Is Renting in Medellin Off Airbnb Worth It?
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- Опубликовано: 7 июл 2024
- ✅ Access Affordable Medellin Rentals here : medellinmasterclass.com/rentl...
This includes 20+ vetted real estate agents, who have hundreds of properties available at local rates.
The Airbnb market in Medellin is broken. If you’ve ever been to Medellin you know this.
Properties that should be $800 are going for $2000+ monthly and it’s only getting worse.
The worst thing is that every day foreigners are paying these outrageous prices without even realizing that there’s another way…
The way to avoid falling victim to the dreaded “gringo price” is to rent through local agencies, as a local would.
I spent 90 days doing exactly this for my clients, dealing with local real estate agents to find them great deals and these are the biggest lessons I learned from the process.
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#medellin #colombia #medellincolombia #expat #digitalnomad #rentals
I always find the best deals walking around and talking to people!
Yeah - if you have the time to spend walking around and looking at signs on buildings, talking to porteros etc. then you can find some amazing deals.
Thank you for the great information.
My pleasure mate!
Yea, this was my experience. But I did run into some nice landlords. Most of the apartments were very far away from the city center. In what I thought were terrible areas. I eventually settled into a small loft-style apartment in La-America for $330 a month. It's not luxurious or spacious by any means but the location is extremely central and I manage to sleep very well in it despite neighbors who love to light fireworks at midnight. I applaud their efforts in keeping the rent low in this neighborhood. Found it through a friend of a friend.
$330 is a great price but obviously you're getting that cos La-America is not somewhere a tourist would typically stay haha Good job on the deal though!
3:30 portable ac is inefficient, they generally use significantly more electricity than window units
True - but when given no other option I guess it's better than nothing lol
✅🏠 ✅ Access Affordable Medellin Rentals here : medellinmasterclass.com/rentlocal/
This includes 20+ vetted real estate agents, who have hundreds of properties available at local rates.:
Hey AK Joel, As you know, I have an apartment in Colombia. I purchased it not a rental. My dryer is the curtain rod with the window open and the doorknob. One of the things I have found is the lack of hot water. I put in a tankless hot water heater. I do not know if the is the case in Medellin. Have a great day
Medellin has been fine for hot water, every place I've stayed has had it!
Great info! One question...some of the things you said about agents seemingly not really motivated for your business (e.g. not replying to WhatsApp messages)...did you experience that, even from the vetted agents in your list of contacts?
Glad you enjoyed the video! The way we constructed our list of contacts is that we personally contacted over 100 local agents, but only kept the best ones for the list i.e. those that are responsive, aren't scammers and offer easy rentals (no local ID or credit requirements) for foreigners. Hope that helps!
Basically my experience throughout South America. Even when people do respond, getting them to follow instructions and complete even the most basic of tasks is like pulling teeth, even when you pay them a lot of money. I have to stop short of grabbing people by the shoulders and shaking them haha. I love South America, definitely want to build a life there, and each country is unique, but this seems to be common throughout. I'm not really sure what these people do at their jobs all day honestly. There's a lot to love, but be prepared for many, many, many headaches. For me the headaches are worth it, but yeah advice in this video is pretty spot on
Regarding point 3: do you think this is just with real estate agents, or do you think it is a cultural trait in general?
My experience throughout South America (whether it was Colombia, Peru, Brazil, etc) is that, even when they do want to help you, they don't necessarily listen to or follow directions. For example in Brazil the customer is always right is definitely not a thing there, I've noticed with Brazilians, I'll ask for something and they'll go ahead and do what they think is right and basically ignore what you asked, even if it is well intentioned. It has made an ongoing legal issue I have there a huge pain. My first lawyer just took my money and ran, fucking scum. Now I have a good one who is passionate and honest, but getting her to follow directions has been extremely difficult only after months does it seem like we are on the same wavelength, but things would have happened faster if she just did simple things I asked in the first place.
The culture between Brazil and Colombia is SUPER different, but my experience living in Bogotá was kind of similar. On a personal level people can be super supportive and helpful. They live and die for their friends in Colombia (if you are looking to date in Colombia, you are almost certainly going to want to make friends first who can introduce you to someone, they all work within their friend group and don't really stray from it haha) and will go to the end of the earth for you. But the second the relationship become professional, it is like you have fallen off the face of the earth. Be prepared to be patient. Handling things in person is best, although in Colombia especially, I would say make sure the place is legitimate first. I was living there in the late 2010s and at least at that point, safety was still a huge concern, you have to watch out for scams
If somebody was interested in a 6 month lease and could pay up front, are there reliable safeguards to ensure you actually had control of the unit for that duration? I am not up to speed on what the potential rental scams there may be.
You will sign a contract stating all the terms of the deal - if you work with vetted agencies who've been around a long time you won't get scammed.
@@AKJoel Thanks brother, that is reassuring.
Regarding point 1: my take on Colombians (or really anyone) who only want to deal with people who will do something quickly: often these are people looking for desperate people so that they can make more money from them. So you don't want what they are offering unless you can do both of these
1) recognize their offer is way over-priced
2) talk them out of their exorbitant offer.
Quite often people new to a country that has much lower prices overall than where they came from will not be able to do 1) and probably at least half (or 3/4?) the people in the world do not like doing 2).
I say keep playing their games. You will learn a lot about business in general. 1 way I have avoided being overpriced was to tell them about the fictional neighbor across the street who is offering the same for less. I think you understand where I am going with this.
Do expats buy dryers or do folks all just hang dry their clothes? Silly question, but I have to consider all the little conveniences I have to expect to give up - I’m building up to putting my stuff in storage and making the big jump!
Expats have dryers, but locals usually don't. It's definitely harder to find an apartment with a dryer. But you can also just drop all your clothes off at the local laundromat and they'll wash, dry, iron and fold them all for like $5-$10.
Can you make deals where you say you will pay all 6 months in advance to secure an apartment because you don't know if you will get a longer Visa stay?
I would be wary of letting on just how much money you may have. Think of your home country. Who in their right mind has 6 months of rent to drop on an apartment. You might be able to negotiate a lower price, because obviously this is great for the landlord. But you will always be seen as a gringo with money first, even if the landlord you are dealing with is much wealthier than you, and if you flaunt it you are only going to face more price discrimination. I would recommend befriending locals (for all the scams and difficulties that come with doing business there, many Colombians are super kind and eager to help) and asking if they can help you find a place / negotiate a price. People who I met same day were willing to offer their assistance in not only searching for places online, but going with me to the places until we found something. The good Colombians are unbelievably kind and friendly and are amazing, you just have to watch out for the ones out to screw you over. I would recommend maybe offering 2 or 3 months in advance to negotiate a better price, because that is more reasonable to have in savings. Offering 6 might be counterintuitive, but I could be wrong.
Buying an apartment, we tell everyone our range is 450 million to 600 million max pesos
Cant tell you how many times they send us apartments that are 750-900 million
Also, half the apartments they list are already sold
Hahaha they are useless 😂😂