Location vs Amenities: What Matters Most for Smoky Mountain Short Term Rentals

When deciding to invest in short term rental property in the Great Smoky Mountains there are multiple factors to consider to make your property a success! 

While hot tubs, game rooms, and a large sleeping capacity are appealing selling points, there is one factor that ranks higher than all the others– location.

 

Why Location Remains King in the Smokies

There’s a reason the classic real estate mantra “location, location, location” has endured for generations—it’s simply that important.

Properties within a 15-20 minute drive of major attractions like Dollywood, the Great Smoky Mountains National Park entrance, the main Parkway in Pigeon Forge, and downtown Gatlinburg command higher nightly rates and produce a higher occupancy rate. 

Proximity to attractions provides guests with convenient access to the experiences that brought them to the mountains in the first place.

Properties located further away from these central points, generally need to compensate with standout amenities like views, outdoor spaces, or pool access to maintain competitive occupancy rates.

 

Privacy: A Growing Trend in Mountain Rentals

While proximity to attractions remains essential, the definition of an ideal location has evolved in recent years. 

Privacy has become increasingly more important in our rental market. 

Guests are looking for the best of both worlds – peaceful mountain views without being too far from restaurants, shopping, and entertainment options. 

Properties that offer a sense of immersion in nature while remaining within a reasonable distance to attractions can command a premium in today’s market.

 

Amenities: What Makes Your Smoky Mountain Rental Stand Out

In areas where many properties share similar locations, amenities become critical differentiators that can set your rental apart from the competition.

However, we’ve found it’s important to view amenities as enhancements to a well-located property rather than compensation for a poor location.

Popular amenities that consistently deliver strong returns in our market include:

When considering which amenities to invest in, it’s important to evaluate the return on investment relative to your property’s location. 

A property with a mediocre location might not see sufficient occupancy increases to justify expensive amenity additions, while a well-located property might benefit significantly from even modest amenity upgrades.

 

Sleeping Capacity: Finding Your Ideal Guest Mix

The number of guests your property can accommodate affects both who will book your rental and how much revenue it can generate.

Larger properties with more bedrooms can command higher nightly rates but may experience lower occupancy during off-peak periods when smaller groups are traveling.

Things to think about when determining sleeping capacity for your investment property in the Smokies: 

  • Who is your target market?(families, couples, multi-family groups, etc.)
    • What does that mean for the balance between occupancy rates and nightly rates?
  • How might your property’s location attract different group sizes?

Properties closer to attractions often perform well with varied sleeping capacities, because their convenient location appeals to both small and large groups. 

Properties in more remote locations sometimes benefit from higher sleeping capacities to attract larger groups looking for a private retreat experience.

 

Making the Smart Investment Decision in the Smoky Mountains

When searching for the perfect short-term rental investment in the Smokies, a location-first approach typically yields the best long-term results. 

This means:

  1. Identify the best location you can afford within your budget
  2. Evaluate properties based on their proximity to major attractions
  3. Consider privacy and views as secondary location factors
  4. Assess amenities and sleeping capacity as ways to optimize a well-located property

 

The Bottom Line for Smoky Mountain Investors

While amenities and sleeping capacity are important factors that can enhance a property’s appeal and revenue potential, location remains the foundation of a successful short-term rental investment in our beautiful Smoky Mountains. 

The ideal approach is to secure the best location possible within your budget, then optimize amenities and sleeping arrangements to maximize appeal to your target guests.

Remember this critical distinction that we share with all our clients: you can always add amenities to a property, but you can never change its location. 

Start with the best location you can afford in the Smokies, and build your investment strategy from there.

If you are looking to begin your short term investment search in the Smokies we’d love to help you get started! 

Your Guide to Pigeon Forge’s Premier Condo Complexes

 

The Great Smoky Mountains offer more than just breathtaking views and abundant outdoor activities – they present a unique opportunity for property ownership that combines the serenity of mountain living with strong investment potential.

Pigeon Forge welcomes millions of visitors annually and well-located condos can generate impressive rental income!

Whether you’re searching for a vacation home, a retirement retreat, or an investment property with strong rental income potential, Pigeon Forge condos offer advantages that traditional cabin properties can’t match. 

Let’s explore the premier condo complexes in this beloved mountain destination and discover what makes each one special!

 

Why Consider a Condo in Pigeon Forge?

Before diving into specific complexes, it’s worth understanding why condos in Pigeon Forge have become increasingly popular among both investors and vacation homeowners:

  • Lower Maintenance: Unlike standalone cabins, condos offer the advantage of shared maintenance responsibilities. When you’re not in residence, you won’t need to worry about exterior upkeep, landscaping, or common area maintenance.
  • Amenities: Most condo complexes offer resort-style amenities that would be cost-prohibitive for individual homeowners – pools, fitness centers, game rooms, walking trails, and more.
  • Location: Many condo complexes are strategically positioned near attractions, shopping, and dining making them convenient for both owners and guests.

 

Bear Crossing Condominiums

Bear Crossing has established itself as one of Pigeon Forge’s most sought-after condo communities, and with good reason. Located just off the Parkway, these units offer the perfect balance of accessibility and tranquility.

