Getting Foreclosed and moving into Hotel
#46
Join Date: May 2009
Posts: 297
It feels more like a home and the rates are usually better. Since B&Bs are private outfits you might be able to negotiate a better deal (since you will probably meet the owner is person). You might also be able to talk them into storing some small items for you which a hotel would never do.
Last edited by shiv666; Sep 7, 2009 at 4:05 am Reason: spelling
#47
Join Date: Feb 2008
Location: ATL
Programs: Delta Platinum, SPG Platinum, Marriott Platinum, Hilton Gold, Avis First
Posts: 150
Watching the thread since it opened, but still can't figure out the numbers for no financing. With $600~ spend, even if you save $1000 a month ($1600 is pretty high for Tampa rent, wherever you are staying), if you want to buy a $150K home (low end in FL), that would equal 150 months, or 12.5 years. Way too long of a wait (assuming home prices don't go up, etc.). And at that point in your life I don't know if you'd want a starter home anyway. Of course timing can change if you invest, etc, but it won't be within next 3 years for sure.
#48
Original Poster
Join Date: Jul 2005
Location: MIA
Programs: AAdvantage EXP, HH Diamond, Marriott Plat, Hertz PC, Delta PM, SPG Gold
Posts: 1,031
Update
Wanted to give everyone an update. The foreclosure was pushed back for now yet I took the opportunity to do a 'dry run' of my idea. I've spent 23 of the last 30 days in hotels.
I've stayed in the following chains:
FS Marriotts - best bedding by far, best overall experience, far from car and lacks a feeling of home
TownPlace Suites - worst bedding, least comfortable, but feels like an apartment. Car easily accessible.
Homewood Suites - much better than TownPlace, comfortable bedding, overall a very nice compromise. More like a suite than an apartment.
Hilton Garden Inn - great beds, good locations, provides good breakfast, rooms are nice
Fairfield Inn - yuck, avoid at all costs, overpriced Super 8.
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Positives: Enjoying seeing other places, checking out nightlife and restaurants. Very easy to focus on tasks I need to do with minimal distractions. Don't have to cook.
Negatives: Have not formulated a good bag-packing strategy yet. I can see how this lifestyle becomes tiring after a while. Missing some things I need at home.
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Verdict: Not sure I can do this for a long term basis.
I've stayed in the following chains:
FS Marriotts - best bedding by far, best overall experience, far from car and lacks a feeling of home
TownPlace Suites - worst bedding, least comfortable, but feels like an apartment. Car easily accessible.
Homewood Suites - much better than TownPlace, comfortable bedding, overall a very nice compromise. More like a suite than an apartment.
Hilton Garden Inn - great beds, good locations, provides good breakfast, rooms are nice
Fairfield Inn - yuck, avoid at all costs, overpriced Super 8.
----------
Positives: Enjoying seeing other places, checking out nightlife and restaurants. Very easy to focus on tasks I need to do with minimal distractions. Don't have to cook.
Negatives: Have not formulated a good bag-packing strategy yet. I can see how this lifestyle becomes tiring after a while. Missing some things I need at home.
-----------
Verdict: Not sure I can do this for a long term basis.
#50
Join Date: Apr 2006
Programs: NW Silver
Posts: 15
I might offer another option. In my late 20's I lived in what was to me a very nice apt. My girlfriend at the time was very nice but I wasn't ready to commit further. My dilemma was she wouldn't leave and being the relationship coward I am, I didn't want to go through the whole breakup thing. I decided the best and least painful thing (at least to me) , was to simply let my lease run out an move onto my boat.
At the time, my travel schedule was about 20 days per month. The marina facilities included laundry, pool, sauna, restaurant bar, showers and lockers. It worked out so well that my buddy and I split the cost of storing a 16' Hobie Cat in Marathon, FL for 20.00 per month. So basically I would travel for 4 days go to FL and go sailing for a few days, travel 4-5 more days head back to MI and to the boat for a few days. I really miss the simplicity that life.
I would guess there are plenty of marinas that would fit your bill. And the best part is you most likely don't need a boat. There are plenty of folks around here that would be happy to have someone cover the slip charge in order to avoid out of water storage. Just a thought, no taxes, nice views and generally nice neighbors.
At the time, my travel schedule was about 20 days per month. The marina facilities included laundry, pool, sauna, restaurant bar, showers and lockers. It worked out so well that my buddy and I split the cost of storing a 16' Hobie Cat in Marathon, FL for 20.00 per month. So basically I would travel for 4 days go to FL and go sailing for a few days, travel 4-5 more days head back to MI and to the boat for a few days. I really miss the simplicity that life.
I would guess there are plenty of marinas that would fit your bill. And the best part is you most likely don't need a boat. There are plenty of folks around here that would be happy to have someone cover the slip charge in order to avoid out of water storage. Just a thought, no taxes, nice views and generally nice neighbors.
