Rental Cabins in the Pigeon Forge/Gatlinburg Area: A Brief Q&A

As a potential cabin owner, you’re going to have great deals of inquiries on your mind if you’ve decided to acquire as well as lease cabins to visitors in Pigeon Forge and Gatlinburg. How do you find the appropriate real estate agent to assist you in obtaining your cabin? Just how much can you perhaps make annually in this line of business? This short article addresses these crucial concerns and supplies you with the solutions you require to get off on the right foot.

Just How Much Can You Make?

Working out just how much your cabin can make annually is not a specific science as it depends upon a sizable variety of factors, such as exactly how big your cabin is, how excellent your cabin’s listing photos are, how close your cabin is to town as well as the close-by attractions, etc. Property managers can nonetheless provide you a pretty good suggestion of how much you can anticipate to make as they’re privy to the finances of great deals of various properties.

Right here’s a profits guide from Avada Pigeon Forge property manager, a property management business for cabins in the Pigeon Forge/Gatlinburg area of the Smoky Mountains. It’s based on their analysis of hundreds of cabins listed on Airbnb as well as Vrbo:

  • 1-Bedroom: 60-70k
  • 2-Bedrooms: 75-85k
  • 3-Bedrooms: 90-100k
  • 4-Bedrooms: 110-120k
  • 5-Bedrooms: 130-140k
  • 6-Bedrooms: 150-170k

Just how Do You Find the Right Real Estate Agent?

First of all, the best real estate agent isn’t just any individual who has a license. You need somebody that has an excellent amount of experience in this field, and it’s much easier to discover a good one if you ask around. The most convenient means to locate a good agent is to ask successful realty managers for a referral. Nevertheless, if you desire to do the grunt work, here are a couple of points you need to try to find in a real estate agent:

  • They need to come across as a specialist with good vibes.
  • It is necessary that your agent has a lot of experience, so pick somebody that has actually done a lot of deals throughout the years.
  • They need to have been resident in the city where you want to acquire your cabin for a few years.
  • Pick an agent that has completed deals in big cities over one that has only offered and acquired local buildings. They’ll normally be used to being faster-paced as well as have more attention to detail.

What Are the Must-Have Features?

The bigger your cabin is, the more features it’ll require since you’ll have even more people staying in it and so you’ll need to make sure they have whatever they need to enjoy their stay. This means making sure there are enough beds, enough restrooms, and more. However there are a couple of facilities that, although not totally needed, would give you an advantage and aid you get more reservations if you included them in your offer:

  • A hot tub. Your cabin ought to have at the very least one hot tub no matter how small it is.
  • An entertainment amenity so your guests can enjoy themselves indoors without needing to leave the cabin. This can be a foosball table, a pool table, an arcade/multicade machine, an air hockey table, a movie theater area (for larger/family cabins), a game console (Playstation or Xbox), or a mix of these.
  • An indoor pool for swimming.
  • A sauna for sauna baths.

When prospective guests see these mentioned among the amenities your cabin offers, they’ll seriously think about reserving your cabin over the competition.

Below is a good read about just how design impacts your rental cabin.

Ready to Get Going?

If you’re stoked and ready to acquire a cabin in Pigeon Forge or Gatlinburg, click here to view a comprehensive list of questions as well as responses pertaining to property ownership in these locations.