{"id":12119,"date":"2016-05-16T15:40:39","date_gmt":"2016-05-16T20:40:39","guid":{"rendered":"https:\/\/www.topmexicorealestate.com\/temp-blog\/?p=12119"},"modified":"2016-06-09T07:11:56","modified_gmt":"2016-06-09T12:11:56","slug":"short-term-vs-long-term-rentals-2","status":"publish","type":"post","link":"https:\/\/www.topmexicorealestate.com\/blog\/2016\/05\/short-term-vs-long-term-rentals-2\/","title":{"rendered":"Short Term vs Long Term Rentals"},"content":{"rendered":"

\"<\/a>
\nOne of the things to consider after you have purchased property in Mexico is whether you\u00c2\u00b4d like to rent it out. Earning some money from your new investment<\/a> can go towards paying off any funds\u00c2\u00a0that were borrowed to make the purchase or simply serve as\u00c2\u00a0a profitable side business. So the question invariably leads to whether you should look at short-term rental (also known as a vacation rental) or long-term rentals as the way to go. There are a lot of things to consider when deciding which one is best for you, and below I have provided some information\u00c2\u00a0outlining the differences between the two, which I hope will aid you in your decision making process.<\/p>\n

When you are\u00c2\u00a0<\/strong>renting out your house or condo for a few days at a time (or even a weekend) this is referred to as a\u00c2\u00a0short-term rental<\/strong>, or vacation rental. In general this would usually apply to tourists or visitors from out of town who are looking for an alternative to staying in hotels or purchasing a vacation package. You\u00c2\u00a0will likely rent out on a weekly basis, or even offer nightly rates. In Playa del Carmen it\u00c2\u00b4s common to charge double or more during peak holiday seasons like Christmas and New Years, where demand is quite high. This also applies to\u00c2\u00a0popular festivals like BPM in January which tends to draw groups of people who are looking to save on expenses by sharing \u00c2\u00a0a house or condo.<\/p>\n

Also read:\u00c2\u00a05 Things to Keep in Mind When Purchasing Investment Properties in the Mexico<\/strong><\/a><\/p>\n

In the case of long-term rentals<\/strong>\u00c2\u00a0you would be renting your place for an extended period of time, with tenants typically signing contracts for 6 months or\u00c2\u00a01 year .\u00c2\u00a0There are many\u00c2\u00a0advantages to this, the most obvious being that the monthly payments become a source of steady revenue that you can rely on.\u00c2\u00a0As an\u00c2\u00a0owner you would\u00c2\u00a0obviously be limited in the amount of use you can get from your own property, so when it\u00c2\u00b4s your time to enjoy vacation and are hoping to get some time in your home you might be out of luck.<\/p>\n

As you can see from the above information there are many pros and cons to either rental option, so you\u00c2\u00b4ll have to make some decisions on just how much time you want to spend in your home and whether earning income is a top priority. Your new home in Mexico has great potential as an\u00c2\u00a0investment<\/a> the way you earn money from it depends on your own particular lifestyle and goals.<\/p>\n

Now if you have any question about how to purchase property in Mexico or about any of the TOP MEXICO REAL ESTATE properties we have listed anywhere throughout Mexico, please feel free to contact any of our Top Mexico Buyer\u00e2\u20ac\u2122s Representatives and we will be glad to help you find your very own piece of paradise.<\/em><\/p>\n

And remember, here at Top Mexico Real Estate\u00e2\u20ac\u00a6<\/p>\n

We make it happen!<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

One of the things to consider after you have purchased property in Mexico is whether you\u00c2\u00b4d like to rent it out. Earning some money from your new investment can go towards paying off any funds\u00c2\u00a0that were borrowed to make the purchase or simply serve as\u00c2\u00a0a profitable side business. So the question invariably leads to whether […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[77,778],"tags":[1544,1545],"class_list":{"0":"post-12119","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-how-to-buy-real-estate-in-mexico","7":"category-how-to-make-money-on-a-mexico-real-estate-investment","8":"tag-mexico-long-term-rentals","9":"tag-mexico-vacation-rentals","10":"entry"},"_links":{"self":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/12119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/comments?post=12119"}],"version-history":[{"count":5,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/12119\/revisions"}],"predecessor-version":[{"id":12305,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/12119\/revisions\/12305"}],"wp:attachment":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/media?parent=12119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/categories?post=12119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/tags?post=12119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}