Michael Bowie
3.1K posts
Michael Bowie
@TheMotelMan
Making Motels Great Again. 251 keys (116 are 100% owned, 112 are 50% owned, 24 units 25% owned). Love to sail. ⛵️
Knoxville, TN Katılım Kasım 2011
554 Takip Edilen2.9K Takipçiler
@Rushi_N_Patel Not a fan of PMS forcing you to use their payment processing. I just had a demo with them today, and they said they're starting to be flexible on it. So, maybe call them up and ask.
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@TheMotelMan Great content. We switched to cloudbeds recently for a property. They said we have to go through their payment processing / stripe though
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@ReamSterling Kling 3.0 model on Atlas cloud. I think I used chatGPT or Claude for the prompt.
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I just made a marketing video for $3.06 in 5 minutes using AI.
The people who say “AI is overhyped” or “not there yet” are about to get out-marketed.
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The vendor pricing data hotel owners actually share with each other, but never post publicly.
Until now.
Michael Bowie@TheMotelMan
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@TheMotelMan @Jyates5 The bank doesn’t stop anyone who is qualified to self insure from self insuring. That’s the whole point
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@skylarromines @Jyates5 This sign works in theory, but in practice that “access” is fought.
And “nothing is stopping you”… actually, the bank is stopping you.
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@Jyates5 Points to sign
Skylar Romines@skylarromines
Remember: insurance is still just access to capital at a reduced rate on a contingent basis. If you truly believe you are overpaying, nothing is stopping you from weighing options to transfer insured risk to balance sheet risk. Captive feasibility study is a good place to start for many. Vast majority who go through this exercise & actually look at the dollars involved end up back at insurance from first principles.
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Here I am running motels when people are betting on the winners of pre-recorded reality TV shows making an easy 20-30% ROI.
Since insider trading isn’t illegal on these shows, the winners are already at 80%+ and all the other candidates are at 1% before the first episode airs, lol.
Can someone make a 3x leverage reality TV show betting fund? 😂
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@SMB_Attorney Genuinely curious: Since you have the right to represent yourself, what's the difference between using AI and reading a law book?
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I'm taking a lot of heat, but even AI agrees with me that liability will prevent AI from taking highly regulated jobs like law and medicine…
Grok@grok
You're right on the liability angle. AI companies can't absorb the risk of real-world legal screw-ups without disclaimers that limit them to generic info or basic templates. State bars enforce unauthorized practice rules hard against unregulated bots. Inside firms, AI tools supercharge output—more deals, cases, analysis per lawyer. Efficiency rises, basic services get cheaper, low-end players fade, but skilled pros thrive and scale. Not replacement, augmentation.
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171 sign-ups as of last night
Honestly kind of insulted :)
Moses Kagan@moseskagan
The Crown Jewel Regular readers know that we created our original due diligence checklist in ~'14, on the advice of an experienced real estate investor who became our largest 3rd party property management client. (What's a "due diligence checklist"? It's a long list of items to review prior to committing irrevocably to buying a building.) During the intervening years, as we have renovated >100 buildings in LA, every time we have made a mistake or come close, we have added to our list. I regard this our DD checklist as the Crown Jewel of our business, because it is the distillation of much of what we have learned across all those deals. Until now, I have been unwilling to share the checklist (except with @reseedpartners' operators). However, in part due to changes in the algo on here, have recently decided that adding more email addresses to my list is worth more to us than keeping the checklist secret from our local competitors. Therefore, next week, I will be sending a link to a modified version of the checklist to my newsletter subscribers, along with a discussion of how we use it (plus all the other odds and ends that come in my ~monthly newsletter: what I've been reading, interesting LA deals, etc.). If you would like to receive a copy, please join the mailing list at moseskagan.com
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@SMB_Attorney You didn't factor in open source. You can download uncensored models and run them locally.
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You guys don’t get it yet.
Everyone keeps saying AI is going to replace lawyers.
I don’t think people understand how this actually plays out.
Let’s say you use AI to draft a contract.
The contract misses something important. A year later it costs you two million dollars.
What do you do?
Right now, you sue your lawyer.
In the AI world, you’d sue the AI company.
Two things can happen.
Option 1: The AI company has liability for legal advice.
If that’s the case, every AI company will immediately stop letting consumers use AI for real legal work. The liability risk is massive.
Option 2: The AI company has no liability because of disclaimers.
