Wondering if anyone's sold/run a hostel before - best exchanges, comps, or high-traffic networks?

., net-7 on verified milestones) in exchange for pricing and priority.Test small jobs first; promote trades to your A-list only after on-time, on-budget performance twice.Standardize to reduce wasteCreate repeatable finish schedules (same trim profile, faucet line, paint palette) so crews work faster and leftovers are reusable.Pre-kit jobs: one delivery per room (box includes all hardware, fixtures, and consumables).Contracting disciplineUse fixed-scope, milestone-based contracts with:Progress draws tied to inspections/photosNo deposit or minimal mobilizationLien waivers at each drawDaily liquidated damages for missed deadlines (after grace period)Written change order policy with price + time impact before work proceeds2) Time: Move Faster to Reduce Carry and RiskFront-load planningWalk the property with all key trades before closing; finalize scope, bids, and schedule ahead of day 1.Pull permits early; choose scopes that avoid structural or major MEP reroutes when timelines matter.Sequencing & overlapSchedule parallel workstreams (e.g., exterior/landscaping while interior demo proceeds).Use a Gantt chart (even a simple spreadsheet) to track trade start/finish, dependencies, and buffers.Daily control15-minute stand-up with GC or project lead each morning (photos + punch list).Two inspections/week: one quality, one progress vs. schedule.Keep critical spares on hand (breakers, valves, GFCIs, common trim, extra boxes of flooring).Tech + templatesSimple tools (Google Drive + shared photo folders, or apps like Buildertrend/Jobber) for scope sheets, punch lists, and photo proof.Use QR codes in rooms linking to the finish schedule for fewer “what goes here?”

If you do a traditional cash out, the money is tax free and your tenants are paying it down.If you sell, you can do a 1031 exchange into a new property, but then that doesn't necessarily free up the cash, unless...You take the net proceeds and buy a new property cash.

Would love to connect with others who are active here and exchange insights on what’s working.— Seth

Let’s stay connected—always down to collaborate or exchange market insights!

A 1031 exchange can defer it when you sell.

That depends on the exchange.

Tax tools like depreciation and 1031 exchanges improve after-tax results.

What it is: Live-testing a prototype of a potential product our team has been working on in exchange for a $50 Amazon gift card.How it works: We’ll schedule a one-hour video call, where you’ll go through the prototype, share your honest reactions, and answer some specific questions.If you’re interested and available on either 9/10 (Wednesday), 9/11 (Thursday), or 9/12 (Friday), please start by filling out our quick screener survey here.

Feel free to connect if you’d like to exchange ideas and keep building together