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Updated about 3 years ago, 12/21/2021

User Stats

43
Posts
3
Votes
Daniel Kern
  • Investor
  • Northfield, NJ
3
Votes |
43
Posts

Seasonal Motel Conversion?

Daniel Kern
  • Investor
  • Northfield, NJ
Posted

Hello again all,

Looking to jump into bigger multi family. So far we have a couple triplexes, a duplex, and some sfh.  Ideally, and where we're at financially, I'm thinking 10-50 units would be a sweet spot where we're not competing with the bigger players, smaller investors, or families looking for homes. I came across a motel in the area that is currently operated only seasonally (mid may-sept). Its just outside a family beach resort and Ive been racking my brain on how I can operate the building either seasonally or short term and still utilize property management without operating as a motel where I have to be available 24/7.  There is currently no heat in the rooms and the water line runs on the outside of the building which is why I assume they are seasonal in addition to the travelers to the area all summer. Anyone have any experience in something similar or ideas to buy and operate the 15 rooms without needing to change zoning from commercial or selling rooms by the night?   Thanks in advance.

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