| In the event that you have recently acquired an | | | | relying mainly on persons coming in from overseas if |
| investment property in Jamaica, then you might be | | | | you are going to get a steady rental income for |
| looking at ways to effectively market this place. This | | | | most of the year. |
| requires careful consideration, especially if you had | | | | The beauty with the Jamaica rental homes that you |
| obtained a mortgage in order to purchase one of the | | | | will find in tourist areas such as Ocho Rios, Negril, |
| lovely beachfront apartments in Ocho Rios. So, the | | | | Montego Bay and Falmouth is that they are usually in |
| main purpose of this article is to assist persons in | | | | demands for events such as Reggae Sumfest and |
| your situation and hopefully get you one step further | | | | Jazz and Blues Festival. So, you are sure to get a |
| in obtaining top dollar for your Jamaica rental homes. | | | | mixture of persons looking for place to rent and can |
| To begin with, you need to research and determine | | | | easily get top price during these times. But, |
| the rate for apartment rentals in your area before | | | | realistically this alone cannot generate the revenue |
| doing any form of advertising. For instance, if you | | | | that you want, so you have to market the property |
| own one of the apartments at Sandcastles on the | | | | effectively to have it rented all the time. |
| main street of Ocho Rios, you already know that the | | | | Another strategy that could help you with your |
| advertisements should be targeting mostly the | | | | advertising is to have open house on weekend. Now, |
| visitors to the island. This would even make it easier | | | | I know you might not like this idea, but apart from |
| for you, since you can easily find information on | | | | the online and classifieds this is also a good option. It |
| pricing and other factors on the internet. But, this also | | | | is a fact that signs sell and rent properties faster in |
| means that you have to careful with your pricing and | | | | Jamaica, since most people still like to drive around |
| avoid driving away renters. | | | | and look for bargains. But, owing to the location of |
| A good way to get results is to price your property | | | | your property, it is a strong possibility that you |
| a little less than the going rate, for example if you | | | | cannot put up a sign in this complex and even if you |
| are seeing trend of $1500 US per month, you could | | | | could you might not get any leads. |
| probably advertise for $1450 US. Always remember | | | | The concept of open house in Jamaica is slowly |
| that the real estate market is no different than other | | | | catching on, since some of the big companies in |
| markets and people love to feel like they are getting | | | | Kingston will have them practically every week. Plus, |
| a deal. | | | | you might even be wondering how to get your |
| As soon as you decide on the suitable pricing, then | | | | target market in, but this can work. Remember that |
| you should start advertising online. If you don't have | | | | this area is popular with tourists coming almost every |
| a website, this is not a problem as you can find | | | | day, so instead of having persons coming in every |
| companies that will allow you to place the ads for | | | | minute. It would be best to schedule one day, serve |
| free. These days, potential renters will search | | | | refreshments and get to figure out the price that |
| vigorously online, so it is important that you try this | | | | these people would be willing to pay. |
| medium first. In addition, not many locals will be able | | | | If, you follow these simple suggestions, you stand a |
| to rent your high-end apartment when they can | | | | better chance of getting your apartment in |
| easily find a two bedroom dwelling for $35, 000 | | | | Sandcastles rented right through the year, plus the |
| Jamaican dollars in this area. This means that you are | | | | bank is less likely to foreclose on your property. |