#51


Join Date: Feb 2005
Programs: Starwood, AA
Posts: 916
I might offer another option. In my late 20's I lived in what was to me a very nice apt. My girlfriend at the time was very nice but I wasn't ready to commit further. My dilemma was she wouldn't leave and being the relationship coward I am, I didn't want to go through the whole breakup thing. I decided the best and least painful thing (at least to me) , was to simply let my lease run out an move onto my boat.
At the time, my travel schedule was about 20 days per month. The marina facilities included laundry, pool, sauna, restaurant bar, showers and lockers. It worked out so well that my buddy and I split the cost of storing a 16' Hobie Cat in Marathon, FL for 20.00 per month. So basically I would travel for 4 days go to FL and go sailing for a few days, travel 4-5 more days head back to MI and to the boat for a few days. I really miss the simplicity that life.
I would guess there are plenty of marinas that would fit your bill. And the best part is you most likely don't need a boat. There are plenty of folks around here that would be happy to have someone cover the slip charge in order to avoid out of water storage. Just a thought, no taxes, nice views and generally nice neighbors.
At the time, my travel schedule was about 20 days per month. The marina facilities included laundry, pool, sauna, restaurant bar, showers and lockers. It worked out so well that my buddy and I split the cost of storing a 16' Hobie Cat in Marathon, FL for 20.00 per month. So basically I would travel for 4 days go to FL and go sailing for a few days, travel 4-5 more days head back to MI and to the boat for a few days. I really miss the simplicity that life.
I would guess there are plenty of marinas that would fit your bill. And the best part is you most likely don't need a boat. There are plenty of folks around here that would be happy to have someone cover the slip charge in order to avoid out of water storage. Just a thought, no taxes, nice views and generally nice neighbors.
#52
Join Date: Apr 2006
Programs: NW Silver
Posts: 15
I would start by checking out different marinas. Generally, most have a message board listing various boat services available such as cleaning, maintains and such. I would post a message stating your offer to pay for dockage in exchange for staying on their boat for a number of days a month. Also scope out where boats are stored if not at the marina proper. I find boat owners are a talkative lot and by and large nice. I would simply ask around. Right now is a terrible time to sell a boat, faced with a tough economy and the cost associated with boat ownership, this could a a win-win situation. My ideal boat would be cruiser 45' to 50' between 15 and 30 years old. You would expect to have 1 to 2 staterooms a good sized galley and a salon.
Based on the fact you are willing to live in a hotel, your "footprint" will be tiny and good sized locker at the clubhouse in addition to your space on the boat should be more than adequate.
Based on the fact you are willing to live in a hotel, your "footprint" will be tiny and good sized locker at the clubhouse in addition to your space on the boat should be more than adequate.
#53
Original Poster
Join Date: Jul 2005
Location: MIA
Programs: AAdvantage EXP, HH Diamond, Marriott Plat, Hertz PC, Delta PM, SPG Gold
Posts: 1,031
UPDATE: Now living in hotel
Well folks, it has happened. I lost the unit and I've been living in a hotel the past two weeks. Luckily I landed a project that covers at least 23 nights of each month in Marriott full service properties for the rest of the year. So far the only pain has been having things "at home" (aka storage) when I could use them at my current site (across the country).
My current goal is to stick this plan out for the rest of the year and see how it goes. Between a combination of hotels, camping (which I enjoy), and staying with friends, I'll always have a place to stay. Ironically, I've taken a liking to sleeping in my truck too.
My current goal is to stick this plan out for the rest of the year and see how it goes. Between a combination of hotels, camping (which I enjoy), and staying with friends, I'll always have a place to stay. Ironically, I've taken a liking to sleeping in my truck too.
#54
Suspended
Join Date: Apr 2009
Programs: AAdvantage Gold
Posts: 1,614
IMO, the novelty of living in a hotel will probably wear off in a week or so. Hotels aren't permanent residences. Homes are. I'm sure I'd get sick of the same 5 star hotel after a week. I stayed at a pretty nice 5 star hotel in China last summer for a week, couldn't wait to leave after 7 days.
#55
Join Date: May 2008
Programs: EY-Gold LH-SEN AA-Gold HHonors-Gold National-ES
Posts: 1,519
IMO, the novelty of living in a hotel will probably wear off in a week or so. Hotels aren't permanent residences. Homes are. I'm sure I'd get sick of the same 5 star hotel after a week. I stayed at a pretty nice 5 star hotel in China last summer for a week, couldn't wait to leave after 7 days.
I spent the first two months in a 5ish star hotel. I hated it after the novelty wore off after the first week. I then moved to a Homewood Suites for the next 5 or so months and I loved it.
