If you enjoy staying at the best hotels, The WiseCat suggests investing in luxury condo hotels. It’s a known fact, purchasing a Miami condo hotel in today’s market is the smartest and most conservative way to invest in the Miami luxury condo market while generating great returns. Year after year, condo hotel investments retain their value (even during a down market) and generate income which is split between the Hotel (or Rental Company). Call the Miami Condo Hotel Specialists for more details on 305-523-9323.
Today, Condo Hotels are the smartest investment simply because The City of Miami Beach and The City of Miami (for example) do not tolerate daily, weekly, or monthly rentals unless their property is Allowed By Law to do so. The enforcement of the Law was tested during a six-week period with $1.6m collected from Fines of $20,000 each. The enforcement of this Law sent a strong signal to many; and during Q1, 2018 the Hotel industry in Miami reported their strongest period ever.
If you want to make money on others who enjoy living the high life in Miami, we recommend investing in one of these Magic City luxe condominiums. Whether surrounded by serene ocean front views of Miami Beach or the towering skyscrapers of Miami, there’s something for everyone. And the best part is, eager potential property owners can try them all out beforehand by renting a suite in one of their decadent hotel rooms.
Here’s a quick round-up of the seven best accommodations you can turn into income-generating investments in Miami. Read on to get the scoop: