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General Landlording & Rental Properties

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Keegan Schaub
  • New to Real Estate
  • Seattle, WA
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STR Smoky Mountains low occupancy on Airbnb?

Keegan Schaub
  • New to Real Estate
  • Seattle, WA
Posted Jan 23 2022, 13:19

Hi everyone, I am looking to purchase my first STR and did some research in the Smokey Mountains area on Airbnb. When I was looking at occupancy rates on Airbnb for a few random listings most of them only had 5-7 nights occupied?Is it the non busy season in that area? I've heard of really high occupancy rates, but when researching for a ‘worst case scenario' when I do purchase a STR, a lot of listings don't have any bookings for the month of February?

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Buddy Holmes
  • Investor
  • Daytona/Ormond Beach Fl, Charleston/Summerville SC
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156
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Buddy Holmes
  • Investor
  • Daytona/Ormond Beach Fl, Charleston/Summerville SC
Replied Jan 23 2022, 13:37

@Keegan Schaub

Keegan, Other than times and places around local Ski resorts, the Summer is the main tourist season.

Skiing is weather dependent which is variable, so that season is short within the winter.

just IMHO.

Cheers,

Buddy

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John Underwood
Pro Member
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
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John Underwood
Pro Member
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied Jan 23 2022, 14:03

January and February is the slow season there.

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Jonathan Ball
  • Rental Property Investor
  • Sevierville
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Jonathan Ball
  • Rental Property Investor
  • Sevierville
Replied Jan 23 2022, 14:07

I have a STR in Gatlinburg with 95% occupancy throughout the year, but I've only had 3 bookings in January. It's the slow season right now, and occupancy is down in the entire area due to Omicron.

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Justin Beasley
Pro Member
  • Pigeon Forge, TN
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Justin Beasley
Pro Member
  • Pigeon Forge, TN
Replied Jan 23 2022, 14:23

Yes. January & February are slower months. First sign of a return to "normal"

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Bruce Woodruff
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  • Contractor/Investor/Consultant
  • West Valley Phoenix
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Bruce Woodruff
Pro Member
#3 All Forums Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
Replied Jan 23 2022, 14:26

a) slow season, b) what about all of the houses that may be occupied by VRBO owners? And the others...

Account Closed
  • Rental Property Investor
  • Denver, CO
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Account Closed
  • Rental Property Investor
  • Denver, CO
Replied Jan 23 2022, 19:21

@Keegan Schaub You can look at the historical occupancy rates vía PriceLabs, sort by bedrooms, and cordon off an area too.

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Jerry Calhoun
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  • Rental Property Investor
  • Pigeon Forge, TN
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Jerry Calhoun
Pro Member
  • Rental Property Investor
  • Pigeon Forge, TN
Replied Jan 24 2022, 15:31

I agree Jan and Feb are our slowest months but this year I have properties that are doing better than previous years. I have a 5 bed 4 bath cabin that is 74.98% for Jan and 71.43% for Feb. I have a 4 bed 4 bath cabin that is doing 38.71% for Jan and 32.14% for Feb. I also have a 2 bed 2 bath condo that is doing 80.60% for Jan and 85.71% for Feb.

I assume it must be the overall economy as i am not really doing anything different than in previous years.

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William Beck
  • Realtor
  • Branson, MO
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William Beck
  • Realtor
  • Branson, MO
Replied Jan 27 2022, 21:02

Check again in March. It'll be strong