WHO WE ARE
Gotay Group (GG) LLC is a real estate assets management company which has the expertise in short term, extended stay, and long-term rentals. Gotay Group (GG) LLC has been in operation for the past two decades. Gotay Associates LLC is administration company of Gotay Group LLC. Gotay Group LLC currently has eleven (11) units in five (5) different locations, and caters to the guest every need.
WHAT WE DO
The Company Objective:
– Property Acquisition: The role of the division is to acquire, hold, and resell residential real estate properties. The properties are viewed as inventory assets of the company, purchased for the purpose of bringing net profits into the company when the properties are resold or refinanced.
– Property Management: The Property Management division is responsible for managing all properties that the company holds as long-term rentals. Assuring that the guests needs are fulfilled. Additionally, the company can provide property management services to STR for a fee.
– Complete STR Investment Services and Consulting: The company may create a division that advises real estate investors in their Short-Term Rental strategies.
WHY DO WE DO THIS
Starting with a dream and renting out rooms for family friends Gotay Group LLC began by creating a place where you feel at home. Two decades later Gotay Group LLC has expanded and provided its guests, tenants, and partners high standards of service in order to gain an enjoyable vacation experience that will instill lifelong memories with family and friends. Providing this experience is what encourages Gotay Group LLC, to continue to develop as a business.
GG’s furnished apartments goal is to provide pleasant residence apartments, which make our customer, feel at home, Home away from home and delivery quality service!
GG’s vision is to continue to be the short-term rental/long term rental of choice, providing full service and care to our clients, properties, and to our team members by setting the standard in the industry, and to create a vehicle to give back to the community.
The business concept was established in January 1998 by Agustin Gotay principal partner of Gotay Group Limited Liability Company. The idea sparked when Gotay and his spouse bought their first residence in New York City. They had an extra room in the house and started renting the room to friends from Europe and Puerto Rico for short term periods. We learned that in the short-term rental business word of mouth is the most important marketing source. The guests were our best free marketing advocate, and they became a center of influence that referred others to rent the extra room. Our short-term rental income analysis found that renting out a room was pay for thirty five percent (35%) of the total monthly mortgage payment.
Technology such as emails and online travel agency (OTA) inspired The Gotay family of buying dwellings solely for the purpose of short rental. In regards at long term rental business concept began when a general contractor working for us told us that if we are interested in purchase depilated well located dwelling because he knows a property that the owner is motivated to sell. We met the owned and made an offer and purchased the dwelling at forty five percent 45% of the market value at a Cash of Cash (CoC) of 10.21% rate of return of the initial investment.