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mikeyd's picture
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01/01/2017

I am looking for advise for what to do next because I eventually want to own a bnb I don't have the capitol to just buy a house.

I have a a certificate in Hospitality Operations. I have work at a family guest ranch, where I cooked, cleaned, turned over the lodge, hosted guests, run activities and my hours were from 6am to 9pm.  I am currently working at hotel at the front desk, so I have gain guest service skills. 

It seems logical to either find an Innkeeping job or attend a seminar/class. I just need help what to do next. Thank You

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Mike

 

seashanty's picture
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06/02/2008

 Sometimes you can find a lease to own ...

 trying to remember the name of the place Empty Nest created a site for. lil black bear ?  jamesandjill  ... wondering how they are doing.

gillumhouse's picture
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05/22/2008

Start saving. If West Virginia may be on your "radar" - I am not ready yet, want to do a few things first - but I will be putting my 3-room B & B on the market within the next couple years. I will be selling it for the market price of the house - and taking ONLY my personal stuff with me. IF the buyer agrees to run it as a B & B for at least 3 years, the furniture upstairs and in the dining room, dishes, etc are a bonus.

TheBeachHouse's picture
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06/24/2013

Buy a small house.  Whatever you can afford.   Pay as much as you can toward the principal so that when you find the right property, you have plenty of equity so you can sell you 'saver' house and buy the one you really want.

 

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TBH

 

JimBoone's picture
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12/18/2014

Like Morticia said, finding capital to get started is the hardest part of the business. I worked in businesses where I had public contact, but never for a BnB, or hotel/motel, I was in my late 40's by the time we made the move and I still worked an outside job for another 20 years. 

Life is funny, we work hard doing a job we don't always like hoping to earn the money to go into a business we like where we work harder for less money.

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Jim & Maxine

 

Morticia's picture
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05/22/2008

You might look into innsitting. You seem to have a lot of experience. Perhaps the state innkeeping association where you are could help you look for another position to get more experience. You might also look for owners who need someone to run their property but giving you more management responsibilities.

Without capital there's not much you can do to be an owner.

So, is it possible to find different employment that pays better so you can save money? Lots of people don't get to the ownership position until their 50's.

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Never judge a person's story by the chapter you walked in on.

 

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