CONDOTELS
Condotel
is a short way of saying "Condo Hotel." There a quite a few condotels
available
in our area ranging from $95,000 to over $550,000.
OCEAN JEWELS CLUB
FOR A LIST OF AVAILABLE
CONDOTELS EMAIL ME HERE
ASK
ABOUT THE NEWEST
CONDOTEL OFFERINGS
In
general, these
units can be purchased for your own use or rented to the general public
during the seasons. Most condotels have a ONE NIGHT minimum
stay, allowing you to maximize rentals. None have a maximum stay.
The most prestigious hotels evolve into the best
condotels, offering luxury and plenty of amenities to attract repeat
customers. Often, guests book their favorite condotel room on their
anniversary every year.
Since each condotel unit is independently owned by
you, you can decorate your little investment in any way you wish - you
can choose a tropical or any theme you desire.
 Below are only
examples from a
very informal survey for a typical 400 square foot efficiency that is
directly oceanfront.
TYPICAL
EVENT
CONDOTEL RENTAL
Rates
LOW SEASON RATES
(After Labor Day
until Biketoberfest (lateOctober) after Thanksgiving (Turkey Rod Run)
until Christmas week after Spring
Break until Memorial Day weekend)
$65.00
a night 3 night minimum
$450.00 a week - $1,000.00 a
month
HIGH SEASON RATES
(After
July 4th till
Labor Day - summer months; January 2 through March - winter months):
$110.00
a night, 3 night minimum
$750.00
a week, $2,000.00 a month
SPEED WEEKS
(Rolex
24 Hour Race, Daytona 500),
Pepsi 400, Bike Week, Biketoberfest, Turkey Rod Run, Kart Week, Spring
Break and BCR to name a few.
$850.00
-
$1,200.00
a week
HOLIDAY WEEKS
Christmas, New Years
Eve, Easter, Memorial Day, Labor Day, Thanksgiving
$650.00
a week
-
$100.00 a night
CONDOTEL
Management
RENTING YOUR UNIT
Quite
often, you
will want to utilize the services of the "on location management
company"
to rent out your unit. Monthly charges usually include pool, pest
control,
cable TV, outside lawn maintenance, and some even cover electric, water
and sewerage. Many of the management companies charge as much as 55% to
manage your unit, they send you a full accounting of all rental
activities
and a check for your share.
MANAGING YOUR UNIT
Some
owners like
to manage their own units, and that's fine as long as you live close
by.
As much as some people want to make a huge profit renting their
condotel
units to the general public, the rule of thumb is that a "break even"
at
the end of the year is generally what you should expect, with the added
bonus of utilizing your vacation rental unit for about 25% of the time.
You can also expect to gain appreciation as time goes on, as long as
your
unit and the complex is well maintained and popular.
The Area's Unique RENTAL REFERRAL
Program
Be sure to ask about a
new service that O. Kheir offers: It's a simple (1 page) rental
referral agreement allows condotel owners to take advantage of our
marketing leads. A potential renter (1 week or longer) sends inquiries
to O. Kheir through numerous resources and advertising campaigns. O.
Kheir then sends these referrals to condotel owners who are signed up
with the program. The owner retains a MUCH LARGER percentage of the
rental income, and spend less on advertising throughout the year. Many
owners have found that longer term rentals with fewer fees mean MORE
PROFITS!
Ask about the rental referral program by phone at
(386) 527-8492 or email
here.
See one of our newest sites,
http://www.DAYTONA-RENTALS.com
If
you have questions
about condotels in the greater Daytona Beach Area, please don't
hesitate
to call me for my recommendations. There are some condotels that I
RECOMMEND for various reasons.
CONDOTEL INFO
Make
the educated
choice by
giving me a call today.
(386)
527-8492
BE SURE TO ASK ABOUT CONDO CONVERSIONS
STARTING AT UNDER $200K IN ORLANDO AND NORTH NAPLES.
3340 South Atlantic Ave.
Daytona Beach Shores, FL
32118
(386) 527-8492
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