| |
daytona condohotels: I Want Your Honest Opinion, So, Please, Lie to Me, Baby... - 03/24/13 02:11 PM
I regularly receive calls asking my opinion about condo-hotels. There are situations, when condo-hotels are perfect for callers, but in some instances the only reason they are looking at condo-hotels is because of the low price.
No, condo-hotels are not good for living there, and there are many reasons why. But often time I feel the resistance, as if all the caller expected from me was to confirm that it was a good choice.
And often times they get upset, when I am giving my honest opinion. No matter what you tell them, they insist that it did not work for … (9 comments)
|
daytona condohotels: Condo-Hotels. From Great to Crap - 03/19/13 02:05 PM
The e-mail I received was not from the buyer, it was from the vacation renter. On the Internet he found a deal directly from the owner for an oceanfront unit with a kitchen and only for $59 a night plus tax. What a deal.
However, he wanted somebody to confirm for him that it was a nice place, and in his search ran into me. He said I was a condo-hotel guru, so he wanted my opinion.
I could have an easy way out, just say that I can't render an opinion on rental as I am doing sales, but I … (17 comments)
|
daytona condohotels: I Am Soooo Angry... - 02/19/13 10:26 AM
Dear General Manager,
Please cancel rental of our unit xxx as it is ridiculous that we pay fees ($ 120) to rent it rather then making a revenue
I received this email today. It was not to me, it is to General Manager of a condo-hotel in Daytona Beach Shores, but the owner, my former client, copied me.
So, here we are. February 19, 2013. Daytona 500 is just in few days, every room in the area is rented for the highest amount they ever charge during the year, and my client wants out, because he received the invoice for $120…for … (8 comments)
|
daytona condohotels: I Wouldn’t Buy It Even For $25K… - 02/10/13 09:05 PM
- I wouldn’t buy it even for $25K…
This comes from Canadian snowbird, who is testing the vacation market.
- No worries. Nobody is going to sell it to you for $25K. By the way, for $25K I would buy in a heartbeat.
That conversation shows how differently we see the same property, a direct oceanfront studio unit in Daytona Beach Club listed for $40K, the lowest priced unit in this condo-hotel.
My Canadian customer is pointing to chipped marble windowsill, peeling paint on the entrance door. He says it costs money to fix. He can’t believe that with chipped windowsill … (20 comments)
|
daytona condohotels: What Is the Maintenance Fee? - 12/30/12 07:52 PM
After price, this is usually the next question we hear when we get calls or receive emails. Sometimes I would even get "give me the fees for different condo-hotels and we will make our decision based on that". To answer truthfully (and stupidly) would be that it varies in different condo-hotels in Daytona Beach area from $255 to $450 a month.
But this does not answer the real question: which condo-hotel is a better buy? Would the cheapest condo-hotel unit be the best deal? Well, it can easily be the opposite.
Maintenance fee is a sum of … (4 comments)
|
daytona condohotels: Can Loyalty Hurt? - 11/12/12 03:37 PM
As if the difficulty financing condos isn’t enough, financing condo-hotels is practically impossible. I know only of one condo-hotel in our area financed in the last 4 years.
No, it hasn’t always been this way, but those, who specialized in financing condo-hotels were among the first, who closed their doors when the crisis hit.
But life goes on, and every now and then I have a buyer in my office, who tells me that s/he is planning to finance the condo-hotel unit. I tell them that this is practically impossible, and I say “practically” not because I believe there … (10 comments)
|
daytona condohotels: Oceanside Inn in Daytona Beach Shores. October 2012 Market Update - 10/24/12 07:23 AM
Sunday was the last day of Biketoberfest, the smaller version of a bigger biker event, a ten-day bikers' marathon in March.
Biketoberfest is a smaller event, only 4 days, at least this year, as the city is approached about extending it to 10-day event.
Anyway, this year event draw bigger crowd than last year, giving hope of the return of busier times in the future.
One weekend before Biketoberfest Daytona hosted the Wings and Waves Air Show, which was a huge success, and brought couple of hundred thousand spectators to the beach, so both events descending on the beachside Daytona … (6 comments)
|
daytona condohotels: What Is The Rental Income for Condo-Hotel? - 10/21/12 11:23 PM
I was looking at the various units that you have listed under 100k. I would like to know the rental incomes expected on the various units and may want to buy some based on that information
I often receive similar requests. Can I provide such information? Actually, no. However, there is more to it, so here is my answer:
First and foremost. Condo-hotels are not income producing properties, and should not be purchased for rental income. It is simply the wrong type of properties.
