As an investor, you’re surely always looking for ways to maximize the return on your investment. For this, we want to share with you a trend that’s been gaining popularity lately— investing in lock-off properties.
Lock-offs are units within a property that can be rented separately, offering the owner flexibility and the potential for higher income through it. And, as the name gives away, they can be isolated from the rest of the area, allowing the owner to be on the property at the same time and enjoy a completely independent space.
If you're thinking of investing in real estate, consider a lock-off property! With proper planning and administration, it can be a very smart decision that will allow you to get the most out of your investment, both in profits and in lifestyle; in addition to generating income by renting the isolated unit, you’ll be able to continue enjoying the property yourself (as well as the location of where you decided to invest in).
How Does a Lock-Off System Work?
This type of property usually comprises several units within the same building (like condos that may have two or more living spaces). They’re often separated by a door or hallway, creating the divide needed to classify it as a lock-off.
Normally, these independent units are similar and each one has the necessary equipment to function properly on its own, without the need to go to another. It’s common for the main unit to have more features and details, but that doesn’t take away the independence of the others.
Benefits of Having a Lock-Off Property
Lock-off properties offer a unique and exclusive benefit to owners: the possibility of generating income with short-term rentals while still enjoying the property as a residence (either temporary or permanent).
Additionally, you can do all of this with your lock-off:
- Rent the entire property.
- Rent each unit separately, receiving several incomes at the same time for the same property.
- Live in one unit and rent the other(s) to separate parties.
- Use the entire property to your liking and rent it when not in use.
If, in addition, your lock-off is in a destination with a high demand for accommodation, you can practically guarantee that you’ll have a lucrative vacation rental business.
Invest in an Exclusive Lock-Off Property in the Best Destinations in Mexico!
If you’ve become interested in investing in a lock-off property, you’ve come to the right place.
At Tao Mexico, we’re specialists in luxury properties and have lock-off apartments that you can get the absolute most out of. The best thing is that our real estate developments are located in the main beach destinations in Mexico, such as Tulum, Playa del Carmen, and Akumal in the Riviera Maya, as well as Puerto Vallarta and Los Cabos, so the added value of your property and the return of investment that you can receive with it are quite high!
Nowadays, real estate investments are not only about the business, but also about enjoying the lifestyle that the destination offers. At Tao Mexico destinations you can have the exclusivity and luxury you’re looking for, while surrounded by nature and endless activities and experiences to enjoy all year round.
Contact us today! We would love to meet you and talk to you about the lock-off properties that we currently have available.