Buying and renting on Isla Mujeres

Many people buy Isla Mujeres property, with the dual purpose of having a holiday home, and also somewhere to eventually retire to. Which is a very smart move; Why wait until prices are higher (Isla Mujeres property keeps going up) and also build income for future retirement, by letting the property, until such time as they are ready to retire.

Renting a property for vacation rentals can be very profitable, once established the property can be let for 200 nights a year, whilst leaving 165 nights for the owners holidays and weekends, if they are lucky enough get 165 days a year free time.

An investment on Isla Mujeres at the luxury end of the real estate market for a three bedroom three bathroom home will let for between $400 to $600 per night, Even properties in the Colonia ( which is the less smart part of Isla, where the locals live) are receiving $200 to $300 per night. This is not surprising when taken into account there are hotels on Isla Mujeres, charging between $800 and $1200 per night for a double room. The hotel that charges $1,200 is all inclusive, nevertheless a lot of money for two people.

When staying in a hotel apart from the all inclusive, the expense doesn't stop there as there is the cost of eating out. which suits some people, but; there are others who tire of constantly eating out, who prefer to have a leisurely breakfast at home, at a time of their choosing. Or spend an evening in barbecuing. Those who have children, know that eating out with children when they are tired, after a day of activity can be quite challenging. it can sometimes be quite nice to order a pizza and put the children to bed and spend an evening relaxing by the pool.

Many Americans who retire here worry about medical care. We often mention Dr Great Shorey, because many Americans are unaware that there is a very experienced English doctor here on the island, in spite of the fact that she arrived here in 1988 as a voluntary worker with the Red Cross after hurricane Gilberto. Apart from having the benefit of being treated by a very experienced British trained doctor, she is really quite inexpensive; charging just 500 pesos for a consultation, with a doctor who is not looking at the clock. Dr. Greta, phone or WhatsApp +52 998 402 6874.