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Sep242011

September 2011 Newsletter - Revolucion, Renovations & Relaxation

Hello from the most beautiful bay on Earth, Acapulco!

Michael Bach here.  I am the new Manager of AcaCondos and Las Torres Gemelas Private Suites and am happy to report in with my first blog entry!

DIA DE LA REVOLUCION

September 15th was Mexico's version of the 4th of July.  Or Dia de la Revolucion, as they call it here.  Acapulco is the #1 vacation spot for Mexicans and so they all flocked here for that day.  It is a wild day and night.  The streets are packed and the mood is celebratory.

After that, they all leave and we don't see them too much until Halloween... or as it is called here, the Day of the Dead... which is a nice holiday where they honor family members and friends who have passed away.

The two quietest months of the year in Acapulco are June and October... and that is why we were happy that the new owners of apartment 2503S chose to wait until October to renovate their unit.  They purchased it in the late spring but we warned them that renovating during the hectic tourist seasons of July and August is difficult... so we found a way to rent their unit for the summer, which paid for all their maintenance expenses, and we have now begun renovating their unit.

RENOVATIONS

Renovations are fun for us.  We get to tear apart an entire suite, literally down to its shell.  We then redo all the electrical and plumbing which is over two decades old... and then we begin from scratch.  The current unit looked like this a few days ago:

We give away all the furniture to people in need of furnishings and soon after, it will look like this:

And then, not much more than a few weeks later, like a butterfly, it will end up looking something like this:

By this time next month it should be nearly done and we'll have the full upgrade photos here.

RELAXATION

That is one of the best things about what we do here.  You don't have to do anything.  You buy a suite... either already fully renovated (like #2809S available for $72,500 and earning 7% per year in income AFTER expenses) or you buy an unrenovated suite (like #2909S available for $69,500 including all renovations and all new furnishings)... and you just come down and stay there whenever you want.  And when you aren't there, if you want to earn income, put it in our rental pool for our boutique hotel concept, Las Torres Gemelas Private Suites (http://LTGPS.com) and we will manage it and earn you rental income on a daily, weekly or monthly basis.  We do such a good job of managing the suites and making renters happy that it is rated #1 on Trip Advisor for Acapulco!

There simply isn't any other service like it that we know of in Mexico.  Everything is 100% turnkey.  And the units have everything to make a foreigner happy.  It has full Canadian and US HDTV satellite TV, high speed internet/wifi and top brand appliances and furnishings.  All for under $75,000!  For a studio suite on the beach in the center of Acapulco Bay!

And if you are looking for anything larger we have a double sized unit available (#2906S for $153,000) and a 2 bedroom, 2 level penthouse on the 30th floor (#3003S for $161,900).

RENT BEFORE YOU BUY

As well, if you are interested in checking out any of our suites, just send me an email to michael@acacondos.com and I'll give you a discounted rate to stay in any of our suites so you can try it staying here and see how you like it.

Those who have followed us for the last few years have noticed that the price of our units goes up over time.  That is because as we sell more units it becomes harder to find good quality units for a cheap price... so if you are thinking of buying, the sooner you buy the better.  These units should be worth 50-100% more than what we are selling them for in my opinion.  And as we sell more units the price of the remaining units will continue to increase... it's just supply and demand.

Jeff Berwick, the founder of AcaCondos, found this amazing bargain... it is surrounded on both sides by apartment buildings that start at $300,000 per condo and go into $1 million+.  He realized that all we needed to do was renovate these suites and their value would easily double... and that's what he's been doing.

Since I've worked here I've realized what a great deal they are and am actually trying to convince my parents in Denmark to buy a place.  Both as an investment and as a vacation home as they visit me each winter.

I've lived in Acapulco for ten years and love it.  And I wish AcaCondos existed when I first moved here!

Acapulco is a fun, amazing place, as this article from the Irish Times describes: Over the Edge in Acapulco.

WE HOPE TO SEE YOU THIS FALL/WINTER!

As the weather starts to turn nippy in the northern latitudes we've already begun to receive lots of interest for coming down this fall in winter and the suites we rent out are already nearly fully booked.

So, we hope to see you down here this fall/winter!  If you'd like to visit in the high season, from December to April, look to book now as those months get booked well in advance.

Salud!

Michael Bach

Manager