When buying a condo hotel you might be thinking of it only as a nice vacation property or a possibly a future home to enjoy your retirement. However, you should keep in mind that your condo can serve as a profitable investment, especially if you buy in a condo hotel setting. This fact makes it easier for many Americans and Canadians to consider the possibility of a property in Mexico.
The key to enjoying a profit from your vacation property is to have a well-organized plan of attack to balance personal vacation enjoyment, property management for vacationers, and a marketing strategy. A condo-hotel, especially one in a resort setting, makes the combination of these three factors easiest for you. Excellent examples are condos in upscale resorts.
Some features to consider which will maximize your enjoyment and facilitate your profit are:
Rental pool organization – While well laid-out regulations about how you choose your personal usage time and designate rental time can actually help to take your mind off of your property, and in the end, allow you to enjoy your property more fully, knowing that the rental side is completely taken care of. Most systems include a good deal of flexibility in balancing these two sides.
Hotel management company – This point is important, because when you are on your own vacations, this service will determine the quality of your stay. It is also the point which will build the reputation among potential clients and generate returning clients.
Marketing strategy – It’s worth investigating what rental strategy your condo hotel is using, as well as historic occupancy rates. Knowing this ahead of time will let you know what you can expect in terms of rental income. Some companies offer a guaranteed return. It is also good to consider the services offered in the hotel or resort where you’re buying; if you have a family, for example, you may want a kids club or play area. For the side of profit, consider how the services compare to current market trends in the area.
Learn more about condo hotels. Click here for, Condo vs Condo Hotels-Part 3: Full Title Ownership.
 If you´d like more information about condo-hotels that are available for purchase in Mexico then we invite you to visit our web site. Or please feel free to contact any of our Top Mexico Buyers’ Representatives  and we will be glad to help you.
And remember, here at Top Mexico Real Estate…
We Make It Happen!
