Have you considered the unique investment potential of small mom-and-pop hotels and the revenue boosts from improved operations?

Jonathan Twombly, a multifamily real estate expert, delves into his shift from law to real estate, emphasizing the untapped potential of independent hotels. He discusses the emerging trend of hotel-to-multifamily conversions and the importance of hands-on management. Drawing from his experiences, he underscores the value of building a solid investor list and offers listeners a detailed guide on multifamily deal syndication.

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[00:00 - 11:45] Jonathan Twombly's Investment Journey

• Jonathan Wombley of Two Bridges Asset Management joins to discuss his contrarian investment view and playing in the mom-and-pop hotel space

• Jonathan founded Two Bridges in 2013, building a portfolio in the Carolinas, which he sold in 2019, foreseeing market challenges

• New real estate operators should weigh risks and not just chase numbers; evaluating properties beyond mere financials is crucial

• Twombly's focus has shifted to the independent hotel sector

[11:46 - 21:14] Strategic Dive into Modern Hospitality

• Jonathan stumbled upon a neglected hotel in upstate New York, seeing potential in its prime location

• He identified a trend: older hotel owners not maximizing their assets or utilizing modern technology

• Initial marketing efforts alone increased revenues by 20%

• Post-renovation, the hotel could command much higher rates

[21:15 - 31:34] Innovative Financing and Tech Approach

• Jonathan targets unique non-branded hotels for travelers desiring distinct experiences

• Hotel management costs fluctuate with occupancy; technology benefits independent hotels

• Traditional bank financing is limited for hotels; Jonathan eyes seller financing and fund-raising

• The financial landscape hints at the difficulty of small loans and the benefits of a cash acquisition fund

[31:35 - 40:17] Unlocking the Power of Connections and Value Recognition

• Jonathan excels in connecting individuals and has a vast reach within his network

• Jonathan stressed the importance of diversifying investor sources after facing a significant setback

• He introduced his "Ultimate Checklist" for those interested in multifamily deal syndication

Resources Mentioned:

The Ultimate Checklist to Buying Your First 100+ Unit Multifamily Property with Other People's Money - And Getting Paid to Do It! https://www.apartmentinvestorsclub.com/checklist/

Quotes:

"You're never going to get chastised for taking chips off the table and posting a profit. Especially if you're a young operator, take that quick win and don't try to time it just right." - Jonathan Twombly

"I remember very distinctly having this moment where I was trying to convince somebody to hire me for a job that I don't want. And I realized the answer was no." - Jonathan Twombly

Connect with Jonathan through

Linkedin or

Go to his website: http://www.twobridgesmgmt.com

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Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life, and maximize wealth! Click here to find out more about the host, Chad Sutton.

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