All Forum Posts by: Cory Lucas

@John Underwood agreed! I’ve seen your comments on other posts, seems like you’re in on the short term game?

@Dustin Allen cool! That’s kinda what I’m curious of is where do I need to go and find that info out. It’s a pretty small rural town, not sure if the website will provide the insight, but I’ll give it a look. I do have an agent and will see what he can find out on the lease. Thank you

So there is a property I’ve been eyeing and we’ve been contemplating doing an AirBnB/Short Term Rental. Primarily we’re looking at the bigger markets, like the Smokies. However I’ve come across a little property close to home that sits near a local lake that I think would make for a decent one. When I say decent it’s cause our area isn’t a tourist destination, but I think I could fix it up and market it to where it could make us decent money from the locals that would look to have a little getaway here and there and it would be someplace fun for me and my family to go that would not be too far away

That being said it’s not like I’m looking for this to break the bank or be a crazy source of good income for me, but if I went the AirBnB route my concern is in doing so what kind of roadblocks may I run into? That being with local cities/governments and rules and regulations? Things of that nature. Like in the description it says subject to the lease with the city?

Just curious of roadblocks or things I should research before really pursuing and possibly placing an offer

Thanks in advance for any and all feedback

@John Morgan good stuff. Sounds like you have handy tenants!

@Anish Tolia and I agree with this and doing doubt the value. Unfortunately given my present situation it’s a lot of money, so I just need to decide if it’s a road I plan to go down and if so I just have to figure out how to afford it is all. Thanks for chiming in

@Matt Buroni very true and good points. Thanks for chiming in

@Josh Caldwell $11K is still a lot of money to me sadly enough, nonetheless I see your point. Thank you for the feedback

@Jay Hinrichs thank you for the feedback. Always appreciate and respect your opinion. I’ve read a lot of your comments on threads and your knowledge seems immense! So, I really appreciate you taking the time to comment on here for me

@Joe Splitrock as always your advice is insightful and always appreciated. Thanks for chiming in

@Patricia Steiner good advice, thank you for the insight and kind words