Tax Exempt Conversions – The Tax Expert’s Perspective (Mitchell Stump, CPA) June 26, 2025 Many Private Member-Owned Clubs that have not already elected to become Section 501(c)(7) tax-exempt are now asking whether they should […] by Mitch Stump
Renovations, Restorations & Master Plans – Why & When? June 19, 2025 Why do we renovate & restore golf courses? When should we develop and implement master plans? The obvious answers are, […] by Larry Hirsh
Market Value & Conversion of Clubs to Tax Exempt Status June 16, 2025 Private golf and country clubs are often member-owned and operated as “501-C7” tax exempt entities. When developed, many were for-profit […] by Larry Hirsh
The Culture of Golf, Clubs & Consumer Behavior – Jon Last May 27, 2025 My friend Jon Last is smart. Armed with an MBA from Wharton, he took a lifelong interest in sports and […] by Larry Hirsh
Selling Your Golf Course – Use the Right Strategy Selling a golf course property in today’s market environment calls for the development of the strategy best suited to that […] by Larry Hirsh
Golf Maintenance Economics – How do we know? May 2, 2025 It comes as no surprise that maintaining a golf course is expensive, and the cost is increasing. It’s always seemed […] by Larry Hirsh
Giving Back to the Game – A Long Term Investment April 28, 2025 Back in November, 2023 I wrote about my first season experiencing coaching a high school team the game I’ve loved […] by Larry Hirsh
The Tariffs and the Golf Industry – What to make of it April 11, 2025 It’s been said many times that the 3 most important things in real estate are location, location & location. In […] by Larry Hirsh
Is Market Value “what someone’s willing to pay”? April 8, 2025 In more than 40 years in the valuation profession I’d be a rich man if I had a dollar for […] by Larry Hirsh
Great Pre-Masters Listening Many of you are familiar with The Golfer’s Journal (https://www.golfersjournal.com/), a wonderful golf publication with a refreshing and unique perspective […] by Larry Hirsh
Golf’s Sustainability – 5 Years On March 25, 2025 During the past 5+ years, golf has enjoyed a surprising and welcome surge in popularity. Rounds have increased. Private clubs […] by Larry Hirsh
“Cut Smart, Not Stupid” – Spend Smart, Not Stupid March 3, 2025 Whether making budget cuts or investing in improvements at clubs, do it well-informed. by Larry Hirsh
Deferred Maintenance Can Be Your Golf Course’s Friend February 28, 2025 In several recent blog posts, I’ve addressed the treatment and impact on deferred maintenance relating to renovations, capital plans, planning […] by Larry Hirsh
How Private Clubs are Led and Managed February 12, 2025 Last month, our country experienced the unique, quadrennial “peaceful transition of power”. Some of the more controversial nominations for the […] by Larry Hirsh
The Shows (NGCOA, PGA, GCSAA, CMAA) 2025 – What’s New? February 11, 2025 Among the cool things in life is getting to work alongside your kids. While none of my kids work with […] by Larry Hirsh
Golf Course & Club Insurance & Risk Management – Rhett Graham January 29, 2025 Recently, I’ve written in this space about some of the legal risks golf courses and clubs face in the areas […] by Larry Hirsh
Golf Course & Club Renovations – The Principle of Contribution & Substitution January 13, 2025 According to The Appraisal of Real Estate, the principle of contribution states that: “The value of a particular component is […] by Larry Hirsh
How to Avoid Golf Club Closure – Turn Around December 17, 2024 The other day, a friend sent me an article entitled “Best US Golf Courses to close in 2024”. While generally […] by Larry Hirsh
Club Finances – Case in Point December 5, 2024 Less than two months ago, I wrote in this space about club finances and how much information membership has access […] by Larry Hirsh
Market Positioning and Strategy December 4, 2024 Recently, I encountered a most interesting and timely article from Andrew Wood of Legendary Marketing on marketing strategy for the […] by Larry Hirsh
