Nobody mentions the price. Here on Caye Caulker there is a substantial market for private homes at modest prices which drops off big time as the price goes up. We rent in an unusual way, often do not advertise and stay full 12 months a year.Our house on CC rents for US$800/ month longterm, but when we are here they move to our house in Maui for the same price.No manager needed.The last couple decided to stay in Maui so we are on the market again. They set the bar high-these were wonderful folks.
We had NO wear and tear. They fixed up the garden in a lovely way.
Renting day rate you will find some not so wonderful clients at times, surely have wear, and the total return can easily be less than the $9K/yr we get.