Was a good unit turn performed?

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

The limit on scaling is your deal flow (mine never was that good) and time it takes to perform the value add (I got fairly quick for example, my last rehab did all new plumbing, electrical, and flooring.  

She is a contractor and she didn't have to perform this cleaning so she doesn't get paid for work not performed. 

Depending on the resort the 7/9 bedroom was in, yes, it will generally perform better than a 4 bedroom in any reputable resort, including solara. 

If it’s cash flow, selling might make sense to reinvest in a better-performing asset.

With less experienced or just poor planning operators, it isn't uncommon that they spend years distributing all the cash out to the owners, and then the time comes for a multi million dollar refresh to maintain the hotel brand, and no one wants to cough up the money back into the entity.

This is a straightforward process that we’ve followed to consistently deliver high-performance properties, and it does not require secrets or gurus.

We also have one LTR in Wilmington , NC that we bought brand new and have an excellent tenant in.  

Lenders that don’t require an appraisal will perform a desktop appraisal but will typically have a very conservative view on the value of the property to protect the company’s investment.