Ideally, a CRMA should be done PRIOR to making an offer on a property. Did you know there is no real estate licensing requirement in Mexico? That means agents need not provide full or accurate disclosure nor have a duty to act in your best interest. If you plan to buy investment property, your research needs to include a comparative rental market analysis, which evaluates certain factors to determine the appropriate rental rate to charge guests. Accurate income estimates are extremely important to your decision to purchase investment real estate.
Knowing how much income the property can generate helps avoid unpleasant surprises after closing the deal. We’ve seen sales agents wildly exaggerate estimated rental income and occupancy projections, and on the flip side severely underestimate the expenses – especially electricity costs. Don’t rely on the projections of someone who has no legal duty to protect your interests, but stands to earn a commission for selling you a property, then reselling it when the projected ROI doesn’t materialize! Integrity VPM can provide this valuable service before you invest your capital. If you already own a vacation property, we can make recommendations to improve ROI with cosmetic or structural changes.
Buying real property in Mexico is very different than purchasing in the United States or Canada. There are many pitfalls to going into such a deal without someone on your side. Frequently real estate attorneys handle the closing process, but they do not represent the buyer or the seller. They simply facilitate the transaction, prepare and file paperwork. Integrity VPM can work for YOU and actually save money because we know what the process entails, we can help explain it to you, review documents and help you negotiate the deal.
Not getting the rental rates you want? Staging enhances a vacation rental to appeal to the highest number of potential renters, thereby helping to book the property more frequently and at a higher price! Staging techniques can greatly improve a property’s appeal by transforming it into a welcoming, attractive rental that guests really want. Using art, paint, accessories, lighting, plants, and floor coverings are some examples. Staging gives potential renters a more attractive impression of the property and increases their desire to stay there!
Integrity VPM will take care of all aspects of your vacation rental from fielding inquiries, screening guests, check-ins and checkouts, property promotional signage, provisioning of the rental with a world class Guest Welcome Book, general maintenance, cleaning, procurement of cleaning supplies, sundries, linens and fulfilling the particular needs of your guests during their stay. We can help you with licensing and compliance with governmental regulations, as many owners are not aware that a hotel license is mandatory for vacation rentals in Mexico. There are also tax liabilities, or course not knowing about them is not a valid excuse for non-compliance.
A key element of a successful rental is to ensure a totally pleasurable experience for guests. At Integrity VPM we make sure that your guests are well cared for and completely satisfied with their rental. We offer them complete Concierge services to cater to all needs from the time they land – including airport shuttle reservations – to arranging tours, golf carts, private chefs, massages and more!
Integrity VPM offer specialized, customizable service plans for the care and maintenance of second home properties. Such items may include:
Do you have plans to build, but won’t be on the island to oversee the project? Let Integrity VPM be your eyes and ears on the ground. We can help you go out for bid to contractors, review proposals and make sure your construction project get done on time and within your budget.
Know exactly how your rental is performing with our simple and straightforward reports. You’ll know exactly when your property is occupied, rental income payments, and all costs and expenses. We know how important this information is and have worked with other Property Management companies who do not provide this valuable data.
We offer the option of full service accounting for your property or properties. Our accounting division can help you form a Mexican corporation to maximize tax deductions. Doing this can also help you obtain a visa and establish residency in Mexico. We have access to excellent Immigration legal services to help facilitate this process.
Integrity VPM’s top priority is to increase rental revenue while decreasing expenses. Clients can leverage the power of our local network to reduce operating and maintenance costs. Our targeted marketing methods will bring high-value guests to your rental property.