I pulled the trigger on a new construction in the gatlinburg area earlier this year. When it’s done I should already have $200k in equity and a place that will gross $150-200k a year. Not bad for my first time. Need to get another second home for my wife 😀
@@brandonm5083 someone I know who knows the area well hooked me up with a developer. Locked in a price very early this year. Finally closed in August and they honored the price. Had to jump through a lot of hoops with septics and number of bathrooms but is all working out. Place is coming along nicely.
@@churn_diesel excited for you! We are under contract for a 4/6 with indoor pool and theater room. Price touching 900, but it should gross around your figures. Stress eating while we do our diligence!
$324K for a place like that in the Smoky Mountains is an absolute steal, especially considering the income it generates. You can't touch anything close to that for under $650K right now. Well done.
As a personal recommendation from someone who stayed in the smoky mountains in an air bnb for a month is including as many kitchen appliances and bathroom amenities as possible. Our air bnb host had everything and our drive into town was down a rough bumpy road so to have everything we needed/avoid trips to the store was super nice!
In Colorado hot tubs are the most requested amenity. After a full day of skiing or a full day of hiking nothing feels better on the legs than a hot tub.
I wanted to stay in this air bnb!! My boyfriend and I live in airbnbs each month traveling while we work & I think this might’ve been one we considered!
Great video! For upgrades, my first thought is to resist the temptation to change anything that creates the rustic vibe. Design-wise, keep it as-is. Instead, focus on modern amenities. You didn't talk about any of the CapEx stuff, but I would do those first -- replace the roof (if needed), make sure the deck is sturdy, update whole house plumbing. Next, I would go for stuff that is on its last legs. Replace it with similar design but high quality. I hope 2022 is even more profitable for you, and I can't wait to see what your next project is!
As a RE Appraiser, I get asked all the time, "What kind of upgrades are going to bring me, the most value." My answer is always, "That depends on your neighbors." What do your comps say you should do to your home? Always fix what is in disrepair, but, will new kitchen cabinets bring in more guests, than painted cabinets, if they both have marble counters? I've been researching properties just south of Disneyland and I can tell that having a yard or garage with a place for kids to play, is going to get more bookings than having a luxury condo. You don't even need to have a Disney themed place, just make it fun for the kids, and provide a quiet place for their parents to decompress, lol.
Thank you again Rob! I'm closing on my second STR in December and really needed to hear your reassurance. IMO the remodel could be mostly paint and furnishings. A play area for the kiddos would be a nice feature to add if you have the space.
"The best time to buy was 10 years ago" pretty sure you heard that from me LOL Remodel suggestion: the one thing I hated in that chalet was those ancient sliding glass doors! Though honestly probably not a ton of value add in replacing them, so whatever :) You all are killing it!
Great content Rob! My first airbnb is going to do about a 60% Cash on Cash Return this year which is wild! Not as big of numbers but much better than a 401K!
I've looked through all of your videos but you haven't talked about the most important aspect of your business. How do you protect yourself from liability, what is your business structure? LLC, S-Corp, Etc. Also, what are your property tax implication on the tiny home you built on your property? Hope to see the answers in future videos.
LOVE your videos. I am really curious though on the business side of the house and would LOVE if you made a video. Do you have 1 LLC that covers all your properties? How are your taxes? Do you use QuickBooks &/or an Accountant? How do you get the financing to purchase Airbnb property? Ya know, all the boring technical stuff. I would forever be grateful for such content! Thanks Rob and Rob's Avengers!
I always love the detail and transparency in your content. I do have 1 call out. You didn't mention supplies, maintenance or unexpected misc. costs in your expenses. I have a STR in the NY Catskills area getting a similar cash on cash return. However, with a big back yard and generous in-house amenities, I do also add these categories for my P&L. Can you speak to any costs that might not be detailed in the video?
What a charming chalet you have there! I honestly think the only update you need to do is the kitchen cabinetry. Just a suggestion as a mama with littles, that couch being against the stairwell makes me super nervous 🥺 I could see a toddler climbing on that couch and possibly falling over the top into the stairwell. So I don’t know if you could wall that off or put decorative railing up to prevent a potential tragedy.
Cosmetic update to kitchen. Paint if needed around the house. Fire pit. Kid area I’m sure if you read your reviews it’ll point you in the right direction of where to inject money. Love your content as always!
