💡 : Check the occupancy reports for the last 12 months to see seasonal trends before making an offer.
Jack and Sarah Miller decided to trade their high-speed corporate lives for a 14-room roadside motel in the Catskills. They were tired of the 9-to-5 grind and wanted a business they could run together while living on-site. buying a motel
They hired a specialized motel broker and an accountant to dive into the finances. They spent weeks reviewing three years of financial statements and occupancy reports to ensure the business was actually profitable. During their due diligence, they didn't just look at the books; they walked the property, checking the back areas for signs of neglect and ensuring the building was structurally sound. 💡 : Check the occupancy reports for the
: Check the "hidden" areas of the property; if the staff areas are clean, the rest of the motel likely is too. They hired a specialized motel broker and an
The reality of motel ownership set in quickly. Jack spent his first weekend fixing a leaking pipe in Room 4, while Sarah spent hours responding to online reviews and updating their booking system. They learned that the work never truly starts or stops; they were now on call 24/7.
: Be prepared for a "24/7" lifestyle where your home and work life are fully integrated.