Owner Occupied STR Question

[Kristin Astourian]

Hello!

I live in Atlanta and am looking to split time in Nashville. My finance owns our ATL home, so I would be looking to buy the home in Nashville as my primary residence with the intention of short-term renting when we are not there. I found a property near down town that allows owner occupied STRs and was curious about 2 things:

1. Do you think there is a high-risk that an owner occupied permit could be revoked or that the city will change their regulations?

2. How accurate do you think the Airdna tool is? The location shows that it would have a 51% occupancy rate with an average nightly rate of $583. This sounds fantastic, but I’m not sure how confidently I can lean on the numbers from Airdna.

Lastly, does anyone have a STR management company that they like?

Thanks in advance!! I have a long-term rental and have been eager to jump into the short-term market, but am lacking the confidence to move forward. Any feedback would be so appreciated!