• About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe
No Result
View All Result
Live and Invest Overseas
FREE REPORT
BEST PLACES TO RETIRE
*No spam: We will NEVER give your email address to anyone else.
  • HOME
  • COUNTRIES
    • Top Destinations
      • Portugal
      • Panama
      • Belize
      • France
      • Colombia
      • Dominican Republic
      • Thailand
      • Mexico
      • Spain
      • Argentina
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
    • Our Latest On Coronavirus ⚠️
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
Live and Invest Overseas
  • HOME
  • COUNTRIES
    • Top Destinations
      • Portugal
      • Panama
      • Belize
      • France
      • Colombia
      • Dominican Republic
      • Thailand
      • Mexico
      • Spain
      • Argentina
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
    • Our Latest On Coronavirus ⚠️
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
No Result
View All Result
Live and Invest Overseas
No Result
View All Result
Home Mailbag

Investing In A Rental Property In Las Terrenas, Dominican Republic

Live And Invest Overseas by Live And Invest Overseas
May 25, 2015
in Mailbag
0
a plam tree studded coastline in Las Terrenas Dominican Republic
210
SHARES
3k
VIEWS
Share on FacebookShare on Twitter

“Kathleen, do you recommend apartment rentals in Las Terranas for investment?”

–Lesley G., Canada

Indeed, I do. You can find out about the best current opportunities available for this kind of investment by getting in touch here.

***

“Kathleen, I’ve been eyeing Belize since reading about it in your and Lief’s newsletters (and I bought your Belize report just over a year ago).

“I’m paying off a few more things, and then I want to travel to Belize to see if I can see myself living there. I’m only 36, but, once I’m out of debt, I’m thinking I’d much rather invest abroad than slave away here in California to maybe own a house in 30 years after all that work.

“Based off what I’ve read, I’m thinking I could set up my Web consulting business there, which is work I can do remotely. Can you recommend resources I should read or contact for setting up my business in Belize?

“Thanks, in advance, for your help!”

–Sam Y., United States

Sounds like a great plan.

If the idea is to live in Belize while running a Web business, probably the best thing would be to incorporate in another jurisdiction and keep the business out of Belize. This would keep you from paying taxes in that country.

One resource I’d recommend would be Joel Nagel, a U.S. attorney with decades of experience both helping Americans set up businesses and corporations abroad and, as well, specifically, decades of experience doing business in Belize.

Joel will be joining us as a presenter for our Retire Overseas Conference taking place in Orlando, Florida, Sept. 13–16, along with other key Belize contacts. Belize will be one of the 21 countries featured throughout the program. It’d be an ideal opportunity to talk through your plan in person.

Managing A Rental Investment Property In Las Terrenas, Dominican Republic

“Kathleen, I’m writing to both you and Lief.

“I’ve been following you guys since your International Living days, and I tip my hat to your incredible talents and the success of Live and Invest Overseas.

“I live in Boquete, Panama, and have picked up properties in Ambergris Caye, Belize, and Las Terrenas, Dominican Republic.

“I am trying to get a handle on the property management fees in Las Terrenas, and I’m finding that property managers size you up (profiling) and charge you whatever they can get away with.

“I am seeing fees anywhere from 10% to 25% on rental fees and US$80 to US$400 per month for routine basic management. There is a slow season here that coincides with the change of seasons in North America. The property managers here know this and have made routine basic management their income stream and profit center, with a far subordinate concern for procuring tenants (owner suffers).

“My question is: What are fair market fees for percentage on rental fees and also routine basic management in Las Terrenas? I know you are busy, but I would very much appreciate your thoughts on the above U.S. dollar amounts.

“On an unrelated issue, when is the next time that you are taking a group to preview Los Islotes. Let me know, as I will try to shake loose and preview with that group (easy for me as I live in Boquete).

“Warm regards.”

–Richard E., Panama

You have to consider the fee in the context of what it includes. Rental management can be structured a number of different ways.

Short-term rental management fees can reasonably range from 15% to 25% depending on the level of service, the market, and the location of the property.

I’ve heard of at least one agency in Las Terrenas charging 10% for short-term rental management. I’d say that’s too little. Ten percent is what you should pay for long-term management, which requires much less effort.

Property management fees can be included in the rental management fee, meaning a bigger percentage. We’ve paid as much as 35% for apartments in Paris, including rental management, property management, and cleaning.

The monthly property management fee varies, as well, again, depending on what is included in the service. If cleaning, maintenance, and simple repairs are included, then the fee is higher. If all the property manager is doing is paying your bills and checking on the property when it isn’t rented, then the fee should be minimal.

Remember that property and rental management are both time- and labor-intensive, low-margin businesses. Frankly, when I find a good rental manager, I’m happy to pay at the highest end of the market and sometimes even more. A good rental manager is the key to success with a rental investment… and good ones are very hard to find.

Tags: mailbag
Share84Tweet53
Previous Post

Study: Social Security Bankruptcy Closer Than Projected

Next Post

How To Choose The Best Place To Retire Overseas

Live And Invest Overseas

Live And Invest Overseas

Live and Invest Overseas is the world's savviest source for top opportunities to live better, retire in style, invest for profit, do business, and own real estate overseas. Established in 2008, the Live and Invest Overseas' editors and correspondents have more experience researching and reporting on top opportunities for living well, investing for profit, doing business, and owning real estate around the world than anyone else you'll find.

Related Posts

Nohoval Cove, Kensale, County Cork, Ireland
Ireland

The Pros And Cons Of Living And Retiring In Ireland

by Live And Invest Overseas
May 26, 2021
0

“This question is directed to both Kathleen and Lief. “Thank you so much for your recent article about Lahardan House in...

Read more
Nazaré beach resort, Estremadura, Portugal

Retire To The Silver Coast Of Portugal

February 18, 2021
Man bookkeeper working with bills pay taxes online using laptop

How To Do A 1031 Like-Kind Exchange Of Foreign Real Estate

February 15, 2021
Aerial view of Fortress Vila Vella and Badia de Tossa bay at summer in Tossa de Mar on Costa Brava, Catalunya, Spain

Low-Humidity Retire Overseas Options

January 2, 2021
Assisted Living

Assisted Living In Panama

December 11, 2020
Boa constrictor imperator

Malaria, Dengue, Bugs, Spiders, And Snakes In Panama

December 9, 2020
Establishing Retirement Residency In Portugal - Lagos

Establishing Retirement Residency In Portugal

July 6, 2016
Next Post
The Best Place To Retire Overseas

How To Choose The Best Place To Retire Overseas

A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today.

Start Your New Life Today, Overseas

LIOS Resources


  • New To LIOS
  • Ask An Expert
  • Media Center
  • Contact Us
  • FAQs

Quick Links


  • Best Places To Live
  • Best Places To Retire
  • Finding A Job Overseas
  • Real Estate

Sign up for our free daily e-letter, Overseas Opportunity Letter, and get your FREE report: The 10 Best Places To Retire Overseas In 2022

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe

© 2008-2021 - Live and Invest Overseas - All Rights Reserved.

No Result
View All Result
  • Home
  • Countries
  • Budgets
  • Archives
  • News
  • Events
  • Bookstore
  • Newsletters
  • About Us
  • Members Area
  • Contact Us

© 2008-2021 - Live and Invest Overseas - All Rights Reserved.

The World’s Best Places To Be In 2022?

Discover Them Here…

WANT TO RETIRE OVERSEAS?

Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll immediately send you a free report on the 10 BEST PLACES TO RETIRE in style overseas. Each day you’ll learn about the best opportunities for international living, retiring overseas, offshore diversification and asset protection, and investing in real estate around the world.