Property

Investing in a condominium rental property: should you be a member of your co-ownership syndicate to have a better R.O.I on your investment?

Luxury condominium

In a previous article, we talked about luxury condominium rental for vacation. In this article, we will cover the other side. It can be an excellent real estate investment if you own or would like to own a condominium rental property.

Image result for rental property

Make your due diligence.

However, before investing in a rental condominium, you need to do your due diligence and think of a few things. Here are a few things you should check:

Generate passive income

Some people invest in real estate for appreciation, but if an investor wants to get out of the rat race, he needs to generate passive income through his investment. The condominium has to create a positive cash flow in real estate to generate passive income.

Positive cash flow

A positive cash flow occurs when the property’s gross income subtracted from the expenses gives a good net operating income (N.O.I). Then, the N.O.I removed the debt payment (mortgage) should give you a good cash flow.

It’s great

It’s great for a real estate investor (property owner) to receive a monthly cash flow while knowing that equity is growing because vacationers gladly pay the mortgage. It is also great to know that the property is gaining appreciation if it’s located in a good real estate market and well cared for.

Busy

To make sure that this great scenario happens, it’s better if you are a member of the board of directors of your condominium’s co-ownership syndicate. However, a lot of investors are jam-packed with their professional life. A good way to be super effective is to use a video conference service and an electronic voting system for the co-ownership syndicate board of directors’ meetings of your condominium investment.

I was taking care of business!

With those tools, all your meetings can be done from anywhere worldwide. With this service, your condominium co-ownership syndicate can translate electronic voting into iintoannual general assemblies. This service is called Feedback Interactif, and with it, you will be able to easily and efficiently take care of your business.

We are winning the rat race!

It’s time to win the rat race by being on the other side of the condominium renting equation. You can still have a vacation in your condominium when needed!

About author

I work for WideInfo and I love writing on my blog every day with huge new information to help my readers. Fashion is my hobby and eating food is my life. Social Media is my blood to connect my family and friends.
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