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All Forum Posts by: Collin Hays

Collin Hays has started 119 posts and replied 2501 times.

Post: Gatlinburg area 2br vs 4/5/6br

Collin Hays
#2 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Property Manager
  • Gatlinburg, TN
  • Posts 2,537
  • Votes 3,538

While the Gatlinburg area has risen, ultimately it is all about the net yield.  I paid $275K for a 900 square foot cabin in Gatlinburg last summer.  That’s over $300 psf!

But the rent supports that price:  The gross rents were $34,000 from July through December.

The key is finding a management company in the area that isn’t rent-shifting.  This practice is killing homeowners.