All Forum Posts by: Leslie Anne Morris

You may qualify for a 1031 exchange and you could sell and then reinvest proceeds into another purchase in order to defer the capital gains taxes. I did that last year on an under performing STR.

We list out the property name and the name of our management company in the beginning of the listing. A lot of people google and then book direct. 

I got mine from Ownerrez initially. You might look into that since I saw you’re also looking for a PMS. 

I use Ownerrez. It has various features you can bolt on. 

I’ve been doing themes. I have a whiskey themed cabin and just remodeled a house in Pigeon Forge to be Dolly Parton themed. It definitely stands out. 

My understanding is that it happens when they run out of listings to display that match the travelers search criteria. 300 listings are displayed per search on several pages. So you could show up if you stand out based on the search query and the number of other listings that match the search. 

I just switched to Erie for most of my STR in the Smoky Mountains, but others are reporting that they are seeing rate increases from them.

I vote Smoky Mountains! Anything in that price range definitely stands out. 

If you’re buying in a well known spot local property management companies can do projections. Better yet see if the local municipality has reports online. If it’s a vacation market they typically do. 

Investors are still using the 10% down option in 2023. It is more expensive yes…and in your case even more expensive since your down payment isn't cash. I'd underwrite the entire scenario and see if the numbers work. I look at NOI and cash on cash. I did a call a few weeks ago about underwriting metrics that's out on YouTube.