Updated almost 3 years ago on . Most recent reply
STR in Mineral Bluff, GA
Can anyone give me insight on STR in Morganton or Mineral Bluff, GA? I find the prices to be cheaper there then in Blue Ridge, but they're also pretty far from town (which I understand that is the reason why they are less expensive.) Just trying to figure out if STR do well there or not? Thank you for your help!
Most Popular Reply
Properties can do very well in either area. I would recommend looking at properties that have sweeping mountain views or has river access. If you purchase a property in the woods, you will need a ton of amenities to set you apart from your competition. I can go to Airbnb or VRBO to see rates and occupancy, in addition there are programs like Airdna and STR insights to help you make decisions, but the best way is the enemy method when trying to determine potential revenue from a target property. Sellers are trying to sell properties based off of 2021 and 2022 numbers, that was a bubble and bookings have slowed, just keep that in mind.