Puerto Rico

[Angel9]

Looking to connect with hosts in Puerto Rico.

Please hit me up.

Mainly want to connect with those more experienced who have gone through high/low seasons.

And how they manage to stay on top of the tides.

[Steve11]

Looking for for Hosting Company that can invest in long term rental building in Santurce Area of San juan

this is a 2 level building with approx 18 rooms

this Building is not For Sale!!

serious inquires only!!

Puerto Rico Property Vacation Rentals

Steve

[Luis1004]

This company provides multiple  services and co hosting services. They also service most of the island. They help convert your properties or investment properties into a fully ready staged rental units. They also provide resort style cleaning services for your units. 

https://bnbrentalhost.com BNB Rental Host. 

[Casa-Dos-Torres0]

Hello fellow members! I am looking for some accountant referrals as I am trying hard to navigate the local tax law! Any help would be greatly appreciated. I formed an LLC and trying to decide whether to elect a pass-through or C-corp style taxation in PR. I am not a resident so I don't know what implications I may have. Will I need to file an individual return on C-corp distributions as a non-resident? 

[Jerry516]

If you are living in the US, find a tax preparer who understands your tax rights such as being exempted from capital gains taxes just for investing in Puerto Rico. 

[Genesis20]

Hello Everyone,

My name is Genesis Camacho and I founded a property management company in Puerto Rico, At Your Service LLC. I am seeking Airbnb hosts that need assistance managing their Airbnb listings and other platforms. We offer the following:

Only manage the communications portion. (Online Services)

Only manage the property management in-person portion. (Personal Services)

Only handle the housekeeping portion. (Personal Services)

All of the above or combine services.

We currently manage around 20 properties online only in Asia and have personally managed around 7 properties in the San Juan area, all for super hosts!

If you live in Puerto Rico, are an Airbnb owner and would like to discuss further please reach out at *sensitive information removed*. We are currently seeking in the metro area. You can also follow our Facebook and Instagram page.

*removed solicitation in line with the Community Guidelines*

[Janice246]

Thanks for the info! 

[Cynthia482]

I was a superhost for an apartment in an isla verde condominium but the junta told the apartment owner she couldn't have an Air BnB, so now I lost my Air BnB.  Have you had any problems with this?

[Janice246]

That’s terrible! That’s one of my concerns with investing in PR. Part of me likes the safety and convenience of a condo but I worry about the value dropping if they suddenly forbid. airBnB. I kind of prefer to invest in a small single family home by the beach with no HOA but those don’t  come around often. 

[Ricardo-and-Laura0]

Hi

Janice, Puerto Rico Beach Rent is a full service property management company, specializing in managing and marketing Vacation Rental condos and villas in Puerto Rico.

We can also help you to find the perfect property..  

Thanks in advance

Ricky

stay @ puertoricobeachrent . com

[Sam589]

I bought my place Jan 14, 2019. I quickly got the HOA rules. I read it carefully and it looked like I was allowed to do daily rentals. I paid a San Juan real estate attorney to read my HOA and confirm what I read. He did and I was right. I also asked him for a letter in case my HOA forget what they wrote and I can present the letter or we litigate. My HOA does not have the money to litigate. Finally there is an undecided case in PR’s highest court about this issue. And there was legislature being considered to allow condo owners to do daily rentals.

[William837]

Hi, has anyone applied to any of the Puerto Rico Tourism Company incentives?

[Sam589]

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[Sam589]

I'll give you my direct experience with variance.

1) I paid $141,000 (foreclosure). My property tax is $1,700 per year in the municipality of Vega Alta. 

2) I was in P.R. about 10 days per month this Jan, February, and March and my bill ONLY were about $20 per month!!! Why that cheap, I don't know. I don't run my AC much too, and I had "cutting edge," brand new Fujitsu ACs (five of them) with inverters and WiFi connection. My penthouse is 2,200 sq ft, but I do get a great ocean breeze - I'm on the top floor/5th facing north towards the ocean bordering Dorado - Ritz Carlton is 2 miles east of me. Maybe $100/month full-time AC bill for a month WITH high SEER. Mine at about 19 SEER. Don't forget to also check EER to do a comparison. Let me know if you need an AC contact. I went through Costco AC contractor.

3) I have ZERO interaction with the PR government of any kind for my soon-to-be AIRBNB penthouse.  I tried.

4) Another method is to try to get your hands on any of the HOA condo/gated house rules to be 100% sure you can't be stopped. You'll be very upset if you buy a home in a gated community, and find out the gated community MIGHT have rules against AIRBNB. 

5) I recommend you look "way" beyond utilities and perform a return on investment model to focus on how the paid ratio (what you pay for your unit) to AIRBNB rate first. The less you pay for your house, the quicker, and better, you can make a profit. Here's a case study:  If you buy a $200K home, and if you get $249/night - used AIRDNA to get your daily rate average -  and other research, if you rent about 50% of the year (utilization rate), you could get ALL your money back, $200K, in about 6 years and thereafter "gravy" plus IRS publication 527 "benefits"/write-offs. 

FYI: I used home path site for two years before I found/bought my unit. It will also retirement place in about 10 years.

3) 

[Kelly792]

This is perfect!  I am in the process of putting together my small business plan (it is only for me, but I have done one for every project I have ever put together and it is now my MO for looking at return on investment etc.) 

I am looking at single home investments as opposed to anything in an HOA or any condos.  I have a very low initial purchase price on the properties I have it narrowed down to.  The per night price is low but the option makes me cash forward fairly quickly.  

[Janice246]

Kelly that is exactly what I want. I prefer SF because they’re cozier properties and less “hotel like” yet still great service. I really really really want beach front which is harder to find. I worry about yard maintenance being out of state. But we’ll cross that bridge when we get there. Do you have a reputable agent, or wholesaler you recommend? We’re open to any area on the north west coast (San Juan, Condado, Isabela, Cabo Rojo) but  would consider Luquillo also if the right property comes along at the right price. 

Looking forward to following your journey. 

[Janice246]

We’re planning on flying out end of July to look at properties. Really need someone honest and reputable, and reliable. 

[Sam589]

Do your homework!

i have a contact who is also a federal employee in PR. I would trust him but you still have to stay on top of everything!!! Accountability!! I just went through this crap and have the “scars” prove it, but it was exciting and I got a hell of a deal. Again, I did a lot of homework...a lot! This includes writing certified letters to my closing company with a threat. Everything worked out cuz I held everyone accountable.

Good luck getting return calls! This was my biggest problem with almost everyone including the attorney. This is why I certified, express letters that needed to be sign and jeopardized their licenses if they deviated from my written instructions. Even the locals were impressed how much I got done in a very short period.

[Janice246]

Yeah. I grew up on the island and I’m well aware of how hard it is to find good resources. I have your info Carlos, which I appreciate. We’re now making sure we focus on finding a property and go from there.  

[Sam589]

Interesting. My wife grew up on the island; therefore, she did not want anything to do with buying real estate  in PR. She let me do it all until she saw results and helped me out. I’ve been going to the island since 1963. 

I spent two years analyzing and bidding on properties in PR remotely. Finally I won the bid this December 24th with Fannie Mae. 

I also figured I might be running out of time with the economy looking better every few months per economic reports and lost opportunities with prices going up. PR just hit a record number of tourists. 

[Janice246]

I have a lot to learn. Didn’t know you could bid on properties remotely! You agree about prices starting to go up.