Nick Winikoff
Will companies with the Airbnb model move into the mainstream?
7 January 2019 | 58 replies
@Michael Greenberg We plan to differentiate ourselves by being an aggregator of not just lodging rentals.
Jane Istre
Room rentals to blue collar construction workers
21 December 2019 | 13 replies
I remember taking 4 boilmermakers from a motel to a 2 story house I call "The Hunting Lodge".
Michael Glaser
My First Eviction: Unreachable Tenant
27 June 2017 | 15 replies
He did not show up at his court date, so the judgment went through.Before the 30th I'd like to post something to his door along the lines of "You need to vacate the property immediately as the WYCO Sheriff will be arriving within the next week if you're still here"In addition to that, I'd like to post the judgment against him so he knows it's lodged with the Sheriff and it's happening.1.
John Thedford
BP Is A "HOTSPOT" Of Illegal Activities
9 June 2017 | 68 replies
Got that one backwards - - we've had Hotels and Lodging business model from time immemorial while all the STRs are a new business model which adversely effects residential zoned home owners.
Ralph Noack
Duplex or triplex: rent per bedroom or unit?
3 June 2017 | 1 reply
They call it a lodging house or rooming house, and it falls under different rules & regulations than an apt. with 4 or less bedrooms.
Jesus Canales
I need a savy Real estate accountant that knows 1031 exchanges
5 August 2017 | 4 replies
I am located in jacksonville in jacksonville florida and am also an avid real estate investor with more than a 30 property portfolio consisting of primarily self storage, Carwash's and eve a 400 acre hunting lodge.
Andy Basler
Anyone combine business trips with personal trips?
9 May 2017 | 3 replies
I assume I can count these trips as business trips if I have the proper documentation showing what I've done at that location, and only the portion of the trip (transportation and lodging being the biggest) can be counted towards the business expense.Not asking for tax advice per se, just curious if others do this or any personal experience. thanks in advance
Anthony Lentini
Regular Checkins on Property
22 June 2017 | 7 replies
If the place was not habitable, then securing lodging for them at a hotel (paid by you) would have been a viable option.I'm curious.... when did their tenancy begin?
Becky Fischer
Upcoming MA State meetings regarding short-term rental tax
23 June 2017 | 1 reply
Beacon Hill lawmakers seem poised to bring the lodging tax to fruition, although the details have yet to be decided upon.
Account Closed
Hotel Valuation: Price-to-Sales, Coke Can & Room Rate multiplier
12 July 2017 | 20 replies
The Coke Can Multiplier seems to suggest the value of the hotel property = Number of rooms * $100,000 * Price of can of coke at on-site vending machine.I happen to be looking to buy a hotel with these numbers:# of rooms = 200;Median nightly rent (area specific median) = $109Number of days per year = 365;Occupancy rate (national average)=65%Revenue per year = 200 * 109 * 365 * .65 = $5,172,050Revenue per door = $5,172,050/200 = $25,860Estimated net profit = $478,932Hotel/Lodging industry data (see table below)median net profit margin = 9.26% median price-to-sales=2.13median price-to-earnings=29.59So if the Coke Can Multiplier were correct, it appears the hotel is worth (based on the price of coke at a nearby commercial facility): 200 rooms * $100,000 * $1 or $20,000,000.