UNGATED LLC’s Post

What are the best markets to covnert hotels into apartments? Naturally, I'm looking for markets that have job growth & population growth since in my model of the world, those are the fundamental drivers of housing demand. However, a hotel to apartment conversion is fundamentally a way to create more affordable (call it "Workforce") housing, so the strategy is most profitable in the places where renters are facing high rents relative to their incomes. Aside from CA (that's for another post), this map shows which markets are best for the HotelSHIFT strategy. I would put major Texas cities, central Florida, Phoenix, and Denver as the top contenders. Those cities also have zoning environments friendly to conversion (in most cases - in my experiecne).

The most important factors tenants consider when selecting a commercial property include cost, location, amenities, customer service, and maintenance. Read more 👉 https://lttr.ai/AUDYo #RetainTenants #CommercialProperty #TenantExperience #ForCREInvestors

Introducing our new segment, Myth Busters 💥! In this series, we tackle some of the biggest concerns and misconceptions in the serviced accommodation industry, bringing the truth to light with plenty of experience to back it up. Myth: Serviced accommodation requires a massive upfront investment in renovations. Busted: Many properties can be adapted with minimal updates, focusing on comfort and amenities that guests value most. Extensive renovations? Not necessary! They say, "What you have is good enough." But we say, "What you have is good enough—with a bit of added spice!🌶️✨" Loving this segment? Drop any questions or concerns you have about entering the serviced accommodation industry in the comments and let us bust that myth! 😉 Don't forget to like this post, share it with someone who might have a concern (or two), and follow us for more updates. Ready for Prim and Proper property management services? Click the link below to schedule a call with us today! Let's get started: https://buff.ly/3XxlrML

𝗦𝘁𝗮𝗴𝗶𝗻𝗴 𝗮𝗻 𝗔𝗽𝗮𝗿𝘁𝗺𝗲𝗻𝘁 - 𝗗𝗼 𝗶𝘁 𝗬𝗼𝘂𝗿𝘀𝗲𝗹𝗳 𝗼𝗿 𝗗𝗲𝗹𝗲𝗴𝗮𝘁𝗲 𝗶𝘁? 🤔 When it comes to setting up apartments, there's no one-size-fits-all. Some people enjoy it, while others find it a bit of a hassle. Honestly, I'm not a fan of staging apartments. I prefer handling the management side of serviced accommodations, so we hire someone else for staging. We used to stage apartments ourselves, but as our business grew, we decided to let someone else take care of it. How about you? Do you do the staging or let someone else handle it? . . . #servicedaccommodations #accommodationmanager #realestateinvesting #propertymanagementlife #staginghomes #realestategoals #realestatetips #outsourcingtasks #teammanagement

Had a great meeting with a client today in Fitzrovia to discuss planning and executing a strategy for converting three floors, totaling around 3,000 sq ft, above his restaurant into residential dwellings. The long-term plan? We’re exploring options for both long-term rentals under ASTs and serviced accommodations. It's always interesting to work with property owners who are conflicted between these two options. This brings up an intriguing question: How does the rise of serviced accommodation impact estate agents who primarily focus on ASTs? Property owners are certainly intrigued by the potential yields of short lets but often hesitate to make the transition. For many, it remains a grey area, with concerns about compliance and a lack of understanding as to what choosing this option means for them. #luxuryrealestate #londonproperty #londonrealestate #propertyindustry #networking #diversity #businessowners #founders #realestate #commercialrealestate #residentialrealestate #realestatedevelopment #propertymanagement #realestateinvesting #realestatenetworking #industryleaders #globalrealestate #propertyconsulting #realestateprofessionals

We are often being asked — why we relocated GDS from Newport Beach, CA to Scottsdale, AZ? Reasons are just too numerous to list… So here they are: Scottsdale - a top location to live and work! The City of Scottsdale is one of Arizona’s 10 largest cities with a population of about 300k. Scottsdale continues to be recognized nationwide as one of the top markets for business performance, job growth, livability and friendly culture. Scottsdale is dedicated to the success of its residents and business community. The city’s progressive leadership has kept taxes low for both families and corporations. With a rich history in tourism, Scottsdale is visited by more than 11 million people annually, generating an economic impact of $3.3 billion. Home to Arizona’s finest shopping and dining, Scottsdale offers ranches, hiking trails, award-winning resorts and acclaimed art galleries. While millions of visitors come to experience the best in art, sports, special events and the natural beauty of the Sonoran Desert, residents stay for so much more. Before becoming a global destination for business, Scottsdale was - and remains - renowned for its exceptional recreational amenities. Professionals from all walks of life have made Scottsdale their home because of the city’s commitment to long-range planning and providing a higher quality of life for its citizens. The city offers a mix of lifestyle options for all income levels and living preferences, such as modern urban living, high-end estates and family neighborhoods. Both large and small businesses enjoy support through networking opportunities, talent attraction initiatives and numerous other programs. Scottsdale is home to more than 15,000 businesses with nearly 25% percent of Arizona corporate headquarters calling the city home. There are more reasons we choose Scottsdale: 1. Location provides low catastrophic risk, and ranks among the top 10 US cities for lowest disaster risk; 2. Higher quality of life with a lower cost of living in comparison to other major urban centers across the country; 3. Close proximity and accessibility to major domestic and international markets via Phoenix Sky Harbor International Airport and Scottsdale Municipal Airport; 4. Scottsdale has the highest financial rating from all three major national bond rating agencies; 5. Home to some of the top performing high schools in the country - Scottsdale is an environmentally conscious community with a long history of open space preservation and financially sustainable municipal operations and facilities. #scottsdale #scottsdaleaz #scottsdalerealestate

