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Updated over 3 years ago on . Most recent reply

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Collin Hays
#2 Short-Term & Vacation Rental Discussions Contributor
  • Property Manager
  • Gatlinburg, TN
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Microwave or crock pot?

Collin Hays
#2 Short-Term & Vacation Rental Discussions Contributor
  • Property Manager
  • Gatlinburg, TN
Posted

I have a number of investments that are microwave.  My time frame is short, and I hope to make quick profits.  I am invested in commodities, energy, and even a fair amount of crypto currency. 

My crock pot investments are vacation rentals. Yes, this year's revenues are important.  But what about revenues 5 years from now?  I see a lot of potential investors viewing vacation rentals as a microwave.  Buy it and make tons of money immediately.  It doesn't usually work that way.

Back in late 2013, I bought a small, modest log cabin next to a rushing creek.  I way, way overpaid for it because I thought it was a winner long term.  It is a real log cabin, it has privacy, acreage, and you can fish off the back porch.  

Here is the year-to-year performance on that cabin since 2014. The moral of the story is this:  Long term, you're better off buying the right cabin than buying at the right price.

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SMOKY MOUNTAIN FALLS INC.
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