With most of my clients either buying or selling investment cabins, chalets, or condos, I am asked many questions about the rental aspect of these properties. The top two questions are: What is the difference in using a rental company and renting it out yourself? and… What are the average management split and fees with rental companies?
Now that you have a new address, send out all your change of address notices.
Complete your Change of Address notices and mail them to the following. Keep in mind that the post office will forward your mail for 30 days but they do expect that you are sending notices to everyone who sends you mail. (more…)
Pre-Qualification is a simple process that only takes minutes over the phone. Most sellers require pre-qualification letters with offers. Your lender can tell you what price range you are approved for, and what your monthly payment will be. This is a very easy process that is sometimes overthought by a potential buyer. Once you know your ideal price range and payments, you’ll know what price you’re comfortable in purchasing.
When you are ready to begin looking at various houses to find your dream home, you need to prepare all of the necessary materials to present to the lender. Your lender will tell you exactly what you can afford so that you do not spend time looking at “too much” home. There are three key factors that you will need to consider when determining how much home you can afford. These are 1.) the down payment, 2.) Your ability to qualify for a mortgage, and 3.) The closing costs associated with your transaction. (more…)
With the Smoky Mountains being one of the top vacation destinations in the nation, it’s no surprise that a great deal of transactions in the area involve investment properties. More specifically, rental cabins (or chalets or condos).
Enjoy the peace and quiet, privacy, and views of the Smoky Mountains, all while being 10 minutes from town! This cabin was built with quality in mind, with an excellent floorplan that could be used as a rental home or permanent residence. It has grossed over $97K YTD in 2016. (more…)
Impressive rental investment! This 8 Bedroom/7 Bath, Tri-Level LOG cabin, located between the prime areas of The Preserve and The Homestead communities in Wears Valley, is sure to be a winner for your investment portfolio. All-wood craftsmanship, this cabin is in the comfortable style of relaxed luxury and offers three levels of breathtaking panoramic views of the GSMNP! (more…)