Transitioning to Boutique Hotels

The decision to shift from single-family short-term rentals to boutique hotels stemmed from the realization of market saturation in multifamily investments around 2021. As competition intensified with numerous property tours and offers, many properties were sold at inflated prices, prompting a search for less conventional options. Leveraging a background in short-term rentals and property management laid the groundwork for exploring boutique hotels, where self-check-in models could be implemented to reduce on-site management costs. This approach allows for higher income potential and forced appreciation through value-added renovations, bridging the gap between short-term rentals and commercial real estate.