Second. I am a real estate broker and I am helping buy or sell real estate. Condo-hotels … (6 comments)
|
daytona condohotels: Oceanside Inn in Daytona Beach Shores. October 2012 Market Snapshot - 10/15/12 02:56 PM
As of October 15, 2012, there are seven units in Oceanside Inn, a premier Daytona Beach Shores condo-hotel.
Oceanside Inn's address is 1909 S Atlantic Ave., about a mile from the intersection with International Speedway Blvd.
For a 191-room oceanfront resort it is a very small number. Really very small…
Interestingly, in other condo-hotels the inventory is growing but this is not happening in Oceanside inn.
Today Oceanside Inn may not be the cheapest condo-hotel, but it looks like it ofers the best value.
Take, for example, unit 816. Direct oceanfront corner unit with 498 sf for only … (2 comments)
|
daytona condohotels: Daytona Beach. The Plaza Resort & Spa. End of Summer - 09/18/12 06:56 AM
It is still a slow market. Spring gave a lot of hope with crazy March, when the prices jumped about 20% for condos in Florida pretty much across the board. But after a great start, it was going slower and slower. At the same time the sales outnumbered the influx of condo-hotel units on the market, and the inventory was still decreasing Low inventory is what makes for Sellers’ market, but we do not have it, at least not yet. Currently there are 8 units for sale in Plaza Resort & Spa. It is an astonishingly low number. It is nearly … (2 comments)
|
daytona condohotels: Daytona Beach Shores. Oceanside Inn. Septemeber 2, 2012 - 09/02/12 11:02 PM
Oceanside Inn is one of the best condo-hotels in Daytona Beach Shores. This 191-room hotel was converted in 2003-2004, was tested by 4 hurricanes of 2004, and we thought that we were not going to see any Special Assessments there any time soon, and I was wrong.
The parking garage concrete structure had problems, and it turned out trying to fix it was too expensive and did not make sense, so the decision was to replace it, and this was an expensive proposition.
It is still not clear what the final verdict would be, but for now the announced … (3 comments)
|
daytona condohotels: Too Good To Be True? - 09/02/12 07:52 PM
Otherwise reasonable people often get unreasonable ideas about Florida real estate market. I am not sure whether they could buy a parking space for $50K in New York, but they call and ask for a 2-bdr/2-bath condo on the ocean and expect it to be for under 50K.
Isn’t $50K too good to be true in the first place? Shouldn’t there be a reason why a condo on the beach is only $50K? That it might be small, noisy, high maintenance, etc?
Yesterday we showed a direct oceanfront studio in the Fountain Beach Resort to a visitor from New … (2 comments)
|
daytona condohotels: Daytona Beach Condo-Hotels. Sea Dip Condominiums. August 2012 - 08/12/12 11:03 AM
Sea Dip is one of Daytona’s direct oceanfront condo-hotels. 134 room resort, indoor and outdoor pools. Resort is owner managed. Unit sizes start from 216 sf. Some have city views, some offer ocean view and oceanfront.
There are 8 units for sale in Sea Dip at this time. I checked the data on MLS and was stunned that 6 out of 8 listings were showing wrong, and you guessed it, much larger sizes. The condo-hotels are usually small, but there is a huge difference between 400 sq. ft. and 250 sq. ft.
Price list is always deceptive. It is what Seller … (2 comments)
|
daytona condohotels: Plaza Resort and Spa in Daytona Beach. Association Dues. - 08/07/12 10:05 PM
People are often concerned with the Association Dues in condo-hotels, as they are afraid that they may skyrocket, because the evil Boards of Directors may go crazy on them. The thing is that nobody can guarantee you whether the Association Dues would stay the same, or go up, or even go down.
There are plenty of reasons for the Association Dues to stay the same or change, and the Board going nuts is usually not one of them.
Association Dues are collected so that the Association can pay for utilities, cleaning, security, and other expenses associated with running the condominium. Every … (10 comments)
|
daytona condohotels: Daytona Beach. Fountain Beach Resort. August 2012 - 08/01/12 07:41 AM
Fountain Beach Resort, a 148-room condo-hotel in the heart of Daytona Beach. 6-story resort is located close to Main Street, Ocean Walk Village, Daytona Boardwalk. Quite a few popular bars and restaurants within walking distance.
