Many of our buyers chose to use their properties as rentals when they are not in the DR. For some, this rental income makes owning possible. Others buy strictly for investment purposes. At the least, owners that use their properties as rentals can expect their monthly running costs to be covered.
Properties rent very well, especially during high season (the North American winter months). You can generally count on an average yearly occupancy rate of 50-90%. This depends on the unit, of course: it’s location, size, condition, etc
Many condo and housing developments have on-site rental management programs and cater to owners who are not in residence. Dominican Republic Properties works with several developers and companies that offer this type of product.
If you choose to rent a luxury property in the DR Please let us know and we will be happy to put you in touch with one of our local partners.
Some general monthly costs associated with operating a rental property:
The key to having a profitable rental is choosing the right property. We are happy to help you find the right one, as well as point out those that will not be as profitable.