Updated about 9 years ago on . Most recent reply
Beginner new to Nashville
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I have 3 Airbnbs in East Nashville. You can get good money from March to October but the other months I am happy to cover cost. I would recommend going to the Davidson county codes website and educate yourself on both the taxes that have to be paid and permit availability. The taxes alone can eat away any profit. Airbnb is a short term game in my mind. I will ride the wave, but it is getting more saturated every year and more hotels going up increase competition. Not to mention it can be a real management headache. I kinda can't wait to get out honestly, but won't do until the profit is not there. I bought my properties years before the boom, and would find it hard to see the profit potential at current prices. The closer to downtown the better as far as profit.



