Rental Profits: could your numbers be higher?

Almost every week I receive an email from a customer who is considering purchasing real estate in the Virgin Islands. Many of these people would like to own a "vacation rental" that would be rented out for 1/2 the year and they could use it the other half.

It should be noted that in the V.I. we have two different types of rentals: Villa & Long Term/Short Term.

If you are seriously considering investing in one of the most beautiful places in the world, let me as you one question: "CAN I PLEASE HELP YOU MAKE MORE MONEY?" Everyone wants a great deal that will be a cash cow. However, know one is willing to shell out a few extra dollars to make this happen.

Did you know that the Virgin Islands spends almost twice as much on electricity than any other state in the U.S. If that isn't enough, it is 3-5 times higher depending on where in the country you live. So why in the world are we not doing anything about this?

Whether you own a Villa rental or a Long term rental, why not add minimal solar resources? For example a 900 sqft home could spend up to $400-$700 per month on electricity costs (due mainly to hot water heating and air conditioning).

This is for a small home. Many of these Villa Rentals spend upward of $1500 per month on electricity. Wouldn't you love to have that much more per month in your pocket?

Sure, some people will say "well my renters pay that cost anyway, so it is no big deal!" Oh yeah? That is money out of your pocket and into the electric company's pocket.

If you are serious about investing in the Virgin Islands check out http://www.sellvi.com for more information!

Oh by the way, have a great day!