Gatlinburg Real Estate Blog

With the national real estate market still sputtering, many owners are unfortunately unable to sell their property for what they own.  Mortgages above market value create upside down owners who are stuck with homes they can't afford to sell.  The same is sadly true here in the Smoky Mountains of East Tennessee.  Many of these owners are resorting to renting their Gatlinburg area real estate properties to be able to continue to make the payments.  Because rents are still more than mortgages in most instances, this can work but inexperienced landlords are very much at risk as they try to learn the ropes.  Here is my quick primer for first time landlords (based on many years of renting property and some very painful lessons learned early on): The best renter is not often the person who will pay the most in monthly rent.  The best renter is the person who will treat your property with respect, pay on time, and generate a minimum of complaints. Remember tha...

With the national real estate market still sputtering, many owners are unfortunately unable to sell their property for what they own.  Mortgages above market value create upside down owners who are stuck with homes they can't afford to sell.  The same is sadly true here in the Smoky Mountains of East Tennessee.  Many of these owners are resorting to renting their Gatlinburg area real estate properties to be able to continue to make the payments.  Because rents are still more than mortgages in most instances, this can work but inexperienced landlords are very much at risk as they try to learn the ropes.  Here is my quick primer for first time landlords (based on many years of renting property and some very painful lessons learned early on): The best renter is not often the person who will pay the most in monthly rent.  The best renter is the person who will treat your property with respect, pay on time, and generate a minimum of complaints. Remember t...