Rental Properties In Medellin, Colombia

Selecting A Property Manager For Your Overseas Rental

One of the most rewarding things you can do abroad is to manage a rental. I find it enjoyable to get to know an area, pick the property, and outfit it for the rental market.

And managing a rental is also a good source of income… while sometimes also providing that income stream in another currency.

Aside from being a landlord, I’m also a fan of renting a furnished apartment for any extended stay in a foreign country, since it’s the best way to get to know a place. So I’ve got experience as both a landlord and a frequent tenant, allowing me to see both sides of the coin.

Being a landlord is not always fun. But having a good property manager can make your life a lot easier… and having a good contract with your property manager makes your eventual success far more likely.

The property manager is your representative when dealing with your renters… Continue reading

7 Tips For Restoring Real Estate Abroad

7 Tips For Restoring Real Estate Abroad

Fixer-Uppers: A Great Way To Experience The Culture And Turn A Profit

A lot of overseas buyers are drawn to the fixer-upper. That is, a home that falls somewhere on the continuum between “bring your paint brush” and a total wreck.

I’m a big fan of restorations myself, and my wife and I have done several projects overseas. Several times, we remodeled while our shipment of household goods was en route, which makes the inevitable mess much easier to handle.

One reason many of us like the fixer-upper is that they are generally selling well below market value, so the upside potential for the finished product is enticing. But also, many of us simply enjoy the work of restoring a home.

Restoring a run-down home is profitable because

Continue reading

Today’s Top Markets For Maximizing Your Declining Dollar Discount

Today’s Top Markets For Maximizing Your Declining Dollar Discount

Today’s Best Markets For U.S. Dollar Buying Power

The U.S. dollar came to life in 2014, after years in the doldrums. It gained dramatically against many of the world’s currencies, creating a buying opportunity for dollar-holders that was unprecedented in recent memory.

Those of us in the property investment business sent out weekly tirades, urging readers to take advantage of the buying opportunity… and frankly, thousands of you did exactly that.

But what about today? Does the U.S. dollar still hold a big advantage?

The short answer is yes… even though the U.S. dollar is off its peak against virtually every currency, it still has strong buying power in certain markets… far more buying power than it had in 2013. But in other markets, while the U.S. dollar still holds an advantage, that advantage is significantly less than Continue reading

One Of The Smartest Land Purchases You Can Make

Why These Farms In Uruguay Are Such A Smart Purchase

One of the smartest property buys you can make is a property that serves more than one purpose in your overall financial and lifestyle agenda. And there are few investments that do this more efficiently than the Uruguayan land parcel known as the chacra.

In Uruguay, the chacra is a popular way to invest in land… but it also gets you a few other benefits:

  • It gains you a foothold in one of the best countries for international diversification;
  • It can provide a self-sustaining home that’s off-the-grid;
  • A chacra can give you the presence required for Uruguay’s program for residency and second citizenship;
  • Being a Uruguayan property owner is a natural segue into Uruguay’s financial system, with its multiple-currency and high-interest accounts.

Continue reading

An Urban Setting With Plenty Of Green Space

Cali, Colombia: An Urban Setting With Plenty Of Green Space

Cali: Great Lifestyle, Low Price Tag
My workout over, I wipe my brow and walk over to chat with Sergio.

Sergio comes to Parque El Ingenio almost every day to sell agua de panela—water flavored with brown cane sugar and lime—to the folks who exercise at what I have come to call “The Flintstones Gym.” The equipment here is homemade. Barbells and dumbbells sport blocks of concrete rather than steel plates, but the equipment is well maintained and this is a popular spot in the mornings. The men who come here are serious about working out, but also friendly, and they welcome me with smiles and nods.

Sergio pours me a generous cup of agua de panela, and I fish a sweaty 1,000-peso bill—about 35 cents—from my pocket. I hand it over and we begin another of Continue reading

Retirement For Boaters

Sail Into Your Retirement: 3 Top Retirement Spots For Boating

My first retirement plan—10 years before I moved to Ecuador—was to spend winters in Arizona and summers living on our 44-foot boat in the Chesapeake Bay. We planned to spend part of the season docked in the small town of Charlestown, Maryland, and the rest of the time cruising up and down the Continue reading

Languedoc Has Changed Its Name

Why Property In Languedoc Keeps Growing In Popularity

Why The Languedoc Has Changed Its Name But Not Its Attraction To Property Buyers

It can change names as many times as it likes, but the wine producing Languedoc area of southern France remains one of my favorite places in the world. More and more people are getting to know its wines, but property prices don’t appear to be reflecting the area’s growing appeal.

