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Updated about 1 month ago on . Most recent reply

User Stats

12
Posts
9
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Raven Ye Mahar
  • New to Real Estate
  • New York, NY
9
Votes |
12
Posts

Nashville STR Required Business Licenses and Taxes

Raven Ye Mahar
  • New to Real Estate
  • New York, NY
Posted

Hi, 

Just bought a unit via LLC in Nashville area, specifically in Berry Hill to operate as STR. Getting a bit overwhelmed with all the required County Level and City Level business licenses, STR permits and Tax accounts (Business Tax, Franchise & Excise Tax, Sales & Use Tax) to register with the state. Are the requirements different if it is a LTR instead of STR? Does Nashville tax STR under Hotel Occupancy Privilege Tax?

If anyone has gone through this experience, would really appreciate your help to determine exactly what licenses, permits and tax accounts are needed to be in compliance.

Thanks so much! 

  • Raven Ye Mahar
  • Most Popular Reply

    User Stats

    2,303
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    Collin Hays
    #2 Short-Term & Vacation Rental Discussions Contributor
    • Property Manager
    • Gatlinburg, TN
    3,235
    Votes |
    2,303
    Posts
    Collin Hays
    #2 Short-Term & Vacation Rental Discussions Contributor
    • Property Manager
    • Gatlinburg, TN
    Replied

    STRs are essentially small hotels, thus they are usually taxed similarly to what hotels and motels are. That's fair.

    business profile image
    SMOKY MOUNTAIN FALLS INC.

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