3 Common Pests Found in East Tennessee Short Term Rentals and How to Prevent Them

As a short-term rental property owner in East Tennessee, it is important to prevent pest infestations. Pests not only damage your property, but they can also negatively impact your guests’ experience. In this blog post, we will explore how to prevent their infestations in short-term rental properties.

East Tennessee’s warm and humid climate provides an ideal environment for various pests to thrive, including flying insects. Some common insects found in short-term rentals in East Tennessee are:

  • Carpenter bees are a common pest found in East Tennessee homes. They look similar to bumblebees but can cause significant damage to wooden structures, including decks, fences, and outdoor furniture. 
  • Carpenter ants are another common pest found in East Tennessee homes. They can cause significant damage to wooden structures, including walls, floors, and furniture. 
  • Eastern subterranean termites are a common pest found in East Tennessee homes. They can cause significant damage to wooden structures, including walls, floors, and foundations. These termites live in the soil and feed on wood, so it’s important to maintain proper moisture control to prevent infestations. 

It’s important to address any pest infestations in your home promptly to prevent damage and avoid further costly repairs.

Regular cleaning, maintenance, and inspection practices are essential to prevent pest infestations in short-term rentals. 

Below are some tips to help keep insects away:

  • Seal entry points and install screens on doors and windows. Gaps and cracks in walls and doors allow insects to enter.
  • Close doors and windows when not in use to prevent insects from entering.

In addition to regular cleaning, maintenance, and inspection hiring a professional pest control service can help eliminate pests and prevent future infestations. 

Benefits of hiring professional pest control services are:

  • Experienced technicians who can identify and eliminate pests effectively.
  • Customized treatment plans to address your property’s specific pest problems.
  • Regular inspections to prevent future pest infestations.
  • Pest control companies may set up pest monitoring stations to detect any signs of pest activity before a full infestation occurs.

Pest control companies can help prevent future infestations and keep your property pest-free. It’s important to work with a reputable and experienced pest control company to ensure that they use safe and effective methods to prevent pest activity.

Preventing pest infestations in short-term rentals in East Tennessee is crucial to ensure the comfort and safety of your guests. By following the preventative measures discussed in this blog post and utilizing professional pest control services, you can keep your property pest-free. 



Property Owners: How to Keep Your Short-Term Rental Property in Great Condition

Owning a short-term rental property can be a great investment, but it comes with its own set of challenges.

One of the most important aspects of owning a short-term rental property is maintaining it properly.

A well-maintained property can provide a positive experience for guests and increase the property’s value. 

In this blog post, we will discuss some tips for keeping your short-term rental property in tip-top shape!

 

Maintenance

Creating a maintenance plan is an essential step in keeping your short-term rental property in great condition.

As a short-term rental property owner, it is essential to regularly inspect your property to ensure that it is in good condition for guests. By addressing issues promptly, you can minimize the impact they have on your guests and prevent them from becoming larger, more expensive problems. Here is a list of inspections that you should complete on your short-term rental property:

 

  1. Electrical system inspection: The electrical system should be inspected at least once a year to ensure that it is in good working order. This inspection should include checking outlets, light fixtures, and the circuit breaker box.
  2. HVAC system inspection: The HVAC system, including air conditioners and heaters, should be inspected and serviced at least twice a year to ensure that they are working efficiently .
  3. Roof inspection: The roof should be inspected at least once a year to ensure that there are no leaks or other issues that could cause damage to the property.
  4. Exterior inspection: The exterior of the property should be inspected regularly to ensure that there are no issues such as cracks, leaks, or other damage.
  5. Interior inspection: The interior of the property should be inspected regularly to ensure that there are no issues such as leaks, cracks, or other damage. This inspection should include checking for water damage, mold, and pest infestations.
  6. Smoke detector and carbon monoxide detector inspection: Smoke detectors and carbon monoxide detectors should be inspected at least twice a year to ensure that they are in good working order.
  7. Fire extinguisher inspection: Fire extinguishers should be inspected at least once a year to ensure that they are in good working order.

