Hotel,Motel,for,Sale,Owner,you business, insurance Hotel Motel for Sale by Owner
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If you are an owner and wish to sale your hotel or motel you have indeed a great opportunity to gain some good profit on yourinvestment. However, the enhancement of the price should be always doneethically. There are a good number of underhand tricks that people play toraise the evaluation of the property and you should definitely not be one ofthose. In case you are the one who is buying the property from theowner, be sure you know about all such cut-the-corner methods of increasingevaluation so you could avoid overpayment. For example, cutting down on repairs and heating of the place canincrease the per-day income by as much as $100-150 and this computed to ayearly amount can be astronomical. If the evaluation is based on this, you willend up paying a highly inflated amount just for nothing. Understand the minimum basics of property evaluation beforeyou go into the nitty-gritty of the deal. Let us see how they calculate thevaluation. This is usually started with the capitalization rate, which iscommonly known as cap rate. Supposing the overall return on the assets builtcomes at about eight percent, and then the cap rate is 0.08. After the debt isdeducted, the net income would be divided by this cap rate to arrive at thevalue of the property. There are many ways that would enhance the value of theproperty in correct and legal ways. Unfortunately, for every right way to do sothere are ten fraudulent ways and you should be aware of most of these if youare planning to look for a hotel motel sale by owner. Get a building inspector look the property over and see if there are any major flaws that could be costly later on plumbing, electrical wiring, heating system, etc that might be camouflaged superficiallyDiscount the income of the vending machines from the cap rate this is usually a grey area and would not give you an accurate estimateCheck whether the regular repairs and maintenance have been accounted for. Often by keeping these expenses off the books or totally doing without them would cut costs to a large extent and show a much higher profit and hence the evaluation would be wrongly inflated. If you find that repairs figures are not there in the books for the last 6-12 months then ask about itLook at the expenses in the previous years and compare it carefully to the present year and it will be easy to see if any of the figures have been doctored With a little care and investigation, you will be able tojudge accurately the cost of the hotel or motel that is up for sale and closea great deal.
Hotel,Motel,for,Sale,Owner,you