Smoky Mountain Vacation Rental Owners

Posted on 10/19/2022

Why You Should Buy a Short-Term Rental Home in The Great Smoky Mountains

The Great Smoky Mountains are one of the most popular tourist destinations in the United States. Every year, millions of people visit the area to enjoy its stunning scenery, hiking trails, and abundance of wildlife. 


If you're considering buying a vacation home in the Smokies, you may wonder if a short-term rental is a good investment. The answer is a resounding yes! Here are four reasons Colonial Properties believes everyone should buy a short-term rental home in The Great Smoky Mountains: 


1. There's No shortage of tourists


As we mentioned, the Smokies are one of the most popular tourist destinations in the country. This means there's no shortage of people looking for vacation rentals in the area. You'll have no trouble finding tenants if you own a short-term rental. 


2. You can charge premium prices


Because there's such high demand for vacation rentals in The Great Smoky Mountains, you can charge premium prices for your rental property. This is especially true if your rental home is near popular attractions like Gatlinburg or Pigeon Forge. 


3. Vacation rental homes appreciate


Like all real estate, vacation rental homes appreciate over time. This means that you will not only make money from renting out your property but also see a return on your investment when you eventually sell the property. 


4. It's a great way to generate passive income


Investing in a short-term rental property is an excellent option if you're looking for a way to generate passive income. Once you've purchased the property and found tenants, there's not much else you need to do besides collect the rent checks! 


If you're considering buying a vacation home, we highly recommend purchasing a short-term rental in The Great Smoky Mountains. No shortage of tourists is looking for rentals in the area, so you'll have no trouble finding tenants. Because of the high demand, you can also charge premium prices, and your vacation rental home will appreciate in value over time. It's also great to generate passive income with very little work required! Check out how Colonial Properties can help guide the process and take away the stress of owning a short-term rental!

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