Situated near the heart of Pigeon Forge, Bear Crossing provides easy access to attractions while maintaining a peaceful setting. You’ll be minutes from Dollywood, The Island, and countless dining and shopping options.

The complex features both indoor and outdoor swimming pools, allowing for year-round swimming regardless of weather. 

The well-maintained grounds include picnic areas and charming walking paths.

Typically offering 1-3 bedroom layouts, these units are known for their mountain-inspired décor, stone fireplaces, and private balconies. Most units include full kitchens, washer/dryer connections, and generous living spaces.

See active listings at Bear Crossing Condominiums here!

 

River Place Condos

As the name suggests, River Place Condos offers a distinctive riverside setting that sets it apart in the Pigeon Forge market.

These units are positioned along the Little Pigeon River, providing soothing water views and the pleasant soundtrack of flowing water. This waterfront setting creates a premium experience that many visitors specifically seek out.

River Place features attractive stone and wood exterior architecture that complements the natural setting. The well-maintained grounds enhance the peaceful riverside experience.

Residents and guests enjoy access to swimming pools, hot tubs, basketball goals, and riverside seating areas. The complex’s gas lamp-lit river walking path is particularly popular for morning strolls or evening relaxation.

Typically offering 1-3 bedroom configurations, River Place units feature open floor plans, river-view balconies in many units, and contemporary mountain décor.

See active River Place Condos here!

 

Whispering Pines Condominiums

Whispering Pines stands out for its exceptional combination of central location and comprehensive resort amenities. 

Perfectly positioned just off the Parkway, Whispering Pines offers walking distance access to attractions, restaurants, and shopping while maintaining a peaceful setting set back from the main road.

Few complexes can match the extensive amenities offered here: indoor and outdoor pools, lazy river, hot tubs, fitness center, putting green, and seasonal poolside activities. These features create a true resort experience that appeals strongly to vacationers.

Available in 1-3 bedroom configurations, these units typically feature well-appointed kitchens, comfortable living areas, and private balconies. Many units have been tastefully updated with modern furnishings and décor.

See active Whispering Pines condos here!

 

Mountain View Condos

True to its name, Mountain View Condos offers some of the most impressive vistas in the Pigeon Forge area.

Positioned on elevated terrain, many of these units feature sweeping views of the Smoky Mountains, creating a premium experience that many visitors specifically seek out.

The complex features swimming pools, gathering spaces, volleyball, basketball, corn hole, horse shoes, indoor and outdoor pool, and a playground, and the architectural style harmonizes with the mountain setting.

Available in various configurations, these units stand out for their view-maximizing design elements, including expansive windows and spacious view-facing balconies. Interior finishes generally reflect mountain modern styling.

View Mountain View Condo listings here!

 

Riverstone Resort

Riverstone has established itself as one of the premium luxury options in the Pigeon Forge condo marke.

From the impressive entrance to the high-end finishes, Riverstone is an upscale resort rather than a typical condo complex.

The amenity package is truly exceptional, featuring a lazy river, indoor and outdoor pools, full-service spa, fitness center, and putting green. 

Typically offering spacious layouts with high-end finishes, Riverstone units feature gourmet kitchens, luxury bathrooms often with jetted tubs, stone fireplaces, and generous balconies. Many units include upgraded technology features and designer furnishings.

VIew Riverstone Resort active listings here. 

 

Cedar Lodge Condominiums

Cedar Lodge offers a charming mountain aesthetic combined with a convenient location that appeals to a wide range of visitors.

Set just off the main Parkway, Cedar Lodge provides excellent accessibility to attractions while maintaining a more secluded feel than some roadside properties.

The complex features attractive cedar and stone architectural elements that reinforce the mountain lodge experience. The landscaped grounds create an inviting atmosphere.

Typically available in 1-3 bedroom configurations, Cedar Lodge units often feature rustic-inspired décor, wood accents, and mountain-themed furnishings. Many units include fireplaces and private balconies.

View Cedar Lodge listings here.

 

View all active Pigeon Forge Condo listings here!

 

 

Comparing the Complexes

When evaluating these properties, consider these key factors:

  • Location Priority: Are you seeking 
    • walking distance to attractions (Whispering Pines) 
    • a riverside setting (River Place)
    • premium views (Mountain View)
    • luxury amenities (Riverstone)
  • Amenity Preferences: Do you prioritize multiple pools, fitness facilities, water features, or walking trails?
  • Investment Goals: Properties like Riverstone might command higher purchase prices but also higher rental rates, while others may offer more moderate entry points with solid returns.
  • Size Requirements: Unit sizes and configurations vary across complexes, so consider your space needs and those of your target rental guests.

 

 

Buying Considerations for Pigeon Forge Condos

When purchasing a condo in Pigeon Forge, keep these factors in mind:

  • HOA Fees: These typically range from $250-$500+ monthly depending on the complex and amenities. Review what these fees cover and the HOA’s financial health.
  • Rental Programs: Some complexes offer on-site rental management, while others allow you to choose your own program or self-manage. Compare program terms, fees, and performance.
  • Financing: Condo financing can differ from single-family homes. Some complexes may have restrictions or require higher down payments. Working with a lender familiar with Smoky Mountain investment properties is advisable.
  • Seasonal Factors: Consider how the property performs year-round. Some complexes maintain stronger off-season performance than others.

