The hotel industry is starting to rebound from the effects of the pandemic. In this episode, Mike Stohler of Gateway Private Equity Group talks about the pros and cons of investing in hotels. Mike also shares the differences between hotel and multifamily investing.
Mike starts off by discussing the four differences between a hotel and a multifamily. These are flexibility on rent every day with hotels, renters change every day, the hotel is both real estate and a business, and easier turnover. He then talks about being patient, the advantages of having virtual assistants, and why it is important to go out there and be involved in charities. Click the play button now!
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