Gulf Shores - Orange Beach Condo Investment

The cost of owning a condo is not as complicated as most people think. Once the condo is purchased, the mortgage is one of only a few monthly fees. Each condo has an association that regulates the finances of the building as a whole. The association charges each owner a monthly fee, usually based on the square footage of size of the unit. These monthly dues include insurance on the unit, trash, cable (most of the time), sewer, landscaping and maintenance of the property.

If the property is a rental unit, the owner will want to contract an agency to advertise the property and maintain the unit during the times the owner is not using it. The fees for this service usually range from 15-30% of the gross rental income. There are ways to minimize these fees and supplement the income by renting the unit yourself, please call for details.

Other than the afformentioned fees, the electricity and contents insurance, if desired, are 2 other fees that will be involved. With the prices where they are now, the "out-of-pocket" expense of owning a condo in Gulf Shores or Orange Beach is as low as it may ever be. Please email aaron@condoinvestment.com or call 251-978-3718 with any questions.