 

The Short-Term Rental Opportunity

Pigeon Forge continues to demonstrate strong appeal as a vacation destination, creating excellent rental opportunities for condo owners. Consider:

  • Occupancy Potential: Well-maintained units in quality complexes can achieve 55-65% annual occupancy, with significantly higher rates during peak seasons.
  • Revenue Range: Annual rental revenues depend on the complex, size, and condition.
  • Management Options: On-site programs offer convenience, while independent management companies may provide more personalized service or different fee structures.
  • Success Factors: Professional photography, compelling listings, positive guest experiences, and responsive management significantly impact rental performance.

 

Finding Your Perfect Pigeon Forge Condo

As specialists in Smoky Mountain real estate since 1996, the Jason White Team offers unparalleled expertise in the Pigeon Forge condo market. We understand the nuances of each complex, the investment potential, and how to match properties with your specific needs and goals.

Whether you’re seeking a vacation home to enjoy with your family, a retirement retreat in the mountains, or an investment property with strong returns, we’re here to guide you through the process with the knowledge that comes from decades of experience in this unique market.

Ready to explore the Pigeon Forge condo opportunity? 

Contact us today for personalized guidance, property tours, or a comprehensive investment analysis tailored to your objectives. Let our expertise become your advantage in finding the perfect Smoky Mountain property.

 

Key Short-Term Rental Trends to Watch in 2025

 

As we look ahead to the evolving landscape of short-term rentals in 2025, several notable trends are reshaping the market for property owners and investors. A recent industry report from AirDNA highlights important shifts that could impact your investment strategy or current rental property.

 

Supply Slowdown Creates Opportunity

One of the most significant developments is the slowing growth of new listings in the U.S. market. 

With higher interest rates, rising property prices, and tighter regulations, fewer properties are entering the market. This trend is creating stronger pricing power for existing hosts, potentially leading to higher occupancy rates and better returns.

 

Focus on Experience and Uniqueness

Today’s travelers expect more than just a place to stay, luxury rentals must now deliver exceptional experiences and high-value amenities

Luxury travelers are looking for eco-conscious designs, smart home automations, wellness-focus spaces, and tech integrations. 

Luxury stays are becoming smaller but more refined. According to AirDNA’s 2025 Outlook Report, demand for one- and two-bedroom high-end properties is rising as fewer large groups travel together. Solo travelers, couples, and remote professionals are now driving the market”

 

Climate Considerations and Diversification

Climate change is becoming a critical business factor for STR owners. 

Properties in hurricane-prone areas and wildfire zones have experienced significant disruptions, emphasizing the importance of preparedness and possibly geographic diversification.

 

Unique rentals continue to outperform in 2025

This year’s travelers are looking for unique stays – something guests can’t find anywhere else. 

Maybe that’s a striking design, a sought after location, or a total stay that feels like an escape. 

 

Major Events Draw Tourism 

Major events create spikes in demand! 

Staying informed about local events and adjusting your pricing strategies during those times allow hosts to capitalize on events. 

 

Strategic Operations Matter More Than Ever

Successful hosts are adopting several key operational strategies:

  • Cross-listing on multiple platforms to maximize visibility and bookings
  • Implementing SEO best practices to improve listing performance
  • Developing direct booking channels to reduce platform dependency
  • Leveraging local events to adjust pricing and maximize revenue

While regulations continue to present challenges in some markets, they’re also creating opportunities in others as non-compliant listings exit, reducing competition for those who adapt and comply with local requirements.

As the short-term rental market matures, success increasingly depends on strategic positioning, thoughtful market selection, and professional operations that meet evolving guest expectations.


This blog post is based on insights from AirDNA’s 2025 Outlook Report on short-term rental trends.

 

Best Neighborhoods for Short-Term Rentals in Pigeon Forge: A Local’s Guide

When it comes to investing in a short-term rental property in Pigeon Forge, location isn’t just important—it’s everything. 

As a team that’s been serving the Smoky Mountains since 1996, we’ve seen firsthand how choosing the right neighborhood can make all the difference in your rental’s success.

 

Why Purchase a Short Term Rental In Pigeon Forge?

Nestled in the breathtaking setting of eastern Tennessee, Pigeon Forge welcomes between 10-13 million tourists annually, making it one of the fastest-growing tourist destinations in the South – a true tourism powerhouse. 

Located just five miles from Gatlinburg along Highway 441, this charming town offers the perfect blend of action-packed attractions and natural beauty.

Visitors flock to Pigeon Forge for its diverse attractions:

  • Dollywood & Dollywood’s Splash Country Water Park
  • Outdoor adventures including hiking, tubing, and horseback riding
  • Numerous family attractions
  • Four distinct, mild seasons

 

Understanding Pigeon Forge’s Layout

Before diving into specific neighborhoods, it’s crucial to understand Pigeon Forge’s unique layout. 

