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Updated almost 3 years ago on . Most recent reply

User Stats

43
Posts
20
Votes
Kimberly Gamez
  • Rental Property Investor
  • Grass Lake, MI
20
Votes |
43
Posts

Extended Stay Hotels vs Apartments

Kimberly Gamez
  • Rental Property Investor
  • Grass Lake, MI
Posted

We have 64 apartment units but have an opportunity to buy a 20 door motel in our town. Most (80%) of their rooms are long term (10+ years) tenants.

Anyone out there convert a motel to apartments?

Should we keep it as a motel since the eviction process is so much easier as a motel?

Any other pros or cons that I may be missing?

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