Since there is a language barrier in place it was much harder to communicate with any cleaning companies/property managers we found. 

I would love to chat more as there are other things I would like to address. Feel free to reach out any time! 

Best of wishes, 

Josh