STR in Bryson City, NC

[Lindsay Z.]

Hi BP Community, 

I have a few long-term rental units, but am thinking about transitioning into the more lucrative space of STR. I am looking in the Bryson City, NC area as it has a lot of outdoor adventure opportunities, and seems to be a more reasonable price point than some of the other towns around the Smokies. Would love to get feedback on if this is a good area to invest in and what the STR market is looking like. Thanks!

[Mitch Davidson]

Hi @Lindsay Z. I just closed on a cabin in BC myself. We've been camping there for 10 or so years now. It's a really great, small town, not too terribly far from some other great small towns, and ripe with outdoor type opportunities. Regarding downsides, or perhaps good barriers to entry, saturation is pretty strong, good help is quite hard to come by, inventory has been hovering around 25 or so homes for a while (most of which are not STR material), and much of the recent cabin listings have been grossly overpriced. These factors didn't keep me from buying though, while watching some other small markets in the region where average nightly rents were sometimes higher.

Happy to discuss further if you want to setup a call.