Real Estate in Playa del Carmen
hello and welcome to the Playa Del Carmen Now podcast now our YouTube audience now that we're doing video Happy for that show today's topic is real estate in Playa del Carmen and we have our current Superstar Carolyn proust and upcoming Superstar Eduardo Gil
thank you honey so before we get into real estate in Playa del Carmen let's find out who our guests are well I'm Ken Schmidt cof condo hotels Playa Del Carmen in my sidekick it's Javier resendiz resending everywhere everywhere my sentence like that one OK Caroline hi Caroline how are you I'm good I'm good
where you from I'm actually from friends but I'm also citizen of the world so I've been here since 2006 so I'm Mexican now almost Mexican by she knows a little more Spanish
and I'm sitting next to his Eduardo Eduardo where are you from I was born in the state of Nigeria which is close to Puerto Vallarta right now if you guys were meeting with that the West Coast Pacific coast and I've been hearing player for 13 years 13 years certain while we got a lot of years here you would think all of us know when is my next goal. Not friends and family coming to town
how you don't have your own your uniform on what do you do with them usually I like to go to I watch it is one of my favorite restaurants love them like the figuring out figuring out exactly I have my Evite VIP table
and what else I not many places in Playa Carmen usually places after the highway like one that they just tried it's cold enough for a place did you go to Vinita castiglia amount for you this is one of my Eduardo when your friends come to town and take him to Fifth Avenue take him to some of the the South are outside playing with Carmen and for the most part of the mostly you don't get in the car driving out to you know the little pueblitos in
do you know Mary. Are you taking about a fly over your way yeah make it to you from playing when you go and drive all the way over there though you get to experience more enjoyable local you know food and you know stuff. You normally wouldn't get here in Playa de Carmen it like going to the states and just get in Las Vegas don't do no more either of course and then there is there is if I was a restaurant that that special spot you take your friend definitely you know for breakfast I love a mate it's been it's been ever since they opened and well prior I used
you are a good friend I'm at this on your list yeah you on the list of Miami go to the Golden Triangle which used to be my favorite episode and so far every single person on the show has named a different restaurant every single person and it's like it's like the go to breakfast place in Playa del Carmen there's two or three go to I mean there's there's probably changa and then there's a monster in Chesaning
and a new hobby didn't know did you do anything new know that's the same question need to the other place. I'm surprised that you mention I can leave some place from the other side of the Earth from the other side of the of the good points of Yukon gear may not matter if they don't even have an open-door do you have to knock on the door to get in it's like a house so you don't know what is a move on to the topic of real estate in Playa del Carmen like I said we have we have Caroline here who's been the longtime Superstar of condo hotels by L'A Carmen
other projects she's got a 14 million dollar sale under her belt sure I have me I need to make some business right now thank you yes you did do is sell and then again course she's cheese training Eduardo in this whole process well because at Airlines moving on in the world are going on is good pasture
so our guys explain a day in the life as real estate in Playa del Carmen what's the day in a life what would wake up in the morning got the coffee and then what 12 it is you really wake up when I want but it's early anyway now I have a child's phone until 6:30 and I thank you very much and I know how long it's been a year-and-a-half now so I just woke up and my Facebook and my emails and my WhatsApp so being a realtor Liz writing all the time being connected bed outside in the supermarket you're always connected with clients
so you just makes your day and tell you I want to list my condo or one with my house or I list my my property with you and they give you the price the price they're looking for that fight well usually to try to make a good place value with the market but we stopped from a number that I believe it's the markets for them and something that it's possible to sell you know so we just try to go in the middle between what they want and what I want perfect I love it and I duardo
well my day I actually have two combined my current activity activity working at the reservation department and the same time I'm doing the training go working with Caroline all right so my everyday you know as a realtor the rides start earlier because I have to be here at 8 a.m. and then like she say then you have to come by and you know all sources of communication do you have plus I still have to run my my my regular shift now and in between though I come by and you know it at this point. Any leads that I get that was actually working together or sharing at this particular place and like I said you know like to actually like she mentioned. It's about just being in constant communication though for I guess whatever needs that out there though
time to get this other person in the client you're basically a slave to the client you got to take care of them at once. What do you make a deal deaths yes I'm sure that's part of the deal is a minute somebody contact you you have to be quickly available available for them for all their questions concerns is that a shame for this kind of business you need to have a background in your mind while you are dealing with a specific topics I mean to from breaking the ice let's say two leading the the sale for the personal I mean they need to know a lot of all they want to know a lot of things from my account right now place
