Renting Out your Belize Real Estate Property So, you own a nice vacation home in Belize; but since you're not exactly in Belize, only a caretaker is in your house probably enjoying himself and getting paid at that! Now this is a perfect opportunity to earn even when you're away from your home in Belize. A lot of people who own a house or a condo unit in Belize are having their place rented out to tourists. It seems just practical for others rather than renting a hotel, and of course there are those who want to save money. Who wouldn't want to experience a stay in beachfront house for a fraction of a cost in Belize? Maintaining a house costs a lot and having it rented once in a while wouldn't be so bad. If you have a decent beachfront house where you stay during vacations in Belize, then you can have it rented out for a reasonable price. A lot of vacationers would want that for sure. This is also one of the best ways of living in Belize. There are expats who bought a fairly huge property in Belize and built about two houses there with one for the purpose of having it rented out and the other to be lived in by them. For those who have a rather huge house with a few rooms to spare, you can post a “room for rent” ad and this would be most favorable to tourists who are on a tight budget. For those who want to make this sideline business as their main, then they can easily secure a business permit. All they have to do is go to the town's office and ask around how to go about this. Taxes aren't exactly high in Belize that is why it is very well-known as a tax haven, especially for those who want to retire. Before renting out your place, one must understand that in different places, like Corozal, Placencia and Ambergris Caye, prices will differ greatly; with Corozal being the cheapest. The prices will depend on where the property to be rented is located. The goal is actually to give tourists and vacationers more value for their hard earned cash. To compete with the others, one must lower the rental cost at one's place in order to be favored from other competitors. Make your price enough to cover your own costs and maybe 20%-30% of profit only. If you are not in Belize and only have your caretaker in your beloved rest-house, then tourists don't have to pay your caretaker directly. In our modern society, tourists can pay you online through their credit card and any third party money wire transfers. This way they don't have to give your caretaker the money and tempt your caretaker to do something inappropriate and deceive you with your earnings. We trust our caretakers but we can't be too naïve and trust them completely with everything. Preventing these kinds of events will protect not only you, but your caretaker as well.
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