I already have my foot in the door with RE investing and watching your videos makes me so much more excited for my future. Thanks again for sharing your journey
I'm really hoping I can get started investing next year. Your videos really make me feel like I can do it too. One thing I noticed in your video was a lack of natural light in some places. So, if I were to remodel I would look for a way to increase natural light. Also, updating the kitchen could potentially increase the nightly rates in my opinion.
I found this a little after the fact but if I owned that little place, the only thing I would change out is those OLD sliding glass doors for nice french doors or new sliders... It will be a huge upgrade without breaking the bank...... great buy and amazing profit maker!! Oh yeah... I would also clean up those rocks on the fireplace and put in a wood stove insert.
Converted den bedroom…here is my $0.02…stay with wood but eliminate the paneling. Maybe a horizontal application of ship lap or rough hewn wood planks? Still woodsy, rustic but updated and modern in the approach.
I am under contract on a chalet that is similar to this but needs WAY more work. Yours actually gave me hope about what is possible and is helping me not be so frightened. Lol. I don't think yours really NEEDS much done to it. Now, if you wanna get creative, like I know you do, than I'd go for replacing the sinks and some paint and more cosmetic stuff. Luckily it's got good bones and a nice layout already. Good purchase!
Amazing video! I live in Atlanta just a few hours away and within the next 2 years I will be buying my first airbnb around that area. Thanks for the videos and the information.
Nice, thank you for another great video. #1 thing to remodel is definitely the kitchen. Def don't paint the wood paneling -- that stuff definitely adds to the charm. Updated living room furniture probably, paint in there, some of the decor like you mentioned. Maybe update the baths too.
since you asked, I would get rid of the sliding glass door that looks out to the side of the hot tub. I'd just be waiting for a bear to fall through that glass. LOL plus not a very attractive view out the inoperable sliding doors of the hot tub. Maybe you can close it off and put in a higher window or add a window on a different wall. I get the paneling being rustic but I think I would paint it or get rid of it. There are a lot of paint colors that are not white. Or a nice headboard would hide part of the panelling. None of these design issues, including the kitchen, would prevent me from booking. Your added decor went a long way!
Hey Rob! My wife and I just came across your channel on Sunday and we’re loving your content! We are Airbnb superhosts with one STR and a recently purchased duplex that we are using as an LTR. We want to build an Airbnb empire! (Insert scary laugh). Any simple advice on expanding and making that leap for the next 2, 3, 10 STR purchases? My recommendation would be to re-do the kitchen (modern appliances/cabinets and such but not taking away from the rustic feel of the house) and maybe paint other areas as you mentioned. I like the cabin vibe, it really works with being in the mountains.
I must be doing something wrong bc I can't see how one can make much of a return with the housing costs so high in Gatlinburg. I was pumped and ready to buy when I first started watching Rob's channel. Even had wife talked into it.
We need a video on the Robuilt private jet your using to fly all over the United states to the 14+ Airbnbs you have 👀 you could also rent out the plane ✈️ LET’S GOOOO!
Airbnb in gatlinburg is smart because many people book cabins there. I was there in September this yr. and when we were booking for cabin, the dates were almost full. So now that I think of it, I should buy a property investment over there.
Thank you thank you thank you for breaking down all the costs and incomes. I actually want to buy something similar on the other side of the state line in NC. We are also going to be turning our current house into a double unit that has an in law suite at the beach in Wilmington. We would like to have a house in the mountains and at the beach so this video is very good info. Thanks again.
The property looks perfect as is, but if I had 50 k to throw at it to make it more marketable and profitable I would add a small sauna for 2 - 4 people. This would make the listing stand out more than other other average cabins in the area and give a more luxury/relaxation vibe. + Who can say they have a sauna in their home? haha, keep up the good work man, love your b rolls.
You could upgrade the sliding door/windows of the den, it could be a lot more energy efficient in that room with some modern Scandinavian windows. The kitchen is the obvious.
You have to do the kitchen, honestly the rest looks good or good enough but that kitchen could use something like a live edge counter and a copper sink with some more rustic cabinets to match the rest of the home
This is where I'm torn. I absolutely love the smokies go there all the time. I'm trying to figure out what my first rental unit should be. A STR like this (would love to have this Rob) or a LTR like a duplex or quad using as a hack. Any advice?
