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Updated over 2 years ago on . Most recent reply

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Anthony Phillips
  • Realtor
  • Lebanon Tennessee
32
Votes |
72
Posts

Short term rentals that are not in vacation destinations

Anthony Phillips
  • Realtor
  • Lebanon Tennessee
Posted

I was wondering if any members on here have had success in markets that don't fit the destination/vacation type areas. For example I am located about 40 mins from Nashville Tennessee are people renting that far from a destination?  I am also about 3 1/2 hours from the smoky mountains are people using a short term rental as they drive to there next destination. I do see a few air bnb rentals in my areas and it looks like they are at about a 50% rented per month. With that being the case they wouldn't cash flow much more then my long term rentals in the area.

Another idea we have been thinking about is having a tiny house on our property. The only problem we have with that is we are on septic so we wouldn't be able to add it to the plumbing system. Are there pre made tiny houses set up on trailers that have plumbing systems systems similar to a camping trailer that i could take to the dump after a renter is done with there stay. I could purchase a plot of land and put it on that but think that cost of doing septic/water/and power would be pretty high for the returns we could get off the rental.

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Paul Sandhu#4 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • The worst town to live in, KS
4,192
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4,508
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Paul Sandhu#4 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • The worst town to live in, KS
Replied

There is a refinery in my town that brings in outside labor for short term jobs.  Refinery contractors.  They are welders, fitters, boilermakers, electricians and inspectors.  I rent out my STRs to the contractors.  There is no tourism is this town.  The refinery processes about $16,000.00 of crude oil a minute.  It runs 24/7. I try to get 1/100 of 1% of that.

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