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All Forum Posts by: Ken Boone

Ken Boone has started 9 posts and replied 982 times.

Post: Frustrated with VRBO fees

Ken BoonePosted
  • Investor
  • Greenville, SC
  • Posts 994
  • Votes 1,186
Quote from @Ryan Moyer:
Quote from @Dave Stokley:

I mean they are collecting and remitting the tax for you, so there's value in that.


It's not like they give you an option so they shouldn't be charging on it, nor does their competition.

This would be like a PM taking their commission out of the total guest booking including taxes, which would be ridiculous.


 Correct me if I am wrong.  I was under the impression that that service fee is to cover the credit card processing.  If that is the case, the credit card processing would be on the full amount, which would include the taxes, which if that where the case then it would make sense.  I might be wrong about that though.

Post: Projector TV with screen

Ken BoonePosted
  • Investor
  • Greenville, SC
  • Posts 994
  • Votes 1,186

@Wilson Hunter Are you saying the projector screen will have to be put up in front of the window and that is why it has to be a pull down?  

At home I use pull down screens but  at my cabins I make the screens, but they are permanent not pull down.  I don't do the pull downs because I think they are going to end being replaced due to guests messing them up.  Kids hanging on them, etc..  Not sure if this is an option for you but if it is you can DM me and I provide you with more info on that.

Projectors are like cars to some degree.  Everyone likes their own brands.  And really the right projector depends on the space it is in.  There are a number of factors that go in to that.  How much ambient lighting during the day? How big of a screen?  How far the projector will be?  You will want a sound system such as a sound bar or something as the audio out of the projector will not be enough.  1080p good enough for you or do you want 4k?  4k changes things, like types of cabling, distance of cables, sound system to run through, etc..

Each projector has different throws.  So you kind of have to factor in all that stuff.  I have always used Epson projectors and have been very happy with their performance, longevity, and they support their warranty.  

Post: RemoteLock and Smart Locks

Ken BoonePosted
  • Investor
  • Greenville, SC
  • Posts 994
  • Votes 1,186

So if you already have a SmartThings hub and the locks are controllable via the hub you can purchase Rboys rental lock Automator software that installs on your hub.   It’s like a one time cost of $100 and it can be setup to set the guests code’s automatically at no additional cost.  There is one caveat.  SmartThings just finished changing their software and Rboys is not working at the moment.  Per Rboys they are currently working on the fix.  So if they get the fox in soon that would be the way to go in your situation if the SmartThings hub is part of your model. 

Post: Indoor Pools in the Smokies

Ken BoonePosted
  • Investor
  • Greenville, SC
  • Posts 994
  • Votes 1,186

@Matt Mertz Well dude that is freaking awesome.  I don't know a single build during 2021 that was finished in less than a year.  That is fantastic though man.  I'm sure there are some good ones.  I do know of one, but he is 2 years waitlisted.  The problem is that for every good one, there are 5 more that are bad, very bad.  ;)  No scientific study there, just me and my circle's anecdotal evidence.

Post: Indoor Pools in the Smokies

Ken BoonePosted
  • Investor
  • Greenville, SC
  • Posts 994
  • Votes 1,186
Quote from @Collin Hays:

We have had two clients with pools.  Both hated it.  That's not statistically valid feedback, but my $.02.


 Wow that is surprising to hear.  I know several people that have pool cabins and everyone one of them thinks the same as I do.  

Post: 3/2 Pool Cabin in Sevierville

Ken BoonePosted
  • Investor
  • Greenville, SC
  • Posts 994
  • Votes 1,186
Quote from @Kyle Smith:

Right now you have to think about recession proofing things the best you can.  #1 - Mountain View’s, #2 - proximity to Gatlinburg/PF, #3 Cabin Amenities (indoor pool a big plus). You have to think about competing with a few thousand cabins and what will make yours stand out from the rest.  There are a ton of big view cabins out there.  Position yourself correctly for the bad times and you will float through the bad and do well when things are great. 


 You are right about thinking recession proof but IMO a pool cabin with no view in proximity trumps a Mountain View all day long. 

Post: Indoor Pools in the Smokies

Ken BoonePosted
  • Investor
  • Greenville, SC
  • Posts 994
  • Votes 1,186
Quote from @Matt Mertz:
Quote from @Nathan W.:

@Kyle Smith I hear you. A lot of people have really bad experiences building. I love it though and this will be my fourth build with this builder. Other than it taking longer than I would like (about 18 months) I have nothing but good things to say and can't wait to do it again. 
Pool or not pool, I'll definitely be building something on this lot. 

