Buying a house or an apartment in a peaceful place like baja mexico beachfront homes for sale where you can spend some time in retirement and vacation there until you retire can be a great retirement planning strategy. Even better is when the property you buy can be rented out when you are not using it, generating cash flow to cover the associated transportation costs and perhaps even contributing to your retirement savings.
However, owning a rental in another country has its own challenges. The difference between a rewarding and income-generating experience and a major headache that results in disappointing returns is management. A rental property abroad requires two levels of management: rental management and property management. These services may be provided by the same person or organization, but sometimes require two different resources.