According to MRI Property International, 24 million of us dream of purchasing land and property overseas. Despite the huge popularity for holiday homes however, only 15% of us would consider renting it out to make a financial return on the property when they’re not there. But an increasing number of us are deciding to book our holidays through private home owners rather than using hotels etc, this seems like a lost opportunity to earn secondary income on a huge investment.
Regardless of these figures, villas for rent are incredibly popular in Bequia and lot of people supplement the running cost of their villas by renting it out to holiday makers. Holiday rental portals such as Air B&B, Trip Adviser & Luxury Retreats provide a straight forward solution to renting out your property and allow owners to retain full control over any bookings made.
While the amount of money to be made will differ depending on the property type and location, renting out your property in sought-after areas, particularly during high season (December – April in Bequia), the potential income is certainly lucrative. Of course, rentals can either be short or long term, our home for sale, Iguana Rock, is the perfect example of a long-term rental. It Is currently on a three-month renewal in case the property is sold, but the existing renters have now been there for twelve months. Lucrative
So, despite being told we should never mix business with pleasure, purchasing a home in Bequia not only provides you with a beautiful spot to escape to but the chance to make a rewarding profit, all from the comfort of your own home!