Previous Thread
Next Thread
Print Thread
#281916 - 05/29/08 03:18 PM Should I Rent Out My Condo?  
Joined: Dec 2006
Posts: 19
DrSteve Offline
DrSteve  Offline
I own a condo that I use far less than I had hoped. I pay out monthly maintenance fees, upkeep & utilities but unfortunately am not reaping the benefits.
I'm not ready to "give up the dream" yet.

I first considered down-sizing , but after considering fees on a smaller condos, and the 9% Realtor commission fee, It was not worth it.

I was initially against renting out my condo, but have been reconsidering it.
I spoke to a rental agent, and would like to hear some objective opinions and personal experiences.

- Have any others rented out condos/houses before?

- What kind of wear and tear, property damage have others experienced?
- What is the average annual occupancy rate that others are seeing?
- What kind of Utility bill increases should I expect?

Should I rent?
Any advice?

Last edited by DrSteve; 05/29/08 06:46 PM.
#281917 - 05/29/08 03:25 PM Re: Should I Rent Out My Condo? [Re: DrSteve]  
Joined: Apr 2008
Posts: 24
Hammer Offline
Hammer  Offline

Great question and one that is faced quite often. In my 16 years coming to AC and 17 years living around the world, I note that the long term rental is better. There is an agent on AC that only handles long term. Last I met him was at the Royal Palms. If you rent to short term the wear and tear is very high and the amount of control is very low. Good luck!


#281920 - 05/29/08 03:39 PM Re: Should I Rent Out My Condo? [Re: Hammer]  
Joined: Dec 2006
Posts: 19
DrSteve Offline
DrSteve  Offline
Thanks Hammer,
I hadn't considered long term, because I still wanted to use the condo from time-to time.
But it may be a much better option, and is certainly worth looking into.

I woould love to hear others experiences (good & bad) with renting their property (short or long term)

#281944 - 05/29/08 06:10 PM Re: Should I Rent Out My Condo? [Re: DrSteve]  
Joined: Sep 2007
Posts: 84
Aviator Offline
Aviator  Offline

If you allow a PM I will fill you in on our experience with renting our condo.


#281945 - 05/29/08 06:11 PM Re: Should I Rent Out My Condo? [Re: Aviator]  
Joined: Sep 2007
Posts: 84
Aviator Offline
Aviator  Offline
Or...PM me with your email and I will reply.

#281948 - 05/29/08 06:45 PM Re: Should I Rent Out My Condo? [Re: Aviator]  
Joined: Dec 2006
Posts: 19
DrSteve Offline
DrSteve  Offline
Hi Aviator,

I would appreciate a PM with any info that you are willing to share.

(sorry - I didn't realize my PM was turned off - I have changed to: 'accept' )


#282005 - 05/30/08 01:27 PM Re: Should I Rent Out My Condo? [Re: DrSteve]  
Joined: Apr 2006
Posts: 30
Inky Offline
Inky  Offline
I sent you a PM with some info that may be helpfull to you.

#282232 - 05/31/08 07:45 PM Re: Should I Rent Out My Condo? [Re: Inky]  
Joined: Aug 2005
Posts: 222
GBZ39 Offline
GBZ39  Offline
I had the same concerns with property in Florida. Our problem was that we could not rent it. There was little demand with a hugh supply. Sold it a very slight profit.

That is a possible problem in AC. Next time look around at the properties that are completed or near completion. Last Jan/Feb....there were hardly any lights on at Reef Village after dusk.....what would happen if all these were on the rental market? .

Portofino Resort- Now with a new BEACH BAR!!
Click for excellent scuba lessons with Elbert Greer!
Chaa Creek is an award-winning luxury Belize Resort, rated as one of the worlds best Eco Lodges. We are a pioneer in adventure travel to Belize since 1981!

Things to do

Daily News
Daily Weather

Classified Ads
San Pedro Sun
Ambergris Today
SP Town Council
Channel 7
Channel 5
Love FM
The Reporter
TV Newscasts
Radio Stations

Click for our
Search thousands of Belizean-only websites

Event Guides
Event Calendar
Specials & Events
Things to Do
iTravel Belize
Paradise Theater
Paradise Guy Event Calendar

San Pedro Scoop!
Tia Chocolate
My Beautiful Belize
I-Travel Belize
Belize Adventure
Belize Hub
Romantic Travel
Bound for Belize
Conch Creative
As The Coconuts Drop
More Blogs...
Search thousands of Belizean-only websites
White Sands Dive Shop - 5 Star PADI Dive Facility - Daily diving, SCUBA instruction and Snorkeling
Caribbean Inspired All Natural Condiments & Spice Blends, Over 100 are Gluten Free!
We manage a variety of homes, apartments, condos and commercial properties here on Ambergris Caye. Our minimum lease on ALL properties is six months.
Lil Alphonse has snorkel equipment to fit anyone as well as Marine Park Tickets and flotation devices to assist those not as experienced.
Coastal Xpress offers a daily scheduled ferry run to most resorts, restaurants and private piers on the island of Anbergris Caye. We also offer  private and charter water taxi service.
1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31
Cayo Espanto
Click for Cayo Espanto, and have your own private island
More Links
Click for exciting and adventurous tours of Belize with Katie Valk!
Mini Chat
Who's Online Now
1 registered members (Dominic), 218 guests, and 6 spiders.
Key: Admin, Global Mod, Mod
Forum Statistics
Most Online1,262
Jun 10th, 2007 HELP! Visitor Center Goods & Services San Pedro Town Message Board Lodging Diving Fishing Things to Do History Maps Phonebook Belize Business Directory Picture of the Day

The opinions and views expressed on this board are the subjective opinions of Ambergris Caye Message Board members
and not of the Ambergris Caye Message Board its affiliates, or its employees.

Powered by UBB.threads™ PHP Forum Software 7.6.0