you know what it I guess it's comes from the actual owner that I mean the owner trying to sell or making a relationship with a realtor to try to sell their condo though they already know because the bank here they own property here though when you're dealing with the client or a potential buyer though it's different because you know they probably don't even know this place and then yet you have to make them aware of you know
what is Playa Del Carmen and what is you know real stay about here though and I was it you have to you know like you don't make friends with them again cuz you have to know their needs what they really want obviously you have to find out you know their budget because that's that's that's that's what I wanted to say one of the things as people come to Mexico and tell me if I'm right or wrong here he will come to Mexico and in the things are
cheaper here for the for the most part cheaper then then then like the states and for the states. Let's just say this dates and things are cheaper here is cheaper here alcohol is cheaper here and then when it comes to real estate that's not the case to a hundred fifty thousand dollars breaking my heart right now you're going to have to
are there and it's difficult sometimes to make them in the understand that's also correct correct way more way way more than I do and that she sold a good number of condos from the condo hotels of the side from over things that's amazing thing and I came right now you have a specialized Knowledge from specific this month arrows that you arrived back on in 2004 how long you been 2007 IDI stop to count nouns
how to spell at least for a while yet since he's already she's already hinted that she's going to leave us your building down and pulling them or something like that or I am building my own house not too far no no never made me lose track there for a second
so tell me some of the things that people should know when they're buying and follow Carmen because there's a
one fun fact is all the prices are listed in dollars in most cases but what you're you're you're technically buying in pesos for the contractors in Payson let's make it the simple when you are foreigners are you need to know about the one thing about the burn trust so it's cool here Friday so so when you buy it on the border or on the coast any foreigners needs to go through that so it's the the attorney that takes care of all during the process now what you need to know so it's on your property did it will be declared in pesos so whatever happened with the pesos between dollar and the exchange rate with this could have faked you or be very good for the future so for example Harvey just cuz I know you're looking at me with those question what does it matter what does it matter and it matters this way so if you buy a house it was just a simple numbers hundred thousand dollars
right and right now with the exchange rate it lets say 19 it's a hundred and ninety thousand pesos even hotter even know you got the 1.9 million pesos yeah and then
if you sell it if you sell it for a hundred the same hundred thousand dollars 10 years from now in the exchange rate is 30 okay
it's now three million pesos
you made a million pesos in 10 years in 10 years and your tags. Connected to your not listening
City English so we're safe
so explain that to go ahead and an elaborate on that whole tax issue Eduardo you want to tackle that one in maybe 2010 it was a 10 pesos are $100 000 was a million pesos today the hundred thousand dollars 120 that I want to resell my apartment will be for a million nine hundred thousand allow us all to me don't want one something like that right so officially of the Mexico I made a million pesos value value but
I did not I make maybe $10 000 but I will pay 30% on the place value of a million it's huge tricky this is just about paperwork let's say it did the paperwork that needs doing that value that they had and they agree to that is not having so much value in the valley apartment soon you'll know you'll see it so that's a couple of the issues when you go to purchase and I learn this can I purchase my condo is you have to work with an attorney you have to work when you're dealing with a notary
and for you Gringos out there train going here notary in the states is way different than a notary in Mexico
so the notary the notary in the states is not some person that just happens to have a notary stamp like I used to have a notary stamp I used to be a notary and I used to be able to notarize and it was just a simple of me signing my name and I had my little seal that I did and I charged a few boxes do they charge a fee
well it said additional smallest like 5% on the purchase declared is there really child maybe forty forty thousand pesos for themselves maybe $2 000 but they charge 5% and I know if I don't make a mistake in United States it's much lower like 2% correct yeah so and it's it's it's a weird thing
closings due so you know take time the government specially right now with covid after cold as a government took forever and yeah makes forever the workmen there is never being fast and sense covid I mean it's been a learning process. Are you still there I think there's some guy standing at the door. They're going to resend your nothing at this time
okay so alright so we got notaries involved and we got the the trust fees that you pay annually for owning a property so they're used to say that you is a gringo you never really owned the property of the trust that you owned it for a certain amount of time is that dude just a
I believe
no 50 Lance don't wait years just resell it don't run you in 50 years just just just don't trust I want to find out exactly I'm in my 50s so if I turn off and they're going to take me to properly throw away for a bit scary but but it happened okay so let's see what other things do we need to know about real estate every year they have taxes the the good thing here is the property taxes in Mexico or are nowhere near that the property taxes in the states
