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Properties in the Tampa Bay Area
and other specific investment information that you require.
Many other Beach Front complexes
have available units > View
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As an Investment - One of the points that makes this property
example particularly
appealing is that it is has operated for more than 40 years as a successful hotel.
Occupancy rates average over 75%.
The Rental Program - Condo hotel unit owners can typically choose to participate in
an
on-site rental program. The
rental revenue splits will vary depending on the rental plan
selected.
Appreciation - When considering an investment, it's necessary to take a
look at the real estate nearby.
Between 1998 - 2003 real estate appreciated 93% (an average of 18.6% per year), according
to The St. Petersburg Times. In 2004, property values went up 21.5%. In late
2005 and 2006 the real estate market nationwide took a downturn. Many condos
in Tampa Bay Florida were flipped or secondary loans were taken out because of the
big increase in appreciation. The market has stabilized and good bargains
are available. Waterfront and Gulf-front will always be a wise investment.
Resort Condo Hotels and complexes with property managers have a wide variety of size and configurations
of units. They are one choice for investors who don't want to rent or manage
their condo when they are not vacationing in it.
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