AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Short Term Rental Secrets Podcast
Mike & Mike Ep 8 - 3 Steps to Get Your First Hotel Deal in Q4
Oct 4, 2023
Join Mike & Mike as they reveal the secrets to scoring your first hotel deal in Q4. Explore investment strategies, building successful partnerships, and strategic acquisitions for value-added growth in the hotel industry. Learn about the lucrative profit potential of hotel investments compared to short-term rentals.
26:21
AI Summary
Highlights
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Invest in high-revenue-generating hotel properties for sustainable business growth and profitability.
- Prioritize preparation, define clear investment goals, select appropriate markets, and build a competent team for successful hotel deals.
Deep dives
Why Focus on High Revenue Hotels
It is advised not to invest in properties generating less than a million dollars annually as running such ventures profitably requires substantial revenue. Venturing into low-revenue properties may result in essentially buying oneself a job, necessitating personal management. This approach emphasizes targeting high-revenue-generating assets to establish a sustainable business model.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode