All Forum Posts by: Alan Ford

@John Underwood yes I have all that. But as they say, trust but verify! Want to get thoughts on the location, possible future development potential. Thoughts on the area in general. Etc. I currently am in Pigeon Forge area and doing well.

On paper this deal makes sense, but would like some outside assessment/advice.

@Mark Miles wow! That is amazing. So they get access to your VRBO etc. portal? How do you stop them from accessing your banking information?

I am really glad I found this forum.

Hello, where is an appropriate place to ask for help on a specific property - (North Carolina Beach) - would like to get some thoughts from the experts on if its a good deal. It's actually my cousins current STR. She is selling and using the funds to buy a bigger house for her family to live in.

I don’t want to give out too many details in a public forum obviously.

Thanks,

@Avery Carl thank you. I sent you a contact request, partly to talk more in detail on this but mainly for your services in my next property in the area that I am looking to buy now. 

For the the rest — @Nick Rutkowskimentions a co-host? Can someone explain that? Is there a middle ground where I can have someone do the bookings, price changing, administrative tasks, and they get paid a salary or percentage but I still end up not paying PM levels? I am sure I could Learn to do this myself but I am a busy single dad with a very demanding 60 hour a week job already. I would be absolutely thrilled to take that 30% number down lower but still pay for help.

Wow -  I had no idea, I mean I am happy with the money I have been making on them, but had no idea I might be losing out on tons of revenue. Then again, I love not having to worry about anything at all...

Looking forward to learning more! 

Hello - I have two STRs in the Pigeon Forge/Gatlingburg area. I have had one for two years and the second I purchased this year. The first one is a 4bd/4bath log home and it is with a well know local property manager. They take 30%. However the property is grossing 70k+ every year and it did that for two years prior to when I purchased. My mortgage payment on it is 1,900 a month. My PM tells me that in that area those results are simply not possible for a “do it yourself approach” is this true? The second property will do about 45k a year for a 2bd/2ba and the same PM. That mortgage payment is 965 a month. 

Thank you for any insights! 

Hi - new member here. What a great forum. I have purchased two nice cabins in the PF/Gatlingburg area in the past two years. Joined forum to talk to experts and see if I am making the most I can out of them and advice on my next move. I have some ideas...want to run it by the experts. Love some guidance on what forum area to post in or who to talk to etc