The Hotel Investor Playbook How a Property Manager Can Help You Maximize Your Hotel Profits | Bryan Tubaugh E12
Jan 7, 2025
In this episode, Bryan Tubaugh, founder of Aligned Hotel Management and a hotel management veteran, dives into the vital decision of outsourcing hotel management versus self-managing. He highlights common pitfalls owner-operators face and the benefits of professional oversight. Bryan shares success stories illustrating how expert management can enhance profitability and offers key strategies for effective communication with management companies. This insight-packed conversation is essential for both budding and seasoned hotel investors looking to maximize returns.
AI Snips
Chapters
Transcript
Episode notes
Too Close To The Asset Harms Performance
- Owners who self-manage are often too close to the asset and overly tight with finances.
- Bryan Tubaugh warns you must spend money to make the asset perform and maximize profits.
Prove ROI Before Asking For Capex
- Build trust with owners by showing a track record and clear ROI for proposed expenses.
- Explain specific returns (e.g., F&B spend raising ADR) before asking owners to invest in improvements.
Charge Then Credit Pre-Acquisition Consulting
- Offer consulting during due diligence and credit fees into future management to show partnership.
- Charge for pre-close work but apply that fee against the management contract to align incentives.