A retirement home overseas can be much more affordable if you rent it out when you’re not using it. If you don’t plan to be in residence for the entire year, being able to rent your house or apartment to holiday-goers can help cover the costs of owning and maintaining the property. It could even provide cash flow to supplement your retirement nest egg.But finding renters can be a challenge in seasonal retirement spots. In a locale where some times of the year are much more appealing than others, you’ll want to take advantage of the nicest seasons, but those are also the times when you would have the easiest time finding renters.
In places where local services, amenities and shops shut down for part of each year, this can be an even greater conflict. You’ll be tempted to take off traveling, perhaps for a return trip home to visit with your family during the off-season weeks or months, but these are the months when you’ll have the toughest time renting out your property.