my property in Florida o'my my property in Florida compared to my property here is Denny's I spend more on a bottle of tequila that I do for my property taxes in Monroe
what and what about Francis is really expensive here what type of nothing nothing. Bertha the other benefits that we are talking about to be related in some more near to Mexico right this is the owner of property to have a place
and it it did it go this is related that you were saying cannot first like because he made they might think that is cheaper but at the end what happened to her it's you just got to prepare yourself for you you prepare yourself it's again you're moving to Paradise let's say I mean there's a lot of great benefits of living here and what about the blood test now but that's also imply there is different prices and different programs are you want to leave there is get her Aid house is also very good prices and people have families and they don't want to live on 5th Avenue and the people that move in Playa de looking for that they don't want to invest in the center of the do the Ryan that we have the gas we have is the people that want to invest in some income with it so there is two ways to sell in plier
people that were raised by in the United States that they want to come here and they going to the the first thing that can mention do everything is cheaper in Mexico serve those who already retired the United States. They decided just to purchase here though because they're going to make a decent living after although and there are other buyers that you know as telling mentioned about the ones that are doing investment know that they're probably you know young people or you know in their mid-thirties or whatever though. They're just you know here for chest and that is when we actually come to place the Wii the property management also do make them run or make them you know income for for that investment right now as far as condo tells us exactly what they do I'll do Caroline does do some residential LLC purchased her own residential sandwiches happened to be right around the corner from my house
and until she sold a bunch of residential and I as I mentioned at the beginning of the show she sold a commercial lot for 14 was it 14 million 15 sorry sorry I can disconnect she was involved in a 15 million dollar sale she put that together and Bravo that was the most amazing thing she did that was that's a big star to have learned I might be all right so it's in the case with that you'll be working with Eduardo in future to buy an investment with condo-hotel a good number of our condo hotels Properties or condos are for sale and they can be found at go ahead Eduardo tell us the website where they could find the listings
icon. Tells no no no wrong side of the website to do you know of the Congo Hotel side and the real estate site so I can give us the real estate site we all know what the condo hotels website is let's go ahead real estate
play the Carmen Realty Playa Del Carmen R e.com that's easy to remember this one okay
and there was a great time with you and I'm actually learning a lot of how because I'm not right now in the point to to get an ocean view property but obviously I'm related to quit the myth about the one that you mentioned that leaving here the other kind of property right birthday people that is interested in this kind of properties that from play condo hotels and all of that is well this building. Our investment investments in their rented while they're not in use and they make income restriction also to come just block your date in the calendar when it's available is not a lot of days but
it's not just the owners it's Alpha but the families that could actually use the condo correct so what other last thing should we know about real estate in Playa del Carmen so we we've identified that there's to be the investment sale in the net is Lorenzo's residential sale where you're going to live here
we talked about the sale and all that I mean you all you need to figure out the mall in Tracy that you're going to have to pay some some buildings are more expensive than others because either there is a pole on many pools are there cuz you already take care of it otherwise they don't look good so that the HOA fees much less correct the update of the building is all directly related to the HOA fees typically and we just had a podcast about HOA Administration and we talked about all the different fees for the pools of elevator the jacuzzis and all that kind of stuff building with definitely has the highest in to say how is the percentage related here like I don't know why 5 then let 2015
but the question yeah what's up I want to know how how much is a 350 ml many factors in a building how many how many condos are in the building how big is the pool how big's a Jacuzzi you know the operation is a lot more expensive because taken care of a building next to the ocean is way way harder than a regular thing special keeping the paint on it and all that stuff. Okay that was a great great thing that I missed it HOA fees
so let's talk about the promotion that we do for every episode in today's promotion will be now this promotion is going to be exclusive to doing a site inspection so you you you're interested in purchasing an investment condo from condo hotels or Playa Del Carmen R e.com
that's so funny I'm sorry. Okay
you go ahead and book that reservation and coordinate your site inspection with either Carolina Eduardo and you will get 50% off if you're still a 50% 50 beef to buy land for the Christmas in the New Year's and I'm going to do in site inspection in between that time on there's all the way
so
it's 50% off
no it was just wondering how many nights is up to seven nights seven night up to seven nights in and do your site inspection and Eduardo or Caroline will take care of you tonight 50% off Caroline Eduardo thank you so much for being on the show and take care of the Apple why did you move from France
all right guys thank you very much have a great day and YouTube see you soon
