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by bloat
1104 days ago
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"Rental revenue is shared with the management company, and owners typically pay no upfront fees for management, which includes the marketing and reservation of the units.[citation needed] Typical monthly fees for units in the rental pool include FF&E (Furniture, Fixtures and Equipment) reserve and resort fee(s). Although the revenue splits between owner and management company do vary from project to project, most hover around 50 percent." https://en.wikipedia.org/wiki/Condo_hotel |
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