Friday, January 9, 2026

Clarification

I guess first I should clean up some stuff. When I previously posted I was going to put the north side of the property up for sale, primarily to get the mortgage payment down, or eliminated, and along with that reduce expenses, which would insure the long term future of the south side of the property which is the lodge. The reactions have been all over the board. I have two serious proposals but they both want to own the whole place and that makes sense. Example being their are seven bedrooms in the lodge. I have one, Teresa has one, we have one that other folks that work here occasionally live in on the rare occasions when we need help or we use it as overflow should I make a booking error and overbook. Hasn't happened so far. This is my friend waiting to go hiking. He sleeps on a bed on my desk.
Teresa's room and my room are what it takes to run a 145 acre property and eight rentals. If you bought just the north side who is going to run it and do maintenance and cleaning. If you leave one of the four units open for staff you've eliminated 25% of your potential rentals. Could easily make a deal with Teresa and I to run and maintain it but it's easier if you have eight rentals. Over here at the lodge I use to rent out the 7th room and we had two bunk beds in it. That made too many people at the lodge in my opinion. I've also gotten a decent amount of inquiries to how little can someone buy. I don't want to change the lot sizes. It's expensive and time consuming so my thought process is just the north side and that's in the $3.2 range. However nobody wants just the north side so far, they want the whole place and it makes more sense unless you're going to add more rentals to the north side. My friend still waiting.
I've had some people want to book before it changes hands and while I'm appreciative I don't plan to sell the whole place but the offers have been quite a bit. I thought I'd keep this side, the two courses, one weekend a year for the north side disc tourney and access to the boat ramp and gravel pit. The offers have said if I sell the whole place I can stay and they would be very flexible on my terms. I don't plan to sell the place in whole. If I can find additional revenue sources and ways to reduce expenses all of it becomes irrelevant.

No comments: