Professional Airbnb & VRBO rental management can make the difference between successful and unsuccessful short term rentals. There are an increasing amount of regulations focused on short terms rentals through companies such as Airbnb & VRBO.
It is no surprise that Nashville is an awesome tourist destination. The vast number of music focused events, Honky Tonks & other music venues year round, are creating a huge demand for lodging. Temporary lodging is changing significantly through websites such as Airbnb & VRBO. In the same way that Uber and Lyft have made an impact to Taxi service, so has Airbnb & VRBO to the vacation rental markets. Recently while driving for for Lyft in Nashville, I realized there were a significant number of riders who were visiting and using Airbnb & VRBO. Homes in East Nashville, Germantown and West End are all popular destinations.
In the same way that cities have begun to regulate Uber and Lyft, there is an increasing trend in implementing and enforcing rules and regulations regarding Airbnb rentals. Cities are driven by the desire to capture tax revenues which are being impacted by Airbnb & VRBO. Nashville has implemented a number of ordinances which regulates this industry. Be aware that you will need a permit and that there are some areas such as the West End, which has started to limit the number of permits they issue. Professional management of your Airbnb & VRBO will provide a peace of mind and ensure regulations are met and prevent future fines. An article regarding the regulations and enforcement written by The Tennessean can be found here.
Make sure that your property management company can provide affordable cleaning services. A clean property is essential to a successful rating and experience for the lodger. Cleaning services are typically the task for short term rentals which requires the most labor.
More on whether Airbnb or VRBO is right for you can be found at Investopedia.
Real Property Management Investor’s Choice has special expertise in short term Airbnb & VRBO rental management in Nashville. Whether you have a short term or long term rental, Real Property Management Investor’s Choice is your best choice for all your other property management needs. For more information, click on the logo.
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