Vacation Property Owners

[Dondi Sanchez]

Hello it’s been years since I’ve been in Bigger Pockets. Since then we have purchased a cabin that was a forclosure we put on nightly rentals In TN and it has been doing AMAZING! Currently we are also under contract to buy a commercial property with two buildings on it. One will be for our business and the second comes with tenants on a 7month lease. We are finding out commercial is a different game than residential. Would live some input. Would also like to find others owners of nightly rentals such as Air BnB properties. Thank you in advance Dondi

[Luke Carl]

I prefer 2 bedroom or smaller but I really have no reason to. 3 4 and 10 bedrooms also rent well it’s just a different vibe. There are more sharks in the water for the smaller cabins because more people can afford 150k vs 350k. With the right management (I self manage) your occupancy should remain around 85%. 

The way I look for a property is more based on location and the way it looks Vs purchase price. 

How much do I think it can rent for per night? Will it stay jam packed? Is the one with the view worth 85k more than the one with no view. These are some of the things I ask myself. Never been wrong so far!