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Hola! Welcome to Paradise. My name is Michael Simons - the Owner/Broker of 3 major real estate franchises in the Papagayo Region - RE/MAX Tres Amigos in Playa Hermosa , RE/MAX Prestige Ocean Properties in Playa Panama and RE/MAX Ocean Village in Playas del Coco.

The majority of people interested in buying real estate in Costa Rica tend to have many of the same questions so I took the time to answer them in detail here in a fun and informative way. This site contains a tremendous amount of information for you and allows me to express my views and pass along wisdom gained while living and doing business in the tropics. Hope you can join us. Pura Vida!

I will respond to your questions immediately with an email or personal phone call.

See you here in Paradise!

Can I make money renting my property in Costa Rica

Written by Michael Simons on . Posted in Buying and Selling Property in Costa Rica, Condominiums, Homes, Investing in Costa Rica

Can I make money renting my property in Costa Rica?

Can I make money renting my property in Costa Rica

In almost every development, the breakdown of ownership is about the same. One third of all the owners live there fulltime; they are Ex Pats who have made paradise their permanent residence. One third of them are your typical snowbirds; they spend 3 to 6 months a year here, when the weather turns in North America, and then spend the summer months back home. Some of them rent their properties when they go back north, but many of them just lock the door and leave. They don’t need the money and don’t want anyone “sleeping in their bed.” The last third don’t live here at all. They either have a 3 to 5 year plan to becoming one of the first two, or they have no intention of ever living here at all, they just own the property as an investment. They come down as often as they can, depending on their lifestyles and their incomes, and they rent the property the rest of the time.

So, can I make money renting my property in Costa Rica?

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