Updated almost 3 years ago on . Most recent reply
new to bigger pockets, and have a question to sell or hold an STR
new to the bigger pockets community. I purchased my second short term rental in 2021 in the Gatlinburg area, initially when i purchased numbers looked great and property started renting out immediately and was consistent for all of 2021. 2022 i started to get overwhelmed with guest comments or complaints and ended up putting it with a property management company. Shorter version, I ended up getting frustrated so I listed the property for sale. Its been 4 months and no bites. My question would be for the group, would you suggest dropping the price and get rid of the property? use the profit and cash for a different investment strategy, Or my other thought would be to go in, rehab it, spruce it up and take over management again. Personally think if the property was fixed up and modernized, it would limit complaints and issues, but not sure. Any advise would be appreciated.