Definitely update the kitchen, granite, nice appliances and faucet. Just from a photograph perspective it will hold a lot of weight in almost everyone’s mind when they consider your property.
Generic/vague question incoming: is the market super hot all around the area? I'm looking at little West towards Robbinsville. It'd be a home base where I could ride my motorcycle and AirBnB it when I wasn't there. Anyways, love the content Rob, keep killing it.
Since you bought the property with a secondary home loan, how are you dividing equity between your partners? Do you eventually plan to transfer the property title to an LLC? I’ve been following a similar investing model and have been trying to figure out the best way to handle an equity split down the line
Might be able to fit a twin over full bunk bed in that den, or a loft with a futon or pullout sofa under it. Or a full size Murphy bed and a twin bunk bed.
Another great video, been watching yours for over a year. How do you select partners for a project, what criteria do you require or look for? Want to learn and get into the STR but not allowed in my market so like to partner in other markets to learn.
Great property and awesome video as always. Do you need an LLC or business license to run a Airbnb in Gatlinburg? If so, how would that work with a 2nd home loan?
I think there are too many wall hangings and chachki items. Other than that not much I would change. Possibly paint color in the main room. I like the idea of fresh white paint with one accent wall in a deep smokey color.
Glad you are wanting to keep the converted den paneling and that you repurposed the stained glass as a wall hanging. Would like to hear why the staircase probably won't meet current code, you were saying ?
Get a modern (maybe midcentury or farmhouse for ex) dose of fashion. Mix it with the ‘someone’s cozy house’ feel you already have going………. For me clean looks and cleanliness are top pleasures after the view so rustic is not my favorite. But cozy? So wonderful to have too.
Thanks another great video Rob. QQ: Do you typically charge back the cleaning fee to your guests? In this video it appears you don't. If so, why not? Would love to hear the thought process
It's just easier to grab those numbers from airbnb cause that is the way they report it, as a host the tenants pay a cleaning fee and that may or may not match each cleaning expense.
Awesome videos brother! This has been my dream to get into doing this in Gatlinburg and pigeon Forge for quite some time. I live in the Charlotte area just four hours away. My family and I want to do this as a source of income to get out of the every day working 9 to 5. Has this worked out for you? Do you have any advice if thinking about getting into the market there?
Great video. I’m in the market. Why do you count cleaning fees as an expense? Isn’t that a pass through to the renters that’s reimbursed? (New here and learning).
I wonder if there are some economical ways to deter bears from your property, besides a full unsightly electric fence. I'd love to live in the mountains or at least rent out an Airbnb for a week, but I'm terrified of bears lol
Actually where you are in Tennessee, there are only black bears and with those you actually have to make yourself loud and big and DO NOT CONCEDE GROUND OR RUN! They might even charge you but if you run or back down they will attack you. They are trying to fake you out. You have to show you are strong and a threat not worth facing. Just want to make sure you know how to approach your next interaction! Stay safe.
Great content but those audio levels.... Yikes!!!! Everythime the music kicks in I'm startled, then when it dies out, I can't hear you after I've adjusted.
Wait.. Only $1400/mo on a 300K mortgage. How is that possible? Especially with only 10% down?.. Should be around 2K. Plus mortgage insurance. Unless your mortgage rate is like..1.5% , right?
What about when it comes to tax time? Rental property depreciation and the write offs you get for the expenses it takes to run this property? How does that change your bottom line?
What if I live out of state? And I want to buy a property in gatlinburg. Of course I dont wanna commit loan fraud or anything but what if I bought a home there and actually live there without changing my driver’s license. And then by the time Im allowed to rent it out, go back home in my housw in NJ? Is that going to work or not?
@@tabottietjen3186 He subtracted it from his gross revenue in this video, so he's listing it as an expense, not income. I agree with you, I thought it's considered income usually.
@@andrews6161 If he's listing cleaning fees as an expense, it likely means he's rolling the cleaning fee charged to guests as revenue. You can set your cleaning fee however you want, so some hosts use (like Real Estate Robinsons) it as an additional revenue source/way to show a lower nightly right by charging more for cleaning than they are paying to their service provider.
