I am excited to share with you one of my favorite tax benefits on our Smoky Mountain rental properties. It is called “Accelerated Depreciation.” This accelerated depreciation has been allowed by the IRS for many years, it is just not commonly known. I remember when an accountant friend of mine told me about it. I […]
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How to Get a Good Deal in this Market The best way to get a good deal in this market is to purchase a property that is underperforming. Of course, you must understand and analyze correctly why it has a lackluster performance. But once you analyze that, you will be able to troubleshoot the issues
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2023: A Good Year to Invest in the Great Smokies In the last few years, the Great Smoky Mountain area has been rated by VRBO, Trip Advisor and others who track short term rental revenues as one of the top 10 places in the United States to invest. One month we were thrilled to find
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Many of us are excited to bring in the new year of 2023. One of the biggest questions we get from our second home owners and our investment cabin community is what does it look like for rental proceeds this next year? This is a great question! Of course, predicting is always an art and
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At the end of every year, I am asked, “I am planning to list this next year. When should I list and how do I prepare?” Great question! If you are considering selling, here are a few tips to help you have the best experience. Do not list during the Christmas holidays, nor the first
Our Next Market will be a Balanced Market One thing is for sure: real estate is never boring! That is even more true here in the Great Smoky Mountain market where second homes and investment properties, meaning cabins, mix up what one might think of as a more normal residential market. Even though vacation cabins
Absolutely you should! The good news is that Gatlinburg, Sevierville and Pigeon Forge are in the top five places of the nation to invest your real estate money, month after month! With all the unsettling financial news, interest rates rising and the powers that be just doing their best to head us straight into a recession
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As we discussed last month, the market is shifting to a buyers market. While we are not completely there, you are going to see property for some time priced and presented all over the place! Keep a steady course, keep your head, and do your homework. Remember – write your top goals in purchasing real estate and
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There is one big hairy question right now that is top of the mind for our clients! WHAT IN THE WORLD IS HAPPENING IN THE MARKET? I am going to answer to the best of my ability as I have a front row seat. The local market hit an all-time high in February 2022. It
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Tips on preparing your property for top dollar resale During the last couple of years of high buyer demand and a low supply of property from sellers, curb appeal was still incredibly important in getting the best offer possible. As we move into a new season with higher interest rates, it’s even more important. Here
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