If you are an out of state owner your property management company will likely help you complete any inspections necessary to maintain the integrity of your home.  

 

Cleaning

Cleaning is an essential part of maintaining a short-term rental property. A clean property can make guests feel comfortable and help them enjoy their stay!

Regular cleaning between guests is essential to maintain a short-term rental property’s condition and ensure that it is safe and hygienic for guests. It is also important to clean and sanitize high-touch areas such as door handles, light switches, and remote controls.

Deep cleaning should also be done regularly to prevent future issues and maintain the property’s overall condition. 

 

Repairs 

It is important to address any repairs or maintenance issues promptly to prevent them from turning into larger problems. Be sure to keep a list of reliable contractors on hand for any necessary repairs that require a professional.

  1. Plumbing issues: Plumbing issues such as clogged drains, leaking pipes, and broken toilets are common in rental properties. These issues should be addressed as soon as possible to prevent further damage to the property.
  2. Electrical issues: Electrical issues such as faulty outlets, broken light fixtures, and malfunctioning appliances can be dangerous if left unaddressed. These issues should be fixed as soon as possible to ensure guest safety. HVAC system issues:
  3. HVAC systems such as air conditioners and heaters may need repairs if they are not functioning properly. Appliance repairs: Appliances such as refrigerators, ovens, and dishwashers may need repairs from time to time. These repairs should be addressed promptly to prevent further damage to the appliance and ensure guest satisfaction.
  4. Roof repairs: Roof leaks and other roofing issues can be expensive to repair if left unaddressed.
  5. Flooring repairs: Flooring issues such as torn carpeting or cracked tiles can make the property appear unkempt and may be a safety hazard. These issues should be addressed as soon as possible to ensure guest safety and maintain the property’s appearance.
  6. Painting and drywall repairs: Paint chips and drywall damage can make the property look shabby and worn. These repairs should be addressed as soon as possible to maintain the property’s appearance.

 

Landscaping

Maintaining the outdoor space of a short-term rental property is just as important as the inside. A well-maintained outdoor area can create a positive first impression for guests. 

Keep the lawn trimmed, bushes trimmed, and remove any debris or garbage. 

Regularly check outdoor lighting to ensure that the space is well-lit and safe for guests.

 

Maintaining a short-term rental property is essential for both the guest’s experience and the property’s value. By creating a maintenance plan, cleaning regularly, addressing repairs and maintenance issues promptly, and maintaining the outdoor space you can keep your property in great condition.



February 2023 Sevier County Real Estate Market Statistics

Homes

We saw another large drop in average price to $641,572, down $735,033 in Janaury 2023 and $829,234 in December 2022.

Properties spent an average of 77 days on the market, a slight increase from 68 days on the market in January 2023.

Price per square foot saw another slight increase to $395 per square foot in February 2023, up from $373 in January 2023 and $369 in December 2022.

The average price for land/lots saw an decrease to $118.394, a

 

Land

The average price for land/lots saw an decrease to $118.394, a decrease from $158,542 in January 2023, but higher than the average price in December 2022 at $102,244. The average days on market saw a large increase to 292 days.

 

 

What You Need to Know: Tree Removal and Liability

Tree Removal and Liabilities - What you need to know

Trees are an important part of our natural environment, but must be properly maintained or they can pose a risk to nearby buildings and properties.

In this blog post, we will answer some of the most common questions people have about tree removal and liability for damage to neighboring properties.

 

Who is responsible for tree removal cost?

The responsibility for the cost of removing a tree depends on a number of factors, including 

  • the reason for the removal 
  •  the location of the tree.

If the tree is on private property and needs to be removed for reasons of safety or health, the property owner is generally responsible for the cost of removal. If the tree is located on public property, such as a sidewalk or park, the cost of removal may be the responsibility of the municipality or other public agency.

 

I’m not sure a tree is mine, how can I find out?

The University of Tennessee Extension Institute of Agriculture published an article on Tree Owner’s Rights and Responsibilities. You can view it here.

 

What steps should I take to prevent tree-related damage to my neighbor’s property?

