Smoky Mountains Rental Properties

[Jake Morin]

Good Morning All,

My partners and I are considering investing in a vacation rental in the Smoky Mountains in Tennessee (Gatlinburg, Pigeon Fork, Cosby area). From the research I’ve done, I’ve seen an average occupancy rate of 54% and a 9.5% vacation rental tax in Gatlinburg, is that reasonable? Is there a specific website that works best for looking at properties in the area? (I’ve looked at Zillow and several local property websites). Finally, what kinds of rate of return and cash flow are normal for the area? Thank you all so much for the help!

[Shauna Mooney]

Jake- did you listen to last weeks podcast #364? Avery Carl was the guest and she shared some great info on the Smokies.