Thanksgiving 2024 – 24 Things I’m Thankful For November 27, 2024 Every year, I try to list at least one more thing I’m thankful for each Thanksgiving. With all that’s going […] by Larry Hirsh
The Economics of Golf Cars – Chet Walsh of Golf Car Specialties November 26, 2024 Chet Walsh is “the man” when it comes to golf carts. As the longtime (32 years) Regional Manager for Golf […] by Larry Hirsh
S W O T Analysis for Golf Courses and Clubs – Common Considerations November 21, 2024 Whether investor or member owned, there’s a never-ending quest for clubs to improve. The goal could be as simple as […] by Larry Hirsh
Religion, Politics and Green Speed October 28, 2024 Most of us are well aware that discussions of religion and politics (especially now) can evolve into sometimes heated debates […] by Larry Hirsh
Educating Golf’s Detractors – It Ain’t Easy October 15, 2024 To those of us that play golf, and even more so to those of us in the golf industry, I […] by Larry Hirsh
Golf, Inc. 2024 – What’s the Pulse? October 4, 2024 Last week, like others in the golf industry I participated in the Golf, Inc. Strategies Summit at Hilton Head Island, […] by Larry Hirsh
Turfgrass, Diseases & Prevention with Steve McDonald September 30, 2024 A self-proclaimed, sometimes “mortician”, Steve McDonald and his firm Turfgrass Disease Solutions, are agronomy professionals offering a variety of consulting […] by Larry Hirsh
A Wave, A Handshake, or A Hug – Defining Characteristics of Golf Culture? September 20, 2024 Having become somewhat occupied (if not obsessed) with the culture of golf and having visited more than my share of […] by Larry Hirsh
Your Club’s Finances – How Much do You Know? Let’s say you’re a member of a private, equity club. You loyally remit your dues and any assessments levied and […] by Larry Hirsh
Golf Property Economics – How are Gross Revenue, EBITDA and NOI calculated? September 4, 2024 Last week, I had conversations with two veteran golf industry friends who’ve bought numerous clubs over the years about how […] by Larry Hirsh
Cathy Harbin – A Golf Industry Leader’s Perspective August 28, 2024 As the current president of The National Golf Course Owners Association (NGCOA) and former board member of the Professional Golfers […] by Larry Hirsh
Golf’s COVID Surge – How Can We Make it Sustainable? August 15, 2024 Earlier this week, I was on an appraisal site visit at a new private club project under construction in the […] by Larry Hirsh
The Scottish Highlands – Golf’s Promised Land August 9, 2024 Last week, along with my son, Jack and good friends Ben Blake and Dick Deutsch, we returned from Scotland after […] by Larry Hirsh
Factors of Value for Golf Properties According to The Appraisal of Real Estate (TARE), there are typically four interdependent economic factors that create value. These include: […] by Larry Hirsh
Who Should run Clubs and What are their Roles? July 18, 2024 Every 4 years, Americans go to the polls to decide who will lead and govern for the next term. As […] by Larry Hirsh
Market Positioning in a Competitive Market July 17, 2024 During the past 4 years, since COVID provided golf with a much needed shot in the arm, many clubs have […] by Larry Hirsh
Is American Golf Prepared for This? July 1, 2024 Over the weekend, Golf.com’s Josh Sens penned a piece (“No water, no problem”) on the site of this year’s US […] by Larry Hirsh
Selecting a Golf Course Architect – Jeff Brauer of ASGCA June 25, 2024 What is involved in selecting a golf course architect? Over the years I’ve observed that this can be a subjective […] by Larry Hirsh
Wannabe a Golf Course Architect? Here’s Your Chance. June 23, 2024 What self-respecting golfer has never, at least imagined being a golf course architect? How many course owners, club green chairmen, […] by Larry Hirsh
The Most Common Complaints at Private Clubs June 19, 2024 Recently, Andrew Wood of Legendary Marketing published an article in Golf Operator Magazine entitled “The 12 Most Common Complaints at […] by Larry Hirsh
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