Gatlinburg Short Term Rental

[Adam Philpot]

BPers,

Looking to talk to those experienced in Short Term Rentals in Gatlinburg, TN. I found an off market 10 unit apartment walking distance to the newer strip of Gatlinburg. I want to convert this into short term rentals. I called the city’s building and codes office today and they said since it was zoned C-1 (didn’t have an A after it???) so it could be used for short term rental I just have to get my business license.

Is it that straight forward?

Can I get Airbnb licenses for each of the 10 units?

Those experienced in gatlinburg, how difficult is the process?

I have no experience with short term renting. Any advice you can provide would be SO appreciated.

I’ve had a lot of deals fall through/numbers don’t make sense and I’m excited about this one. The cash flow could be fantastic.

[Julie McCoy]

I second what @Avery Carl said - be very very conservative with your occupation and rate estimates, because units like that are not going to perform nearly as well as cabins or chalets. And consider the area around it - some (a lot) of the areas around downtown Gatlinburg that are mostly residential are not very appealing. 

So, really does depend on the numbers - could be amazing, could not be so amazing. But permit-wise, since it's already zoned to allow it, should just be an issue of getting the STR permits - not hard in Gatlinburg.

Hope this helps!