Verizon Properties Inc.
Melbourne Residences is a condotel where buyer owns a "real piece of property"----one they can live in or rent out, as they please. Condotel ownership is a great way for people to enjoy the benefits of living in a vacation or resort setting. The profess
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Melbourne Residences is a condotel where buyer owns a "real piece of property"----one they can live in or rent out, as they please. Condotel ownership is a great way for people to enjoy the benefits of living in a vacation or resort setting. The professional management team runs the project like a world-class hotel or serviced apartment.
This is how Melbourne Residences condotel works. Whether rented or not, the unit will generate monthly income this is because Melbourne Residences will pool together its entire total income from rental operations and distribute this to unit owners according to the size of their units based on gross income.
I also provided below the PROJECTED RETURN OF INVESTMENT.
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