Updated almost 5 years ago on . Most recent reply
North GA Short term rental
Hey! So we live in Blue Ridge GA. According to several websites Blue Ridge is one of the top places in the nation for short term rentals. We see that first hand with our little town filled to the max with out of town tags. It's not really seasonal anymore either. It does seem to have slower seasons but it seems there is a great deal of tourists here year round. We have been long term investors for close to a year now but are looking at the short term market. Blue Ridge is very similar to the Smokey MTN market. We have a property under contract and the numbers make sense. It's looking to cash flow anywhere from 1-2k per month if we change nothing at all. The property next door has a hot tub and does twice as much per year so will definitely be getting one of those first thing. My question is though since Blue Ridge is such a "cabin" type of town the property we have a contract on is actually one unit of a triplex. It's a townhouse cabin (1600 sq/ft sleeps 8 with a 3/2) with 11 shared acres with Mountain View's and about 1000' of river frontage. There is really nothing else for sale in this market though that makes sense numbers wise for alternative plans should something happen to the short term market. This property does have a HOA and is very well maintained. Would it being a townhouse instead of a stand alone cabin deter you?
Blue Ridge, Morganton, Suches, Blairesville, north GA mountains