The town is structured around a main parkway, with various residential and rental communities branching off into the surrounding mountains and valleys.

 

Key Considerations When Choosing a Neighborhood in Pigeon Forge:

  • Main Parkway vs. Secondary Areas: Properties closer to the main strip offer convenience but may face more traffic 
  • Mountain Views vs. Valley Settings: Higher elevations typically offer better views but may have more challenging access 
  • Proximity to Attractions: Consider distance to major draws like Dollywood 
  • Traffic Patterns: Understanding seasonal flow can impact guest satisfaction

 

Top Neighborhoods for Short-Term Rentals

When it comes to choosing the perfect location for your short-term rental in Pigeon Forge, several neighborhoods stand out for their unique advantages and proven track records. Let’s explore some of the most promising areas for your investment.

 

Bluff Mountain Area

The Bluff Mountain area hosts some of Pigeon Forge’s most sought-after rental communities, including the established neighborhoods of Walden’s Ridge and Laughing Pines. 

These communities have earned their reputation through years of successful rentals, offering mature landscaping, strong community atmosphere, and reliable access roads that guests appreciate.

View active listings in the Bluff Mountain Area.

 

The Summit at Bluff Mountain

For investors seeking premium properties,The Summit at Bluff Mountain represents the pinnacle of mountain living. 

Spanning an impressive 565 acres of mountaintop real estate, 

The Summit sets itself apart with thoughtful infrastructure planning. All utilities, including future-ready fiber optic cabling, run underground, ensuring unobstructed mountain views. The community offers the reliability of city water, while wide 22-foot roads with moderate grades make travel easy for your guests year-round. 

Nature lovers will appreciate the 80 acres of protected wilderness through The Foothills Land Conservancy, along with multiple overlooks, picnic areas, and nature trails throughout the development.

View active listings in The Summit.

 

Cedar Falls

Cedar Falls has earned its reputation as one of Pigeon Forge’s premier luxury log cabin communities. 

Nestled within 50 acres of pristine wilderness, this neighborhood perfectly balances natural privacy with robust amenities. 

Your guests can enjoy authentic mountain architecture and high-end finishes while taking advantage of extensive community features. 

The neighborhood offers something for everyone: a refreshing community pool, children’s playground, picnic area with fire pit, sports facilities including basketball and volleyball courts, horseshoe pits, a peaceful nature trail, a catch-and-release pond, and even a chapel. 

These amenities, combined with the community’s strong rental performance, make Cedar Falls an excellent investment choice.

View active listings in Cedar Falls.

 

Alpine Mountain Village

Location is everything in the short-term rental market, and Alpine Village delivers exactly that. 

Situated less than 400 yards from the Pigeon Forge Parkway, this community offers unbeatable convenience for guests who want to be close to the action. The proximity to attractions makes property management a breeze, while guests appreciate the easy access to everything Pigeon Forge has to offer. 

This combination of convenience and accessibility often drives strong rental performance.

View active listings in Alpine Mountain Village.

 

Parkside Resort

For investors seeking a true resort-style community, Parkside Resort offers an impressive package. 

This peaceful retreat features minimal traffic flow, making it perfect for families who want to walk or bike safely. The community’s unique hiking trails lead to hidden gems – an alcove playground for children and stunning views of Pigeon Forge that make every hike worthwhile.

Parkside Resort truly shines in its amenities package. Guests can enjoy both indoor and outdoor pools, with the outdoor pool featuring an exciting 60-foot water slide. The community also offers a game arcade, 18-hole putt-putt course, multiple kids’ playgrounds, and a creekside pavilion complete with a double grill and fireplace. The on-site dining option at The Grille at Parkside adds another layer of convenience for guests. With professional management and built-in marketing advantages, Parkside Resort makes property ownership as turnkey as possible.

View active listings in Parkside Resort.

 

Brookstone Village 

Brook Stone offers an attractive option for investors focused on value and convenience. Its proximity to the strip provides easy guest access while the price point often provides excellent potential for return on investment. 

This community proves that you don’t need to sacrifice location for value in Pigeon Forge.

View active listings in Brookstone Village. 

 

Making Your Decision

When choosing a neighborhood for your short-term rental investment, consider:

  1. Target Market: Different neighborhoods attract different types of guests
  2. Budget: Purchase price and potential returns vary by location
  3. Management Style: Some areas are better suited for self-management
  4. Long-term Goals: Consider future development and area growth

 

Next Steps

Investing in a Pigeon Forge short-term rental is an exciting opportunity, but it’s important to work with experienced professionals who understand the local market. 

The Jason White Team has been helping investors navigate these waters since 1996, and we’d love to share our expertise with you.

Whether you’re ready to start your property search or just gathering information, we’re here to help.

We own short-term rentals ourselves, we’ve built them, bought and sold them, and we understand what makes them successful in this unique market.

Let our experience be your guide in finding the perfect neighborhood for your investment goals. Contact us today!

 

Exploring Neighborhoods: A Local’s Guide to Finding Your Dream Cabin in Gatlinburg

After nearly three decades of helping folks find their perfect piece of Smoky Mountain paradise, we’ve learned that location is an important factor for your short term rental performance. 

