Black Mountain, NC airbnb

[Brian Williams]

I'm looking at investing in a property in the Black Mountain, NC area (near Montreat and Asheville). I'm curious if anyone has any experience in trying short-term rentals in this market, or a similar market, through airbnb / vrbo. If so, how has your experience been w/ a mountain/cabin rental? Does your property rent 60% or more? Any insights you've found most valuable, or things you have learned that you wished you had known starting out? Much appreciated!

[Mitch Davidson]

@Brian Williams, If you manage it well, and if the property is pretty appealing and special, you'll exceed 80% in a market like Black Mountain. Of course, much of that is driven by your pricing. Many of us locals are drooling for an opportunity in Black Mountain though. The available inventory is quite low there, and pricey. It's highly desirable. It's just 25 minutes from downtown Asheville, yet has it's own really great downtown scene. The trails nearby are excellent as well, as are the views. For this reason, there's quite a bit of local investor focus on Old Fort and even Marion right now (east of Black Mountain). The east side of Swannanoa (western border of Black Mountain) is also gaining in appeal. Also, I wouldn't be discouraged by something being even 45 minutes from downtown Asheville. I have friends that are killing it on STR rent in markets that are that far from downtown Asheville (ex: Mars Hill, Waynesville, etc.).