Her satisfying teaching career takes her to schools overseas. Picturing retirement, Susan sees herself living simply in a rental home near her grandchildren and traveling as funds allow. She seeks advice for building a retirement base. An associated or an on-premise rental agent leases the residence when the owner is not using it. The agent then manages the premises like a hotel.
Ownership is akin to buying a hotel room.
A 30 percent rental agent fee covered the cost of room service and cleaning. In other arrangements there's no rental agent and the owners are responsible for dealing with renters. In some arrangements, individual owners are limited in how they furnish the units, and home-decorating becomes a group decision. In others, condos must look alike and all rental revenue is pooled and divided equally, including to owners of unrented units. Susan is a perfect candidate for base camp retirement.