I have a good friend who owns a few small hotels that uses Hostaway and was able to do a Zoom call with him so he could show me the process. 

The area is loaded with men on 1-2 year contracts who have homes some where else and they just need 1-2 years of safe, clean, comfortable housing and the only other option is seedy hotels.  

These tools use the same technology that hotels rely on to maximize rates.Keyless Entry for Smooth Check-Ins: Keyless entry systems give guests a unique code that expires after checkout.

They may even pay for the tenant to stay in a hotel until the home is safe again.As for the tenants, I think you've gotten yourself into a pickle by letting this go long enough that they can claim health issues.

I would say it depends on the market.We had converted a 88 unit hotel into MTR for corporate housing in a market with a lot of job growth.

Why not do Property Management, I see you already are a licensed RE agent, getting a license through Hotels & Restaurants is not too difficult.

He just hosted a get-together - a Family Reunion - where we took a deep dive into various aspects of BRRRR, how to source deals and a look at how he is rehabbing the hotel we were at that he owns.

Dear all, I have the opportunity to invest in a property (a retreat hotel not far from me) as a limited partner.

If you think you have average intelligence and a general hard working person, for non luxury STRs (competing with 3 star or below hotels in the area for average people who simply need a bed and a kitchen) I would use 60% occupancy rate to start in the beginning and then 80% after stabilization.

It's not quite the same as bare land vs hotel.