To prevent tree-related damage to your neighbor’s property, you should regularly inspect your trees for signs of disease or damage, and have any necessary maintenance or pruning done by a qualified professional. You should also be aware of any potential risks posed by your trees, such as overhanging branches or weak roots, and take steps to mitigate those risks.

 

Can my neighbor make me remove my tree if it is causing damage to their property?

If a tree on your property is causing damage to your neighbor’s property, your neighbor may ask you to remove the tree. In some cases, your neighbor may be able to take legal action to compel you to remove the tree if it is posing a significant risk or if it is causing significant damage to their property.

 

What types of damage can a tree cause to neighboring properties?

Trees can cause a range of damage to neighboring properties, including damage to buildings, fences, and other structures, as well as damage to landscaping, vehicles, and other property.

 In extreme cases, falling trees can also cause injury or death.

 

What happens if a tree falls on my neighbor’s property and causes damage?

If a tree on your property falls and causes damage to your neighbor’s property, you may be held liable for the cost of the damage. 

Liability will depend on a number of factors, including the cause of the tree’s fall and whether or not you knew or should have known that the tree was at risk of falling.

 

Can my neighbor sue me if my tree damages their property?

Yes, your neighbor may be able to sue you if your tree damages their property. 

However, liability will depend on a number of factors, including the cause of the tree’s fall and whether or not you knew or should have known that the tree was at risk of falling. 

If the tree fell due to natural causes, such as a storm or other act of nature, you may not be held liable. 

However, if the tree fell because it was diseased, damaged, or otherwise unstable, and you knew or should have known about the risk, you may be held liable for the cost of the damage. 

It’s important to note that liability for tree-related damage can be a complex issue, and may depend on local laws and regulations, as well as the specific circumstances of each case. 

If you are facing a legal dispute related to tree-related damage, it’s recommended to consult with a qualified legal expert.

 

Is it necessary to obtain permission from my neighbor before removing a tree?

In most cases, you do not need to obtain permission from your neighbor before removing a tree on your property. However, it is a good idea to inform your neighbor of your plans and discuss any potential concerns they may have.

 

What are the legal requirements for tree removal in my area?

The legal requirements for tree removal vary depending on the location and the specific circumstances. In general, it is a good idea to check with your local municipality or other relevant authorities to find out what the legal requirements are in your area.

To find out more information about the specific regulations in your area, we recommend contacting your local municipality. Here are some contact details for local municipalities:

Sevier County

Sevierville 

Gatlinburg 

Pigeon Forge

If I own a home in Sevier County, who can help me with tree removal?

The city of Gatlinburg provided a list of tree trimming and removal experts, you can find it here.

As a property owner, it’s important to take steps to maintain and manage your trees to prevent damage to neighboring properties and minimize liability for tree-related accidents. 

Regular inspection and maintenance by qualified professionals can help identify and address potential risks posed by your trees, and communication with your neighbors can help avoid disputes and legal action. If you are facing a legal dispute related to tree-related damage, it’s recommended to seek legal advice to better understand your rights and responsibilities. 

By being proactive and responsible, you can enjoy the benefits of trees on your property while minimizing the risks and liabilities they may pose.

 

*It’s important to note that the information provided in this blog post is for general informational purposes only and should not be construed as legal advice. While we have made every effort to provide accurate and up-to-date information, we cannot guarantee the accuracy or completeness of the information provided. 

 

What are easements?

Easements are an important legal concept in real estate.

They allow one party to use a portion of another party’s land for a specific purpose. Easements can be beneficial to property owners, but they can also create potential conflicts and liabilities that buyers and sellers should be aware of. In this post, we’ll explore what easements are, the different types of easements, and what they mean for property owners.


What is an Easement?

An easement is a legal right that allows a person or entity to use a portion of someone else’s property for a specific purpose. Easements can be granted by property owners to other parties, or they can be imposed on a property by a court or government agency. Easements can be permanent or temporary, and they can be exclusive or non-exclusive, meaning that the easement holder may or may not have the sole right to use the land.