Whether you’re looking for a peaceful retreat or a lucrative investment property, each Gatlinburg neighborhood has its own unique charm and advantages. 

Let’s explore what makes each area special.

 

Glades / Arts & Crafts Community: Where Tradition Meets Tranquility

Nestled along an 8-mile loop, the Arts & Crafts Community isn’t just a tourist destination – it’s a slice of authentic mountain living. 

Here you’ll find:

  • Traditional mountain architecture that perfectly captures the area’s artistic heritage
  • Peaceful settings away from the downtown hustle, perfect for those seeking a true mountain escape
  • Direct access to local artisans and galleries, adding cultural value to your investment
  • Properties typically priced moderately compared to downtown areas
  • Strong appeal for those looking to immerse themselves in genuine mountain community life

Our very own, Stephanie Huskey, grew up in the Glades / Arts & Craft Community and it’s one of her favorite areas because of all the Artisans and small cafes. 

 

Chalet Village: The Gold Standard of Mountain Living

As one of Gatlinburg’s most established communities, Chalet Village has earned its reputation as a premier location. 

Here’s what makes it special:

  • Three clubhouse facilities featuring swimming pools and tennis courts
  • Proven rental history and stable property values
  • Active HOA that maintains high community standards
  • Premium access to Ober Mountain for year-round mountain activities

The higher elevations in Chalet Village offer some of the most breathtaking views in the Smokies, but remember – with great views comes winter weather consideration. 

Make sure to factor in year-round accessibility when choosing your specific location.

 

Cobbly Nob: Exclusive Mountain Living

Cobbly Nob offers premium amenities including 24/7 security personnel and three outdoor pools. The community takes responsibility for maintaining private roads, including paving, snow removal, landscaping common areas, and maintaining signage. Individual homeowners are responsible for their personal driveways.

This gated community offers a more regulated mountain living experience:

  • Controlled access providing enhanced security
  • Golf course proximity
  • Strict development standards maintaining property values
  • Larger lot sizes for more privacy
  • Premium mountain views
  • Generally higher price points reflecting the exclusive nature
  • Particularly appealing for primary residents

 

Downtown Adjacent Areas: Where Convenience Meets Opportunity

Properties near downtown Gatlinburg offer unique advantages for the savvy investor:

  • Walking distance to attractions and restaurants (a major selling point for vacation rentals)
  • Excellent rental potential due to prime location
  • Mix of property ages offering various investment opportunities
  • Higher land values with potential for commercial development
  • Strategic position for mixed-use development

Keep in mind that with downtown proximity comes tourist traffic – something to consider depending on your intended use.

 

Practical Considerations When Searching for your Dream Cabin in Gatlinburg

Before falling in love with any neighborhood, consider these crucial factors:

 

Access

  • Winter weather impact on roads (especially important for rental properties)
  • Distance to emergency services
  • Road maintenance responsibility (crucial for year-round accessibility)

 

Amenities

  • Distance to grocery stores and basic services
  • Medical facility access
  • Restaurant proximity
  • Entertainment options

 

 Regulations

 

Making a Decision When Buying a Rental Cabin in Gatlinburg

After 27 years of helping investors and homeowners find their perfect mountain property, we’ve learned that the right choice comes down to balancing these key factors:

  1. Your primary goal (investment return vs. personal enjoyment)
  2. Desired proximity to attractions
  3. View preferences and their impact on rental potential
  4. Budget constraints including purchase price and ongoing maintenance
  5. Community amenity preferences
  6. Access requirements for your intended use
  7. Rental restriction importance

Remember, the “perfect” location varies depending on your specific needs and goals. As your local experts in Smoky Mountain real estate since 1996, we’re here to help you navigate these considerations and find the ideal spot for your dream cabin.

Want to learn more about specific areas or discuss your investment goals? 

Give us a call at 877.678.2121. We’ve been living and breathing Smoky Mountain real estate for nearly three decades, and we’d love to share our expertise with you.

 

1031 Exchanges: Key Information and Hurricane Helene Extensions

 

For real estate investors, 1031 exchanges can be a powerful tool for deferring taxes on capital gains when swapping investment properties. Recent events like Hurricane Helene have brought additional tax relief to affected areas, including extensions for 1031 exchange deadlines.

In this post, we’ll provide a quick overview of what a 1031 exchange is, answer common questions, and dive into the critical extensions offered in the wake of Hurricane Helene.

 

What is a 1031 Exchange?

A 1031 exchange—named after Section 1031 of the Internal Revenue Code—allows you to defer paying capital gains taxes when you sell an investment property, provided you reinvest the proceeds into another “like-kind” property. This tax-deferral strategy can help investors build wealth over time by continually rolling gains into new properties, without taking an immediate tax hit.

Key points:

  • Like-kind refers to real estate property of the same nature, such as swapping a rental property for a commercial building.
  • Since the Tax Cuts and Jobs Act in 2017, 1031 exchanges only apply to real property (i.e., real estate) and no longer include personal property like equipment or vehicles .

 

What Are the Key Deadlines for a 1031 Exchange?

