Looking to potentially list an investment property as an airbnb/short-term rental. For those of you who have airbnbs or friends with airbnbs, have you ever run into issues with getting the short-term rental license? Are there any bureaucratic hang-ups that I should prepare for?
Rental Property Investor · Boulder, CO · Member since 2019 · 144 posts · 72 votes
5y
I got my owner occupied permit a few months ago, it was straightforward, just be organized and follow the steps. Property line has to be at least 100ft from a school or church. But double check that. The hardest part for me was the fire marshal, satisfying their requirements to have interconnected smoke alarms placed in specific areas.
As for non-owner occupied, I can't speak to this other than I think they are being more selective for these, or trying to limit them, something like that.
@Joseph High I'm going to be working with an out-of-state investor trying to enter the Nashville market. He wants to make a small vacation home purchase before developing. Will they be rejecting renewals for residential properties? Or would you be grandfathered in if you get the license before 2022?
I misspoke - I had to brush back up on the legislation for this.
Regular Residential NOO STRPs - for reading the Nashville.gov site, new NOO (non-owner occupied) STRPs in residential areas (single family homes or duplexes) are not allowed.
Real Estate Agent · Nashville, TN · Member since 2018 · 123 posts · 74 votes
5y
@William Allen They are phasing out the RM zoned properties as of 1/1/2022. You will be grandfathered if you already own the property and have a permit prior to then but won't be able to sell it after that date as a property that someone could secure a NOO STR permit. Shoot me a message if you want to talk about the zoning codes and opportunities here in Nashville further. I own a few and sell and consult on STR properties in the Nashville market frequently.