Short Term Rentals in Memphis

[Tim Bergstrom]

Hey BP!

I'm just wanting to ask of anyone owning/operating an Airbnb or Short Term Rental in Memphis/the Memphis area what your experience has been like? I live in Nashville, and as of late regulations have tightened up like crazy. What are the STR regulations in Memphis? Are they strict? Lax? (I suppose those answers would be relative.) Is using the Airbnb and STR strategy in Memphis viable? What are your occupancy rates like? How do you have your management/cleaning services set up? Obviously the closer you are to the hot spots I'm sure the better you do.

I'm considering pivoting my strategy a bit to aim more at doing STR's in Memphis and am just doing a bit of research before jumping all in. Any insight would helpful and much appreciated!

Thanks in advance!

cheers,

-Tim

[Erin Spradlin]

Hey @Tim Bergstrom- we do Airbnb in Denver and have built out a database of information for surrounding areas. While I can't tell you what Nashville's is, I can tell you how you can get the info on the regulations. Call the city planner, ask for the planner of the day and then ask them the following three questions: 1.) do they have any rules currently on Airbnb or VRBO? If they say yes, ask them to email you the written documentation. If no, ask them if they 2.) have a limitation on rentals that are thirty days or less and 3.) if not, if they have a limitation on utilizing properties in ways not shown in the use code. Also, ask them about compliance. Good luck.