Wanting to get into short term rentals

[Joe Miano]

Hello everyone. My name is Joe. I’m wanting to get into short term rentals but I feel that right now the prices are too high. Am I wrong? I’m looking in the Smoky Mountains area: Gatlinburg and Pigeon Forge TN, even Bryson City NC and Maggie Valley NC.  After everything that’s happened over the past year with the pandemic, I really feel short term rentals is the way to go in the next couple years. Obviously we’re in a big sellers market right now so should I wait for prices to settle down or just bite the bullet and jump in? I’m nervous at buying at the top of the market. Any advice, thoughts etc? Thanks!

[John Underwood]

I don't see the prices in these peak rental markets going anywhere but up.

Run the numbers, if it makes sense then pull the trigger and don't look back.