Alternative residence for the time of war
Photo by Daniel Lincoln on Unsplash
In the last 2 years a new immigration category emerged in the Dominican Republic: the people who count with the outbreak of war and do not take any risk of collateral or other damage. We are getting emails with this background every week - with an increasing trend. Some authors point out that in World War II the Caribbean has been spared and hope for analogue development in future disputes.
At Caribation, we are of course not trained in future research. We are completely unfamiliar with political forecasting. But if you are looking for a second, or rather an alternative residence in the Dominican Republic then we can help.
Persons who at the time being remain permanently employed in their countries are
the group who most frequently benefits from our offer. Some buy an apartment and
rent it out to tourists for the time when they are not enjoying a vacation here themselves.
The price for apartments ranges between $60 000 and $150 000
Contact us if you consider emigration as a war precaution. We would be happy to share our experience with you on all questions the alternative place of residence. We can do the following:
- Before purchasing, visit the property and compare prices
- Make first assessment of the object and the transaction.
- Offer your property temporarily online (e.g. Airbnb).
- Manage purchased property.
- If necessary, constitute a limited liability company.
- Submit tax returns.
- Hire domestic or nursing staff.
- Assist you with administrative procedures, opening an account, shipping.
Please note that we are not brokers, do not offer properties ourselves and do not receive any brokerage commissions.
OK, some people do not have $100 000 at hand
In this case you may consider a lease-and-rent-out option.
- You would close a long term (2 - 5 years) non-cancellable rent.
- The contract will guarantee you the permission to sublease to other travellers
- Your apartment will then be offered to tourists on sites such as Airbnb.
- It will, of course, be available to you and your family at any time.
You would probably lose money on such deal, but the main purpose: a refuge for the time of crisis will be secured.
Here some realistic numbers:
For a pleasant apartment in the vacation rental class
you would pay about $400 per month + maintenance. Daily rates paid by tourists vary from
$20 to $40. Unless you are lucky think about $2000 to $4000 loss per year.
