I spent the last two days looking for a fully furnished short term (1 month) apartment in the Chapinero area of Bogota and couldn't find anything, so I ended up back at the apartment that I rented back in January. Its a decent place but I was looking for something bigger, its a bachelor and is nicely furnished, WI-FI, flat screen TV with lots of channels, full laundry and 24/hr security. The rent is 1.5 million pesos or about $850 USD at today's exchange rate.
Its hard to believe that in such a cool neighbourhood there aren't more short term rentals available, this made me think about an American guy that I met in Cali who is doing the following to make some decent cash flow:
He's renting an unfurnished 2 bedroom apartment in an upscale part of Cali, buying nice furniture at a cost of about $5-7K and having a local property manager guy take care of it while he's back in the states. I'm not sure how much he'll charge but I was paying 100,000 pesos or about $55 USD/night in a nice 1 bedroom there, the bachelor in Bogota goes for 90K/night.
This sounds like something I may consider if I decide to set up shop in Colombia sometime in the future (probably 1-2 years), the benefits that I see would be:
-Having a nice place in Colombia to live in while I'm there
-Making a bit of money on it through short term renters while I'm back home
-Not having to deal with the risk or hassle of buying a condo in Colombia
-Apparently used furniture has a high resale value down here, another bonus
Of course this could be done anywhere, I'm doing it with my condo now in Canada, another guy is paying my mortgage, condo fees and property management fees.
Any thoughts on this guy?
Its hard to believe that in such a cool neighbourhood there aren't more short term rentals available, this made me think about an American guy that I met in Cali who is doing the following to make some decent cash flow:
He's renting an unfurnished 2 bedroom apartment in an upscale part of Cali, buying nice furniture at a cost of about $5-7K and having a local property manager guy take care of it while he's back in the states. I'm not sure how much he'll charge but I was paying 100,000 pesos or about $55 USD/night in a nice 1 bedroom there, the bachelor in Bogota goes for 90K/night.
This sounds like something I may consider if I decide to set up shop in Colombia sometime in the future (probably 1-2 years), the benefits that I see would be:
-Having a nice place in Colombia to live in while I'm there
-Making a bit of money on it through short term renters while I'm back home
-Not having to deal with the risk or hassle of buying a condo in Colombia
-Apparently used furniture has a high resale value down here, another bonus
Of course this could be done anywhere, I'm doing it with my condo now in Canada, another guy is paying my mortgage, condo fees and property management fees.
Any thoughts on this guy?