Renting in Mexico is very different from renting in the U.S. and other countries. Mexico has many unique and contractual nuances that need to be carefully examined. It’s no surprise, you’ll find distinct differences between American owners and local owners; both of which have challenges and similarities. Therefore, knowing specific details helps you make informed decisions. Without futher ado, here are my Long Term Rentals in Mérida Mexico (11 Tips You Wish You Knew Sooner).
The simple truth is you’ll find valuable information from people who already live in Mérida. Actually, the plethora of comments, recommendations, and discussions around neighborhoods, rentals, and buying houses can help you narrow down or eliminate areas that may not be right for you.
Now, a gentle warning…
There are postings by landlords, property managers, owners, and, yes, scammers. I urge you to conduct your due diligence on any and all of the properties posted. Remember, it’s the Wild, Wild, Wild West where ANYTHING goes. Don’t get duped or scammed. This is why I also recommend hiring a trusted professional.
One very important item to consider, if you do find a property in one of these groups, vet the owner, the property, and the information provided.
Local Tip: I have my own group here and would love for you to come to join. Just be sure to answer 2 of the 3 questions and agree to the group rules for membership approval.
Because there is no MLS (Multiple Listing Sytem) in Mérida, many properties are entered online. You’ll find the same property listed by multiple people. You’ll also find:
Local Tip: Never, ever give money upfront. Visit the property, meet the owner or agent. Do your research and collect in-depth facts and particulars.
First of all, it takes time to get accustomed to a new city. Many expats advise renting for a short term such as 3 months to 6 months. Of course, this makes sense. Making a decision based on emotions vs. practical necessities may cause you stress and anxiety. Be patient when deciding where you want to live. Additionally, spend some time in a variety of houses and different neighborhoods.
Fortunately, numerous online platforms exist to assist you with a short term rental. For example, sites such as Airbnb and VRBO are popular in Mérida.
Local Tip: I recommend renting for at least one year before you decide on the type of house and neighborhood. This helps you find the best fit.
For long term rentals in Mérida Mexico, I recommend making a list of needs, wants, and deal breakers. Notably, a short term rental helps you, especially in a tropical location. For example, you may think a pool is a want. But, once you spend a scorching summer in Mérida, a pool becomes a need. Subsequently, a washing machine may be compromised because there is a lavanderia around the corner.
In truth, whether renting or buying, emotions become involved. Think back to the real estate decisions you’ve made in the past. How many times did you make a choice based on emotions? Let’s face it, real estate is an emotionally driven industry.
Local Tip: Keep your needs, wants, and deal breakers list in a spiral during your short term rental research. Make notes, jot down thoughts, and keep it handy as a reference point.
Renting in a few different neighborhoods helps you discover different parts of the city. Subsequently, renting for a short amount of time means the risk is relatively low. Now, you the opportunity to learn the area, speak to other people, and educate yourself before a long term committment.
Important considerations:
Local Tip: If you find that a neighborhood is not right for you, no worries. You can easily and frequently change your location until you find your comfort zone.
Pay attention to this next part –
Undoubtedly, what we know as customary in the U.S. can get lost in translation in Mexico. Yes, Mérida is a sophisticated and popular destination. However, cultural differences exist in customer service, common sense, and other important areas.
Without a doubt, when unfamiliar with the culture, short term stays are recommended. This helps you learn the nuances of cultural differences and how best to adapt.
In any case, there are people who are intent on creating and maintaining a high level of communication, service, and best practices. Others who just get by with as little as possible. Regardless, it is important to be comfortable with the owner, landlord, or management company you are renting from. Futhermore, others can be inconsitent: a great service provider who, after a few weeks or months, suddenly does not return calls or show up to work.
Local Tip: Getting used to how things work in Mérida, including understanding cultural differences is a big benefit. It also helps determine what type of owner, landlord, or management company you might be willing to rent from.
Did you know I had a long history in real estate in Texas? I was a licensed Realtor in Dallas for many years. Additionally, I also sold golf course lots for the Bahia Principe development in the Riviera Maya. So, I know a thing or two about real estate. My definition of real estate in Mexico is that it is the Wild, Wild, Wild West. Yes, that’s right. Anyone and everyone sells real estate, licensed or not.
