Vacation rentals have become a very lucrative business, as the properties intended for this purpose are usually located in tourist destinations such as Playa del Carmen or Tulum.
Tourist destinations have the great advantage of being in demand all year round, as travelers are always on the move looking for new places to discover and enjoy.
Both Tulum and Playa del Carmen have earned their place thanks to the impressive numbers they show:
Tourism in Tulum
- More than 2.3 million visitors.
- Third place in tourist traffic in Quintana Roo.
- Fourth place worldwide in Airbnb bookings.
Tourism in Playa del Carmen
- It is one of the favorite beaches for luxury tourism in Mexico.
- Over 150 million dollars in tourism revenue.
- It is in the top 5 destinations with the highest real estate demand in Mexico.
- One of the most popular vacation destinations in the world.
With these figures, it's no surprise that tourists and investors are interested in discovering these wonderful places, which are truly a paradise on earth with beautiful white sand beaches and turquoise blue sea.
There are certain elements you should consider before embarking on a vacation rental adventure, even before deciding whether a studio, a lock-off apartment, or a penthouse is best for you.
When renting out an apartment, you acquire rights and at the same time obligations, regardless of whether you do it directly with the guest or through a platform like Airbnb, so it is important to be very clear about the rules to avoid confusion.
This particular point refers to the fact that contracts are necessary to rent the property, making everything clear in advance, and having damage insurance will be very useful, since not all guests are equally careful during their stay, which could lead to expenses that reduce your profits or simply accidents.
Keeping a physical or digital calendar with the dates the apartment is rented, scheduling preventive maintenance, and making payments for different services are all essential to provide guests with a memorable stay.
This is a tip that can help you a lot when renting: there are travelers who just want to get away from the noise of the city and all they want is to relax, enjoy the pool without leaving the place, so it is very important to choose a property with amenities that make the stay more pleasant.
As you may have noticed, it is important to know certain aspects to provide excellent service, which will be reflected in the demand for your apartment and translate into higher income.
We invite you to click the button below to contact one of our advisors and learn about the options we have for you in the Riviera Maya.