A 1031 exchange has specific timing requirements:

  • You must identify a replacement property within 45 days of selling your original property.
  • You have 180 days to complete the purchase of the replacement property.

These deadlines are strict—unless there’s a natural disaster, like Hurricane Helene.

 

What Happens to 1031 Exchange Deadlines After Hurricane Helene?

The IRS has provided significant relief to taxpayers impacted by Hurricane Helene, extending key tax deadlines, including those for 1031 exchanges. If you’re in an area affected by the hurricane, here’s what you need to know:

  1. Extension for 1031 Exchange Deadlines:
  • Investors impacted by Hurricane Helene now have until May 1, 2025 to complete actions related to their exchanges, including identifying and closing on replacement properties.
  • This extension applies to all individuals and businesses located in the disaster areas, which include Alabama, Georgia, North Carolina, South Carolina, and parts of Florida, Tennessee, and Virginia  .

 

  1. Who Qualifies for the Extension?:
  • Any taxpayer residing or operating a business in areas covered by the FEMA disaster declaration qualifies for these extended deadlines. The links above to each state provide details for counties included in the relief. 
  • This includes properties located in affected regions, as well as taxpayers whose records or tax professionals are in the impacted areas, even if the taxpayer themselves is not .

 

How Does This Impact My 1031 Exchange?

If your exchange transaction is affected by Hurricane Helene, these extensions give you additional time to:

  • Identify replacement properties beyond the typical 45-day window.
  • Complete the exchange within the extended timeframe of May 1, 2025, rather than adhering to the original 180-day rule.

For instance, if your 1031 exchange process started before or during the hurricane, your deadlines for both identifying and closing on replacement properties will now be extended. This can provide crucial breathing room for investors navigating logistical challenges caused by the disaster.

If you believe you qualify for these extensions, be aware that they’re automatically applied to those with an IRS address in the disaster area. However, if you receive a late filing notice, we recommend contacting the IRS to resolve any discrepancies.

 

The Hurricane Helene relief measures offer much-needed flexibility for real estate investors engaging in 1031 exchanges in disaster-affected areas. Understanding these extensions can help you navigate the process smoothly and ensure you make the most of the tax benefits available.

For more details on 1031 exchanges or to determine if you qualify for the Hurricane Helene extensions, consult the IRS disaster assistance page and speak with qualified tax and legal professionals.

Summer Readiness for Vacation Rentals

Do you hear it? 

The mountains are calling! As the summer vacation rental season starts to heat up, you want to be sure your vacation rental is in tip-top shape. In this blog post, we’ll cover summer readiness tips for your short term vacation rental. 

 

Ensure your Air Conditioning Unit is in Excellent Operating Condition 

Because we live in a temperate rainforest a reliable cooling system is a necessity. Maintaining your air conditioning unit allows your guest to be comfortable during their stay. This is a crucial factor for positive reviews and repeat bookings. 

Scheduling routine maintenance by professionals can ensure your system operates in the most efficient and effective way. 

Be sure to educate your guest on the proper use of the thermostat, if you do not have a programmable thermostat. 

Don’t forget to verify that your property manager is replacing your air filters regularly and completing regular visual inspections so that you can call a professional if there are any leaks or unusual noises. 

Neglecting AC maintenance can lead to unexpected breakdowns, costly repairs, and unhappy guests.

 

Complete Preventative Pest Control

Pests can quickly turn a dream vacation into a nightmare. 

Preventive measures are your first line of defense. Start by sealing any cracks and openings around windows, doors, and foundations to keep pests out. 

Installing screens on windows and seals on doors can also be a simple yet effective way to prevent insects from entering the property.

Scheduling seasonal treatments with a professional pest control company allows you to ensure the safety of your guests, and your home. These treatments can create a barrier around your property, deterring pests from entering.

It’s a good idea to schedule ongoing maintenance treatments to keep pests at bay throughout the summer. 

Don’t forget to verify that your property manager is regularly checking for signs of pests so that you can address any issues immediately, as well as removing standing water and keeping the property clean and free of debris.

Be sure to educate your guests about how they can prevent pests – by keeping doors closed and disposing of trash properly. 

 

Prepare Outdoor Spaces for Max Relaxation 

The outdoor spaces of your vacation rental are often the first impression guests will have of your property and one of the spaces they will spend the most time in, especially if the weather is nice and you have amenities, like a hot tub! 

Most often guests to the Smokies are looking to enjoy the ambiance of nature – your outdoor spaces allow your guests to do just that.

Be sure to regularly inspect your outdoor furniture and amenities, like grills, firepits and hot tubs, for damage or wear so that you can replace or repair any items that don’t meet the standards of your short term rental. 

Scheduling regular maintenance and landscaping allows you to create a welcoming environment and enhance your property’s curb appeal.

Don’t forget to verify that your property manager is ensuring walkways are clear and safe for guests by removing any obstacles or hazards that could cause accidents. 

 

As short term rental property owners it’s so important to capitalize on the busy summer season! 

Put your best foot forward by maintaining your HVAC system, completing preventative pest control, and ensuring your outdoor spaces are as comfortable and safe as they can be!

