The Skinny on Condo Hotels
Joel Greene offers sensible advice on Hospitality Net. "While it's true that one of the key benefits of owning a condo hotel unit versus a traditional condo or vacation home is that you'll receive some rent revenue... cash flow should not be the main reason to buy. To set realistic expectations, think of the revenue generated by your... unit in the rental program as helping to offset your costs."
He also urges buying in the "pre-construction to maximize appreciation potential."
Labels: second homes