![Run Away - Tzuyu(TWICE) ツウィ 쯔위 [Music Bank] | KBS WORLD TV 240906](http://i.ytimg.com/vi/KnHNNyAYiu0/mqdefault.jpg)
I pulled the trigger on a new construction in the gatlinburg area earlier this year. When it’s done I should already have $200k in equity and a place that will gross $150-200k a year. Not bad for my first time. Need to get another second home for my wife 😀
I hate you. But I also am really happy for you lol. Congrats that’s awesome.
That’s awesome. How did you swing that deal? Interested.
@@brandonm5083 someone I know who knows the area well hooked me up with a developer. Locked in a price very early this year. Finally closed in August and they honored the price. Had to jump through a lot of hoops with septics and number of bathrooms but is all working out. Place is coming along nicely.
@@churn_diesel excited for you!
We are under contract for a 4/6 with indoor pool and theater room. Price touching 900, but it should gross around your figures. Stress eating while we do our diligence!
@@churn_diesel interested in any contacts you’ve got for the area!
$324K for a place like that in the Smoky Mountains is an absolute steal, especially considering the income it generates. You can't touch anything close to that for under $650K right now. Well done.
As a personal recommendation from someone who stayed in the smoky mountains in an air bnb for a month is including as many kitchen appliances and bathroom amenities as possible. Our air bnb host had everything and our drive into town was down a rough bumpy road so to have everything we needed/avoid trips to the store was super nice!
In Colorado hot tubs are the most requested amenity. After a full day of skiing or a full day of hiking nothing feels better on the legs than a hot tub.
Are you from Colorado?
I wanted to stay in this air bnb!! My boyfriend and I live in airbnbs each month traveling while we work & I think this might’ve been one we considered!
Interesting. How common is it to run into other digital nomads travelling around as well?
Great video! For upgrades, my first thought is to resist the temptation to change anything that creates the rustic vibe. Design-wise, keep it as-is. Instead, focus on modern amenities. You didn't talk about any of the CapEx stuff, but I would do those first -- replace the roof (if needed), make sure the deck is sturdy, update whole house plumbing. Next, I would go for stuff that is on its last legs. Replace it with similar design but high quality. I hope 2022 is even more profitable for you, and I can't wait to see what your next project is!
As a RE Appraiser, I get asked all the time, "What kind of upgrades are going to bring me, the most value." My answer is always, "That depends on your neighbors." What do your comps say you should do to your home? Always fix what is in disrepair, but, will new kitchen cabinets bring in more guests, than painted cabinets, if they both have marble counters?
I've been researching properties just south of Disneyland and I can tell that having a yard or garage with a place for kids to play, is going to get more bookings than having a luxury condo. You don't even need to have a Disney themed place, just make it fun for the kids, and provide a quiet place for their parents to decompress, lol.
Thank you again Rob! I'm closing on my second STR in December and really needed to hear your reassurance. IMO the remodel could be mostly paint and furnishings. A play area for the kiddos would be a nice feature to add if you have the space.
"The best time to buy was 10 years ago" pretty sure you heard that from me LOL Remodel suggestion: the one thing I hated in that chalet was those ancient sliding glass doors! Though honestly probably not a ton of value add in replacing them, so whatever :) You all are killing it!
So you’re saying the place is doing “beary” well? 😎
Thanks for being so transparent - that's huge for potential investors to know!
Great content Rob! My first airbnb is going to do about a 60% Cash on Cash Return this year which is wild! Not as big of numbers but much better than a 401K!
I've looked through all of your videos but you haven't talked about the most important aspect of your business. How do you protect yourself from liability, what is your business structure? LLC, S-Corp, Etc. Also, what are your property tax implication on the tiny home you built on your property? Hope to see the answers in future videos.
LOVE your videos. I am really curious though on the business side of the house and would LOVE if you made a video. Do you have 1 LLC that covers all your properties? How are your taxes? Do you use QuickBooks &/or an Accountant? How do you get the financing to purchase Airbnb property? Ya know, all the boring technical stuff.
I would forever be grateful for such content! Thanks Rob and Rob's Avengers!
I always love the detail and transparency in your content. I do have 1 call out. You didn't mention supplies, maintenance or unexpected misc. costs in your expenses. I have a STR in the NY Catskills area getting a similar cash on cash return. However, with a big back yard and generous in-house amenities, I do also add these categories for my P&L. Can you speak to any costs that might not be detailed in the video?