If that happens, every state bar in the country will say consumers are being exposed to unregulated legal advice and call it the unauthorized practice of law.
And they’ll shut it down that way.
Either path leads to the same outcome.
Consumer AI will be limited to generic “Wikipedia-style” legal information and LegalZoom level document prep.
But the real AI tools?
Those will live inside law firms.
Lawyers will use them to move faster, analyze more data, and run way more matters at once.
The M&A lawyer doing 5 deals at a time will do 50.
Trial lawyers will run far more cases simultaneously.
The idea that AI replaces lawyers probably dies.
The more likely outcome is that AI supercharges the best lawyers and makes the profession even more profitable than ever.
Wall Street Mav@WallStreetMav
BREAKING: Lawyers are trying to protect their jobs from Ai. A proposed New York law would ban AI from answering questions related to medicine, law, dentistry, nursing, psychology, social work, engineering, & more. It is being pushed by the lawyer lobbyists, they included other groups to get more support.
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@Kevinkrone @DruinBenny If you can’t set up OpenClaw in 10 mins, I wouldn’t be selling AI services 😅
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@TheMotelMan @DruinBenny Praying for you
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I repeat, whomever said openclaw is a 10 minute install is a liar. Especially if you want to know any of the security measures
R3birth@R3birth
Almost 7 days ago I started building an AI agent system from scratch. No coding background. Just stubbornness and a Mac mini. Tried multiple AI platforms. Broke things constantly. Rebuilt from zero more than once. Tested integrations that didn't work. Deleted entire projects and started over. Landed on a stack that finally clicks. 80% Claude Code, 10% ChatGPT, 10% OpenClaw. Each one has a role. None of them could do it alone. Today I ran a full state backup of the entire system. Tomorrow I start handing the keys over and integrating much deeper into OpenClaw for autonomous operation. People make this sound easy. It's not. The tutorials skip the parts where nothing works for three hours and you're staring at error logs at 2am wondering what you're doing wrong. But the journey is genuinely worth it. When I talked with @tolibear_ about this I told him I'm addicted. He said it's the best video game ever. As a gamer I agreed wholeheartedly. Still have more to build out. But the next phase after deeper integration is focused on community. Building something that helps others do what I'm doing without starting from absolute zero like I did. Can't wait to keep pushing on this and eventually have something to share publicly. This has been one of the most fun things I've done in a very long time.
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Ok. Who can help me set up an Open Claw bot? I’m ready. Need a producer for my podcast that me and my co host can talk to.
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The only bull case I can think of is that the government pulls a Covid level injection of money into businesses again specifically for payroll, causes inflation again, and we finally get another pop.
This may actually be likely because humans vote, not robots. Politicians will want to get votes.
People keep saying “AI’s not there yet”, but they’re not realizing the slope we’re on. It’s almost every week now there is groundbreaking new progress. These current “issues” are going to get solved quicker than we think.
For example, AI images used to suck at text, now it’s almost perfect. Over and over the “sucky” part of different AIs of yesterday are now getting fixed and almost flawless. OpenClaw seems glitchy now, but that 24/7 agent with great memory is right around the corner.
At that point, what is the job that is created that the agent can’t do, too?
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@TheMotelMan You’re way ahead of the curve. Most younger owner operators are thinking ahead. Mid range age group hasn’t come this far yet and haven’t heard anything from institutional, but the backing off of acquisition of hotel assets in recent years speaks volumes
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Two topics from hotel owners this week in our conversations:
- Which companies will pull a Jack Dorsey in next 3 yrs, & do we rely on any for major revenue?
- How fast can we convert this property to subsidized housing?
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@CostaKapo @thevraa I love how I called Replit a fax machine, and then you dropped a handful of legit apps you built lol. It’s crazy how far it’s come.
Now I need to set up an OpenClaw for you :)
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@thevraa Yes @TheMotelMan got me on Claude Code but right now I am just superior at prompting replit for the time being
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Because Hyundai & Kia have been on a binge to reject warranty work because of their crappy engines we have been getting more requests for service records. In addition to making a digital glovebox using Replit we have been able to create a receipt request portal. receipt.costaoils.com
Traditionally to hire someone to make something like this tied to the POS wouldve cost several thousand if not tens of thousands of dollars.
Using Replit we have been able to create modules, and software that improve our customer experience and employee experience without having to be a massive oil company.
I know Square layoffs are on the top of everyones mind right now, but the value creation this unlocks downstream of tech is going to be massive as well.
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