Hi Dave4455
Are you making any progress ?
It’d be great to get an update from you.
Hope it’s going well.
Cheers
thecrest

9.67% nett return on $200K investment. hmmm. Free home and Nett income of under $20K ? Is that what you want ?
Cheers
thecrest

Roughly what price range are we talking about for a typical 3 brm 1 bathroom house anyone ?
Cheers
thecrest

Hi Dave4455.
Any space to build extra units ? as you already own the land and infrastructure, extra units would be more profitable than the existing ones and would increase the sale price and income for you and the lessee. Small income limits available funds for vital R & M which might create the risk of a tenant running the place down. What have brokers said who have seen the property ? Happy to help without acting as a broker. Feel free to make contact.
Cheers
thecrest

Hi Trung.
Seasonal areas depend on a good season. Snow area businesses in the Mt Beauty area face this every year so they may be a source of info. Check the snowfall charts for the last 50 years, as well as ABS occupancy graphs for your area. Examine the off season figures carefully to see if they could sustain you. 32 rooms + restaurant could do buses especially in the off season. Talk to the banker who is currently financing it. Read the last AAA report (SRA – now called Star Ratings Australia) for lots of details and recommendations. A valuation would be vital. Check the local price of 2 comparable acres of land. Any recent motel sales ? Check with LPI to see how much it was last sold for. Lots of detailed homework necessary. Start digging.
Let me know if I can help when you have some specific info.
Cheers
thecrest

Hi Leon.
I’m a broker and a motelier, trying to sell my motel and free my time for broking.
Management has provided mixed results. It’s very hard to find the right people who will work hard to maintain and grow the business, and really engage with the guests and provide friendly service all the time without grouching at guests or staff, or closing early. To keep mgrs sharp you must spell them yourself every month for about 4 days which provides you with direct contact and feedback from guests and staff.
Chat is ok.
Cheers
thecrest

Not much info to go on but here’s my 2c worth anyway. Newcomers need support groups. Suggest they bake 6 cakes and take them to all neighbours to introduce themselves, including the problem one. That would either confirm their next step or help fix the problem, but either way they would be introduced to the neighbours and likely to have some support.
If the peace offering doesn’t work and racist treatment is repeated then the Police would be your best suggestion.
Cheers
thecrest

Hi Magic32.
Assuming you asked the question because you want to know how to progress.
As always, to progress, you need to know where you are now and where you want to go.
So it might help to add some details about your current position and future plans and needs and thoughts so those in the know can suggest the appropriate methods to help you progress.
Cheers
Good luck
thecrest

Running a park requires knowledge of the law and exercising your authority from time to time. It’s easier without permanents to be polite. Fortunately it’s not like a nightclub where you need security staff that have to look like wrestlers. Police can handle those who become troublemakers, but with experience you recognise them and refuse them accommodation. It’s your right. Choose what you can handle and just don’t bite off more than you can chew. Better accommodation attracts better clientele, just like rental properties. Choose a run down cheap park and trouble will follow.
Otherwise, choose a nice motel or other business which attracts nice customers. I’ve run 3 parks and this is based on my personal experience.
Cheers
thecrest

Now I’m confused re deductibility.
If I replace dead lawn, it’s a replacement, is it deductible ?
If I repair dead lawn, it’s a repair, is it deductible ?
Some outside items must be deductible surely, like fencing, retaining walls, paths ?
Where the outside appearance and street appeal is vital for the business like in a motel, is any money spent on landscaping for that reason likely to be deductible rather than adding to cost base ?
We lost heaps of lawn Jan 2013 with the heatwave in Wagga, took ages of crawling around on the lawn to fix/replace it.
Any clarification would help me and maybe others.
Cheers
thecrest