SHORT TERM RENTALS
Looking to make an investment in the Nashville real estate market by purchasing a home to use for short term rentals, but not sure where to begin? I can help. As you may already know, tourism in Nashville is increasing at a rapid rate, and the short-term rental market is growing along with it. Without knowledge of the market however, it can be incredibly difficult to navigate. I can assist you with everything from finding a property, securing a permit, and everything in between.
While short-term rentals do request more hands-on management than long-term rentals, they can bring in greater returns, which is why more investors are choosing short-term rental properties in Nashville. Below are three more reasons you might consider.
3 Reasons to Buy a Short-Term Rental Property in Nashville
1
SHORT-TERM RENTALS
Looking to make an investment in the Nashville real estate market by purchasing a home to use for short term rentals, but not sure where to begin? I can help. As you may already know, tourism in Nashville is increasing at a rapid rate, and the short-term rental market is growing along with it. Without knowledge of the market however, it can be incredibly difficult to navigate. I can assist you with everything from finding a property, securing a permit, and everything in between.
While short-term rentals do request more hands-on management than long-term rentals, they can bring in greater returns, which is why more investors are choosing short-term rental properties in Nashville. Below are three more reasons you might consider.
3 Reasons to Buy a Short-Term Rental Property in Nashville
1
Nashville is the hottest Airbnb Market for investment.
​
In a recent report, Rented.com named “The 150 Best Places To Buy A Vacation Rental Property In 2017” and there is little surprise that Nashville, TN is the #1 market in the United States.
2
Well located short-term rentals make more money than long-term rentals.
​
Within the “Uber radius” of downtown Nashville, annual income for short-term rental properties routinely exceeds the income for long-term rentals. This comes with plenty of caveats, as owners need to consider wear and tear, seasonality, management fees, saturation and other factors that can affect their rental income. But there’s no doubt that most short-term rentals in Nashvile have the capability of out earning long-term rentals when purchased in the correct area.
​
Moreover, it’s possible to turn short-term renters into recurring revenue. Statistically, vacationers who enjoy their stay in a Nashville Airbnb are 3 times more likely to return to the same Airbnb within 12 months and are 7 times more likely to refer a friend.
3
The Nashville short-term rental market is exploding.
​
A study by Technavio forecast that the global vacation rental market is expected to grow more than 7 percent annually between 2017 and 2021, when it will be worth $194 billion.
Ready to Find Your Investment Property?
Send me a message today.