All Forum Posts by: Joshua Feit

To elaborate -- there are so many people on the forum that would be glad to help you without any sort of compensation / NDA / etc. I am one such person!

If you have any questions or just would like to talk RE, feel free to reach out. So many people helped me that way, and I am glad to help you! I have 10 rentals in Atlanta, a vacation rental in the Smokies, and I have a real estate agent license too.

Just let me know if you need anything, and I'm glad to pass along anything I've learned along the way.

Cheers,
Josh

Run! :-)

Thanks so much, @Julie McCoy

Where are your cabins?

@Julia Fair My wife and I live in Doraville, and if you'd ever like to network / talk STR over coffee, we'd love to connect with you. Cheers!

@Chuck Kramer I have the VRBO listing all filled out. Really appreciate your advice. I'll pull the trigger on that!

@Julia Fair I am working with a cleaner in the area, and I have an on-call maintenance person. Self managing just means I am not working with a cabin booking agent, and that I handle all bookings and guest interactions myself. It's a good amount of work, but I'm getting my systems down, and it's already getting easier!

@Chuck Kramer 3205 Stepping Stone Dr. :-) It's a great cabin, and we love it!

@Luke Carl Thanks for the kind words!

@Julia Fair

Well, it's early to share the income numbers, as we've only owned the first cabin for three weeks. But here's a quick look at the acquisition.

We bought a 2BR cabin that sleeps 6 in Shagbark / Sevierville. Our purchase price was 200K, though I haven't seen anything like it since for less than 225K. We put about 10K into it to get it all ready to rent (new beds, couches, kitchen stuff, sheets, towels, light fixtures, etc.). We estimate it is going to cost about $1,800 - $2,000 mo. all in to run it, including mortgage (PITI), repairs, HOA, Utilities, etc. I'm hopeful that we will make around $1,000 above that each month during the busy months. I've been told that Jan/Feb are slower, and so far, that seems to be true.

We are self-managing on Airbnb, and thinking about getting it on VRBO as well. It's a lot of work to manage the guests, but even as a beginner, I am feeling confident about managing it from afar (Atlanta).

Avery Carl is a great agent, and you should connect with her. @Avery Carl Let me know if you think my numbers are off!

Hi there! I just bought my first cabin in Sevierville, and I have another under contract in Wears Valley. I have had such an awesome experience working with my agent, Avery Carl -- she is on this forum all the time. You should definitely connect with her.

Also, Parker Borofsky at Mortgage Investors Group is the best banker I have ever worked with -- you should connect with her as well.

Best of luck on your journey, and I hope you stay in touch. Let's help each other figure out this STR gig!

Cheers,
Josh Feit

@Chuck Kramer -- Nice! That's amazing. My first cabin is in Shagbark (Sevierville). I have a second one under contract right now -- it's a little further south in Wears Valley (Raccoon Hollow Dr).

Thanks @Chuck Kramer -- Do you have rentals in the GSMNP area?