A nightly resort rental program will be managed by Playa Sol Management and promoted by Barrier Reef Vacations, a full-service Hospitality and Tour provider. Participation in the nightly rental program is optional.
Owners can participate as little or as much as they want. Or, not at all.
Participating owners can use their units whenever desired and earn income when not being used personally. The management company will reserve your unit for personal use as requested. And, there is no required number of nights you must make the unit available for rent.
The financial projections for the nightly rental program when offered for rent full time are:
Goal is 5% to 10% net return on investment for owners. The rates at the start of the program will be lower to promote and enhance start-up. These return rate goals are achievable by offering a unique Belizean style luxury property with guest services that are the finest on the island.
Hotel Taxes are paid by Guests, with Barrier Reef Vacations collecting the tax, filing the required tax returns and paying the taxes to the Government of Belize.
Business taxes are the responsibility of owners but, are paid to Government of Belize on a monthly basis by Barrier Reef Vacations.
Revenue is shared as follows:
· 75% - Owners
· 25% - Management Company
Unit "Ownership Costs" are the responsibility of owners and include:
HOA fees, Property Taxes, Building Insurance (comprehensive "all perils" including hurricane, flood, earthquake, etc.), Liability Insurance and electricity. There are no extra charges for water, sewer, wi-fi and cable TV as these are all included in the Quarterly HOA fees.
Long Term residential rentals may also be offered through Playa Sol Management if preferred.
Playa Sol Management will develop a custom rental plan to meet your objectives.
IMPORTANT - All information contained herein including but not limited to pricing and availability of units and common area amenities is subject to change at the sole discretion of the developers. All square footages are approximate.
Residences at Barrier Reef Belize
Beachfront condos overlooking the Belize Barrier Reef. Just 3.5 miles North of San Pedro Town, Ambergris Caye, Belize.
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