Updated about 5 years ago on . Most recent reply
Condotels in Las Vegas
Does anyone have any information/experience on the condotel market of the high rises in Las Vegas (the Strip)? Someone was telling me that some HOA's take up to 50% of the rent collected as they would manage the units for you. What other information ought one have or resource to get more information about this? Or should know if one is exploring investing in high rise units?
Most Popular Reply
Bill B.
#3 1031 Exchanges Contributor
#3 1031 Exchanges Contributor
- Investor
- Las Vegas, NV
Not only do they take half the rent. They double Hoa fee if you use more than 2 weeks per year. They want you to buy them a hotel room to rent out. Buy something else and use the profits to rent their if you want.