What a charming chalet you have there! I honestly think the only update you need to do is the kitchen cabinetry. Just a suggestion as a mama with littles, that couch being against the stairwell makes me super nervous 🥺 I could see a toddler climbing on that couch and possibly falling over the top into the stairwell. So I don’t know if you could wall that off or put decorative railing up to prevent a potential tragedy.
Cosmetic update to kitchen. Paint if needed around the house. Fire pit. Kid area
I’m sure if you read your reviews it’ll point you in the right direction of where to inject money. Love your content as always!
Congratulations rob! That's so awesome! You are such an inspiration
I already have my foot in the door with RE investing and watching your videos makes me so much more excited for my future. Thanks again for sharing your journey
Huge fan of this channel! I think a management fee should be included in the analysis even though y’all are managing it yourselves
I'm really hoping I can get started investing next year. Your videos really make me feel like I can do it too. One thing I noticed in your video was a lack of natural light in some places. So, if I were to remodel I would look for a way to increase natural light. Also, updating the kitchen could potentially increase the nightly rates in my opinion.
I found this a little after the fact but if I owned that little place, the only thing I would change out is those OLD sliding glass doors for nice french doors or new sliders... It will be a huge upgrade without breaking the bank...... great buy and amazing profit maker!! Oh yeah... I would also clean up those rocks on the fireplace and put in a wood stove insert.
Converted den bedroom…here is my $0.02…stay with wood but eliminate the paneling. Maybe a horizontal application of ship lap or rough hewn wood planks? Still woodsy, rustic but updated and modern in the approach.
Love that area you moved to. Great spot. As far as remodels go, I would probably just update the kitchen. Everything else looks great.
Glad to hear this today, my wife and I did a consult with you awhile back and are now in the game! and working through the kinks and the journey.
I'm glad that bears can enjoy jacuzzi as well 😅.
“Made out of tree sticks” ……well done Robert!
That should be a T-shirt I reckon.
I am under contract on a chalet that is similar to this but needs WAY more work. Yours actually gave me hope about what is possible and is helping me not be so frightened. Lol. I don't think yours really NEEDS much done to it. Now, if you wanna get creative, like I know you do, than I'd go for replacing the sinks and some paint and more cosmetic stuff. Luckily it's got good bones and a nice layout already. Good purchase!
Amazing video! I live in Atlanta just a few hours away and within the next 2 years I will be buying my first airbnb around that area. Thanks for the videos and the information.
Congratulations great job you have been smashing it. Even with the bears helping you out.
Nice, thank you for another great video. #1 thing to remodel is definitely the kitchen.
Def don't paint the wood paneling -- that stuff definitely adds to the charm.
Updated living room furniture probably, paint in there, some of the decor like you mentioned.
Maybe update the baths too.
Ditch the Southwestern rug. Be a mountain man. Go with a bearskin rug. Sure, the bear might object but just tell him he'll be RUclips famous. 😁
Seriously greatful for your amazing energy and inspiration! We listed our first Airbnb in Etowah NC (not far away) last week. Teach on teacher 🙏 🥰💕
since you asked, I would get rid of the sliding glass door that looks out to the side of the hot tub. I'd just be waiting for a bear to fall through that glass. LOL plus not a very attractive view out the inoperable sliding doors of the hot tub. Maybe you can close it off and put in a higher window or add a window on a different wall. I get the paneling being rustic but I think I would paint it or get rid of it. There are a lot of paint colors that are not white. Or a nice headboard would hide part of the panelling. None of these design issues, including the kitchen, would prevent me from booking. Your added decor went a long way!
Lysm Rob you're honestly the only youtuber that I've come across that I have similar ideas that I've never told anyone about. Lol you're my favorite!
Great video. Your content has made me more confident with my first Airbnb. First guests are there now. We’ll see how it goes!
Absolutely incredible video my friend! Great info and quickly delivered. Cheers!
I do Interior Design for short term rentals. Love your properties. I would definitely change out the the curtains and countertops!
Hey Rob!
My wife and I just came across your channel on Sunday and we’re loving your content! We are Airbnb superhosts with one STR and a recently purchased duplex that we are using as an LTR. We want to build an Airbnb empire! (Insert scary laugh). Any simple advice on expanding and making that leap for the next 2, 3, 10 STR purchases?
My recommendation would be to re-do the kitchen (modern appliances/cabinets and such but not taking away from the rustic feel of the house) and maybe paint other areas as you mentioned. I like the cabin vibe, it really works with being in the mountains.