Majority of units are 343 sf studios, 18 one-bedrooms. They are 691 sf. Studios have small kitchenette. No cooktop, but comes with microwave oven, toaster oven, under-counter fridge. Most of one-bedroom units come with a stove. They also have one regular bathtub, and one Jacuzzi tub.
Maintenance fee for studios in 2012 did not change from the previous year. It is $344 for a … (3 comments)
|
daytona condohotels: Daytona Beach Shores. Hawaiian Inn Market Snapshot. August 2012 - 07/31/12 01:21 PM
Hawaiian Inn Resort is a family oriented resort in Daytona Beach Shores. Excellent grounds, outdoor and indoor pools keep the kids busy and happy. Families love it and come year after year.
Hawaiian Inn was built in 1965. It was converted to condo-hotel in 2000-2001.
Recently the resort has completed massive renovation, that took them nearly 3 years. Concrete restoration is by far the most expensive work any condo or condo-hotel may endure. The sliding doors, which were not included in the Special Assessment (better say a series of Special Assessment paid in installments) and were the responsibility of owner, have been installed, and it is a fully … (4 comments)
|
daytona condohotels: Daytona Beach. Plaza Resort & Spa. July 2012 - 07/25/12 07:49 AM
There is something going on in Plaza Resort & Spa in Daytona. Joseph Gillespie is not longer with the Inner Circle Daytona, the company, which was managing Rentals in the Plaza Resort & Spa. Inner Circle has lost contracts managing other hotels, that Gillespie used to own under Ocean Waters flag until bankruptcy, and a bunch of people doing bookkeeping and performing other functions, lost their jobs. As far as I understand The Plaza Resort & Spa is still run by Inner Circle Daytona, but the founder Joseph Gillespie is not longer with them. So far everybody I am not aware … (6 comments)
|
daytona condohotels: Yes Or No? - 07/20/12 10:12 PM
I was looking at the listing in Sea Dip Resort, a Daytona Beach condo-hotel. 14 Active Listings I noticed the confusion regarding pets. 4 listing avoided this information whatsoever. There is a blank space in place of the answer. 6 agents put “No” and 4 put “Yes”. Interesting. Yes or no? The majority says “no”, but will you pass on buying a unit there to only find out later that it was “Yes”? I sent e-mail to Denise Hutchinson, the listing agent of a few units there. In about half an hour, I was driving by this condo-hotel, and I stopped … (13 comments)
|
daytona condohotels: Daytona Beach. Fountain Beach Resort. Units for Sale in July 2012 - 07/13/12 10:16 AM
Fountain Beach Resort, a condo-hotel since 1999, was built in 1973. It was a hotel later converted to condo-hotel. 148-room condo-hotel is located in the heart of Daytona Beachside within walking distance to Main Street, Ocean Walk Village, local bars, clubs and restaurants.
For more detailed information about the resort simply follow the link.
Check below available units in Fountain Beach Resort.
I wouldn't pay any attention to this lowest priced unit for $35K. Condo Owners Association has foreclosed on the owner, but there is a mortgage and it is way more than the asking price, and I do not … (0 comments)
|
daytona condohotels: Daytona Beach Shores. Oceanside Inn. July 2012 - 07/07/12 01:02 PM
Oceanside Inn. 1909 South Atlantic Ave., Daytona Beach Shores, FL 32118
I like Oceanside Inn in Daytona Beach Shores. I even have a unit there, so you can call me a proud owner. Not sure about the pride, but Oceanside Inn is on my list of preferred condo-hotels in Daytona Beach area. People here are nice and professional. This is one of the best conversions from a hotel to a condo-hotel.
Oceanside Inn is not overly fancy, but it has what the guest in condo-hotel needs. Which in plain English supposed to mean that the Association Dues cover only what they should cover, and … (4 comments)
|
|
|
|
|
|
Jon Zolsky, your Daytona Beach, Florida connection
Daytona Beach,
FL
More about me…
Jon Zolsky, Daytona Condo Realty LLC, 386-405-4408
Address: 313 S Atlantic Ave., Suite A, Daytona Beach, FL, 32118
Office Phone: (386) 255-5355
Cell Phone: (386) 405-4408
Email Me
 Listings
Links
Archives
|
Connect. Share. Learn.Welcome to ActiveRain, the #1 social community for real estate professionals.
;)
;)
;)
