Hi
I rented out an apartment for 9 years, from 2004 to 2013, to one single lady. The flat was in Recoletaand had about 1,400 ft2 and one full bathroom, another half and a maid's bathroom. It had two large bedrooms and a maid's room. It was in very good shape. I ended up getting about $1,375 but I paid for all expenses except utilities. It was unfurnished and had a carport.
Whether it was too cheap or too expensive was not important to me because the lady kept it spotless and paid me in dollars (ironically, this did not end up mattering because we gutted the apartment when we remodeled it!). She would deposit the money in my account in BA.
This last year, we completely remodeled it and spent a tiny fortune doing so. Now we are faced with a similar dilemma to yours: keep it empty (we only travel there twice a year) and or put it up for vacation rental to generate some income. We are afraid of the damage that might be done to it if we put it on vacation rental but on the other hand, we could use the extra money to pay for the operating expenses and some airline tickets. We don't know what to do.
When we put the apartment out to rent, we used a local agency that had extensive experience with theEnglish speaking community, but I ended up finding the tenant by placing ads in LaNacion. The realtor just pocketed the commission for drafting the rental agreement, not for finding the tenant!
Would I sell now? Unless you need the money, this is not the time to sell. From everything I read, prices have come down and dollars are in great shortage. So, if you held it for 30 years, you can do so for two more and hope you can get a better price at that time.
Good luck.
I rented out an apartment for 9 years, from 2004 to 2013, to one single lady. The flat was in Recoletaand had about 1,400 ft2 and one full bathroom, another half and a maid's bathroom. It had two large bedrooms and a maid's room. It was in very good shape. I ended up getting about $1,375 but I paid for all expenses except utilities. It was unfurnished and had a carport.
Whether it was too cheap or too expensive was not important to me because the lady kept it spotless and paid me in dollars (ironically, this did not end up mattering because we gutted the apartment when we remodeled it!). She would deposit the money in my account in BA.
This last year, we completely remodeled it and spent a tiny fortune doing so. Now we are faced with a similar dilemma to yours: keep it empty (we only travel there twice a year) and or put it up for vacation rental to generate some income. We are afraid of the damage that might be done to it if we put it on vacation rental but on the other hand, we could use the extra money to pay for the operating expenses and some airline tickets. We don't know what to do.
When we put the apartment out to rent, we used a local agency that had extensive experience with theEnglish speaking community, but I ended up finding the tenant by placing ads in LaNacion. The realtor just pocketed the commission for drafting the rental agreement, not for finding the tenant!
Would I sell now? Unless you need the money, this is not the time to sell. From everything I read, prices have come down and dollars are in great shortage. So, if you held it for 30 years, you can do so for two more and hope you can get a better price at that time.
Good luck.
