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Showing posts with the label Smoky Mountain vacation rental property

From "Critter Corner" to "Take Me Away" to $42K Annual Income!

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By the grace of God, I sell well over a hundred properties every year and usually much more than half of these are vacation rental homes. While some buyers choose not to rent out their Smoky Mountain getaway cabin, others do make their Gatlinburg area properties available to guests. In fact, for many owners, it is not a choice, but rather a necessity to generate revenue from their cabin or chalet to help cover the mortgage and other expenses of owning any rental property. While most owners place their properties with a vacation rental property company, a few choose to go it alone. Please note that managing your own property is definitely a lot of work and not for everyone! Among this smaller group, a few owners really stand out and Mike and Angela Weems are certainly at the very top of that list. We have written about their cabin before  and again but it's time for another update. Here is a condensed version of their history owning rental property here in the Smokies: No stranger...

From "Critter Corner" to "Take Me Away" to $42K Annual Income!

Image
By the grace of God, I sell well over a hundred properties every year and usually much more than half of these are vacation rental homes. While some buyers choose not to rent out their Smoky Mountain getaway cabin, others do make their Gatlinburg area properties available to guests. In fact, for many owners, it is not a choice, but rather a necessity to generate revenue from their cabin or chalet to help cover the mortgage and other expenses of owning any rental property. While most owners place their properties with a vacation rental property company, a few choose to go it alone. Please note that managing your own property is definitely a lot of work and not for everyone! Among this smaller group, a few owners really stand out and Mike and Angela Weems are certainly at the very top of that list. We have written about their cabin before  and again but it's time for another update. Here is a condensed version of their history owning rental property here in the Smokies: No stra...

300 Nights a Year Booked for Gatlinburg Cabin?

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While it is too early to be sure, I have a client who just may hit 300 nights booked in 2012. He purchased our Gatlinburg foreclosure listing just last year and immediately wisely spent a considerable amount of money to update the tired and neglected property. He did this by installing a new attractive metal roof, re-staining the exterior, improving the interior, and adding quality furniture. The result is a VERY attractive honeymoon cabin with a grand total investment of well less than $150,000 and almost unheard of rental income. Because the second half of the year is always the better portion for Smoky Mountain vacation rental property rentals, the final numbers could be remarkable indeed. The key components of this remarkable success story are as follows: A great location very convenient to Gatlinburg and Pigeon Forge. A very rentable honeymoon cabin floor plan/layout. A cabin that now has excellent curb appeal due to the professional remodeling. A cabin that now has an inviting i...

300 Nights a Year Booked for Gatlinburg Cabin?

Image
While it is too early to be sure, I have a client who just may hit 300 nights booked in 2012. He purchased our Gatlinburg foreclosure listing just last year and immediately wisely spent a considerable amount of money to update the tired and neglected property. He did this by installing a new attractive metal roof, re-staining the exterior, improving the interior, and adding quality furniture. The result is a VERY attractive honeymoon cabin with a grand total investment of well less than $150,000 and almost unheard of rental income. Because the second half of the year is always the better portion for Smoky Mountain vacation rental property rentals, the final numbers could be remarkable indeed. The key components of this remarkable success story are as follows: A great location very convenient to Gatlinburg and Pigeon Forge. A very rentable honeymoon cabin floor plan/layout. A cabin that now has excellent curb appeal due to the professional remodeling. A cabin that now has an inv...