All Forum Posts by: John Carbone
John Carbone has started 38 posts and replied 1080 times.
Post: Better service options / help for Long Distance Self-Managers in Smoky Mtns?
- Rental Property Investor
- Gatlinburg
- Posts 1,091
- Votes 957
Quote from @Dustin Travis Ray:
Always good advice from Legendary Luke!
I guess what I was going for was that I know it can be a cash flow killer a lot of times to have a monthly expense for property management. But if you didn’t need around the year management is there another option? What if there was a service for isolated events? Emergency stop ins from someone close and local, end of year remodels involving multiple subcontractors (for bigger projects than what a handyman can handle).
And maybe that’s the answer - there’s no real need for that. Just fishing for ideas.
Love the podcast Luke! Keep it up!
As someone who lives here, I thought about doing what you are looking to do a few years ago. I’ve realized it’s much more profitable to use my local resources to add more rentals for myself and manage them myself. Or to have new construction built for a fraction of the cost that someone will pay out of state. You are onto something, but you need to think bigger. My licensed contractor is worth way more to me than I can get by having them do service calls for someone out of state.
Luke is right that your best bet is to become a licensed PM if you are going to do it though with in house handyman services. I think there is a real strong need for that here as many legacy companies are here operating very sub optimally with large fees for owners. But even so, I think you need to have some for yourself to get established.
Post: Smoky Mountain Slow Down?
- Rental Property Investor
- Gatlinburg
- Posts 1,091
- Votes 957
Quote from @Richard Elvin:
Post: AirBnB Revenue Collapse? Near 50% in some areas......?
- Rental Property Investor
- Gatlinburg
- Posts 1,091
- Votes 957
Quote from @Carlos Ptriawan:
Quote from @Dave Nixon:
I was just looking at AirBNB in Myrtle Beach for a prospective golf trip and thought the AirBnB rates offered were high. Cheaper to get an $89 hotel room to share with a buddy (two queen beds) a block from the beach and stumbling distance to the downtown bars.
that's precisely why some Airbnb hosts are falling. Airbnb host is attached in multiple front with no one helping LOL
A lot of people don’t want to stay at a motel from the show “ozark” lazy-o motel
Post: How many bed's do you own?
- Rental Property Investor
- Gatlinburg
- Posts 1,091
- Votes 957
I have 13 toilets
Post: Is trading STRs for vacations a thing?
- Rental Property Investor
- Gatlinburg
- Posts 1,091
- Votes 957
This only seems to make sense if you are traveling 2+ months a year, doesn’t seem worth it for a week.
Post: New Sevier County Solid Waste Plan
- Rental Property Investor
- Gatlinburg
- Posts 1,091
- Votes 957
Quote from @Ken Boone:
My cleaner just spoke to the one of the operators at one of the convenience centers who is also a county commissioner. He stated that is it will be awhile before they stop cleaners from using the convenience centers as they haven't even started building the facility where they will require cleaners to go (This means no way that it will be fully implemented on August 1st). He also told my cleaner that they will be give them a good notice before it starts.
Having said all that, he said they plan to start stopping some of the bigger cleaning companies and cabin rental places from using the convenience centers soon to see how that affects things before they try to implement full scale on all cleaners.
Of course this is second hand info so take it for what it's worth.
Post: 120 AirBnB Listings - Ask Me Anything
- Rental Property Investor
- Gatlinburg
- Posts 1,091
- Votes 957
Quote from @Michael Baum:
It is a Short Term Rental. AirBNB is a platform.
I think anyone under 40 calls it "an airbnb" and over 40 it's a STR. Generational thing
Post: New Sevier County Solid Waste Plan
- Rental Property Investor
- Gatlinburg
- Posts 1,091
- Votes 957
Quote from @Leora Merrell:
Quote from @Ken Boone:
Quote from @Leora Merrell:
Quote from @Ken Boone:
@John Carbone Here is the county's press release about the trash issue:
https://www.seviercountytn.gov...
They are good wordsmiths.
A few points:
1. Sevier County homes will now be required to get a permit to rent as a short term rental.
2. The fire chief got approved to start the process to come in and flag cabins for negligence and ensure things are working effectively in these cabins. This will take about a year to have authority to knock on doors even when you have guests there if they feel the occupancy limit has been exceeded.
3. Sprinklers are a state regulation. The county is just coming into compliance with it. You must have them if holding occupancy of MORE THAN 12, have MORE THAN 3 stories, and the home is MORE THAN 5,000 sq ft.
We aren’t affected at any of our properties by those parameters. But 3 of my 6 are on a gravel road not maintained by the county. Seems as though it should be now after all this.
Post: New Sevier County Solid Waste Plan
- Rental Property Investor
- Gatlinburg
- Posts 1,091
- Votes 957
Quote from @Ken Boone:
Quote from @Leora Merrell:
Quote from @Ken Boone:
@John Carbone Here is the county's press release about the trash issue:
https://www.seviercountytn.gov...
They are good wordsmiths.
A few points:
1. Sevier County homes will now be required to get a permit to rent as a short term rental.
2. The fire chief got approved to start the process to come in and flag cabins for negligence and ensure things are working effectively in these cabins. This will take about a year to have authority to knock on doors even when you have guests there if they feel the occupancy limit has been exceeded.
3. Sprinklers are a state regulation. The county is just coming into compliance with it. You must have them if holding occupancy of MORE THAN 12, have MORE THAN 3 stories, and the home is MORE THAN 5,000 sq ft.
Is there more information on the under 12 people?
Post: New Sevier County Solid Waste Plan
- Rental Property Investor
- Gatlinburg
- Posts 1,091
- Votes 957
Quote from @Leslie Anne Morris:
There are a slew of problems with this. You forgot to mention the new inspections that were passed. I had previously only seen that in city limits of PF.