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Updated almost 8 years ago on . Most recent reply

User Stats

41
Posts
14
Votes
Chase Beasley
  • Developer & Engineer
  • Atlanta, GA
14
Votes |
41
Posts

Nashville & National Short Term Rental Shifts

Chase Beasley
  • Developer & Engineer
  • Atlanta, GA
Posted

I have been following the Nashville Short Term Rental Phase-Out Bill closely as I have been looking to invest in a buy-hold property to cash-flow using the short term rental companies (AirBnb, Vrbo, etc.) I am becoming concerned over the legislation specifically, in this market, as I would not invest given the bill passes but nationally as well. I am concerned that should this pass, other cities may follow suit (not all but some). 

I understand Texas State Legislation has denied the bill but I was wondering if any other members within cities in the Southeast are privy to the phase-out picking up steam in their area?

Most Popular Reply

User Stats

28
Posts
10
Votes
Mark Hower
  • Nashville, TN
10
Votes |
28
Posts
Mark Hower
  • Nashville, TN
Replied

@Scott Jackelen- Politics and money. The Metro Planning Commission which voted 8-0 to outlaw investor-owned STRPs is headed by the President of the Tennessee Hospitality and Tourism Assocation- which lobbies on behalf of the hotel industry.

Seems like a clear conflict of interest.

http://www.beacontn.org/nashville-has-poked-the-be...

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