The Class of 2012, Bloomsburg, Pennsylvania, graduated from the “Better Way to Learn Innkeeping” aspiring innkeeping workshop yesterday. Held at The Inn at Turkey Hill, six attendees spent 3 days at this seminar designed to help those with the innkeeping dream to investigate the path to inn ownership which is often laden with speed bumps, roadblocks […]
Take the Fear Out of Learning Innkeeping Read More »
Have you ever made an important purchasing decision and then gotten cold feet just before everything was signed, sealed and delivered? Hope not, because this act of retreat can be costly. The reason for cold feet usually results from the lack of doing due diligence. In general terms due diligence is defined as ‘a
D is for Due Diligence Read More »
Marilyn and I had the good fortune this past weekend to work with 9 excited aspiring innkeepers at our A Better Way to Learn InnkeepingTM seminar held at the Wayside Inn B&B in Ellicott City, Maryland. What a great group! We laughed and networked with Bill and Charlotte Schmickle of the Flag House in Annapolis but
K is for the 5 Keys to a Strong Business at your Bed and Breakfast Read More »
Just yesterday I received a call from an innkeeper with whom I have had a relationship who was considering selling his inn, a 7 room bed and breakfast inn in a nearby state. Just what we do! Thanks for the call! We opened up a dialog about the inn, its size, its location, discussed the process,
T is for Trust…Especially Between an Inn Seller and Buyer Read More »
In a recent blog post I talked about how important education was in the pursuit of starting a bed and breakfast. My analogy was that taking a seminar as the first step in exploring and learning about the world of hospitality is just like your first steps as a toddler where everything you explore is at a newer
Starting a Bed and Breakfast – Dream vs Reality Read More »
One of the things we at The B&B Team enjoy most in our work is introducing enthusiastic aspiring innkeepers to the myriad aspects of this wonderful lifestyle and business. This past weekend we had a terrific group that came from as far away as Arizona and as close as a couple of miles from Iris Inn
Aspiring Innkeeper Seminar at Iris Inn is a Hit! Read More »
After much anticipation, the 2009 Inns For Sale Study researched by Hilary Jones of Inngenium, LLC was released at the recent Innkeeping Conference and Trade Show hosted by PAII, the Professional Association of Innkeepers International, in Atlanta. The study, now in its fifth year, takes a snapshot of the bed and breakfasts and inns for sale in
2009 Inns For Sale Study Released Read More »
1031 Tax Deferred Exchanges are wonderful when they work, but we've just learned of a financial disaster and believe everyone needs to take note. Simply put, a 1031 Tax Deferred Exchange is a mechanism whereby a real estate investor can roll over the cost basis from one investment property to another and defer paying capital gains taxes
1031 Exchange Warning and Advice Read More »
Any time a new bed & breakfast is in the planning stage, there are inevitably regulatory hurdles to surmount. Often times the neighbors have to approve, or at least not object too vehemently, to secure approval from planners and local elected officials. Over the years many people have asked us about studies that show the
Bed and Breakfasts and Property Values Read More »
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