And the winner is...smaller cabins!
Saturday, February 05
One of the questions I get asked most often about investing in the Smoky Mountains is, "should I buy a big cabin or a small cabin?" Opinions will always vary on this, but an interesting data point provided by Rocket Mortgage shows that, in Sevier County, 3 bedroom cabins and smaller, appreciated...
WARNING: ROUGH TERRAIN AHEAD
Wednesday, January 19
Almost every day, I am on the phone with a potential STR investor inquiring about a certain property for sale in the Smoky Mountains. It's been a long time now since I have seen one that makes good economic sense. Prices in the region have gone parabolic. Basically straight up. That isn't sus...
Where to invest in 2022!
Tuesday, January 04
Oh my goodness, the ball dropped and it is 2022! I have to confess, I turned in around 10pm, so I wasn't awake to witness all of the celebration. So now that it's a brand new year, where the heck do I invest? The truth is, investments don't operate on a calendar year basis. The Dow Jones Indus...
Rental history: How important is it?
Wednesday, December 22
When evaluating a STR for purchase, you need to ascertain not what the property's rental income history is, but what it's performance will be. Take rental histories with a bit of grain of salt. Yes, a rental history is one data point that is worth asking for, but a specific property's rental hi...
If you are hunting for an STR, your window may be here!
Monday, December 13
Over the last 17 years, most of my STR purchases have occurred in December and January. I have scored good deals in these months. Here is the phenomenon: While January 1 is really just a number on a calendar, it represents a psychological "CTRL+ALT+DEL" for many. New Year's resolutions. Lose w...
IT'S DIFFERENT THIS TIME!
Wednesday, December 01
“It’s different this time!” Many fortunes have been lost under the “it’s different this time” rallying cry. With every bull market – be it commodities, stocks, or real estate, folks start saying “it’s different this time." The traditional rules of valuation are passe. Old fashioned. There's n...