Hi - I am looking to purchase a property in the Smoky Mountains area and operate as a short term rental. Certain forums and podcasts I listed to mentioned that pools are a big trend currently though they tend to be in newer developments that do not necessarily have views. Or there are properties with reasonable views but don’t have a pool. Can you shed some light on what’s better for vacation rental overall return? Maybe from a. Cash yield and home price appreciation standpoint?
Most of the properties I am looking at are in pigeon forge area or Sevierville area and not exactly in Gatlinburg. Can you please also provide some insight if that changes occupancy and/or desirability? If I just go by AirDNA, the difference is not much in annual revenues.
Thanks,
Ankur
