3 Reasons We’re Investing in the Tropics (and You Should, Too)

a-home in tropics

If you’re like most people, you’ve gone on vacation and thought “I wish I could live here year round.” But then that rat race mentality kicks in, and you start thinking that the good life is too good to be true. What if you learned of a place that’s tropical and exotic, but still close to everything familiar, a place where you could retire while you’re still young enough to enjoy it? Well, we’ve found it, and it’s not some mystical land that’s far, far away. In fact, it’s practically in your own back yard.

The Grand Cayman Islands are a haven for people who want to enjoy a slice of the good life, and the living is easy. It’s also a lot more affordable than you’d think. It’s normal for the uninformed to think of buying real estate in Grand Cayman as a tax shelter, and that may be part of it, at first. But the fact is that most investors are there for the long haul; what was intended as a vacation home or a property investment quickly becomes an affordable way of life.

Her are the top three reasons that we’re making the Cayman Islands our new home, and you should, too.

1. Favorable Tax Laws

This is the initial draw, so let’s get it out of the way. The tax laws in Grand Cayman are very favorable for the small investor. The government imposes no tax assessments or capital gains taxes, and if you decide to lease your property in the off-season, you’ll pay no tax on the income. The tax and land use regulations are especially friendly toward foreign investors.

2. Stability

The government and economy in Grand Cayman are some of the most even and stable in the world. It was originally a British territory, and although they are self-ruled, their laws and governing style is modeled on the Brits’ way of doing things. It’s also a society where people from all over the world live in harmony; you won’t find the social upheaval that you see in other island nations.

a-beach

3. Location, Location, Location

Where else can you find a stable, peaceful and affordable tropical paradise that’s just a short boat ride away from the US mainland?

The key to investing in property in GC is to invest for pleasure, not for gain. RE/MAX Cayman Islands is an example of one of the many companies from the US mainland that can help you make your dreams of cheeseburgers in paradise come true. In the end, having a great life is all about quality. If you have the opportunity to grab your little piece of heaven, take it; you only live once.

All You Need Is A Property Management Software For Your Leasing Business

Managing a business is not as easy as you think.  There are ups and downs to it.  The best thing you can do is to be ready whatever the risks may come.  If you are not a risk taker, putting up a business is not for you.  A person should have the skills when it comes to managing a business.  One of these skills is the ability to do accounting.  When it comes to money matters, the business owner should be wise.

An example of a business that requires high knowledge in management accounting is the Property Rental business.  It deals with real estate and property leasing.  To help the property owners to be able to manage their business effectively, Property Management Software is highly recommended.  The software is designed to organize, compile, and itemize transactions-from rental reminders to bill payments.  It is a complete office assistant for landlords, property owners, and homeowners.

Like I said, business management is not easy.  But with the right tool and excellent skill, the business will become successful.  And if you are like me who have properties currently on lease, better get Property Management Software now.