How the condo hotel system works. 90% of investors buy a property in Tulum or Playa del Carmen as an investment, to rent it while they are not physically here, and come to vacation from time to time.
-How does the condo-hotel system work?
It depends on the developer, there will be some differences but basically, the idea is the same. The management company that manages your building will rent your apartment on platforms such as Airbnb, booking.com, and many others. Of all the profits that are accumulated monthly, the management company will pay for basic services such as electricity, water, taxes, HOA, etc. They will charge a portion for their services and deposit the remainder into your bank account.Read More