 

Vacation Rental Occupancy Rates: What They Are and Why They Matter

Maximizing your vacation rental occupancy rate is important for maintaining the highest return on your investment property, and that’s something we all want, isn’t it? 

This blog post will walk you through what occupancy rate is, how to calculate it, and a few practical tips to increase yours. 

How to Calculate your Vacation Rental Property Occupancy Rate?

Occupancy rates are calculated by taking the percentage of time a vacation rental property is booked and comparing it to its total time available for bookings. 

Let’s walk through an example. You own a STR in the Smokies and you like to use it for 2 weeks at Christmas, two weeks in the summer, and one week in the fall – for a total of 35 days. 

Which means that your short term vacation rental is available for a total of 330 days. 

Formula: (total days booked/total available days) * 100

If you home is booked for 175 of those days, your occupancy rate is 53%
If you home is booked for 225 of those days, your occupancy rate is 68%

 

What Occupancy Rate Should I Be Looking to Hit for My STR?

Average Airbnb occupancy rates vary from market to market and year to year. You can see how the national average occucancy rate has fluctuate, per AirDNA

  • Trailing twelve months (TTM), March 2023 to February 2024: 55.1%
  • 2023: 55.4%
  • 2022: 58.6%
  • 2021: 60.3%

There are numerous ways you can improve your vacation rental occupancy rates!

 

Optimize Your Price to Increase Your Short Term Rental Occupancy Rate

Pricing is one of the most straightforward ways you can impact your occupancy rates. Utilizing dynamic pricing allows you to adjust your nightly rates based on the demand patterns.  

This gives you the ability to 

  • Offer discounts for longer stays 
  • Incentivize last minute bookings 
  • Lower your rates during slower periods. 

 

Elevate Your Amenities to Improve Your Vacation Rental Occupancy Rate

Set your home apart from the pack by elevating the amenities you offer. That can be done in a number of ways – a more comfortable space, items not found in most rentals, or personal touches upon check in. 

Spend just a bit of time thinking about the things that matter to you when you go on vacation, and decide how you can improve them in your rental! 

Is it important to you that the vacation rental you stay in feels like home? In what ways can you bring a bit of “home” to your rental? (We don’t know anyone that doesn’t like comfy couch blankets…)

Is it important that the short term rental you stay in be unique? What items can you provide in your rental that aren’t found in most others?

Do you feel extra special when you find a personal touch left by the host when you check in? In what ways can you provide those for your guests?

 

Expand your Sleeping Areas to Increase Your Occupancy Rates 

Expanding your sleeping areas allows you to cater to larger groups of people. 

We all know how fun (for the most part) going on vacation with people you love is – why not do your best to make sure everyone is comfortable? 

There are so many ways you can expand your sleeping areas 

  • Could you make one of your rooms a double queen room – hotel style?
  • Could you add bunk beds to the game/recreational room?
  • Could you switch your couches to sleeper sofas?

Not sure how to best expand your sleeping areas? This blog offers practical tips to transform tight spaces into cozy sleeping areas

 

Hire a Professional Property Manager so That You Can Increase Your Occupancy Rates

You might be managing your rental from afar right now, which sometimes makes things hard to react to quickly. 

It’s important to run your numbers before you decide to hire a professional property manager, but you might find that the lift in occupancy rate is worth the cost! 

There are multiple types of property management options you can choose from! 

 

There are tons of other ways you can increase your vacation rental occupancy rates! 

  • Encourage your guests to leave reviews 
  • Offer your guests an incentive to book another stay with you 
  • Optimize your listing – titles, descriptions, and photos
  • Run promotions
  • Consider upgrades

 

Improving your vacation rental occupancy rate isn’t a one and done issue. It requires your continued attention. 

By monitoring your results, evaluating your data, reviewing guest feedback, and taking action on those items you can be sure to see improvements in your occupancy rates. 

 

Spring Home Maintenance Checklist for Your Short Term Rental in the Smokies

 

The weather is clearing, flowers are blooming, birds are chirping and now is a great time to go through a Spring Maintenance Checklist for your Short Term Rental in the Smokies. 

This blog post will walk you through 7 areas that could use your attention this spring. 

Performing regular maintenance on your short term rental helps you maintain the value of your home and to prevent costly repairs as your home ages. 

 

#1 Inspect the Exterior of Your Home 

Winter can be rough on your home’s exterior! Spring is a fantastic time to take a good look to evaluate if your home might need repairs.

Begin your visual inspection by looking for cracks, peeling paint, warped boards, or loose siding. 

If your home’s exterior is looking a bit dated, Spring is a great time to schedule a fresh stain, or siding replacement. 

 

#2 Clean Your Gutters and Downspouts 

Proper gutter and downspout maintenance may seem like a small task, but it can save you from costly headaches in the long run! 

Clogged gutters and downspouts can lead to water damage, foundation issues, and roof leaks if not attended to. 

It’s important to remove obstructions and ensure water is being directed away from your home’s foundation. 

 

#3 Inspect and Clean Your HVAC System

Spring is here, which means that summer is well on its way! And summer in the Smokies is no joke – it’s important that you prepare your HVAC system to function optimally for the busy summer season. 

