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Updated almost 3 years ago, 02/14/2022
New Smoky Mountain STR Investor Opportunities
I just started researching the Smoky Mountain area after reading the STR Long term Wealth book and listening to the BP podcast. It seems like a phenomenal market for short term rentals.
For those who currently own and self manage, I am curious what your experience has been like so far. Any surprises? Any recommendations for someone looking to get into the market? Are appraisal gaps needed to land an offer these days? Are Pigeon Forge, Gatlinburg and Sevierville equally desired?
It seems there are a number of sources to estimate revenue. What about resources to estimate expenses, accruals for capEx & maintenance and so on?