New to Smoky Mountains Investing

[Brad Hughes]

Hey everyone. Under contract my first property in the TN Smokys. Got over the first hurdle. Of the millions of questions I have, the first is about the incumbent PM. I'm early in the process so this may be premature, but whatever, I'm not shy to ask and learn from pros.

I have to stay with the incumbent PM for 60 days. I could share their name, but new to BP and will err on the side of caution. Are there any pitfalls? Should I expect any gotchas? Any general advice or experiences to share dealing with incumbent PMs? Any way to shorten that 60 days? I will be self-managing once I am out of that period. I'll take anything anyone has on the topic.

I'm sure this is a fairly common situation, I just want to be prepared. Thanks!

[Luke Carl]

Originally posted by @Wilson Hunter:

I’m admittedly a newbie, but I’d argue that most bookings from the old school Smoky Mountain PMs (the ones who aren’t Collin) are trash bookings. Your zero-review self-managed Airbnb will do better than the old school PMs in the first month. When my listing went live I booked a few thousand bucks in first 72 hours. I wouldn’t view any 60+ day bookings as an asset to you. If your pricing strategy is correct it probably shouldn’t be booked that far out anyway…

 You have been paying attention