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Sounds like you are in the right track. Yes i agree with you - guard all the sensitive info as much as possible. You never know... But i wouldnt hesitate to purchase the property now since real estate is at its lowest for the last 7 - 8 years, if you have the means and you feel passionate about...

Yes i would agree with bc that you may want to check if local tourism bureau has any kind of statistic for the past years so that you can project your occupancy rate more realistically. The target of 12 - 14 units is a lot for starting. But most important of all, you need to figure out what your...

In my case i don't have much problems with guests asking touristic questions especially driving directions because for me, i am here to help. My main problem is having the patience to let them finish the question but in my mind, i already know what they are going to ask after their first 5...

Yes, take your time to think about it. Do you want it to be a lifestyle or a business? Or it's a balance of both. Are there special local produce that you can specialize in your farm stay? For example, my partner and I went to a small production organic coffee farm to pick coffee here in Puerto...

What a great question! To do it allover again... As a business, its definitely a yes from me provided you are able to make a living or a decent profit. You are your own boss. Work at home (save gas + time). Every extra hour that you work goes back to your pocket. You manage your own time (my...

I tend to agree that people could google our property right after reading the reviews. But I can imagine that it would add convenience If people could directly jump into our website by clicking the link in our TA page. Fair enough not all click-throughs will automatically translate into...

Thank you all for sharing these valuable info and honest opinions with me. I will definitely look into other ways to enhance our visibility and leads. : )

My partner and i have been running our Guest house in puerto rico for the last 7 years. We had taken advantage of TA since the beginning. For the first 5 years, it was mostly a love relationship 'cos we were the no. 1. Then competition came along and with increased tireness, now we have sunk...

Well i wouldn't want to go too specific but if you google "hotel cap rates", you are likely to find a range of 7 to 12% where 12 is being very conservative. I tend to agree with you that the cap rate will depend on your inn type, performance, location, and cost of credit available for financing...

Hi, i am new here. I was looking for bnb forums and found you guys online. What a wonderful site that we all innkeepers get to share and vent! : ) My partner and i are also selling our guest house and just did an appraisal in Dec. We got an appraiser that is approved by the local banks. Due to...