Considering buying a vacation rental in Barbados, Curacao, or Antigua? Opinions?

[Richard Warner]

We are looking at those 3 areas, because my husband is a golfer, and they have reasonably priced golf on these islands. Any opinions on the ease of renting out a place in these areas, or other problems? I appreciate the feedback. 

[Culin Tate]

I own a nice bedroom condo one block off of the beach on Grace Bay, Providenciales Turks and Caicos.  You should not have trouble finding a solid booking calendar on those islands with the exception of September and October due to hurricane season.

However, the revenue isn't the problem but rather the expenses. If you are looking at a condo, make sure to ask what management fees will be charged in addition condo fees, mortgage, and insurance. If you are looking at a single family home, then consider off site property management fees and maintenance fees which can really add up as island homes take a beating from the weather

In TCI we have additional high costs for basic utilizes such as water and electric. Our condo grosses right around $100K per year, but almost no positive cash flow. So if you are looking to own an island home that pays for itself, that can be accomplished. If you are looking to maximize a STR investment, the islands may not be your best choice.

Feel free to message me if you would like to discuss further!