: Always verify at least three years of financial statements and tax returns.
💡 : Check the occupancy reports for the last 12 months to see seasonal trends before making an offer. buying a motel
: Be prepared for a "24/7" lifestyle where your home and work life are fully integrated. : Always verify at least three years of
: Check the "hidden" areas of the property; if the staff areas are clean, the rest of the motel likely is too. if the staff areas are clean
Financing was the next hurdle. While banks are often eager to lend for motels because they are seen as solid investments, the Millers had to present a rock-solid business plan. They secured a loan and officially took over the keys on a rainy Tuesday in April.