All Forum Posts by: Luke Carl
Luke Carl has started 175 posts and replied 4103 times.
Post: Gatlinburg Pigeon Forge cash flow str rentals

- Rental Property Investor
- Tennessee Florida
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The short answer to the OP is this....
Smoky Mountain Gatlinburg Wears Valley Pigeon Forge Log Cabin
2-3 Beds
PP: 250-300k (and rising every day)
Gross: 45K/Year
Net: 25K/Year-Improvements
3-4 Beds
PP: 350-550K
Gross: 65K
Net: 45K/Year-Improvements
Zero to 1 beds are harder to find but do put up big NET numbers.
5-6 Beds probably gross around 100k? Total guess my cabins are small.
I say "Beds" because "Beds" aren't always in a "Bedroom" in this market.
These numbers are LOOSE estimates and based off of self management and a cash purchase with no mortgage. And yes... Net means your Cleaners/Handymen/Occ/Sales Tax/Electric/Water have been paid.
Gross means Every dollar that comes through the door before ANYONE is paid. I hate to beat that dead horse
Keep in mind one person may manage better or differently than the next therefore the net number is difficult to determine because it will fluctuate greatly depending on the property condition, management, and many other factors.
Those numbers sound right @Julie McCoy & @Avery Carl??
I have a few "pre-fire" properties that do much better than that. Our numbers in general are higher than what I've posted here.
We LOVE the market and love our cabins and love our guests. So many engagements and honeymoons and hiking memories for us. This business is certainly not for everyone. But we enjoy it very much.
Ok, it wasn't so short.
Yours truly,
Thunder Crapper
Post: Gatlinburg Pigeon Forge cash flow str rentals

- Rental Property Investor
- Tennessee Florida
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I have purchased 5 cabins from Avery. I also live with her. There is no chance you’ll find an agent with more knowledge than her. She bought her first investment property at 26. She has an MBA and reads 3 books per week. She has run 3 marathons and one ultra marathon. She’s amazing.
My cabins gross 2.5-3% of purchase price every month. I self manage 5 from a distance with a day job and LTRs in different markets that’s I also self manage. I’m in 3 different markets. I also read a lot of books. I have run 21 full marathons and 2 ultra marathons. I don’t watch TV, I’m 37, a sagittarius, and happily married to one of the top 5 agents in the state of Tennessee; which neither of us are originally from.
I also eat lightning and crap thunder.
Oh, and Julie rules big time.
TLDR
Post: Staging a house before check in- Do you do it?

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Post: How do you reset for your next guests?

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Post: How do you deal with late check out on air Bnb

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Post: Owning an AirBnb apartment in Miami

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Post: What is the true value of your own STR website?

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Post: What is the true value of your own STR website?

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Post: Novice from Maryville, TN

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Welcome to the party!
Post: San Jose, Ca Airbnb management company

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