Looking to buy a Smoky Mountain (TN) AibBNB

[Jeremy Tallman]

Hello everyone - we're starting to look for a mountain cabin to use as both a vacation home and a STR. Would love to discuss some strategy here with anyone who has experience in this area. Thanks in advance!

[Cory King]

@Jeremy Tallman Hi! Happy to share some insight into this as I live and work nearby to this market. Bookings are down a fuzz when compared in a year over year context. I can't say the area is oversaturated when we receive nearly 11-14 million visitors annually through here. It's the most visited national park by a massive margin, seriously not even close. Those that bought at the peak of the market and based purchases on those 1-2 years of data might be hurting, especially if they're mis managed. Smaller cabins 1 bedroom style do well in that it's typically last minute bookings by couples so things can stay consistently busy, conversely the big ones 5 bed plus with movie theaters, pools... tend to book further out as the cabin itself is the destination for families and large gatherings. You have to stand out. Be different. The dated lincoln log cabin w/ bear decorations w/ no view gets lost in the ether. We just did a deep dive on this at our local investor meetup. Search GRID Knoxville in youtube and check out the recording.