All Forum Posts by: Dell J.

Hey there. So I am working on placing a tenant in my first rental property. I had a ton of traction from potential tenants this past week, a total of 6 showings all with promising folks.

I have done simple pre-tour screenings to see if these people are worth my time and they are. I had 3 folks who said "Oh yeah I love the place, send me the application and I'll do it" and.... they go ghost on me.

Any thoughts on how to deal with this? I know my unit is priced competitively and the showings go great, I have gotten great feedback on the property. 

I am starting to get frustrated by some of these people who tell me one thing and then go silent. 

Hi I am a developer in Ghana. I am looking for some investors to partner me for my real estate business.

@Dell J. I am in St John and haven't seen any issues with sarcasm. Lived here about 25plus years and can only remember a handful of times that it was any kind of issue at all, if that. What island are you referring to? St Thomas usually runs about the same as St John. Are you referring to St Croix maybe?

@Rachelle Bisaillon

A few things here:

1. Mexico is like the US; it's not a homogeneous market. It's not anywhere that you can get such returns but you're most likely to get them in beach resort areas and there are many. If I'm not mistaken, your market is more upscale than the Riviera Maya, where Tulum lies. More comparable markets would be Baja Sur or Puerto Vallarta - Riviera Nayarit and there are others.

2. You have some right concerns about Tulum, especially when it comes to potential overbuilding. There has been an enormous growth in tourism over the last decade, which has fuelled a lot of building activity. That's ok as long as the growth in visitors continue. However, there seems to have been a very large drop starting at the end of last year, that I have personally and anecdotally observed but I'm not alone. I'm waiting for the latest figures for confirmation but I wasn't referring to Tulum indeed. If you want to buy there, I suggest

3. There are several reasons for the recent drop in visitors and some drug-related violence might be one of them for a few people. However, there has been no widespread killing of Americans over the last 5 to 8 years so I'm not sure where that comes from. Think about it, that was the case, Mexico and the area wouldn't be breaking visitor records and people (the majority Americans) wouldn't be coming year after year.

4. It makes sense that you'd need more convincing given what you mentioned. Mind you, my comment was more about finding out about that affirmation that the USVI would be more profitable than Mexico because, if that was the case, I'd be interested in checking out the USVI market. This being said, both Tulum and the USVI share the sargassum issue. Not sure about the situation in the USVI but it's been hitting Tulum for years without really affecting tourism. The recent previsions for 2023 don't look good from what I've read and I'm concerned that would start to become a real problem.