Investing in a condo for air B&B

Rafaellacirillo

New member

Member since 20 February 2018

Samaná

Rafaellacirillo

20 February 2018 00:43:01

Rafaellacirillo

20 February 2018 00:43:01

Samaná

Hello

I am planning to buy a condo or apartment in a secure enviremont to do an air B&B.
At first I wanted to buy one in Bavaro but now I realise that Las Terrenas is much prettier.
Does any one have experience with this idea?
I would still be living in Belgium for the first year(s) just to see if this might work before moving to LT myself.

Thanks
Rafaella

ddmcghee

Dominican Republic Expert

Member since 15 May 2017

Las Terrenas, SamanÃ&#161

ddmcghee

20 February 2018 01:38:45

1601

ddmcghee

20 February 2018 01:38:45

1601

Las Terrenas, SamanÃ&#161

I just closed on my rental property condo in Playa Bonita in December, so I don't have a lot of experience yet, but my condo has been rented all but 9 days since Dec 18, and the current renter is there through the end of March.

Rafaellacirillo

New member

Member since 20 February 2018

Samaná

Rafaellacirillo

20 February 2018 23:58:26

Rafaellacirillo

20 February 2018 23:58:26

Samaná

Do u live there as well or is there an agency that takes care of the check ins?

ddmcghee

Dominican Republic Expert

Member since 15 May 2017

Las Terrenas, SamanÃ&#161

ddmcghee

21 February 2018 14:42:43

1601

ddmcghee

21 February 2018 14:42:43

1601

Las Terrenas, SamanÃ&#161

I use a property management service that has someone onsite daily. He greets the guests and provides keys and a walkthrough of the condo, arranges the cleaning service and takes care of any issues that come up during the stay. At the end of the stay, he does a walk through to make sure nothing is damaged or missing, checks the electric meter to see if there is any additional charge and takes care of readying the condo for the next guest.

The company is BeaLocation.