Get Under Skeleton

Online Magazine

  • Facebook
  • Google+
  • Twitter
  • Home
  • About
  • Tips
  • Travel
  • WordPress
  • Life Style
  • Blog
  • Finance
  • Home & Garden
  • Contact

August 15, 2019 by: Ryan

How to Turn Your Condo Unit into a Money-Making Business

A large pool of water in front of a building

Description automatically generated

Condominium units are no longer just your regular living space. Now, more and more unit owners are converting their properties into mini-hotels where guests can stay in a short period. Condotels, as what people refer to it, are an engaging property investment that aims to turn a condo unit into a place where travelers can stay.

Most condotel units are individually owned. They are an excellent way for owners to generate passive income by having their properties rented. Depending on the season of the year and the location of the property, converting your condo unit into a condotel can help you earn a lot of money.

A practical investment   

A condominium situated in the right location is an ideal investment. It is especially true if you can get the property at its lowest price. A condominium has common areas that all residents can freely access.

When you buy a pre-selling condo in Capitol Commons, for example, you are purchasing everything inside the unit. Meanwhile, you get to share and manage everything outside the unit with a group of other owners. Every resident is obliged to pay fees to the homeowners’ association to maintain the facilities shared by everyone.

The rising popularity of condotels  

Experts say there are several reasons the condotel business has become popular over the past couple of years. In the case of people working overseas, owning a condotel unit can serve as their home every time they return to the country.

Aside from the accommodation, owning a condotel unit means that you do not have to worry about maintaining anything. That is because the management will take care of all the shared amenities for you.

People invest in condominiums because they see an enormous opportunity to earn passive income. Since many people no longer have time to go out of town or have the means to go to a luxury hotel, staying in a condotel is an excellent alternative option.

Choosing the right condo unit

A tall building

Description automatically generated

Buying a condo is a serious financial commitment that requires much thought. That is why you need to consider several factors before choosing the right condo. If you are planning to rent out your condo unit for a short period, you need to select a property that has an ideal location. The location determines the comfort and convenience that your guests will feel whenever they want to go out.

You also need to keep tabs of the developer of the condo, too. There have been cases of some condo projects that got halted because the developer ran out of funds to continue with the construction. So, you need to be wary of these things before agreeing on anything.

There are mainly only two reasons people purchase a condo. One is to have a place to stay in, and two is to utilize it for investment. Either way, investing in a condo is a huge financial decision. So, you need to think about it carefully to get the most out of your money.

 

How do you dispose of medical waste in California?

January 9, 2023 By Ryan Leave a Comment

More than 5.9 million tonnes of medical trash are generated annually by clinics in the US. There is a significant amount of potentially dangerous garbage being rid of in this country when the waste generated by other medical institutions is included, such as veterinary clinics, pharmacies, and dental healthcare institutions so these wastage can be manages on www.medwastemngmt.com Biohazardous garbage is one of the greatest

[ Read More ]

What a Time Lapse Camera can do for You (personally and professionally)

December 29, 2022 By Ryan Leave a Comment

As the New Year is upon us, everyone is looking to change something in their life, to make it better. Although you can’t find happiness in objects, you may be surprised how much acquiring a time lapse camera will increase the quality of your life, personally and professionally. Here is the explanation. On a Professional Level Let’s start with work. Whether you are independent or

[ Read More ]

Tips to Remember When Starting a Career in Entertainment Journalism

December 21, 2022 By Ryan Leave a Comment

Contrary to popular understanding, journalism is multidimensional career and writing is a skill that can be used in different ways. Not all journalists are the same and different types of journalism require different types as skills – as well as many of the same ones too, of course. While entertainment journalism may be perceived by many as a lesser form of the craft, this couldn’t

[ Read More ]

Top 3 Richest Comedians On The Planet

November 23, 2022 By Ryan Leave a Comment

It is clear that when it comes to the box office, action and adventure always seem to be the ruling class. Some of the biggest movies in the past decade have followed the same path as being superhero movies, like the Avengers series coming out of Marvel Studios, are massive canonical remakes and sequels like the new James Cameron Avatar movie that has been long

[ Read More ]
Credit Score: Do All Filipinos Have It?
Customs Clearance: How to Do It Properly

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About

Hi guys! I’m Ryan. I am a recent graduate from a Journalism program and have a huge passion for writing. I am also the editor of Get Under Skeleton.

A little bit about me is that I love learning about all things and I am always inquiring and asking questions about,

Archives

  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018

Popular Posts

  • Useful Sports Betting Tips For NCAA Football Enthusiasts
  • How do you dispose of medical waste in California?
  • What a Time Lapse Camera can do for You (personally and professionally)
  • Tips to Remember When Starting a Career in Entertainment Journalism
  • Top 3 Richest Comedians On The Planet

newsletter

facebook

Get Under Skeleton

facebook

Get Under Skeleton

newsletter

  • Facebook
  • Google+
  • Instagram
  • Twitter

about me

Hi guys! I’m Ryan. I am a recent graduate from a Journalism program and have a huge passion for writing. I am also the editor of Get Under Skeleton.

A little bit about me is that I love learning about all things and I am always inquiring and asking questions about, Read More…

© 2023 · Fun Genesis WordPress Theme by, Pretty Darn Cute Design