Short Term Rentals in Western North Carolina- Boone, Banner Elk, Beech Mountain...

[Keith Dowdy]

Hi everyone,, 

I'm bullish on the area. My rental in Beech Mountain continues to do well. I'm starting to see more movement in terms of people turning their attention to investment properties again. Beech and Banner Elk are particularly strong. Other great areas for short term rentals: Sugar Mountain, Seven Devils, Valle Crucis, Vilas, Zionville, West Jefferson, Todd, and many others. While the rates are relatively high right now, there appears to be evidence that the peak may be at hand. One possible strategy is to get in before the prices shoot up as rates start coming back down. Get in at less that desirable rates, and refi once they come down. Or sell at a profit as demand inevitably goes up, along with prices.

If anyone is interested in investing in the High Country, let me know. I'm a licensed realtor who specializes in helping investors find a good investment/STR properties.

Or just let me know if you have any questions that you think I might be able to help with. 

Have a great day!

Keith Dowdy

eXp Realty

Lic#: NC 337517

[Kathie Russell]

I have two tiny homes just off of 105 (Boone/Valle Crucis area).  My long time tenant (10 years) is moving out today and i am considering switching it to STR.  Any estimate of what i could expect for income?  Would be 4 max occupancy with 1 BR 1 BA and pullout couch.

[Amanda Sherrod]

Hi Keith-

What is your experience with rentals in Boone closer to App state?

[Kelly Olson]

Quote from @Keith Dowdy:

Hi everyone,, 

I'm bullish on the area. My rental in Beech Mountain continues to do well. I'm starting to see more movement in terms of people turning their attention to investment properties again. Beech and Banner Elk are particularly strong. Other great areas for short term rentals: Sugar Mountain, Seven Devils, Valle Crucis, Vilas, Zionville, West Jefferson, Todd, and many others. While the rates are relatively high right now, there appears to be evidence that the peak may be at hand. One possible strategy is to get in before the prices shoot up as rates start coming back down. Get in at less that desirable rates, and refi once they come down. Or sell at a profit as demand inevitably goes up, along with prices.

If anyone is interested in investing in the High Country, let me know. I'm a licensed realtor who specializes in helping investors find a good investment/STR properties.

Or just let me know if you have any questions that you think I might be able to help with. 

Have a great day!

Keith Dowdy

eXp Realty

Lic#: NC 337517

Keith,
This is one of the areas I am interested in when purchasing my next STR property. I have 1 gulf access STR in Cape Coral, FL and looking to expand into the the other areas in the mountains of NC, TN or GA. For me its all about cash flow, let me know what I should be looking for as far as location in your area of expertise, I assume a great mountain view but are there specific neighborhoods in Beech or Banner Elk that will do better than others or are there other areas that are better values?