Are Nashville Short Term Vacation Rentals Worth It?

[Chino Perez]

Interested in Nashville rental properties, not sure if a vacation rental is worth it or allowed if you are from out of state, anyone have any information they could share on the matter?

[Devan Mcclish]

@Chino Perez I have extensive knowledge on Nashville STRs and I own them and we manage 17 of them at this time for others. Yes you can own and operate one if you are out of state. You will need to find one on the property non owner occupied zoning: CS, CN, CL, MUL, MUN, RM, OR. RM is however going away in 2022 but if you have a permit it's grandfathered in just not transferable. They are definitely worth it just as long as you're not overpaying which in my opinion is what a lot of people are doing. I would stay away from 1 bedrooms personally, you're essentially competing with a hotel room. The sweet spot would be a 3-4 bedroom. We have units that gross all over the board but some because of the location and product over 9k a month. Would love to speak more with you about STRs!