Helen Pugh - Author, 5* Stays: Understanding the Short-Term Rental Landscape. Embarking on a journey into the world of short-term rentals requires more than just a keen eye for properties and a knack for hospitality—it demands a seasoned understanding of the industry's nuances. As someone with a career spanning more than two decades in property sales, letting management, auctions, and, notably, short-term rentals, I am thrilled to share my insights in my latest book, "5* Stays: Understanding the Short-Term Rental Landscape." Whether you're a property owner looking to diversify your portfolio or an entrepreneur seeking to capitalise on the thriving short-term rental market, "5* Stays" is designed to be your go-to resource. The book covers everything from understanding the rise of short-term rentals to crafting memorable guest experiences and maximising financial returns. Reach out now if you would like a copy. Helen Pugh - Author, 5* Stays: Understanding the Short-Term Rental Landscape #airbnb #propertymanagement #hosting #hostingsolutions #hostingservices #superhost #5starreviews #shorttermrentals #shorttermaccommodation #superhost

Corporate Housing vs Hotel............Pros & Cons: Pros for Corporate Housing: Space Privacy Cheaper daily rate Pet friendly Amenities Flexibility A feeling of being home while away. Cons: NONE Pros for a hotel stay: Earning points on your credit card Daily cleaning Cons: No privacy Loud noises at 6am when people are leaving their hotel rooms Loud kids roaming the halls during weekend tournaments Having to change rooms every 28 days (if staying more than 30 days) No space No pets (or limited on where you can stay due to having a pet) No sense of that "home away from home" feeling. Did you know that on average, Corporate Housing is cheaper per day than a hotel cost. GLCH can help those that are in need of temporary housing. Whether you are traveling for work, have been displaced from your home due to a home loss, relocating or have employees relocating for a mid-term job assignment. Contact me today and lets discuss how I can help you. https://lnkd.in/dcDrzC2 stay@greatlakescorporatehousing.com

I'm currently working on a hotel conversion project that is next to a major interstate. An investor recently asked me if having a hotel close to an interstate is a net negative. Hotels tend to be close to major highways. Highways can certainly be noisy and make an area feel less residential. However, I think our residents, on net, like it. Consider this: the portion of monthly income that American's spend on their commute to work is the highest it has been since 1980. Lower income Americans spend a much higher percentage of their income on their commute. In fact, communting is typically their biggest expense behind housing. Hotels have highly central locations - reducing commuting costs for our residents. Being close to major thoroughfares is a major ammenity for workforce housing residents. I put together a list of the 10 most important things to look for when evalauting if a hotel is a good candidate for conversion to multifamily. If you're looking to learn about the conversion process DM me.

🔍 Research Insights: Home-Like Environments vs. Hotel Rooms Did you know that home-like environments reduce stress and promote relaxation more effectively than hotel rooms? 📚 According to Cornell University, having a living room to stretch out in after a long day or a kitchen to prepare your favorite meal can make a big difference in your overall well-being. 🏡 Boosting Productivity A study from the University of Minnesota found that people working from home-like settings are 13% more productive than those in hotel environments. Maintaining a routine, focusing better, and accomplishing more—while feeling more at ease and less stressed—is a game-changer for productivity. 💡 Why Choose Hard Hat Housing? Combine these benefits with saving 25-35% on hotel costs, and the switch to Hard Hat Housing is a no-brainer! 🔗 Explore More Check us out on our website: www.hardhathousing.com 📞 Get in Touch Call us to get a quote on an upcoming job! (317)-997-1625 #WellBeing #Productivity #CostSavings #ConstructionHousing #HardHatHousing #WorkSmart #EmployeeWellness