Short-term Rental Investment Opportunities in Colombia
Summary
This podcast episode discusses short-term rental investment opportunities in Cali, Colombia, highlighting its potential for digital nomads and foreign investors. It covers the pros and cons of investing in Colombia, including financial advantages like earning in dollars while spending in pesos, and emphasizes the importance of risk management, particularly by choosing a great manager.
Key Insights
- •Colombia offers potential for a 10% profit after costs due to its low cost of living and the strength of the US dollar.
- •The podcast episode analyzes STR revenue management challenges and strategies, highlighting the importance of scheduled routines.
Action Items
- ✓If investing abroad, make sure to find a great manager to eliminate most of the risk if you are not planning on being 'on the ground' with your STR investments.Effort: mediumImpact: high
- ✓Consider investing in STRs in Colombia to take advantage of the favorable financial conditions.Effort: highImpact: medium
Tools & Resources
- →The Cali Adventurer: The Cali Adventurer blog by Patrick Spanfelner.
- →EXSTR Apartments: Patrick Spanfelner's units at EXSTR Apartments.
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Curated by Learn STR by GoStudioM