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Owning And Renting Out Condos At Nightly Weekly Monthly Rate

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hi I'm thinking about buying a condo or 2 in the manila area and renting them out as a hotel like accommodation at a daily weekly monthly rate.

has anybody got any experience in doing this?

would anybody be interested in renting them?

any horror stories? 

is it profitable?

also just wondering about general ownership and traditional renting out of condominiums.

thanks any information would be helpful guys?


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