When it comes to investing in real estate, there are many options to choose from. That said, one of the most profitable and attractive investments that you can make is investing in apartments to rent in high tourist zones.
How can one be sure this is a good investment? In this blog, we’ll review what you need to know to make a real estate investment profitable in tourist areas - such as our developments in Playa del Carmen, Tulum, and Yucatan - using platforms like Airbnb.
Why invest in Real Estate?
There are some reasons why investing in tourist areas can be very profitable. First of all, there is always a high demand to find perfect accommodations, which means that you are likely to quickly recover your investment if you buy a property to put it on the rental market.
Also, these types of properties tend to have a high appreciation, which means that their return on investment (ROI) will be significant.
Did you know that vacation rentals contribute to the national GDP and the generation of jobs? This is not only the case in Mexico, the apartment rental sector ranks third in international trade.
Is buying to rent a good idea?
We just have to go back to how big companies like Airbnb emerged, when its founders earned extra income by renting the living room of their apartment.
Later they would realize that they could meet the demand for temporary accommodations that were needed in those years. And this is how the idea of earning additional income with one’s own property was to become an ideal global platform designed for vacation rentals.
Where is a good place to publish my apartment for rent?
More than 500 million people have used Airbnb to find accommodations. With its friendly online platform, Airbnb has facilitated the renting of houses and apartments for many happy tourists - but this is not the only platform on the market. Here are some of the other online platforms where you can post your property for rent that help travelers find a place that suits their needs:
- HomeAway
- Wimdu
- One Fine Stay
- FlipKey
- Home to go
Requirements for renting my apartment through Airbnbnb
If you are thinking about becoming a host on an online platform, there are 4 requirements for renting your apartment on Airbnb, which have to do with:
- General Rating
- Response ratio
- Cancellations
- Reservation acceptance
In order to maintain a 5-star rating, it is important to have a good response rate and acceptance of reservations. As well as satisfying the needs and expectations of the guests. This is essential as hosts receive reviews and ratings from the guests they receive.
Which type of housing rents the most on Airbnb?
It is true that there are certain qualities that are more preferred among travelers, the following points can serve as a guide for your checklist when deciding between a house or an apartment.
Platform hosts (property owners) reported that profits on a house can reach up to 12%, while apartment rental profits can reach up to 20%.
You’ll be able to quickly rent your apartment on Airbnb if it offers attractive accommodations. Developments with diverse amenities have a higher demand on the platform.
Did you know that as an Airbnb host, you can earn up $75,000 MXN per year with an average of just 27 nights of rentals with an apartment in Quintana Roo?
That’s right, Mexico is one of the most visited destinations in the world. The Yucatan Peninsula is host to the Riviera Maya, which is known for its unequaled beauty.
At Ekasa, we design different apartment models that can easily be adapted to what travelers are looking for, with exclusive communities that offer direct access to the beach, cenotes, pools, and parks.
Our real estate developments are excellently located in highly attractive destinations that offer the highest gains. Discover Ekasa’s developments!
