Advantages of Owning a Vacation Rental in Boquete, Panama

Beautiful beaches, majestic architecture, and a rich history are just some of the things you can find in Panama. The country has become an incredible tourist destination over the years, attracting millions of people from all over the world. So if you’re starting to think that investing in a vacation rental in Boquete, Panama is a good idea, you’re right.

 

Top reasons to invest in vacation rentals in Boquete, Panama

·        Earn a sizable income

Renting out a property can give you a good source of cash flow over time. Not to mention, more and more travelers are starting to prefer short-term rentals over hotels. Airbnb rentals, for instance, are steadily growing in popularity, preferred by tourists for their affordability, convenience, and availability of household amenities.

Take note that if you intend to operate your vacation home as an Airbnb in Panama, you must register it as a short-term rental and obtain a vacation rental license. The average rate for Airbnb homes in Boquete is $92 per day, with single-night stays being the most popular option.

·        Become a homeowner

Owning a home in Panama gives you complete control over the property. If, for instance, you decide to stay in the country for an extended period, you can stop taking short-term rental applications and use the home for yourself. This way, you can save money on accommodations while still earning money in the long run.

·        Take advantage of the local market.

Tourists will never run out of things to do in Boquete, from rafting on the Chiquiri Viejo river to exploring coffee plantations. But, of course, if there’s one thing everyone needs after a long day of traveling, it’s a place to rest.

Because Boquete is a relatively small town with a population of about 30,000, it can be difficult for tourists to find hotels that aren’t full during the holiday season. This is where you come in—by offering vacation rentals, you can take advantage of the booming tourism industry and attract more visitors to the area.

 

Earn passively and invest in a vacation rental in Boquete, Panama, with the help of an experienced realtor now!