Hotel- Condos in Las Vegas is it something I should invest in ??

                                                         Hotel Condo Properties Lots of people looking at high rise condo living on the strip find those kind of properties very attractive due to much lower pricing vs regular high rise condo projects and attractive fully furnished interior an on-site rental programs available both on short and long term bases . That is one of the reasons I wanted to touch on this subject and , as always, trying to keep it real and give you all the pros and cons !!
If you are an international buyer or a person who is just looking for a property that offers a hands free ownership and a place that you can use as a seasonal retreat , given, one day it will appreciate and you will make some money on resale , it is by far the right choice for you!!
Please do keep in mind high maintenance fees ( MGM Signature $500-1000/monthly) depending on the size of the unit , Trump International much better ( $365-$750 and around $1,300 for penthouses) , Palms Place ( $600 and up) with the project off the Strip facing uncertain future and prices dropping there. Another issue is the rental program split if your property is rented out and the percentage the respectful franchise takes is pretty high (around 40%) average,yes you can use outside property management in some of the projects but your best bet is to go with the brand for the sake of most exposure and marketing tools !! It requires you to keep up the property up to rental standards as far as original appearance so stay away from units that are missing furnishings since they are hard or (in MGM Signature case) impossible to replace due to the age of the project.
My intend here is not to discourage you just to give the real picture of what it is since I am a full time agent that specialises in high rise condos and shows those types of properties every day .So many posts and ads from the real estate professionals in town encourage you to invest in those and telling you that inventory is thin, people are reselling and flipping units they purchased a year ago, true, but they are not telling you one thing that those people are not turning any profit and just reselling it for what they bought it and it some cases not even covering the closing costs !! The reason they are selling is because it is NOT an income property and these type of condos are cash only purchases due to no financing options available, so immediate return on the investment is not there  !!
Bottom line is : it is still ok to invest into a hotel-condo in Vegas just keep in mind you are betting against every hotel room in town and we are known for those, otherwise it can fit you perfectly as long as you make an investment  as a long term commitment and are provided with all the  right facts !!

Please feel free to contact me with more questions and my top picks  !!

Warm regards,
Helen Michel
(702) 884-6428
email: helenvmichel@aol.com