Appraisals have to be done at an "arms length" from the bank, meaning the bank can't influence the value.

Use your funds to convert the 2-bedroom units into 3-bedrooms to boost rental income.

Your success is much more influenced by how well you play in a market, how good your team is, than by picking a marginal better market.

The first year is probably the most crucial year, as you will need to calculate the cost basis in your rental properties, which will influence your depreciation expense on Schedule E.

I will be happy to learn how paid ads is influencing your other business vs how strategic organic growth can help.

Consider collaborating with local influencers or travel bloggers for exposure.Local partnerships: Connect with local businesses, wedding venues, or event planners for potential referrals.Targeted advertising: Use Facebook/Instagram ads to reach potential guests interested in Smoky Mountain getaways.Seasonality strategy: Adjust your pricing and minimum stay requirements based on local events and peak seasons.Long-term rental mix: Consider mixing in some medium-term rentals (1-3 months) during off-peak seasons for more stable income.Have you tried any of these strategies?

Columbus is awesome with all the tech giants boosting growth.

Would it make a nice mid term rental if I need a revenue boost?

Hello everyone,
A family member of mine owns a short-term rental property in Downtown Miami and is looking to increase both occupancy rates and revenue. I’d greatly appreciate any tips, strategies, or insights you mi...

Are you looking for more cash in hand to boost your lifestyle?