Miami Condo Hotels For Sale
Miami Condo Hotels For Rent
Condo Hotel Residences offer the ability for owners to generate income with thier property while they’re not using it. They are typically operated by well known luxury hotel brands and are usually located in popular vacation destinations, such as Miami Beach, Sunny Isles Beach and Downtown Miami.
Owners have the option to place their Miami condos in the hotel’s rental program to earn a revenue while they’re away. The units are put the unit in the hotel inventory and the owner splits the rental proceeds with the hotel management company. The most common split is 50/50, although some hotel management companies do give owners a larger share.
The revenue generated helps to offset some of the expenses and may possibly generate some returns. Orignally designed for investors looking for a tax shelter, condo hotels were first developed in Miami Beach more than 60 years ago. Today condo hotels are gaining more popularity and can be found througout the world, including Aspen and Mexico.
There are many benefits of owning a luxury condo hotel in Miami, including owning a vacation property that is professionally managed and can provide rental income. However, there are also disadvatanges to owning a condo hotel versus a typical condominium. As a general rule of thumb, the mainenance fees are higher and sometimes there are additional property management fees.
FAQ’s
Have questions? Need advice?
We're experts in the South Florida Luxury Real Estate market and are available to help you with anything you need. Whether you’re interested in buying, renting or selling a home or condo, we're available to you 24/7.
Give us a call +1 (305) 695-8257 or email hello@joshsteinrealtor.com
Josh Stein
Global Luxury Realty
+1 (305) 695-8257
JOSH STEIN REALTOR
Global Luxury Realty, LLC
1688 Meridian Ave
Suite 700
MIami Beach, FL 33139
+1 (305) 695-8257
Email Us
© Copyright 2024 Buzz Real Estate Leads, LLC | All rights reserved. | +1 (305) 695-8257 | Terms and Conditions | Privacy