Every day it is more common to meet people who buy apartments in Playa del Carmen with the purpose of renting it to tourists looking for a “vacation rental” in “Air B&B”. But the doubt is always the same: How much can I earn by renting my apartment to tourists in Playa del Carmen? In this article I will answer the main questions:

> Is it a good idea to buy a property for vacation rental?
> How much can I earn per month by renting my apartment in Playa del Carmen?
> How will I get guests for my vacation rental?

Definitely the new way of offering accommodation to tourists has revolutionized the "hotel" industry, it is increasingly common for a traveler to look for options on platforms such as Airbnb or HomeAway.

Previously in these cities dominated only traditional hotels. The new technologies have allowed any person with a property to offer hosting services and obtain constant profits.

Is it a good idea to buy a property for vacation rental?

Definitely the answer is YES !, although the demand for accommodation will depend on the city where you have the property to put it on rent.

In the case of Riviera Maya that is not a problem. Destinations such as Playa del Carmen or Tulum always register occupations above 85% in high season, and every year there are more tourists visiting these cities.

Analysis platforms such as Airdna report by the beginning of 2019 15,487 vacation rentals available. In contrast, the State Tourism Secretariat of Quintana Roo reports 46,470 available hotel rooms. These indicators show that the hosting business in general is expanding.

How much can I earn by renting my apartment to tourists in Playa del Carmen?

This is the million dollar question! Many investors ask themselves this question right after acquiring their property.

Actually, if the idea is to acquire an apartment to rent to tourists, certain considerations should be taken. For example, in the first half of 2019 the average cost of one night in vacation rental in Playa del Carmen was 85 USD.

It is worth mentioning that the occupation reported by SEDETUR was 85.4%. Which would represent average monthly income of 2,177.70 USD / Month.

It is important to mention that the cost per night and occupation will also depend on the type of apartment that is put to rent.

41% of the revenues in Playa del Carmen were from 2 bedroom apartments. A good return on investment (ROI) would be between 7 and 9% per year.

How will I get guests for my vacation rental?

Actually this is the most “simple” part of the process of renting your apartment to tourists in Playa del Carmen. There are basically 2 options:

Option 1: Use platforms and manage your property by yourself: You can register your property on platforms such as Airbnb or HomeAway. You can manage the rates, occupations and be in communication with your guests.

These tools are easy to use and their main function is to get guests online. However, it is important to note that the administration of one or more properties can be a full-time job and requires basic management skills.

Option 2: Hire a professional in the area and forget about the rest: In some tourist destinations in the country such as Playa del Carmen, there are serious, professional companies with extensive experience in the administration of vacation rental properties. These companies will be in charge of promoting your property abroad, maintaining your department and, above all, improving the lodging experience for your guests.

Normally, a serious company in the industry operates with a 35% commission on the income generated. It may seem like a large percentage, but don't discard it, especially if your main business will not be property management.

In conclusion

Buying an apartment to rent to tourists in Playa del Carmen is a great idea and a growing business. Approximately USD 2,100 per month can be earned and the recommendation is that a specialized company is responsible for promoting it abroad.

I hope this information has been useful, if you have more questions please contact us!