Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Raleigh Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

27
Posts
10
Votes
Julie Pedraza
  • Rental Property Investor
  • Cary, NC
10
Votes |
27
Posts

Blowing Rock / Boone vacation rental investments

Julie Pedraza
  • Rental Property Investor
  • Cary, NC
Posted

Has anyone invested in any vacation rentals in the Boone / Blowing Rock area?  If so, what kind of property have you invested in (condo, cabin, house, etc.) and have you found it to be a good investment?  And have you been able to easily rent it out for most weeks of the year?

We are in the beginning stages of considering an investment there, but interested to hear from others' experiences there.  Thanks!

Most Popular Reply

User Stats

17
Posts
11
Votes
Kevin B.
  • Charlotte, NC
11
Votes |
17
Posts
Kevin B.
  • Charlotte, NC
Replied

Hi -  just found this thread and thought I would chime in.  

I just closed on a mountain cottage in Blowing Rock at the top of Appalachian Ski Mountain.  it is currently in a rental program with a local agency doing about $40k a year or so in gross revenue, but the agency takes roughly 25%.  it was on the higher end ($365k), but with the proximity to downtown Blowing Rock, the ski slopes, and Tweetsie Railroad amusement park, (plus it has an amazing view and 3 bedrooms), I was okay with the larger investment.

My plan was to take it out of it's currently rental program (which produced 46% occupancy total, with 10 months being in high demand), because I feel like them taking 25%+ is ridiculous.  I was going to self-manage via Airbnb/VRBO, etc., but after further consideration am planning to use Evolve who charges 12%.  I know there are downsides to Evolve but with them handling the photos, the listings, the dynamic pricing, and most importantly - the communications with guests and housekeeping, it just makes sense, as I run a full-time business and have a family, so my time is limited.  

The place is booked with the prior agency through the end of Oct., and then I break free and my journey with Evolve will begin.  If anyone is interested in how this all plays out, I will be happy to post some more and report R&E figures, etc.  (The place came furnished but I am doing some redecorating, so will be starting a little in the hole.)  

Loading replies...