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Condo Management in the Gulf Shores/ Orange Beach Area
Posted on 5/31/14 at 3:45 pm
Posted on 5/31/14 at 3:45 pm
Can someone offer insight into how these companies work, contract terms, fees etc? I'm considering a purchase primarily for cash flow through a rental program . TIA
2
Posted on 5/31/14 at 5:27 pm to OTIS2
I know some good investments in the cancun rental market.
Posted on 5/31/14 at 5:35 pm to Ole Geauxt
I might replicate that foul up . This post was edited on 5/31/14 at 5:39 pm
Posted on 6/1/14 at 12:56 am to OTIS2
They charge 10% - 30% depending on the company and what they do for you. There are 3-4 to choose from. I use Young's Suncoast, they charge 15% unless I send them them the reservation, then they charge 10%. Good luck
Posted on 6/1/14 at 6:29 am to rlp
Thx. Am I correct in presuming one can select from a number of options as to how many months the property will be available for lease verses private use? Would you recommend Young's?
Posted on 6/1/14 at 8:12 pm to Drop4Loss
Thx.
Posted on 6/1/14 at 11:11 pm to OTIS2
We looked at them all and went with Youngs. So far, no real complaints other than a few cleaning issues. They subcontract the cleaning and we are on our 3rd one in 3 years. And yes, you tell them when it is available for rent and when you want it reserved for your own use. However, make sure you follow IRS regs regarding personal use. If you use it too much, it is considered a 2nd home and not a rental property, which means you lose the tax advantages of business deductions.
Posted on 6/1/14 at 11:21 pm to rlp
Thanks. I have some time and plenty of research to do before I jump in. I appreciate the information.
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