All Forum Posts by: Nancy Bender

As I am starting to become frustrated with inventory availability of STR's in the Gatlinburg/Pidgeon Forge area, I have turned my sights toward the the Panhandle area for investment. I haven't been, although I will travel there soon hopefully, so I am trying to figure out the area.

Am I better off for investment purposes with a house or a condo? I was thinking of a condo, but after looking at the HOA fees of many of them I am a bit jaded. I was thinking ease of care and oceanview with a condo, but then I noticed many homes don't require much upkeep outdoors.

Between HOA fees and higher taxes down there compared to Tennessee, I can see there is a bigger bite coming out of profits. I have become spoiled looking at returns in Sevier County!

So, where would I find the best returns, in homes or condos? And in what areas?

Thanks! 

Oh wow! Saw that on the news. Definitely not the greatest way to start. In the smokies you will just deal with bears(hopefully!)Buying my second there with Julie very soon too. Best of luck!

Anyone have any experience with BookingAutomation.com? (which is the same as Beds24). They look reasonable in price, have great reviews, and seem to include everything you could possibly want. I am a new investor in the Pigeon Forge/Gatlinburg area, and would like to make a good choice initially with software instead of moving from platform to platform!

Thanks Luke, that makes sense!

@Luke Carl, I love the Profit First concept. Had been using it for my travel agency (until the pandemic hit!). Just bought my first STR in Sevierville and about to buy my second. Do you use the Profit First method for each property? That's like five accounts per property! Or, do you lump it all in five accounts and split it by property within each account somehow? And on this subject, which is the best software to keep track of all transactions? I was thinking Quickbooks but not sure if there isn't something better for STR's. Thanks!

Best of luck! Just bought one there a few days ago myself. Beautiful area!

Thanks! Will do

Congratulations Tyrel! I join you in your journey. I just bought my first one two days ago through the https://theshorttermshop.com. I have just been approved for another. Great place to invest, but still have a lot to learn about the area!

Did anything ever happen with this forum? I would love to see it revived.

You all do have too much time on your hands! All I have read on this post is everyone arguing their views on completely unrelated discussions. I had to read through to Page 5 of this thread to FINALLY get to someone who actually read this book and reported about it. Thank you Charles Sterling for finally answering the question!