Types of Easements

 

There are several different types of easements, each with its own purpose and legal requirements. We’ll cover a few different types of easements below: 

  1. Utility easements: These easements allow utility companies to access a property for the purpose of installing, maintaining, or repairing utility infrastructure, such as power lines, gas lines, or water pipes.
  2. Access easements: These easements provide access to a property that would otherwise be landlocked, meaning that there is no direct access to a public road or thoroughfare.
  3. Conservation easements: These easements are used to preserve natural resources or wildlife habitat on a property, and they typically limit the type and amount of development that can occur on the land.
  4. Recreational easements: These easements allow public access to a portion of a property for recreational purposes, such as hiking, hunting, or fishing.
  5. Easements of necessity: These easements are granted by a court to provide access to a property that would otherwise be inaccessible due to geographic or other physical constraints.

 

What are the limitations and risks?

While easements can be beneficial to property owners, they can also create potential conflicts and liabilities. Here are a few things that property owners should be aware of when dealing with easements:

  1. Maintenance and repair responsibilities: In most cases, the property owner is responsible for maintaining and repairing any portion of the property subject to an easement. This means that property owners should be aware of any potential costs or liabilities associated with maintaining and repairing the easement.
  2. Access limitations: Easements can limit the owner’s ability to use or develop a portion of the property, so it’s important for property owners to understand the scope and limitations of any easements on their land before making any plans for development or use.
  3. Liability risks: Property owners who grant easements to others may be liable for any damages or injuries that occur on the easement, so it’s important to understand the potential risks and liabilities associated with the easement before granting it.
  4. Property value: Easements can impact the value of a property, either positively or negatively, depending on the type and location of the easement. It’s important for property owners to understand the potential impact of any easements on the value of their property.

Easements are an important legal concept in real estate that can create both opportunities and challenges for property owners. It’s important for buyers and sellers to understand the different types of easements, their legal requirements, and the potential risks and liabilities associated with them. If you are considering buying or selling a property with an easement, it’s important to consult with a qualified real estate professional to ensure that you fully understand the legal and financial implications of the easement.

*The information provided on this website is not a substitute for legal advice from a qualified attorney licensed in your jurisdiction.

January 2023 Sevier County Real Estate Market Statistics

Sevier County Market Statistics for Homes

The average price during the month of January 2023 was $735,033 a substantial drop from the average price of $829,234 in December 2022.

Properties spent an average of 68 days on the market in January 2023, down from 78 days on the maket during the month of December 2022.

Price per square foot saw a slight increase from $369 in December 2022 to $373 in January 2023.

Sevier County Market Statistics for Land

The average price for land/lots saw an increase to $158,542 in January 2023 from just above $102,244 in December 2022.

The average days on market decreased from 160 days in December 2022 to 132 in January 2023.

 

 

A snapshot of average home prices in 2022.

 

A snapshot of days on market in 2022.

Mortgage Rates Fall for Fourth Week in a Row: An Analysis

The mortgage industry has been closely following the recent decision made by the Federal Reserve (Fed) to raise the interest rates. The Fed’s action to slow down the pace of increases sends a clear message that the central bank is seeing progress in its battle with inflation. This article provides an in-depth analysis of the current state of mortgage rates and what it means for homebuyers and homeowners.

How the Fed Influences Mortgage Rates

The Fed does not set the interest rates directly, but its actions do have an impact on them. Mortgage rates tend to track the yield on 10-year US Treasury bonds, which is influenced by the Fed’s actions, expectations, and investors’ reactions. When Treasury yields go up, so do mortgage rates, and when they go down, mortgage rates tend to follow.

“The Federal Reserve controls short-term rates, but long-term rates, including 30-year mortgage rates, are a function of market expectations for the path of the economy and investors are betting that the economic slowdown and the Fed’s eventual victory over inflation will result in lower rates over time.” –  Mike Fratantoni, senior vice president and chief economist at the Mortgage Bankers Association. 

