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Updated over 2 years ago on . Most recent reply

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Jordan Lutz
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8
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Motel rent By thew week like a air B&B.

Jordan Lutz
Posted

Hello all I'm looking at buying a 25 room motel. Its in a small but growing town I want to rent it by the week and run it off site kinda like the Air b&B. The over head with the loan payment and all should run around 12k a month. I think i can rent the rooms fast for $200 a week. What are ya'll thoughts ?

Can i run it off site? 

Lock Types? 

I know Im going to get a lot of the lower income people and it will have to checked on daily. 

Most Popular Reply

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1,221
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Aaron Gordy
  • Real Estate Broker
  • Austin, TX
1,007
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1,221
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Aaron Gordy
  • Real Estate Broker
  • Austin, TX
Replied

@Jordan Lutz Most motels are old. You need to be careful. Obsolescence is real and can quickly make a deal that looks great on the surface a nightmare under the microscope. For example, aluminum wiring, asbestosis, lead based paint etc were all used decades ago. If you are buying a very old place then you should go into it with eyes wide open. 

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