Therefore, it’s critical to hire someone with outstanding credentials and references. I placed my trust in Claudia Escalante with Mayakin Master Broker for her professionalism, high level of communication, and knowledge. As an added bonus, she is fluent in English which helps tremendously. You can contact her here: WhatsApp +52 999.159.8179 or via Email: claudiaesca.mayakin@gmail.com
Keep in mind, the rental contract must be in Spanish to be valid. At your request, for an additional fee, the contract can be translated into English. Not only will this help to understand the details, it will also provide peace of mind. It’s imperative to be aware of all nuances, differences, terms and agreements.
Local Tip: When in doubt, defer to the trusted professional you’ve engaged to assist you. They are the only ones to properly explain contract terms. Obviously, this is the most important part of the process.
Typically, in the U.S., a renter provides important information when filling out a rental application. Background checks, references, prior rental history, credit reports, and verification of income are all critical components of ensuring a renter is qualified. But, in Mérida, owners, landlords, and property managers don’t ask for these things. Additionally, commissions for real estate professionals are normally paid from one month’s rent. Again, in Mérida, this is not the case.
While there are some exceptions, review the following list outlining deposits and professional fees required for a long term rental.
Deposit: one month’s rent.
Guarantee: known as an aval. An aval can be one of two things: 1) a local property owned by the renter that can be used as collateral OR 2) a third party guarantor that will co-sign or allow their property to be used as collateral.
If no aval: then another deposit is required.
Contract fee: this fee is for the notary and/or attorney to draft the contract. There are no standard contracts in Mérida.
Local Tip: Remember, renting to a foreigner can be risky for locals. Put yourself in their position and ask what would make you comfortable if renting to a foreigner. Therefore, a double deposit provides peace of mind in the event issues are found once a renter vacates the property. Issues include outstanding utility bills such as electricity, gas, water, trash, and internet services.
When you decide on a neighborhood for potential long term rentals in Mérida Mexico, spend time in the area. Visit frequently and often to look around the area. Drive through during the day, walk around at night, chat with neighbors. My point is do whatever you need to do to ensure you know as much as you can. Streets change dramatically from one block to the next in all directions.
It’s normal to want to feel settled as soon as possible. But, be patient and take your time. Clearly, if your gut is telling you to wait, then trust your gut. You’ll find the right place in the right location at the right time.
Local Tip: More stress occurs from making quick decisions without having all the pertinent information at hand and not doing investigative research about your chosen neighborhood.
Just as the owner may require qualifying information from you, you unquestionably have the right to ask for information as well. When I was ready to rent, I identified owners I was willing to rent from and those that I wasn’t. Dealing with the owner, landlord, or property manager should be a pleasant experience. Importantly, I want you to have a pleasant experience too.
If they have a Facebook or other social media account, do some research on them. What are they posting? How do they comment? Are they respectful? Combative? Negative? Professional? By now, you know social media is a powerful vetting tool. Pay attention to how they interact with others to gain more information.
Local Tip: First impressions count both ways. It is just as important for you to like the owner as for the owner to like you.
Local Tip: Regardless of what you hear, contract terms are negotiable. Start with a formal contract, review it, then obtain professional advice on items that need clarification, negotiation, or alteration.
Another important piece of advice includes protecting yourself by photographing everything in the home, including furnishings, kitchen items, and accessories when you move in. If there is anything broken, in disrepair or missing (such as a plate in an eight-piece place setting), notate the details, and send it to the owner within 72 hours of moving in. This way, you provide proof of the condition of the contents and the property upon move-in.
Additionally, with property photos, inventory, and documentation, this exhibits your conscientious care of the property and the belongings associated with the rental. More importantly, this protects you after move-out to determine any damage to the property or missing items.
Local Tip: When renting an unfurnished property, you may wonder about renter’s insurance for any damage to your possessions. Notably, renter’s insurance is NOT a thing in Mérida. Therefore, take special care with your personal items and valuables.
In short, it is customary for some utilities to remain in the name of the owner such as electricty, water, and trash. While others such as internet may be in your name. Ask the owner about how and when to pay utility payments and service providers such as pool maintenance or house cleaning.
Standard utilities and services include:
Local Tip: Negotiate these items in your contract. Be clear about who is responsible for paying, how to pay, and any recourse if they are not paid. Ideally, you want every single item specified, outlined, and detailed.
Local Tip: Have all your questions answered regarding these important areas before you sign the contract.
Equipped with this information, you now have a great foundation to begin searching for YOUR Mérida Mexico long term rental.
From personal experience, here are a few final thoughts, advice, and things to consider:
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