Are you buying a home in Puerto Vallarta with potential for generating income?
When purchasing your home in Puerto Vallarta there is a revenue generating potential, especially if your purchase is intended for part-time enjoyment. Because the local economy is largely based on tourism, it is important to consider using your property as an income generating investment.
To give you an idea of the growth in tourism, more than 4.5 million tourists visit Puerto Vallarta in 2017, over 4.7 million in 2018 and 5 million in 2019. This is strong indicator of growth and potential to generate revenue with your property.
Richardsons Property Management and Guest Care, offers a service that helps you evaluate the income generating potential of the property you are thinking about purchase. Upon your or your brokers’ request we will analyze each property you are considering for its rentability and potential cost of upgrades or improvements that may or may not be needed to bring up to par with the vacation rental market.