Condo Hotel Master Leasing
Our condo hotel master leasing program is easy for owners. We rent your property and we handle everything else.
*** Estimate only, for a customized lease quote please make an appointment.
How it works?
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Master Leasing
WE enter into Master Lease with Condo hotels owners and our leases range from 1 to 5 years. Master Leasing is common in commercial properties and now it's available to Condo-Hotel Owners like you!
This provides the Owner with a consistent rental amount paid each month and also helps with you getting approved for a mortgage!
Most real estate investors understand that nothing beats a long-term tenant! Orgoto disruptive program has changed marketplaces and other third-party companies have been forced to change their programs.
How it works?
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TRUSTPAY
TrustPay™ is Trust based accounting system which means it is our fiduciary duty by law to hold the funds we collect from renters intrust. If another company offers you fixed rent or a similar master leasing program make sure you ask them if they are holding your funds intrust.
Here’s what makes a trust account significant.
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The money in this account belongs to you, not the management company!
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Orgoto has to earn this money and draw our profits after you get paid!
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We are required to follow the rules and regulations laid out by the state and local government.
What is a Trust Account?
Trust Accounting is a legal arrangement where asset ownership—in our case rental cash is transferred to a trust and managed by us on behalf of the Owner.
What we manage?
Onboarding made easy
✔ Homeowner-driven onboarding system
✔ 3D virtual home tours
✔ Custom copywriting
✔ High-definition photography
✔ Best-in-class optimized listing
Attracting guests
✔ Listings on all top booking sites
✔ Targeted digital marketing
✔ Streamlined mobile app
✔ Dedicated reservation agents
✔ 24/7 guest service
Managing the details
✔ Dynamic rate-setting technology
✔ Consistent, professional cleaning
✔ Stocking guest amenities
✔ Guest screening and damage coverage
✔ Housekeeping
Taking care of you
✔ 10 owner nights per year
✔ SecurePay™ (Trust-Based Payment Processing)
✔ Local staff in every market
✔ Inspections and regular maintenance
✔ Special Discounts to Owners Network.
What we do
How we do it
Marketing
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How much do you pay?We provide you with the best leasing rates in the industry! Our program is 100% transparent. We are so confident that we pay the highest rates that all of our rental rates are online!
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How is Orgoto differentUnder our Master Lease agreement we become your long term tenant. This offers you a steady monthly income regardless of high or low seasons. In addition we do not charge management, commission or reserve fees. Our rental program has been recognized as one of the most straightforward management programs in the industry.
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When can I use my unit?Owners can enjoy their units any time of the year with sufficient notice on intent to use their unit (typically 15-30 days prior) subject to availability. In the event the unit is already booked with we can place you in another owners suite. The owner is responsible for any room taxes or cleaning fees. We will deduct the prorated daily rate from your monthly rent. There is a limited use of 7 nights per year, blackout dates apply on special events and high occupancy nights for example New Years.
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What are the reserve for maintenance?We do not have a reserve for maintenance, we cover all maintenance costs at no charge to you aside from items which would be considered Capital Improvements.
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Who manages my unit and what happens if there are damages?You can rest assure that we maintains your unit to the highest standard. It is in our best interest to provide the best guest experience possible while caring for your property. We hold a security deposit from all of our guests which is applied to guest related damages.
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What are the Owners responsibilities?The owner is responisble for dues under the HOA agreement and property taxes. Any capital improvements to the property such as replacement of carpets, refrigerator, stove or oven, plumbing, AC, furniture etc woudl be at the Owner's expense.
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What leasing terms do you offer?Our Master Lease agreements range from 2 up to 10 years.
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What happens if I sell my property?Our agreement would be assignable to the new owner.
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What happens if I need to end the lease agreement early?We commit to 1 to 4 year leases, our lease payments are calulated based on term, I.E. the longer the lease term = higher monthly rate! Early terminations are reviewed on a case by case basis. If approved for an early termination you would be required to provide us with a 60 day notice and in order to avaoid any relocation costs for upcoming guests, we would ask that you honor the upcoming reservations on a pay per booking basis.
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How do I get started?Book an appointment to review our program, if you decide to move forward we will send you a lease agreement via docusign, once executed you are all set!