All Forum Posts by: Leslie Anne Morris
Leslie Anne Morris has started 3 posts and replied 1252 times.
Post: Where would you buy two STRs to have comfortable weather year round?
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
I 1031 exchanged out of a seasonal market in 2022 and now all of my STR are in the Smoky Mountains. Year round its great - occupancy and weather.
Post: KNOTTY PINE EVERYTHING! STR design help needed
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
I’ve been doing grey couches which look pretty good against the rustic cabin look. I also painted kitchen cabinets grey in some of my properties to offset all the tongue and groove.
Post: DSCR loan With no prepayment penalty
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
You may check local commercial bank products. But most will also have a prepayment of some sort. Inquire about break funding if you find a good lender and what their policy is around deployment of funds based on spread.
Post: Beds in 3/2
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
Quote from @Wilson Hunter:
Quote from @Leslie Anne Morris:
Quote from @Wilson Hunter:
Quote from @Leslie Anne Morris:
I usually go with twins, 3 if I can fit them.
This is a tiny room in old school beach box - unfortunately I couldn’t do 2 twins so it’s either a single full or a bunk (could do the twin over full bunk).
I wondered if the full might be me more diversity in who stays there but if the bunks are valuable for the kids I’ll just roll with it. I could do twin over twin bunk and supply complimentary blow-up mattress in the closet…
Ah I see. Yeah twins are rough for adults to sleep on. Either go all in on a true kids area, or diversify for the potential to fit more adults into your space.
But which one!! Haha.
Thanks for the feedback :)
Post: Rookie Investor - STR looks appealing
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
This is exactly how I started! I own 11 STR now in the Smoky Mountains. I had a true love for cabins to be honest. It is a great retirement vehicle plus it's fun for the family. Get a good team. A good agent should know what will make good money and hopefully how much, or have the ability to refer you to someone who does - like a property management company. I think AirDNA has been super conservative lately. I also have access to Key Data, and it is conservative also.
Post: Beds in 3/2
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
Quote from @Wilson Hunter:
Quote from @Leslie Anne Morris:
I usually go with twins, 3 if I can fit them.
This is a tiny room in old school beach box - unfortunately I couldn’t do 2 twins so it’s either a single full or a bunk (could do the twin over full bunk).
I wondered if the full might be me more diversity in who stays there but if the bunks are valuable for the kids I’ll just roll with it. I could do twin over twin bunk and supply complimentary blow-up mattress in the closet…
Ah I see. Yeah twins are rough for adults to sleep on. Either go all in on a true kids area, or diversify for the potential to fit more adults into your space.
Post: Beds in 3/2
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
I usually go with twins, 3 if I can fit them.
Post: To niche or not to niche
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
I go for my typical avatar for the area and cater to that. In the Smoky Mountains it is mostly families who are seeking the rustic cabin experience.
Post: Short Term Rental Pro Forma Spreadsheet
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
Nice, there's also the Deal Check app which is helpful for a lot of new investors to not have to recreate the wheel.
Post: Any issues with tiny homes?
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
They're tiny! LOL