All Forum Posts by: Collin Hays

That’s a real cabin real logs and a real fireplace. Most of what you find in the Smokies is fake. 
Genuine imitation. 

The environment for investors has become increasingly hostile over the last three years, primarily cash grabs from the booking platforms, counties, municipalities, insurance companies, and even utility companies.

Everyone is making a grab, leaving the investor with less and less.  But the greed monster always ultimately consumes itself, new players emerge, and the game resets, albeit often in a different form.

 It will be once the price gets right.  🤣

I assumed we would start seeing this as the summer peak neared.  I predict the market will be flooded with these types of listings by the end of August, with things getting really ugly as the end of year approaches. 

This home is now an "approved short sale", which means the owner owes more than it is worth, and the bank is willing to allow them to sell it "short" (below what the loan is), and eat the rest.  This sold for $850K in 2022 brand new.

3453 Laurel Ridge Way, Sevierville, TN 37862 [Updated 7/11]

So they are discounting my rent for a guest to use THEIR app?  

I'll give them a 10 percent discount to use MY app, but not their's.  ;)

August continuing to look strong!

What is the insurance market there currently? Can one insure a rental at an affordable price?

For a small portfolio, I would suggest something like vacationrentaldesk.com.  

Was business down?  Yes. Yes it was.  But we ended up in June with occupancy only 2.6% below June 2024.  Yet our average daily rate of $189 was off significantly from the $218 average daily rate in June 2024.  About 15%.

July is shaping up similar.  Total reserved nights are off just a little, but the average daily rate is off about 18 percent.

August is interesting.  Similar reserved nights AND average daily rate from August 2024.