There’s a certain glamour that comes to mind when you think of the W Hotel and the W Hotel in Fort Lauderdale is just that. What many don’t realize is that one side of the hotel is actually made up of privately owned residences that are commonly used as vacation rentals.One thing that I hear most often from out of state buyers that are thinking of buying a second home is that they would like to use it as a vacation rental when they’re not using it themself. Unfortunately,many South Florida condo associations don’t allow short term vacation rentals.
The W Hotel Residences are one of the great options for people that want a condo and would like to also rent it out when they’re not using it. You can opt into their rental program where the W Hotel staff handles all of the reservations,check ins and cleanings for a 50% fee.You can also choose to rent your unit out yourself or use a 3rd party management company that will charge a 20-35% fee.It is recommended that if you plan on using your unit for more than 60% of the time that you use a 3rd party company since there are certain requirements to participate in the W Hotel Fort Lauderdale Rental program.
For more information on their program and what’s available call 954-247-1907