An HVAC inspection can extend the lifespan of your system and ensure it’s operating optimally! 

Your HVAC inspection may include: 

  • Replacement of filters
  • Inspection of ducts for dust, mold and debris
  • Testing of fan motor
  • Check the HVAC cabinet for leaks
  • And More 

Completing regular maintenance on your HVAC system is an excellent way to prevent costly and untimely repairs. 

 

#4 Inspect Your Doors and Windows

Now is the time to check your door and windows for any air leaks, gaps, or cracks that might need to be repaired. 

In order to maintain a tight seal you may need to replace weatherstripping around your doors, or caulking around your windows. 

If your doors and windows are aging you might consider a replacement to more energy efficient materials. 

 

#5 Inspect Your Deck or Patio 

It’s officially porch season! It’s time to give your space a good clean – remove debris, dirt, or mildew buildup. 

Once clean, you’ll want to inspect your decking for any signs of water damage, loose boards, railings, pest damage, or any other damage. 

You might consider adding a fresh coat or stain or sealant. 

Taking care of small issues on your deck can help prevent costly repairs in the future. 

 

#6 Inspect Your Roof 

Your roof is your home’s first line of defense against the elements. 

Take a close look at your roof as part of your spring maintenance routine. 

You’ll want to look for missing, cracked, or loose shingles, as well as any water stains or leaks in your attic or ceiling which could be a sign of something more serious.

If you notice any serious issues or are unsure about the condition of your roof – call in a professional roofing contractor so that they can compete an inspection for you. 

 

#7 Pest Inspections and Prevention

Pests like porch season too! Now that the weather is warmer, household pests are coming out to play.

Completing some of the other items on the Spring Maintenance Checklist like inspecting your doors, windows, deck, and roof will help you keep pests at bay. 

You may also want to 

  • Take a look around your foundation for any cracks 
  • Make note of any area where you see droppings, chewed materials, or nesting areas

If you have any infestations or disturbances due to pest it’s best to call in a professional pest control service.

Learn more about common pests and how to prevent them here! 

 

As a short-term rental owner in the Smoky Mountains, completing preventative maintenance on your rental property allows you to keep your home in tip-top share, which provides a steady stream of bookings and repeat guests! 

 

3 Amenities to Maximize Your Short Term Rental Income

In this blog post, we’re diving deep into three amenities that can help you maximize your rental income: pools, gyms, and hot tubs.

AirDNA provides a few stats related to the availability of these amenities 

  • Pools are found in 44% of luxury properties, versus 25% of budget properties.
  • Hot tubs are featured in about 33% of luxury listings, while only 5% of budget properties include them.
  • Gyms appear in approximately 24% of luxury properties, compared to 16% in budget listings.

 

 

Pools 

There are so many different ways you can provide pool access for your short term rental – resort pool, inground outdoor pool, above ground outdoor pool, stock tank pool, swim spa, or inground indoor pool, and probably many more creative ideas we haven’t listed. 

Most often we see these three types of pools at short term rentals in the Smokes 

  • Resort access 
  • Inground indoor 
  • Swim spa 

Why a pool at your short term rental?

Providing a way for your renters to create memories with the group they are traveling with without leaving your property is a huge benefit! 

Not only is this a benefit to your guest, but can be a benefit to you as a property owner through increased desirability and the ability for higher nightly rates. 

 

Maintenance considerations for the pool at your short term rental

You’ll want to consider ongoing maintenance when deciding if a pool is right for you as a short term property owner, such as 

  • Regular cleaning and chemical treatment.
  • Safety measures (fencing, pool rules, etc.).
  • Potential liability concerns and insurance coverage.

“Specifically, luxury listings with pools see a Revenue Per Available Rental (RevPAR) increase of around 38% compared to those without pools.”

 

Hot tubs 

Your guests have most likely packed their schedules full of fun things to do while they are in town, whether that be a full day out on the town or hiking in the Smokies. 

Providing a way for them to wind down and relax after a long day is such a benefit! 

Not only does a hot tub provide a relaxing experience for your guests, it can also be a benefit to you as property owner by complementing your outdoor space and allowing you to command a premium nightly rate. 

You’ll want to consider ongoing maintenance when deciding if a hot tub is right for you as a short term property owner such as regular cleaning, chemical treatment. As well as, potential liability concerns and required insurance coverage. 

“With a reported RevPAR increase of around 33% for luxury properties with hot tubs.”

 

Gyms 

Maintaining your health is extremely important – what a benefit to provide the ability to do so without having to take additional time out of their well deserved vacations to find the opportunity to do so. 

Adding a gym, whether big or small, to your vacation rental allows you to meet the needs of health conscious individuals conveniently

You’ll want to consider potential liability concerns and required insurance coverage when deciding if adding a gym to your short term rental property is advantageous for you. 

“While the inclusion of pools and hot tubs offers the largest RevPAR and occupancy boosts for higher-tier properties, the inclusion of gyms actually benefits lower-tier properties more. They experience a larger boost in RevPAR and occupancy rates.”

 

*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.