All Forum Posts by: Jillian Ez

@John P.

I'm not sure what Dominican Republic tourist crash you're referring to. Tourists numbers in the Dominican Republic keep increasing year after year so much so that tourism revenue has increased 43 times between 2000 and 2017! I assume you might be referring to the recent holiday cancellations following the death of a few American tourists over the last few months. I'm not going to speculate on what happened or didn't happen but this shall too shall past as it always have when there is either no new deaths or the media stops mentioning it when it turns out that these people died from natural causes. If it was foul play, it could happen anywhere. Remember when razor blades, pins, caustic soda and slivers of glass were found in baby food. the UK.

@Jim K.

I invest in Mexico and I would never invest in short-term rentals in Cozumel and I don't know anybody who has. Cozumel is full of all-inclusive resorts. Tourists want the comfort and amenities of all-inclusive resorts and they don't need to have a kitchen. People who rent short-term rentals on the Riviera Maya do so because they want to go around and visit the area so they will never base themselves in Cozumel because it's an island.

Tulum is 2 hours away from Cancun International Airport and it is connected through a very nice highway and this is fine for most people (and there will be soon a high speed train that should reduce the connection time substantially). Tulum is where the rich and famous, the people with real money and the aspiring rich and famous go. It's become a brand. People pay up to thousands of dollars a night to stay in a cabana by the beach with no air conditioning. A Tulum-branded restaurant recently opened in New York City!

Moreover, while you can fly direct to Cancun from pretty much anywhere in the world, direct flights to Cozumel are very limited. As a result, you either have to connect to go to Cozumel or fly to Cancun, drive to Playa del Carmen and take the ferry. So, for most people, it takes much longer to get to Cozumel than Tulum.

While I wouldn't invest in short-term rentals in Tulum anymore for the time being for the reasons I mentioned in my post above (basically it has become too expensive given the risk of oversupply), I would never invest in short-term rentals in Cozumel.

Hi! I know some do it in apartments, I haven't quiet yet. I focus on SFH 3 Bedrooms / 2 Bath. I also like smaller 1 bedrooms as well or condos. If there is a hotel in the area this will work. I approach the owner as a renter. Get them on the phone or meet in person, and go over my idea. I want to say 5/10 are into it, especially if you discuss splitting profits 50/50 then you're not on a lease + instead of getting $1400 in rent they will probably get around $1900 which is mind blowing.

AirbBnB: Why an owner would do that vs rent it out?
*Professionally cleaned almost every day

*Don't need to worry about maintenance (under $500 - so almost everything)

*Possibly another couple $hundred coming their way

*LESS wear and tear

*Much more