Buying and Selling Your Home: Real Estate DVD Many resorts offers a deal where the management company owns many of the units (which will always be occupied first) with the remainder sold to the general public. Is there an agent who specializes in this type of property?

A condo hotel (or “condotel”) is a vacation community built by a developer or resort company. The developer owns some units and sells others to individuals. Both the developer’s condos and the individually owned ones are rented out through a rental program, and a management company maintains the properties. (In exchange, owners pay dues, a portion of rental revenue, or both.) The condo hotel gives investors the chance to own property and have access to an on-site property manager.

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