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Airbnb Guests – A Captive Audience for Additional Revenue

Renting your Mexican property out privately or through platforms such as Airbnb can provide a significant income, plus you have the opportunity to increase your revenue by providing additional services to your guests. Your guests are a captive audience who are usually looking for many of these services; you may as well be the one to provide them. Your guests will be impressed, which also means positive reviews and return visits. If you live in the area you have probably made some great contacts who can assist you with these services; it may be time to network to put these ideas...

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Improved Labor Laws for Domestic Employees in Mexico

One of the luxuries of living in Mexico is being able to afford to hire a housekeeper, nanny, or a gardener. Domestic workers typically have a casual agreement with their employer and are often paid in cash without benefits. If you employ domestic workers, you should be aware of the recent changes to labor laws for these workers. Although this will take time to make a difference in people's lives, laws are changing to improve the work life of domestic employees and underage children. Mexican Congress voted unanimously to expand the labor rights for domestic workers.  The new labor reform...

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A Complete Home Inventory is Key to Proving Loss

Buying the appropriate home insurance policy is critical to protecting your possessions and making sure you will be able to replace them, but what is the best way to prove your material loss to the insurance company? When you file a claim for damage or loss, the insurance company will require proof of any loss you have suffered. If you experience loss whether through a robbery, fire or water damages to your home you will not be in the best state of mind to remember every item you owned, ease stress, and ensure you recoup your losses by being proactive. Document...

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5 Points to Consider Before Investing in a Mexican Development

Purchasing a condominium in Mexico is an exciting venture, and there are plenty of new buildings on the market. Before handing over your money consider these 5 points and as always we remind our readers to hire a lawyer licensed in Mexico to review the sales agreement and carry out due diligence on the property. Can you trust the developer? What is the business model and are their other projects successful? Check out the developer's reputation and experience before you invest. Does the property have a business model that guarantees long-term appreciation? Who is the administrator and what is their...

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Are you up for the Challenge of Expat Life?

Expat life is an enriching experience, discovering a new country and becoming part of a new community. Many of us dream of running away from our current situation, living a less stressful life, moving to a warm climate and enjoying a lower cost of living. Of course, there are challenges to changing your life, but they say change is good. Do you have the personality traits it takes to enjoy expat life in Mexico? 4 Personality traits of an expat in Mexico Open Minded - Be ready to accept new cultures and not expect things to be the way they are...

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Mexico’s Federal Zone Concession and Beach Use

The Federal Maritime Terrestrial Zone is the strip of twenty meters wide of the mainland, walkable and contiguous to the beach. The Federal Zone comprises Federal Maritime Terrestrial Zone (ZOFEMAT), and Reclaimed Land (terrenos ganados al mar), land gained from the sea. Both Zofemat and Reclaimed Land are part of the Federal Zone belonging to the Mexican nation and administered through SEMARNAT (Secretaria del Medio Ambiente y Recursos Naturales). The Federal Zone not only pertains to beaches but also borders of rivers, lakes, highways, and lagoons. Buying beachfront property does not mean you own the beach nor can you restrict people from swimming or...

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Expats Have Access To Healthcare in Mexico on 3 Levels

Relocating to another country entails a lot of consideration and planning, one of the most important factors is your health. You need to feel confident you will receive quality medical care before settling into a new country. Fortunately, Mexico has a few options for excellent and affordable healthcare. Seguro Popular is Mexico's nationwide health care program, and this medical insurance covers all residences of Mexico, it is meant to ensure everyone has access to medical care even if their employer or private insurance does not cover them. This insurance is only valid at the General Hospital. It has a low annual fee,...

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Loneliness and the Single Expat

Many unattached foreigners move to Mexico to start their life over. It may seem scary to relocate to another country alone, and at times you will feel out of your element and isolated without the security of friends and family, familiar surroundings and routine, it can be a challenge to get comfortable in your new life. You will be dealing with many changes living in another country including culture shock, language, alienation and it may cause you to feel lonely and doubt whether you made the right decision. Sometimes it can be compared to being the new kid in class...

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Top 8 Reasons Foreigners Purchasing Real Estate in Mexico Hire a Lawyer

Red Tape There are several procedures to complete, information to verify, and the process may be intimidating if you do not speak Spanish or have the proper representation. Your lawyer will deal with the various government agencies so you can avoid all the red tape, including, obtain the current cadastral (property survey) and submit the permit to the Mexican Ministry of Foreign Affairs. Coordinate the parties involved in the transaction, make arrangements with the banks, notary, and the seller. Only in Your Best Interest The notario is an experienced lawyer licensed by the Federal Government and the State, but the notario is...

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Quick Facts About Investing in Mexican Real Estate Through an IRA

Did you know you can increase returns on your pension savings by purchasing Mexican real estate through a self-directed IRA? The majority of us invest our pension automatically and do not pay attention to the rate of return that the plan is generating. With this alternative investment, you can take control of your retirement. U.S. citizens can increase returns on their investments by making the right choices and reduce fees and administrative costs payable to brokers and advisors. The IRS allows foreign real estate as an alternative investment; provided you follow the rules set out by the IRS, it is essential...

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