Advantages of Flatels
With Flatels, you get a second home in select locations without having to worry about maintenance and operations. You have the flexibility to enjoy your share while benefiting from the income from short-term rentals. It’s a smart way to treat yourself to a worry-free luxury property with exciting investment potential.
How does Flatels Fractional work?
Flatels or the client will find a suitable holiday property. Flatels will thoroughly inspect the property and evaluate its potential.
Flatels will purchase the property through a special purpose LLC. It will then carry out a complete refurbishment and fit out of the property with quality furniture and fittings.
Flatels has established clear rules and sanctions for co-owners. These rules are set in such a way that they do not unnecessarily restrict the owners, but at the same time consistently protect the rights and property of the other co-owners.
Flatels will sell the Ltd. into 8 equal shares (8 x 1/8). Each buyer becomes a co-owner of the property and can buy 1-3 shares and use the property in the proportion that belongs to him.
For a monthly fee, Flatels provides complete management, maintenance and operation of the property. It takes care of everything necessary to keep the property in perfect condition at all times.
The co-owners may use the property for their own recreation. In each property, each co-owner will have his/her own space in which to store personal belongings. When the co-owner is not using the property, Flatels will rent it out on a short-term basis to interested parties via platforms such as Airbnb and Booking.com.
For every foreign property Flatels buys a car. It is available to the owner who is currently using the property. This provides even more convenience, flexibility and savings for the co-owners.
Income from short-term rentals covers the monthly management fees and generates additional income for the co-owners. The model is primarily intended for own use, but can also serve as an interesting investment.
