*Excellent!!! Love the content it's Highly recommend. But I really do have a question. For someone with less than $10,000 to trade, How would you recommend we enter into trading as a newbie? Because depending on one steam of income is very difficult in this economy crisis so I would greatly appreciate any suggestions.*

@Kellysdolp

3 ай бұрын

I would suggest to reach out to Mavis. What impresses me most about Mavis is how well she accumulate profit for client's and explains basic concept of winning before actually trading for you. And letting you use her trade signals. And she will also teach you how to trade as she trade for you. This goes a long way to ensure winning trades.

@Kellysdolp

3 ай бұрын

*She mostly attend to client's faster on whats-ppp info*

@Kellysdolp

3 ай бұрын

+447

@Kellysdolp

3 ай бұрын

40580

@Kellysdolp

3 ай бұрын

1057

Thanks as always for your PR content. We've been following you since day 1, bought in Cabo Rojo in '22, and always look forward to your videos for good advice 🇵🇷🌴🙏

@TheRetirementality

3 ай бұрын

Thanks Manny! I appreciate you sticking around.

@deinnyf.7443

Ай бұрын

@mannyp5823 Looking to buy in Cabo rojo as well. Do you get good business there?

Our expenses in Cabo Rojo (Not airbnb, full time residents 2 adults ) Taxes $2500.00 Yearly Insurance $800.00 Yearly Yard $3,600.00 Yearly (Large Yard) Pest $30.00 Monthly water $200.00 Monthly ( water sprinkler + refill pool not a rainy area ) Power $475.00 Monthly ( Full Time 2 People + Pool pump and ac all the time ) wifi $100.00 Monthly ( Starlink) HOA $360.00 Yearly ( Gate breaks a lot too.) AC $500 Yearly Maintance Pool $120 Monthly Car "2015" Insurance $900.00 Year

@TheRetirementality

3 ай бұрын

Thank you!!!! This is very helpful for people to compare. Your overall costs are a little lower. Mainly insurance. But, this is great to see.

@monkisbg

Ай бұрын

@benata51 Great info! Any advice on buying an abandoned property for 20K in Cajo Rojo?

@nesq4104

16 күн бұрын

This is a great breakdown of numbers. I was wondering costs in Cabo rojo. Do you like living in that city?

Great info as always! All those are expenses anyone needs to consider when thinking of investing in a vacation rental anywhere. Pool maintenance and yard work seem a bit higher than the average price where I live, but homeowners insurance is a chunk cheaper!! For a vacation rental, and the size of the house, I think under $2000/year is where your main savings is. I don't think you could obtain that price in other states where hurricanes are a threat too.

@TheRetirementality

2 ай бұрын

Great observations.Thanks for watching and supporting the channel. As with everything, there are pros and cons. You just have to decide which ones are deal breakers, and which ones you can live with.

Truly appreciate your content. Thank you for this.

@TheRetirementality

2 ай бұрын

Thanks for watching, and for the comment.

You said how much the costs are, but how much are you making with rentals?? What's the return. The insurance seems expensive, but I'm wondering how much is because you have a pool... We're thing about doing this, but our goal is to at least have it pay for itself, but a little profit definitely wouldn't hurt. What percentage of the year is it rented?? We would want to have maybe a month and a half during the year for our own use. I went down with a group to help fix roofs after Hurricane Maria, it isn't too complicated, just a bit of manual labor, and pray for a few days with no rain. A power washer is the main tool unless you have to fix some cracks.

@TheRetirementality

2 ай бұрын

I have a different video where I talked about the income the house. As I said in this video though... it really depends on where your rental, is and how big it is, if you use property manager, if you have a pool, etc. The numbers on this house are similar to my rentals in FL.

You build the pool?

After all of the expenses are paid, how much are you able to profit from this particular house?

Good video & I’ll be looking forward to the updates……..I believe you’re in Punta Santiago, correct? I’ve been studying Palmas Del Mar extensively and P.S. is right next door. I’ve looked at some properties in P.S. also, as the pricing there is attractive v.s. Palmas. One serious concern that I’ve read about in P.S. is flooding. I know you have insurance & $650/yr. isn’t bad at all, although getting any insurance company to follow through with adequate repairs on a timely basis is asking a lot anywhere on the island. P.S. is an area that is extremely low lying & I think it got slammed by Maria. I wonder what repairs had to be done to that home in 2017 or whenever the situation was finally addressed

@TheRetirementality

2 ай бұрын

Thanks, they told me the water didn't get to my house. Not sure if we need the flood insurance or not, but it's a pretty cheap policy. There are lots of mangroves and things in the area so it is low. Palmas has some elevation to most of it. Depends on how close to the water you want to be.

@markcanfield7598

2 ай бұрын

Yeah, you’re pretty darn close. Just had heard that P.S. is prone to flooding & it’s sometimes extreme. Not much you can do about it now so I hope that all works out well!

Is this a condo?

He’s forgetting his labor in that cost! Nobody runs their own business without not having their labor or salary added to the cost.

@TheRetirementality

3 ай бұрын

And plane tickets and rentals cars to come and work on the property. But, I also have a property manager that handles the day today. I didn't include those items because they basically get paid from the profit. They aren't really tangible costs. If I come to the house 6 times a year or 1 time a year my costs will vary but really that isn't a fixed cost. But, you are right.

@brianrader9502

2 ай бұрын

Who do you use for your rental insurance? Is and is it for STR's or just for rentals? TIA! LOVE the channel. We have an STR in Vega Baja.

How muh does it cost to Airbnb your place?

@TheRetirementality

3 ай бұрын

Is that what you have? Our pool guy that built the pool.... who was not good.... said "no one uses sand filters in PR".

@scotthumbert2881

3 ай бұрын

@@TheRetirementality my new Airbnb will have a sand filter for the pool

$1800 a month for home insurance?

@TheRetirementality

3 ай бұрын

Per Year.

@scotthumbert2881

3 ай бұрын

Sand filters are available in PR.

@engineerfalde

3 ай бұрын

Lol I was about to say that myself

@ffjsb

3 ай бұрын

@@TheRetirementality Yeah that confused me too...

Do a roof video.

Definitely interested in roof repairs

@TheRetirementality

3 ай бұрын

Ok, I'll work on putting one together after I get the bills for the repairs.

@virginiasmith1336

3 ай бұрын

@@TheRetirementality thank you

@mariel3243

3 ай бұрын

Agree, would like to hear more