Redesigning your Domain is important. Better is better and every year or so you learn new and different ways to make your site not only look better, navigate easier, give your visitors a friendly and appealing new look. Obviously you want it to not only have a professional appearance but to be search engine friendly. A professional web designer who knows seo is your best bet and will improve and move your web site to a higher position in the search engines. Obviously Google is in the strong ranking as well as Yahoo and MSN.
Rates are low but may not be for much longer… Interest rates seem to have hit bottom, but many experts express concern over the future of our economy and the impact market conditions will have on long-term interest rates. Innkeepers wishing to reorganize debt, make capital improvements or refinance a loan that is ballooning or adjusting would be well advised to begin the application process in the early part of 2010.
The beautiful state of Arkansas and those who call it home with it’s Southern hospitality and offering business opportunities is something to look into. It is a four season state and just a day’s drive from from the Gulf Coast. Fishing, golfing are just a few of the fun things to do. Theater and art are highly respected here and available. Arkansas has lower housing, taxes, utilities and cost of living than most states. Traffic here is rarely a problem. Health care facilities such as the University of Arkansas Medical Science is rated one of the best in the country. Purchasing a home or business here is said to be something to seriously consider.
Continue reading Owning a Bed and Breakfast Inn in Arkansas
ReservEase.com is a new online reservation system exclusively developed for small hotel owners that allows your customers to pre-book rooms in advance. Unlike other online reservation solutions, ReservEase provides FREE and LOW COST online reservation solutions and Property Management Solutions. There is no set-fees, no alterations to your web site, and the system is web based and VERY easy to use. For Small Hotels, B and B’s, Vacation Rentals that do not have a web site… ReservEase will offer a FREE on page web site to get you started.
A few times a month I get a phone call or email asking me “should I promote my bed and breakfast on social networks?” My usual response is “Short answer yes with a but, long answer no with an if.” This semi joking response aside my answer is pretty correct. Using social networks can be an useful tool in driving traffic to your site or more specifically for inn owners, leads for bookings but you have to understand how and why they work.
Well, you have finally decided alone or hopefully with your partner or closest trusted friend or business manager to sell your Bed and Breakfast Inn. The first thing you have to do after the decision has been made is to take a deep breath think a little about how you got into this business the good days and the bad one and then step back and say out loud to you yourself “this is no longer my home or business and I will no longer look up on it as such but will maintain it at it best and prepare it to the liking of the general public without any of my own personal objects in the way.
I will sit down and decide where to start and how much to spend on.
Tips on Buying and Bed and Breakfast
Now is the time to invest in an existing Bed and Breakfast/Inn or small boutique hotel. The price of a Bed and Breakfast Inn has dropped drastically because of the economic situation but this is not always a bad situation for those who can invest in these great historical or newly built properties. Mortgage modifications and term extensions from the Treasury are doing their best to provide less expensive mortgage financing and are cutting interest rates to make monthly mortgage payments more affordable. B&B/Inn owners who will pay lower monthly payments will be more likely to to have money to meet their B&B/Inn payment, which will then increase the value of the bonds that are secured by these mortgages. Affordable and predictable monthly payments are what everyone is looking for as an investment and a Bed and Breakfast Inn is an opportunity to not only invest but see a return in years to come. You may or may not want to be the Innkeeper as well but this is income property.