 

Expert Predictions for February

According to Rick Sharga, Executive Vice President of Market Intelligence for ATTOM, “unless the Fed unexpectedly raises the Fed Funds rate dramatically at its next meeting, or we get a surprisingly bad inflation report, it seems most likely that mortgage rates will plateau or perhaps decline slightly.” Sharga expects rates to average between 6.0% and 6.25% for the 30-year mortgage and between 5.25% and 5.50% for the 15-year mortgage loan in February.”

Nadia Evangelou, Senior Economist and Director of Real Estate Research for the National Association of Realtors, also predicts a continued downward trend in mortgage rates for February. 

What the Market Thinks

After the recent Fed meeting, Chairman Jerome Powell acknowledged that the US has made progress on inflation, but stopped short of saying that inflation was tamed. 

A word from our friends at Fairway Mortgage

“The Fed raised the fed funds rate by .25% as expected.  We knew this – lately we always know this going in. What markets were interested in was the Fed statement and Fed Chair Jerome Powell’s statement and subsequent press conference. Right now mortgage bonds and treasuries are rallying (mortgage rates are getting better) and stocks are rallying on the news.” – Corey Freels 

Powell’s comments and the market’s reaction indicate that the market believes inflation is cooling, which means mortgage rates are coming down.

 

In conclusion, the recent Fed decision to raise interest rates has had a positive impact on the mortgage industry, with experts predicting continued downward trends in mortgage rates. Homebuyers and homeowners should keep an eye on the market and consider taking advantage of these favorable conditions while they last.



Septic Tank Facts!

Septic tanks are an important part of many homes and businesses that are not connected to a public sewage system. These tanks are used to treat and dispose of wastewater, and they play a crucial role in ensuring that properties are able to properly and safely dispose of their waste.

 In this blog post, we will take a closer look at septic tanks, their functions, and the process for installing a new septic system.

What is a septic tank?

A septic tank is a large underground tank. Septic tanks are typically made of concrete, fiberglass, or plastic. Septic tanks are designed to hold wastewater, the tank allows waste to settle to the bottom while the liquid waste is filtered and discharged into the surrounding soil. 

The main function of a septic tank is to treat and dispose of wastewater in a safe and environmentally friendly manner. The tank contains bacteria that help to break down the waste and reduce the amount of harmful pollutants in the water. The solid waste is held in the tank until it can be pumped out and disposed of. 

Why is a septic tank important?

Septic tanks are important for a number of reasons:

  1. Environmental protection: Septic tanks help to protect the environment by treating and disposing of wastewater in a safe manner. They prevent pollutants and harmful bacteria from entering nearby bodies of water and groundwater, which can have a detrimental effect on the ecosystem.
  2. Health and safety: Septic tanks help to prevent the spread of disease by treating and disposing of waste in a sanitary manner. 
  3. Cost-effective: Septic tanks can be a cost-effective solution for homes and businesses that are not connected to a public sewage system. They eliminate the need for expensive and complex connections to a public sewage system, and they can also help to reduce the cost of waste disposal.
  4. Durability: Septic tanks are made of durable materials such as concrete, fiberglass or plastic, they can be expected to last for decades if properly maintained, keeping the cost of replacement low!
  5. Reliability: Septic tanks are a reliable solution for waste disposal. They are designed to work effectively and efficiently, and they can handle large volumes of waste without the need for frequent maintenance

What’s the process for septic tank installation?

Installing a septic system typically involves the following steps:

  1. Site evaluation: The first step in installing a septic system is to conduct a site evaluation. This will include a review of the soil conditions, the topography of the land, and the location of any nearby wells or bodies of water. This information will be used to determine the suitability of the property for a septic system.
  2. Design: Once the site has been evaluated, the next step is to design the septic system. This will include determining the size of the tank and the size of the drain field. The design will be based on the results of the site evaluation and will take into account the number of bedrooms in the home, the expected volume of waste, and the soil conditions of the property.
  3. Permits and approvals: After the design has been completed, the next step is to obtain any necessary permits and approvals from local authorities. This will vary depending on the location and regulations of the area, but typically includes permits from the health department and the building department.
  4. Installation: Once all necessary permits and approvals have been obtained, the septic tank can be installed. The installation process typically involves digging a hole for the tank, installing the tank and connecting it to the drain field, and then backfilling the hole. The installation should be done by a licensed and experienced septic system installer.
  5. Inspection: After the installation is complete, the system will be inspected by the local health department or other appropriate agency to ensure that it has been installed correctly and that it meets all local regulations.
  6. Maintenance: Once the septic system is installed, it is important to schedule regular inspections and maintenance to ensure that it continues to function properly. This typically includes having the tank pumped out every 3-5 years, and inspecting and maintaining the drain field.

