Vallarta Property Rentals & Taxes

FROM MLS VALLARTA & NAYARIT

Many people who decide to buy real estate in the Costa Vallarta region do so with the intent to rent out their property when they are not using it. There are a number of options to do so, ranging from taking care of it yourself or having a rental company do so for you. Doing it on your own can be demanding, especially if you aren’t in town to ensure the property is ready for the rental, provide access to the people who will be renting, and take care of any repairs or maintenance that need to be done before or during a rental. Having a property-rental management company takes away a lot of the headaches as they can do this all for you. They can also assist with the proper filing of any revenues you may generate with the local tax authority (SAT).

BY DAVID CONNELL & JOHN YOUDEN


Immigration Law Reform

GENERAL OUTLINE OF THE NEW IMMIGRATION LAW OF MEXICO

 

In May of 2011 Mexico’s Immigration law was reformed. Some of the reform entered into effect immediately while other parts did not enter into effect until the corresponding Rules to the Law were published, which did not happen until the 28th of September 2012.

By DAVID W. CONNELL


 

 

Mexico’s beaches (federal martime zone)

Mexico’s beaches (federal martime zone)

Mexico’s beaches are known as the “Federal Maritime Zone”. If you are thinking of buying property on the beach in Mexico, it is a good idea to understand what the Federal Maritime Zone is. This article will explain what the Federal Maritime Zone is, how it is measured and also go over some of the current legal and practical issues that are present today.

By DAVID W. CONNELL


 

Can I Buy Ejido Land?

A very large part of Mexican real estate is classified as ejido land. Ejido land is not private property and cannot be bought and sold as if it were. However, since the constitutional reforms of 1992 ejido land now can be converted into private property and sold to third parties, including foreigners.

Taking Control of Trust Fees

The procedure for purchasing property in Mexico is very foreign to what most Americans and Canadians are used to. People who are not familiar with a real estate transaction in Mexico usually try and stay on top of what is going on so that their purchase does not become one of the many horror stories they have heard of.

Mexico Dreaming

Back in 1996, Huey Rodeheaver of St. Louis, Missouri , bumped north from the Mexican resort town of Ixtapa in a rented jeep, searching for “pretty beachfront.” He was preparing to sell his telecommunications company for a tidy sum, and wanted a second home to retire to. Puerto Vallarta was too big; Cancún, too young.

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