#56
Original Poster
Join Date: Jul 2005
Location: MIA
Programs: AAdvantage EXP, HH Diamond, Marriott Plat, Hertz PC, Delta PM, SPG Gold
Posts: 1,031
IMO, the novelty of living in a hotel will probably wear off in a week or so. Hotels aren't permanent residences. Homes are. I'm sure I'd get sick of the same 5 star hotel after a week. I stayed at a pretty nice 5 star hotel in China last summer for a week, couldn't wait to leave after 7 days.
#57


Join Date: May 2009
Location: EUG
Programs: AS MVP, AA MM, HH Diamond, MR Gold
Posts: 8,524
It's certainly a new experience. I often envied those old dowagers who would have a permanent suite in really fabulous hotels in New York (for example)..."ah yes, just send my correspondence to The Plaza".
#58
Suspended
Join Date: Jan 2010
Location: Calgary, Alberta
Programs: Hyatt Diamond, Fairmont Platinum, Aeroplan Diamond, HHonors Gold, SPG Gold
Posts: 18,686
Did you try looking for another place to immediately move into.. sounds like if you move out early, although you are bound by the lease, the circumstances would demonstrate a distress situation, so I would move out prior to the lease expiry so that you aren't caught in a lockout foreclosure overnight. Our family owns property and deals with foreclosures on a regular basis.. Even if you had to forfeit part of your deposit, paying rent to a delinquent landlord, and them pocketing it while going to foreclosure is a difficult situation to be in.
I wouldn't pay my rent for the last month in the place.. just forfeit your 1 month damage deposit and move on. Just my IMO.
I wouldn't pay my rent for the last month in the place.. just forfeit your 1 month damage deposit and move on. Just my IMO.
#59
Join Date: Nov 2007
Location: YYZ
Programs: AC, UA
Posts: 221
The novelty has already worn off, but it's the best situation for me at the current time. Do I like this idea? Not really. It will take me another 2-3 months to figure if I'm really saving any money or not. The worst part to date is knowing that I don't have a "home" to return to when I'm tired of hopping around.
I was the only truly single guy and the only guy who liked it. It was a hardship for the guys with kids especially. At least two guys had their wives start affairs while they were away part time. Both ended in divorce. At the first chance to end this ordeal, all these guys got out.
I, like you, ditched the apartment. I was the only one. I saved a tonne of money. At the end of that year, I was never richer. I had no travel, accomodation or food expenses. I was getting overtime also. None of those other guys could sell their homes due to the temporary nature of the assignment, so they were losing out.
We could all have stayed in 5 star hotels as long as we checked out on weekends or when not at the job site. Or, you could have 7 days a week at a Rodeway Inn or its equivalent. By month 3, all of us were out of the weekly check out routine. Guys were sick of restaurant food and just wanted a fridge and a small kitchen so they could cook for themselves. They were tired of moving their stuff around twice a week. Being shift workers, getting cleaning staff waking you up after a night shift constantly was too annoying. I think after a while, you just crave stability and for other reasons, we were not in a stable situation. One enterprising guy, got our employer to agree to cut him a check for a trailer and pay for his campground fees. When he was done with that job, he walked away with a brand new, paid for trailer. (Since he was one of the guys who got divorced, it was the only thing he had left after the divorce. He lost his kid, his wife, his bank account and his house.)
I have to admit though, what made this a great situation for me, is that I crashed at my parent's place every week. I socialized with all my old friends and family. They provided the stability and cohesion to make this a great year. Going from 265 nights a year to 365 nights a year in a hotel room is an amazing test of endurance.
To the OP, once you find your preferred habitation, please make sure you are a member of that chain's loyalty rewards program. Whenever this situation ends, make sure you walk away their highest set of privileges and a massive number of free nights to be used elsewhere.
#60



Join Date: Apr 2002
Location: Atlanta Metro
Programs: Skymiles Gold, Aeroplan, AAdvantage, Hhonors Gold, IH Platinum, Bonvoy Gold, Hyatt Discoverist
Posts: 2,695
About 10 years ago, during the early days of Priceline when bonus money was abundant, a guy in San Francisco did this simply because it was WAY cheaper than renting or owning in San Francisco. The local news there did a story about him. He would typically make a series of bids and end up in the Hyatt Regency San Francisco for 6 weeks at a time for like $40/night or something. At that time Hyatt was still giving GP points for Priceline, so he was Platinum and the hotel kept him on the Regency Club floor. A sweet deal.
Airports typically have the best Priceline deals, so you could really do this as you describe, and save lots of money, especially if you're in an expensive area.
Airports typically have the best Priceline deals, so you could really do this as you describe, and save lots of money, especially if you're in an expensive area.





