The Baja Rental Market
The market for short and long term rentals in Baja, Mexico is huge and growing. Especially in top resort destinations like La Paz and Los Cabos in southern Baja, and Rosarito Beach in northern Baja.
Short and long term renters from the U.S., Canada en Mexico, who come to Baja, Mexico, to work in a tourism related field are a prime rental market for the savvy second home investor. And, every year, more and more foreign and national investors are acquiring Baja property for rentals and vacations.
You will also find that many newcomers to Baja are looking to rent or lease a home or condo, while they get settled in their new Baja surroundings. Local professionals and small business owners are a prime market and almost everybody you will meet in this category is fully fluent in both English and Spanish.
There is also a huge market for vacation rentals as many high-income visitors prefer to rent a villa or stand alone home for their visits and long term vacations, rather than stay in a resort. Corporate rentals are also common for groups.
There is a high demand for quality vacation rentals in Mexico and as a result, many well established property managers and management companies are available to help you take advantage the opportunities out there.
Rental contracts are simple and very similar to those found in the U.S. and Canada. They should always contain an arbitration clause and a security deposit requirement is almost always a good idea.
Contact your local realtor for more information on how to rent your Mexico property while you are away, most realtors will manage your property for you.
