You may not be able to spend all year at your new home in Barbados. Renting out your home can help you offset the costs of ownership and earn a return on your investment.
Estimated earnings from short term rental of the Coral Beach apartments suggest a cash return of 4 to 4.4%. Holiday home experts on the island have projected nightly rates and occupancy levels for the various seasons based on actual rates achieved at more than ten comparable properties. Based on their experience they have estimated annual expenses and predicted the net revenue based on current market conditions.
If you would like to rent out the home when you are not on island, we can suggest the Holiday Home experts at Blue Sky Luxury! They have been renting and managing holiday homes in Barbados and the Caribbean for almost 40 years. Blue Sky Luxury is part of the Terra Group.
Your Terra Caribbean sales agent can give you more information and connect you with a Blue Sky Luxury agent when you are ready.