Powerhouse Rentals in the Smokeys with Cale Delaney

Cale Delaney is a newer investor in the STR world, but he has quickly risen in success through his diverse range of houses and cabins in the Smokey Mountains. His luxury cabins are not only well located, but they can accommodate large groups of people and offer amazing amenities like hot tubs, arcades, and Peloton bikes. In addition to operating a diverse range of short-term rentals, Cale additionally works as a senior project manager in the construction industry.

 

Avery speaks with Cale about his path in the real estate investing world and how he got his start operating short-term rentals in the Smokey Mountains. Cale speaks openly about his experiences operating his rentals while also working a day job, and how it impacts his rental strategy. We speak about important factors that every renter from buying units to selling them, focusing on the value of diversifying your assets, and how to know your exit strategy. Cale and Avery discuss why every renter should set their own path rather than following others, and the immense importance of not getting discouraged, especially when you are just starting out.

 

Key Topics

• How he got started in real estate investing
• The inspiration behind renting in the Smokey Mountains
• Importance of diversifying your assets
• Managing STR with a day job
• Value of knowing your exit strategy
• Managing sticker shock
• The technique of buying ‘stale’ listings
• Value of setting your own path
• Importance of not getting discouraged