Worst Case Scenario Plan for Smokey Mountain STR

[Mia Crampton]

Hi, I've been an avid follower of the Short Term Shop (Avery Carl). I'd love to hear from anyone who owns a STR in the Smokey Mountains... what is your 'back up plan' or exit strategy if necessary? In this market, I don't think going long term rental works, and I don't know about selling (depends on the market). I was thinking a good option could be to find someone who wants to arbitrage it from me. This is just WORST CASE scenario if I need an exit strategy. Wondering what others have. as their exit strategy. Thanks

[John Underwood]

There isn't much of a backup plan for the smokies, but you don’t need one for this area. It's such a hot tourist area.