All Forum Posts by: Audrey Ann Dumont

I would be curious to find out what rates of return investors are getting on their Condo Hotels. 

I have a friend who has one in Florida where he doesn't have to do any repairs or maintenance to his unit. It's all covered in his fees.  He also gets to use it up to 28 days per year. These are what his numbers are: Value $369,000, Gross Rent $72,749, Total expenses $49,682 Net $23,067. His expenses include EVERYTHING. Expenses sound high, but 6 1/4% plus appreciation for doing nothing, sounds good to me.

Does anyone else in this group have a condo hotel?  What are your numbers like?