How much does a new septic tank installation cost?

The cost of a new septic system can vary widely depending on several factors, such as:

  1. Size of the tank: The size of the septic tank will affect the cost of the installation. Larger tanks can hold more waste and will typically cost more to install.
  2. Type of tank: Different types of tanks, such as concrete, fiberglass, or plastic, can have different costs associated with them. Concrete tanks are typically more expensive than fiberglass or plastic tanks, but they are also more durable and longer-lasting.
  3. Soil conditions: The soil conditions of the property can also affect the cost of the installation. If the soil is not suitable for a septic system, additional work may be required to prepare the site, which can increase the cost.
  4. Drain field: The size and type of drain field required will also affect the cost. A larger or more complex drain field will cost more to install.
  5. Accessibility: If the site is hard to access, it can increase the cost of the installation. For example, if the site is located on a hill or in a remote area, it may require additional equipment or labor to install the tank.
  6. Permits and inspections: The cost of permits and inspections can vary depending on the location and regulations, they can add an additional cost.
  7. Labor: The cost of labor can also vary depending on the location and the experience of the septic system installer.
  8. Additional features: Some septic systems come with additional features, such as alarms, that can increase the cost of the installation.
  9. Maintenance: The cost of regular maintenance also should be taken into account when budgeting for a septic system installation.

On average, however, a new septic system can cost anywhere from $3,000 to $15,000 or more. It is important to obtain multiple quotes from different septic system installers to get an idea of the average cost of a new septic system in your area.

In conclusion, septic tanks play an important role in ensuring that homes and businesses are able to properly and safely dispose of their waste. They are a crucial component of many homes and businesses that are not connected to a public sewage system. While the cost of a new septic system can be substantial, it is a necessary investment that will ensure that your home or business is able to properly treat and dispose of its waste for many years to come.

2022 Real Estate Market Statistics

This week we segmented certain areas of the market to provide specific market statistics for those areas.
Below you’ll find market statistics for Condos and Single Family Homes in Gatlinburg and Pigeon Forge.

 

Condos in Gatlinburg

Average Price: $357,930
Average Reported Rental History: $42,697
Average Days on Market: 44
Average Price Per Square Foot: $384
Number of Units Sold: 64

 

Single Family Homes In Gatlinburg

Average Price: $818,501
Average Reported Rental History: $84,127
Average Days on Market: 56
Average Price Per Square Foot: $405
Number of Units Sold: 336

 

Condos in Pigeon Forge

Average Price: $397,794
Average Reported Rental History: $36,909
Average Days on Market: 44
Average Price Per Square Foot: $335
Number of Units Sold: 42

 

Single Family Homes in Pigeon Forge

Average Price: $787,740
Average Reported Rental History: $82,559
Average Days on Market: 44
Average Price Per Square Foot: $409
Number of Units Sold: 271

December 2022 Real Estate Market Statistics in Sevier County, Tennessee

Homes in Sevier County, Tennessee

The average price during the month of December was $829,234 the highest price we’ve seen all year.

Properties spent an average of 78 days on the maket during the month of December, which was the same amount of time homes spent on the market in November, down from 85 days in October.

Price per square foot saw a decrease from $445 in November to $369 in December.

 

Land in Sevier County, Tennessee

The average price for land/lots in December is just above $102,244.

The average days on market saw a large increase to 160 days.

 

Read the past month’s market statistics for Sevier County, Tennessee here!