Kyle and @Ken Boone, how large are the pools in your cabins? 

Our first cabin in the Smokies was a new construction.  That allowed us to purposely build an STR that stands out from the competition.  We're currently building another cabin with the intention of doing the same thing again.  We got a great builder so no issue there.  I'd rather custom build than buy an existing cabin.

So you said something that is key in this market, especially with a cooling off.  And that is build something that stands out from the competition.  That is exactly what having the pool does.  It is the #1 amenity in that market.  It trumps the view, dollar for dollar all day long.  However you still have to buy right and that is tough right now, especially without doing new construction.

However, not sure when your last build was @Matt Mertz but I am in the camp with those guys that I will never build there again.  It has to be one of the worst places to build in at this current time.  However, it sounds like @Nathan W. might have a history with this builder and if that is the case that might change the story.  I have had 2 cabins built there.  The first one was a nightmare dealing with the builder and all the cheap shoddy work that was done because they used the bottom of the barrel for labor, and they left problems they knew about and waited to do something about them until I found them.  The second build which was completed June 2022, only because I pretty much had to spend the first 6 months of last year in TN 90% of that time, managing, doing, fixing, due to unscrupulous builders (plural) (who were vetted), made the first build look like a walk in the park.  In fact, in my circle I know of 8 people in the middle of builds there right now, and they are all upside down, nothing is being done, lawsuits, etc.. And this spans 3 different builders.  And oh, most of these builds having been going on for like 2 years.

Post: 3/2 Pool Cabin in Sevierville

Ken BoonePosted
  • Investor
  • Greenville, SC
  • Posts 994
  • Votes 1,186
Quote from @John Carbone:
Quote from @Brooklyn McCarty:
Quote from @Luke Carl:

I'd don't think I'd have a huge problem with that location. 


 I agree with Luke. It’s about 4 miles from a Soaky Mountain, 9 miles from ranger outlets,  12 miles to Dollywood. 

I like to find 3-5 main attractions I am close to when looking. 

There are several things wrong with this location. First, “tanger” outlets is not an attraction. Also these are subdivision cabins surrounded by residential subdivisions. There is one road to the parkway from here and they have overbuilt both residential homes and cabins here, there is no infrastructure. The only draw I see here is being close to soaky mountain but a majority of guests will be going to Dollywood. That 12 miles you speak of takes 30 mins to get to from this place, and that’s no traffic. The only way to get from here to Dollywood goes through the most congested spots of the smokies and you are looking at 45-1 hour to get to Dollywood and most attractions in pigeon forge. And forget about marketing to gatlinburg, that will be over an hour (45 min in Jan/feb).  you will however be close to Buccees but idk if that is an attraction. 

if every year was a Covid year, I’d say this could be a buy, but to only be getting 11 percent coc needing 110k for it, there are better options. You have 0 upside, and this deal should be thrown the in trash pile. 

These subdivision cabins this far out from major attractions  will be the first to bust as demand continues to drop, and you’ll be looking at a 50 percent haircut if you need to sell to a doctor in Knoxville to live in. 

 @John Carbone I think you nailed the problem with this location 100%.  It is not the distance specifically but rather this specific location combined with the distance.  For instance if this was in Wears Valley it would work. 

Post: 3/2 Pool Cabin in Sevierville

Ken BoonePosted
  • Investor
  • Greenville, SC
  • Posts 994
  • Votes 1,186

So a pool cabin without a view is no problem whatsoever.  The location on the other hand I am not thrilled with.  I would not be interested in that spot myself, even with a pool cabin, and that is pretty much what I stick with.  Not saying it wouldn't work, but I would pass on it.

Post: Indoor Pools in the Smokies

Ken BoonePosted
  • Investor
  • Greenville, SC
  • Posts 994
  • Votes 1,186
Quote from @Nathan W.:

Kyle and @Ken Boone, how large are the pools in your cabins? 

 They are small heated pools.  
 8x17x5ft deep

6x13x4ft deep

8x16x4ft deep

All of mine are fiberglass pools.  2 of them are the curvy shaped typed pools and one is a rectangle.  If I was doing a new build I would do rectangular.  You can easily put a solar cover on that guests can easily roll up. This helps a lot with the humidity factor and heat loss from the pool.