Hey man, I literally own the cabin next door! The log cabin down the hill with the outside fireplace. Small world!
Nice, your videos help me to want to get into Airbnb! Thanks for all your doing.
I needed that. Prices are not going to drop anytime soon.
I must be doing something wrong bc I can't see how one can make much of a return with the housing costs so high in Gatlinburg. I was pumped and ready to buy when I first started watching Rob's channel. Even had wife talked into it.
Best video. Straight forward and less jokes! Just facts!
Agree regarding paneling. Normally don’t like that type but fits well. Keep it:)👍🏻
Thanks for the breakdown of the numbers! Very helpful..
We need a video on the Robuilt private jet your using to fly all over the United states to the 14+ Airbnbs you have 👀 you could also rent out the plane ✈️ LET’S GOOOO!
Airbnb in gatlinburg is smart because many people book cabins there. I was there in September this yr. and when we were booking for cabin, the dates were almost full. So now that I think of it, I should buy a property investment over there.
Thank you thank you thank you for breaking down all the costs and incomes. I actually want to buy something similar on the other side of the state line in NC. We are also going to be turning our current house into a double unit that has an in law suite at the beach in Wilmington. We would like to have a house in the mountains and at the beach so this video is very good info. Thanks again.
I’d recommend securing the decor and glass bottles above the bed in the converted den if you haven’t already. That’s one bump away from a disaster
Rob, enserio que haces excelentes inversiones, te felicito. Saludos, Roger Erosa
The property looks perfect as is, but if I had 50 k to throw at it to make it more marketable and profitable I would add a small sauna for 2 - 4 people. This would make the listing stand out more than other other average cabins in the area and give a more luxury/relaxation vibe. + Who can say they have a sauna in their home? haha, keep up the good work man, love your b rolls.
Love love love your rugs, we’re did you get them from?
You could upgrade the sliding door/windows of the den, it could be a lot more energy efficient in that room with some modern Scandinavian windows. The kitchen is the obvious.
You have to do the kitchen, honestly the rest looks good or good enough but that kitchen could use something like a live edge counter and a copper sink with some more rustic cabinets to match the rest of the home
This is where I'm torn. I absolutely love the smokies go there all the time. I'm trying to figure out what my first rental unit should be. A STR like this (would love to have this Rob) or a LTR like a duplex or quad using as a hack. Any advice?
"My neighbors are partying, so I guess I'll wrap it up".
What you meant to say is, "My neighbors are partying, so I guess I'll join them." 😂
Definitely update the kitchen, granite, nice appliances and faucet. Just from a photograph perspective it will hold a lot of weight in almost everyone’s mind when they consider your property.
Generic/vague question incoming: is the market super hot all around the area? I'm looking at little West towards Robbinsville. It'd be a home base where I could ride my motorcycle and AirBnB it when I wasn't there. Anyways, love the content Rob, keep killing it.
Since you bought the property with a secondary home loan, how are you dividing equity between your partners? Do you eventually plan to transfer the property title to an LLC? I’ve been following a similar investing model and have been trying to figure out the best way to handle an equity split down the line
Hey man, you came through my register tonight, great content!!!
Haha what’s up maaaaan.
Might be able to fit a twin over full bunk bed in that den, or a loft with a futon or pullout sofa under it. Or a full size Murphy bed and a twin bunk bed.
Another great video, been watching yours for over a year. How do you select partners for a project, what criteria do you require or look for? Want to learn and get into the STR but not allowed in my market so like to partner in other markets to learn.
Great property and awesome video as always. Do you need an LLC or business license to run a Airbnb in Gatlinburg? If so, how would that work with a 2nd home loan?
Give ur editor a raise lolol
Remodel the couch, definitely!
Take that den and make it multi use. Get rid of the fixes bed. Add a murphy bed and a murphy couch so the guests can choose what to use the space for.
😂😂 tree sticks! 🤣🤣🤣
I think there are too many wall hangings and chachki items. Other than that not much I would change. Possibly paint color in the main room. I like the idea of fresh white paint with one accent wall in a deep smokey color.
Glad you are wanting to keep the converted den paneling and that you repurposed the stained glass as a wall hanging. Would like to hear why the staircase probably won't meet current code, you were saying ?
