Chapter 5

Renovate more, or keep cash: which is riskier?

Sửa thêm phòng hay giữ tiền mặt: cái nào liều hơn?

The chapter's question

Where should the next hundred million go?

Big idea

Renovating rooms and expanding are multi-year decisions, while cash flow moves by season.

In this chapter

  1. Part 5.1

    Rooms or Marketing

    Which option brings in more room nights?

  2. Part 5.2

    Is Another Room Worth It

    How many nights does a new room need to pay for itself?

  3. Part 5.3

    Repaying From What

    Which season funds the monthly repayment?

  4. Part 5.4

    Signs You're Not Ready

    Which number tells me to wait?

The reading for this chapter is inside Conan School

This chapter has 4 readings, with case stories and exercises. Chapter 1 of A Property's Money is free to read right here.

Read in Conan School

Chapters of A Property's Money

  1. 1.Does a higher room rate mean more profit?
  2. 2.Without an accountant, do I need numbers at all?
  3. 3.Did peak season earn enough, or just feel like it?
  4. 4.Can I separate my business money from household money?
  5. 5.Renovate more, or keep cash: which is riskier?