Investor · Gatlinburg, TN · Member since 2015 · 75 posts · 33 votes
Good afternoon everyone,
After following BP for almost a year, it is time to get involved. My lovely wife and I moved here 4 months ago from Chicago Illinois. We now live off of our Vacation Rental Cabins here and are looking to purchase more as well as converse with the community about other investing.
Service Business Owner · Germantown, TN · Member since 2015 · 3 posts · 1 vote
10y
Hey Robert and all Gatlinburg fans. Robert, Did you own and rent the cabins in Gatlinburg prior to moving to the area?
Do you manage them yourself? I found 1 that charges 22% , The rest are at 50-70 % = crazy. How is your experience with management companies or Yourself in doing it? Is it demanding to do for guests ?
I friend of mine purchased 6 large cabins in Cobbly nob - 1 in 2010 and the others last year. The older one is doing very well and speaks highly of the overnight rental market there.
Real Estate Investor · Gatlinburg, TN · Member since 2016 · 4 posts · 0 votes
10y
Robert,
I have a rental in Chalet Village that does pretty well. I'd like to ask you how you protect yourself from liability in the cabin rental business. Specifically, how do you structure your business? I have my cabin in an LLC and also have a large umbrella policy. I have a pretty tight rental policy, but want to be as worry free as I can. How do you handle your hot-tubs? I'm not sure how the law applies to single-family cabins, but I'm pretty sure the hot-tub isn't classified as public, so the law requiring sound-activation in the hot-tub doesn't apply.