Now, instead of working with a resort that was giving me 25% occupancy and pocketing half the rent, I was maintaining 85% occupancy and keeping all the profits.No matter what age you are or where in the world your dream takes you, you too can make your dream vacation rental a success.
Tired of the risks and weary of working for someone else, Craig dreamed of opening his own beach bar. "I was sick of jumping out of bed each day to an alarm clock and fighting the crazy traffic. And each year, when the weather began to turn in the fall, I found myself wishing for the warmth of a tropical climate," Craig says...
Moving abroad is a great way to make a fixed income go as far as possible. When you’re living someplace where the weather is warm... utilities are cheap... taxes are low... and medical care is affordable... you can transform a pension or Social Security payment (that in the States would be barely enough to scrape by on) into a comfortable monthly income with cash to spare.
For Janice and John-Marc Gallagher (ages 52 and 58) the opportunity was too good to pass up. They had moved to Granada, Nicaragua, in 2003 after spending almost seven years in Costa Rica. "We had fallen in love with Granada many years before," Janice says. "So we moved there after we sold our business in Tamarindo." And then life took a turn.
Once you’re in a new place, entrepreneurial expats report, it’s not hard to spot niches or gaps in the market that you’re perfectly suited to fill. You may end up making money in a way you’d never have predicted back home. To prove that point, we’ve collected the stories below from expats abroad who happily fund “the good life” through ventures they discovered—or created—overseas.
Scott Dinsmore, 47, and David Russell, 52, keep busy running their Spanish colonial-style boutique hotel, El Castillo, on Costa Rica's southern Pacific coast. It sits 600 feet above the beach in the jungle-clad mountains that rise sharply from the deep blue waters. But they never forget to enjoy the natural beauty of their adopted home...
You wake up early for work. But you’re not slapping at the alarm clock in disgust, then rushing out the door for a long commute. You want to get up...you’re looking forward to the day. You get to enjoy that first cup of coffee as the rising sun makes the Pacific glitter...watch wildlife—toucans, parrots, even monkeys—make their morning rounds in the trees...and bask in praise from departing guests...
When Cliff Wilson Jr. discovered that his parents were leaving San Francisco to move to Belize and set up a sailing business, he had just one reaction: "Can I come too?" At the time he was working as director of a ski resort in Tahoe, but the sparkling waters of the Caribbean were impossible to resist.
"It's tough to find a place in the world with a better climate than here." You'll hear that from nearly every expat that lives in Mexico's tranquil Lake Chapala region. Restaurant owner Trip Wilmot is no different.
Over the last decade, there's been a revolution in the beer industry. Beer drinkers have increasingly sought out alternatives to mainstream lager beers, and embraced small-batch craft beers—flavorful brews inspired by Old World recipes and experimentation with ingredients.