Condotel Advantage - Hassle Free Investing

Condotel Advantage - Hassle Free Investing

by Beth Collingz

A Condominium Hotel or "Condotel" combines the convenience of a residential condo with the amenities of a hotel. Unit owners in a "Condotel" may opt to join the rental pool where he signs with a professional hotel management team who will convert the project into a world class hotel / serviced apartment. A serviced apartment is run just like a hotel but guests usually stay on a long term basis.

For the tenant, this means savings since he is not charged a daily rate nor does he have to put up a security deposit like in a regular apartment.

Aside from real estate appreciation, unit owners receive a steady monthly income based on the size of their unit regardless of whether said unit was leased or not. This is because the hotel management will pool together the total income of the entire hotel and distribute this to unit owners net of any expense.

This makes the investment cost efficient and practically risk free.

Unit owners in the rental pool enjoy totally hassle-free CONDOTEL management. They need not worry about unpaid electricity bills, unpaid rent, and other problems so common in conventional leasing. All concerns, down to the payment of electricity bills and utilities are taken cared of by the professional hotel management operator. Unit owners can sit back, relax, and wait for their monthly rental income from anywhere around the world.

Safe Investment - payments held in a Bank Escrow Account... No INTEREST financing, start for as little as $500 a month... Rental Incomes of some 12-14% ROI per annum

The big picture about Condominium Hotels or "Condotels" one of the hottest products in today's Real Estate market. Imagine Hotel Style Living 365 Days a Year!

Condo-Hotels provide the resident unit owner with more facilities than regular Condominium buildings. Unit Owners in a Condotel enjoy the benefits and privileges of full Hotel Services in a Residential environment. For those planning to reside in the Condotels in Cebu or Manila, the owners & residents can utilize the services provided by the Condotel, such as the swimming pool and other recreational facilities, restaurant & bar, concierge and room service. Condo-Hotels are also the newest trend in vacation home ownership. Live in it when you're there, and rent it out when you are not. These types of projects are becoming more and more attractive for businessmen, vacation homebuyers and individual investors not only because of the superior facilities and amenities but more importantly the attention to maintenance of the buildings through the 24-Hour Condotel operations. These are not Time Share units.

As a full service Condotel, unit owners also enjoy full hotel services such as 24-hour telephone operator service, a local PABX telephone line in each unit (no need to apply for your own landline), 24 hour housekeeping service, laundry pickup service on demand, even as a resident. Unit owners in the rental pool enjoy totally hassle-free CONDOTEL management. They need not worry about unpaid electricity bills, unpaid rent, and other problems so common in conventional leasing. All concerns, down to the payment of electricity bills and utilities are taken cared of by the professional hotel management operator. Unit owners can sit back, relax, and wait for their monthly rental income from anywhere around the world.