{"id":18974,"date":"2020-11-25T18:23:41","date_gmt":"2020-11-25T23:23:41","guid":{"rendered":"https:\/\/www.topmexicorealestate.com\/blog\/?p=18974"},"modified":"2024-09-04T10:57:06","modified_gmt":"2024-09-04T15:57:06","slug":"rental-property-san-miguel-de-allende","status":"publish","type":"post","link":"https:\/\/www.topmexicorealestate.com\/blog\/2020\/11\/rental-property-san-miguel-de-allende\/","title":{"rendered":"3 Questions to Ask when Buying Rental Property in San Miguel de Allende"},"content":{"rendered":"

If you’ve ever been to San Miguel de Allende<\/a>, you already know that it is a walking town. With few exceptions, everything you want to see and do is within a few minutes’ walk of the main plaza. Rarely do foreign tourists who fly in rent a car, and many expats live in San Miguel without a car. So, if you are interested in purchasing a seasonal home or a rental property in San Miguel de Allende that could generate some income when you are not using it, then “walking distance to Centro” should be your target.<\/p>\n

In 2005, an expat did an informal survey of people who had a home for a vacation rental in San Miguel de Allende. The person asked several questions, but tracking the answers to three of them I found most insightful.<\/p>\n

\"San<\/p>\n

Three valuable questions to consider when purchasing a rental property in San Miguel de Allende<\/h3>\n
    \n
  1. How many bedrooms?<\/li>\n
  2. How many blocks from Centro was the property?<\/li>\n
  3. And how many weeks a year was the property rented?<\/li>\n<\/ol>\n

    Here are the gems I took away that I believe still apply today. These questions have turned out to be good advice to our clients looking for a rental property. The further from Centro, the fewer weeks the home was rented. For example, homes within three blocks from Centro were renting 34 to 38 weeks a year on average, where homes 10-12 blocks away were renting less than ten weeks a year. Further out, they seemed to rent only on holidays when the town was packed with tourists.<\/p>\n

    The other gem was that two-bedroom homes had 20% higher occupancy rates than three-bedroom homes. A lot has changed since this informal survey, but if I was in the market for a vacation rental, I would be buying as close to Centro as I could afford.<\/p>\n

    \"Rental<\/p>\n

    And how about a long-term rental property in San Miguel de Allende?<\/h3>\n

    The same somewhat still applies to investing in a long-term rental. Most expats, who would rent long term, enjoy waking into town often and are without a car. However, long-term renters are willing to walk 20-25 minutes, where most tourists really don’t want to walk more than 5-10 minutes to be in the thick of the activities.<\/p>\n

    There are other good rental investments further out. Still, the two mentioned above satisfy 95% of what works best for our expat clients. If you are looking for a part-time or full-time investment property in San Miguel de Allende<\/a>, our team has helped more than 1,500 people purchase a property. It would be our privilege to help you!<\/p>\n

    \"San<\/p>\n

     <\/p>\n","protected":false},"excerpt":{"rendered":"

    If you’ve ever been to San Miguel de Allende, you already know that it is a walking town. With few exceptions, everything you want to see and do is within a few minutes’ walk of the main plaza. Rarely do foreign tourists who fly in rent a car, and many expats live in San Miguel […]<\/p>\n","protected":false},"author":2,"featured_media":18979,"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":[1730],"tags":[1130,2467,2468],"class_list":{"0":"post-18974","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-real-estate","8":"tag-rental-property","9":"tag-san-miguel-de-allende","10":"tag-san-miguel-de-allende-real-estate","11":"entry"},"_links":{"self":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/18974","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=18974"}],"version-history":[{"count":3,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/18974\/revisions"}],"predecessor-version":[{"id":18980,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/18974\/revisions\/18980"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/media\/18979"}],"wp:attachment":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/media?parent=18974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/categories?post=18974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/tags?post=18974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}