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8 July 2024 | 0 replies
I woke up one day and realized I needed to run all my deals in the same way a hotel manages all their properties.
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7 July 2024 | 9 replies
On Oahu, for example, we have "resort zoned" areas that are mostly hotels and condotels, and there is a permitting process, different property taxes, etc. for real estate bought in those zones.
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8 July 2024 | 35 replies
In addition to that, tax revenue from STRs tend to be significantly lower than that of their hotel competitors.
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5 July 2024 | 19 replies
I've never stayed in a hotel or short term rental where I couldn't control the temperature.
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4 July 2024 | 9 replies
That said, deductible would likely be $500 or more so how many nights would they need to get a hotel for instance and what would it cost?
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4 July 2024 | 8 replies
I don't know if you're aware but luxury hotel rooms are often super cheap in that country so I'm not sure how you'd compete and make any decent income.
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2 July 2024 | 8 replies
Just curious what hotels do in these hurricane-prone areas.
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2 July 2024 | 0 replies
From $400-500k boutique hotels, to Lake or Riverfront RV parks for $1M+ to 300+ storage units for $2M these are not institutional asking prices (as are common in neighboring States.)
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2 July 2024 | 5 replies
You can check the zoning but if it's a commercial building that's an apartment complex or old hotel turned residential, you can do whatever and the city can't make you come under the permits they require for non-commercial STR properties.
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2 July 2024 | 10 replies
Renting by the room is almost like running a Bed & Breakfast or hotel except for longer term stays which is why they often are not allowed in R-1 residential neighborhoods.