Are you looking for an ideal place to invest in short-term rental property for Airbnb? How about a little spot known as The City of Eternal Spring?
Vincenzo Villamena is the CEO and Lead CPA at Online Taxman and the proud owner of Airbnb investment properties in Medellín, Colombia. A digital nomad himself, Vincenzo chose apartments in the Poblado neighborhood in part because of its popularity with Expats. His ability to speak Spanish along with Medellín’s reputation for beautiful weather year-round make it an ideal place for Vincenzo’s Airbnb investment.
Today Vincenzo shares how he leveraged his expertise in accounting to unearth apartments in Medellín with significant ROI. He explains the city’s regulations, addressing how closely he follows the rules in each of his investment properties. Vincenzo discusses the factors he took into consideration when deciding where to invest, the process of negotiating with property owners, and how he used his IRA to buy one of the apartments. If you’re thinking about investing in property to rent on Airbnb, listen in for Vincenzo’s best advice—and learn why it’s important to make friends with the doorman!
Vincenzo’s investment properties in Medellín
How Vincenzo deals with regulations in Medellín
The benefit of investing in locations with fewer seasons
How Vincenzo used his IRA to purchase the 3BR apartment
The factors Vincenzo considered in deciding where to invest
Vincenzo’s advice for aspiring Airbnb investors
How Vincenzo negotiated to buy his investment properties
This episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests!