Lake Buena Vista Resort Village
The Lake Buena Vista Resort Village features individually owned condominiums
offering:
Two bedroom units
Three bedroom units
Three bedroom Penthouse
Four bedroom Penthouse
This unique investment, with first class hotel amenities, shopping,
dining and services presents a wonderful ownership opportunity.
Owners have the option to utilize the resort’s on-site property
management company, which focuses on achieving the optimal blend
of occupancy and room rate for units in their rental program.
As an owner you will also enjoy the dedicated owner services provided
to you and all guests.
The management company specializes in superior hotel operations as
well as an extensive marketing effort of the resort. Owners will
receive monthly accounting statements showing all the activity
in their unit and will feel very secure in knowing each unit is
being professionally handled on their behalf by the on-site management
staff. The management company will oversee the following for all
units in their rental program:
Housekeeping and Maintenance
Advertising, Sales & Promotions
Check in & Check out services
Financial duties on behalf of unit owners
Reservations for the resort
Resort Security
Collection and distribution of Home Owners Association expenses
for the master and regular associations
Property common elements such as pools & all grounds
Some items will be charged back to unit owners as stated in the management
rental agreement.
As an owner, it is reassuring to know that you have round-the-clock
representation in the form of professional management. In addition,
if ever an issue should arise, the licensed property manager will
act as your personal representative to resolve the situation.
As provided in the Rental Management Agreement, Owners will receive
63%* of the actual gross rental income, which is defined by your
total unit rental income less a pro rata share of travel agent
fees and credit card commissions. The management company will
retain the remaining 37%*, which is utilized to pay the expenses
of the resort’s daily operations, accounting, sales &
marketing, reservations, housekeeping and maintenance. All specific
items regarding the rental program will be shown in the rental
agreement.
The following represents the typical breakdown of the unit revenue
and costs involved.
Assuming an average stay of 7 nights.
Two Bedroom Three Bedroom
Rate $150.00 $200.00
Owner $94.50 $126.00
Departure Fee -6.00 Per night -6.00 Per night
Net to owner $88.50 Per night $120.00 Per night
$619.50 Per week $840.00 Per week
The
above numbers are approximate revenue and expenses.
Monthly cost for owners also will include the following approximate
costs.
Insurance-$50.00-60.00 (Liability & Furnishings)
Utilities-$100.00-150.00 Depending on size of unit and occupancy.
Home owners association fees-Two Bedroom-$295.00 Three Bedroom-$325.00
Mortgage (Depends on size of loan, if any and interest rate)
The Lake Buena Vista area is currently running approximately 71.5%
hotel Occupancy.
Historically occupancy rates in Lake Buena Vista run approximately
20% above the Orlando average and far higher than the Kissimmee
average.
* The owner and management company percentage of shared room revenue
is a tentative number that will be finalized before the agreement
is signed.
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Property Exhibitions