Hello I am a Real Estate Investor looking to speak with a real estate agent / property manager about investing in the Pigeon Forge/ Gatinlingburg area. We are interested in the STR market ( I am aware the market is very hot so was hoping to discuss some ideas with an agent on buying). We own a few long-term rentals in NYC and STR in Orlando so looking to expand into the TN market. I am not too familiar with the area so I'd like to discuss locations, occupancy rates, ADR etc( I have done my research on AirDna and online and we are ready to take the next step and start really looking to purchase.
Hi Roman, my company builds in the Pigeon Forge/Gatlinburg area. Yes, the rumors are true, it's crazy busy here! It certainly seems the sheer volume of visitors that can access this area keeps the STRs booked. We are getting ready to break ground in the next couple of weeks on a PUD in Pigeon Forge. There are 9 lots (7 currently available). We'll be building 5BRs with indoor pools OR 6BRs without pools. I'd be happy to give you more info if you'd like. Take care,
Hi @Roman Strawa - how is the Orlando STR doing for you? Curious where your rental is and how your 2022 data is stacking up versus 2021? My best friend is building in Gatlinburg I could hook u in to him as he started literally from the bottom up.
From all the information I have seen talking with both investors and clients who have AirBnB's in the area. They are all killing it with STR's and has me considering the area myself
Hi @Roman Strawa - how is the Orlando STR doing for you? Curious where your rental is and how your 2022 data is stacking up versus 2021? My best friend is building in Gatlinburg I could hook u in to him as he started literally from the bottom up.
Hello Jay,
We bought ours at the very start of Covid so we got in when prices were rock bottom fortunately. We bought round June of 2020(right as Florida started to open back up) . 2021 was our first full year doing it and we are happy with the results (we did use it for about 2 months, so we did not make a profit, but we expect to make one this year). We have been completely booked from December until April and getting a ton of bookings. Occupancy def seems to be on the upswing. The issue is the prices have almost doubled in the last 2 years so for us its not worth buying another one in the Orlando Area. We are within the Reunion Resort area a 3BR 3BATH condo. I would really appreciate that. I would love to discuss some items with him. Thank you!
Everyone is loving the double rental prices but shouldn’t we all stop and consider what the rental prices were in 2019? The prices of these existing cabins are pushing the numbers of what people can afford at the current Airbnb rates. Tread carefully and run the numbers and consider all possible future scenarios.
Hi Roman, my company builds in the Pigeon Forge/Gatlinburg area. Yes, the rumors are true, it's crazy busy here! It certainly seems the sheer volume of visitors that can access this area keeps the STRs booked. We are getting ready to break ground in the next couple of weeks on a PUD in Pigeon Forge. There are 9 lots (7 currently available). We'll be building 5BRs with indoor pools OR 6BRs without pools. I'd be happy to give you more info if you'd like. Take care,