The Premier Short Term Rental Acquisition Company.
The Great Smoky Mountains, TN
With nearly 13 million visitors in 2022, the Great Smoky Mountains National Park had more visitors than the Grand Canyon, Yosemite, and Yellowstone combined.
WHAT ARE THE GREAT SMOKY MOUNTAINS?
Gatlinburg
The Hallmark Card of the Smokies with tons of family-friendly activities, classic small-town window shopping, Sky Trams / Sky Lifts / Sky Bridge, and dozens more amazing attractions all within walking distance of the downtown area.
Pigeon Forge
The fun zone for the Smokies! Dollywood Amusement Park, Dollywood Splash Country, and near nightly fireworks shows in the Summer season, Ferris wheels, bungee jumping, tons of outlet stores, and miles of family-friendly fun right on the Parkway.
Sevierville
Suppose you can’t find what you’re looking for in Pigeon Forge or Gatlinburg. In that case, Sevierville steps up with seemingly unlimited activities, and many more attractions currently being developed, to bring in the fun-seeking public. From shopping at outlet centers to outdoor activities, to water parks, the Tennessee Smokies Double-A baseball team, and too many restaurants to count. Not to mention, a little thing called the Great Smoky Mountains National Park filled with scenic drives, hiking, biking, canoeing, and zip lining, take your pick. And of course, it’s Dolly Parton’s hometown!
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WHAT MAKES THE SMOKY MOUNTAINS SO ATTRACTIVE TO INVESTORS?
Location, location, location!
- The first rule of real estate has always been location!
- The Smokies might be the most centrally located vacation market, on a national scale, as one can get.
- Note how much of the Eastern United States is within a 12-hour drive to the Smokies.
If you build it…
- Approximately 80% of Americans live east of the north/south line from Texas to North Dakota. If you extend drive time just a few hours more, there are many more people who can still make it to the Smokies in a day's drive.
- If driving isn’t your thing, we have the Knoxville airport approximately 1-hour drive from the Smokies and the City of Sevierville has a small airport for smaller aircraft and private planes.
Business-friendly state & local governments!
- Tennessee’s property taxes are shockingly low compared to most states across the US. It’s not uncommon to see million-dollar cabins with a property tax bill under $5,000 per year (often lower depending upon the municipality).
- TN is also one of the few US states with no individual income taxes.
- Tennessee is becoming well known for being a low-tax, business-friendly state, not just for short-term rentals, but also high net worth individuals and income-conscious retirees looking to relocate here to keep more of their hard-earned income.
The Zoning & Restrictions Issue!
- Zoning and restrictions are paramount in making multi-year, multi-decade investments in the short-term rental space, and are arguably one of the most challenging issues facing STR investors in many markets nationwide.
- Prime Example: Dallas city council banning short-term rentals in owner-occupied neighborhoods.
- Seasoned markets, like the Smokies, with decades of short-term rental history are a lower-risk market when compared to non-vacation and non-seasoned STR markets.
- Compared to non-seasoned municipalities that can change your short-term rental into a long-term rental (or worse) with one city council meeting, why take the risk?
- With 50+ years of seasoned short-term rental history in place, and a local economy that is basically dependent upon the short-term rental market, the Smokies is likely one of the lowest-risk STR markets in the US today.
Unmatched natural beauty!
- Few destinations can compete with the classic, long-range Smoky Mountains views.
- From snow-capped peaks in Winter to cherry blossoms in Spring and the annual yellow/orange/red leaves change in the Fall, the Smokies are a year-round draw with little/no slow season.
Do you have more questions about Smoky Mountains Market ?
the Short term shop has offices in these markets
- 3401 Mallory Ln Suite 100 Franklin, TN 37067
- info@theshorttermshop.com
