045: Expat’s Guide to Airbnb Vacation Rentals in Mexico – James Guzman
WHAT WE DISCUSSED IN THIS INTERVIEW:
- Benefits and risks of short-term vs. long-term rentals.
- How to start a vacation rental business with Airbnb without owning property.
- Necessary software and tools for managing rentals.
- Starting a business and Airbnb in Mexico as an expat.
- Key considerations for a vacation rental business: city safety, culture, and expected returns.
- Discussion on homeschooling and world schooling trends.
- Travel experiences in Medellin, Colombia.
HOW TO FIND JAMES'S WORK:
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I really didn't know much about Airbnb myself, so I learned a great deal from James Guzman. It really is a great business model for those interested in learning how to start a vacation rental business. James has some great insights and totally worth listening in.Mentioned in this episode:
Veritas Panama - Offgrid Community
After 17 months of bureaucracy, my partners and I successfully got our permits for Veritas Panama! This is the fully off-grid community we are building in the highlands of Panama. We have already started building the roads, subdividing the lots, installing the septic and water, and even installing solar panels, so everything is independent of the power grid! The site we chose is unbelievable; we are up at a flat plateau about a thousand feet up a mountain with incredible unobstructed views of the Pacific Ocean. To go to the beach, it is just 15 minutes down to the water. We have mature fruit trees on site, including these gorgeous 200-year-old mango trees and many other things, such as avocado trees, papayas, and delicious tropical fruits. You can find out more information and contact us at VeritasPanama.com But please be aware that there are only 100 home sites, and without even talking about this to the general public, a lot of the lots are already sold… So if you dream of living in a completely off-grid community, enjoying the beautiful weather, close to the beach, being food, water, and energy independent, and want to have like-minded and cool neighbours, people who respect personal, medical, and economic freedoms, then I want you to contact us at VeritasPanama.com today
JOIN US IN PANAMA - FLY'N BUY TOUR
Beginning of Q4, 2024, the Panama government has already stated that they are increasing the investment minimums for immigration from $300k to $500k for real estate; we also expect them to make this process more difficult! Because of this, I have decided to run a few quick trips to Panama for our community. Seeing the real estate in Panama is an important part of the due diligence process, that’s why I would like to pay for you to join me in Panama. All you have to do is sign up for the tour at https://expatmoney.com/fly, pay for the tour, and if you end up finding a property that fits your needs on the trip, then the amount you paid for the tour PLUS your airfare (up to $1000 USD) will be...