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Updated about 4 years ago on . Most recent reply

User Stats

107
Posts
50
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Mike S
  • Investor
  • Latonia, KY
50
Votes |
107
Posts

Multiple Gatlinburg/PF questions. HOAs, prices

Mike S
  • Investor
  • Latonia, KY
Posted

So we're getting geared up to move our real estate investing to STRs in the GB/PF area. We've visited this area for over 30 years so I'm pretty familiar with the lay of the land. I did have a few questions about some of the details.

I've heard that some HOAs or developments only allow you to rent through their own management company. Is there a list or something so I can eliminate those?

The prices of the area have gone straight up in the last two years. Is there still plenty of money to be made STRing a 650K 3bedroom premium cabin (log cabin build, wood everywhere/minimal sheetrock, hot tub, very nice)? I've read the forums and talked with some people who have cabins there but it seems like they were all there before the spike in prices.

I feel like I've read everything I can, watched all of the Short Term Shop videos, and am ready to pull the trigger but just want to make sure.


Thanks in advance!

Most Popular Reply

User Stats

1,009
Posts
622
Votes
Nancy Bachety
  • Rental Property Investor
  • Sag Harbor, NY
622
Votes |
1,009
Posts
Nancy Bachety
  • Rental Property Investor
  • Sag Harbor, NY
Replied

Welcome to the area. I think you’ve done all the research and found the right realtor who will know if the community requires their management company to manage. But you always want to trust, then validate, no matter what the question is. Google the community, look up their website, call them and ask. Expect to do legwork and you’ll be ready.

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