Real Estate Rookie
406: Inside Our FIRST Commercial Real Estate Deal (A 13-Unit Hotel!) w/Tony & Sara Robinson
May 15, 2024
Tony Robinson, owner of a thirteen-unit hotel in Utah, and his wife Sara discuss their commercial real estate deal. They cover topics such as budgeting for a renovation project, managing contractors, self-check-in for a commercial property, and working effectively as a couple in real estate.
43:37
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Quick takeaways
- Strategic division of roles between partners for effective project management in commercial real estate renovation.
- Building strong contractor relationships by offering on-site stay to ensure reliability and efficiency in large projects.
Deep dives
The Motel Renovation Process
Renovating the motel involved a strategic division of roles between Tony and Sarah, with Tony focusing on acquisition and Sarah taking charge of the rehab process. The property was managed by their contractor, Nacho, who resided on-site, showcasing a unique arrangement. Sarah's responsibilities included ordering materials, setting up operations, and managing the rehab process effectively, highlighting the importance of clear role delineation in their partnership.
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