The Languedoc region is sometimes referred to as “The Other South of France” because it is not neighboring Provence or the Côte d’Azur, but it is geographically the most southern part of France, with Provence-Alpes-Côte d’Azur to the east, the old Midi-Pyrénées to the west, the Auvergne to the north, and Spain to the south.

Historically Languedoc was a province of France, it’s only in recent times that Roussillon was added, turning the area into a region. The original Languedoc has a fascinating history and even its own language, Occitan, which is similar to Catalán, from just over the border in Spain.

It’s from “Occitan” that the region’s new name is derived. At the beginning of this year, Languedoc-Roussillon was merged with the neighboring Midi-Pyrénées region, and Continue reading

A Rental Market Overview Of Medellín

A Rental Market Overview Of Medellín’s Top Neighborhoods

The Latest On Furnished Rentals In Medellín

Last week, I saw a report that’s important for anyone who wants to get into Medellín, Colombia’s lucrative rental market… or anyone who wants to rent a furnished apartment for living in this popular expat destination.

The study analyzed the costs of 350 furnished rental units on the market in Medellín’s most popular sectors. It provides a good source of unbiased data.

So, with this rental data in hand, now is a good time to look at my three favorite areas in the Medellín valley to get a picture of today’s rental market.

Let’s start with the most popular sector in Medellín.

El Poblado: The Beverly Hills Of Colombia

With lush, shady streets, tumbling mountain streams, and excellent residential options, it’s no wonder that El Poblado is Medellín’s most popular area for expats, travelers, and tourists.

El Poblado is green, forested, and uncrowded at its higher elevations, getting more “citified” as you approach the valley floor. The lower parts are walkable, with everything close at hand. El Poblado is the most expensive and exclusive area in the city and is the best place to own a rental property.

The centerpiece of El Poblado is the Zona Rosa, with its restaurants, cafés, clubs, discos, and Continue reading

Why Ecuador's Best Beachfront Property Is Found In Salinas

Why Ecuador’s Best Beachfront Property Is Found In Salinas

A Great Lifestyle With Inexpensive Beachfront

Ecuador’s coast has lots of beautiful, unspoiled, and fairly undeveloped seaside towns. In fact, Ecuador’s undeveloped coast is what draws a lot of people to the country.

But if my agenda were to enjoy resort-style amenities—restaurants, cafés, nightlife, groomed beaches, and an active real estate market— then Salinas is where I’d buy.

I first visited Salinas back in 2002, and have kept an eye on it over the years. Recently, two things changed that have affected the property market:

  • Ecuador’s major coastal earthquake in 2016 actually caused an increase in tourist and rental traffic to Salinas.
  • Salinas—always accessible from the international airport at Guayaquil—now has its own airport with flights to Quito… making it accessible to Ecuador’s other major international airport.

When you come to Salinas, Ecuador, during the North American winter, you’ll find an energetic, bustling Pacific resort city soaking up some of the world’s best weather. As I write this (on Saturday, April 29), Salinas is enjoying a mixture of clouds and sunshine, with high of 83°F (28°C)… a forecast that remains pretty much the same for the next 10 days.

In the real estate market, condo prices a few blocks back from the beach start at around US$65,000… Continue reading

top picks global property summit

Canada’s Maritime Region Offers A Tranquil Seaside Escape

Look To The Maritimes For Canada’s Best Real Estate Buys

It started as a joke, people fleeing the United States after the election. But after putting up the website “Cape Breton If Donald Trump Wins,” creator Rob Calabrese saw more than a million visitors to the site within the first few weeks.

Then after the election, Canada’s immigration website crashed, as potential “refugees” investigated actually moving to Canada.

Thousands of people wrote to Calabrese personally, asking how they could relocate to Cape Breton.

Oddly, these people included a lot of Trump supporters.

Why?

Because houses on Cape Breton, and in all of Canada’s Maritime provinces, are a great deal for interested buyers… especially those with U.S. dollars. And, like the president himself, everyone likes a great deal. Continue reading