Get a modern (maybe midcentury or farmhouse for ex) dose of fashion. Mix it with the ‘someone’s cozy house’ feel you already have going……….
For me clean looks and cleanliness are top pleasures after the view so rustic is not my favorite. But cozy? So wonderful to have too.
Good video. Thanks for the information.
Thanks another great video Rob. QQ: Do you typically charge back the cleaning fee to your guests? In this video it appears you don't. If so, why not? Would love to hear the thought process
It's just easier to grab those numbers from airbnb cause that is the way they report it, as a host the tenants pay a cleaning fee and that may or may not match each cleaning expense.
Totally agree! Never a bad time to buy!
One minute into this video and I’m already like F**k me , I’m closing on my first one in that area this week for 100k more and wayyy less space 😩
Can you please share where did you buy your linens for the bed, looks very nice!
Awesome videos brother! This has been my dream to get into doing this in Gatlinburg and pigeon Forge for quite some time. I live in the Charlotte area just four hours away. My family and I want to do this as a source of income to get out of the every day working 9 to 5. Has this worked out for you? Do you have any advice if thinking about getting into the market there?
watches 3 of Robuilt videos ✨feels like an expert✨ lol
Haha aw this is the best comment ever.
Add a circular window. More Instagram factor.
Great video. I’m in the market. Why do you count cleaning fees as an expense? Isn’t that a pass through to the renters that’s reimbursed? (New here and learning).
I wonder if there are some economical ways to deter bears from your property, besides a full unsightly electric fence. I'd love to live in the mountains or at least rent out an Airbnb for a week, but I'm terrified of bears lol
The kitchen!
Actually where you are in Tennessee, there are only black bears and with those you actually have to make yourself loud and big and DO NOT CONCEDE GROUND OR RUN! They might even charge you but if you run or back down they will attack you. They are trying to fake you out. You have to show you are strong and a threat not worth facing. Just want to make sure you know how to approach your next interaction! Stay safe.
Great video as always. I think you didn't mention occupancy rate?
Great content but those audio levels.... Yikes!!!! Everythime the music kicks in I'm startled, then when it dies out, I can't hear you after I've adjusted.
I’m a simple guy
Robuilt posts a new video, I hit the like button
Great job!
Hey Rob, nice video! You said he cabin was old, May I please know how old is it?
How do you remote manage these far out locations? Where do you find a cleaner / manager hybrid person?
How do you and your investors agree on what to remodel? Who does the leg work and finds the contractor or handyman to get jobs done?
Wait.. Only $1400/mo on a 300K mortgage. How is that possible? Especially with only 10% down?.. Should be around 2K. Plus mortgage insurance. Unless your mortgage rate is like..1.5% , right?
Don’t remodel! the place looks good imo, put that 50k into another property
What about when it comes to tax time? Rental property depreciation and the write offs you get for the expenses it takes to run this property? How does that change your bottom line?
What did your expenses include air b&b service fees, management fees advertising fees ?
Hey Rob, what grills do you use at your short term rentals? We cheaped it on a Lowe’s grill that hasn’t faired very well over the course of a year.
My guests LOVE the blackstone grills. So much so that they mention it on their reviews and I'm using it as additional marketing
Awesome content!;
What if I live out of state? And I want to buy a property in gatlinburg. Of course I dont wanna commit loan fraud or anything but what if I bought a home there and actually live there without changing my driver’s license. And then by the time Im allowed to rent it out, go back home in my housw in NJ? Is that going to work or not?
What do you guys think about Airbnb's being banned in certain areas? I was looking in 2 areas and they recently placed a ban on both areas :/
I'm assuming theres a property tax and airbnb fees in the expenses (other than cleaning and utilities).
Don't you charge the guests for cleaning fees? Curious as to why you listed that as an expense on your bottom line! Great video as always!
@@tabottietjen3186 He subtracted it from his gross revenue in this video, so he's listing it as an expense, not income. I agree with you, I thought it's considered income usually.
@@andrews6161 If he's listing cleaning fees as an expense, it likely means he's rolling the cleaning fee charged to guests as revenue. You can set your cleaning fee however you want, so some hosts use (like Real Estate Robinsons) it as an additional revenue source/way to show a lower nightly right by charging more for cleaning than they are paying to their service provider.
@@taarg22209I gotcha. Makes sense if he’s doing it like that, thanks for the clarification 👍🏽