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Updated over 6 years ago on . Most recent reply

User Stats

45
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44
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Sean Wilson
  • Rental Property Investor
  • Nashville/Chattanooga
44
Votes |
45
Posts

First Deal in Chattanooga - Short Term Rental Possibility?

Sean Wilson
  • Rental Property Investor
  • Nashville/Chattanooga
Posted

Hey BiggerPockets Chattanooga,

I'm a buy-and-hold investor, and I just picked up my first property in the East Ridge area of Chattanooga.  I worked in Chattanooga for several months many years ago, and I've been looking for an excuse to get back.  My goal is to build a portfolio of long-term B-class rental SF homes similar to what I have in Nashville.  Given that this is the first of what I hope is at least a handful of properties in the Chattanooga area, my initial thought is to furnish it, use it while I am there, and vacation rental it when I am not.  How is the AirBnB/VRBO market?  Any local regulations I need to be aware of? Are there any management companies that specialize in short term rentals (google wasn't much help)?

Also, I need some help.  If I am going to be successful in the area, I'll need a good team.  Does anyone have referrals for property managers, handymen, plumbers, electricians, lawnmowers, turn-over cleaners, window installers, roofers....you get the idea!  Any and all suggestions would be greatly appreciated, including who not to use if there are people with bad reputations in the investor network.  

Lastly, I'd like to build some relationships with other investors in the Chattanooga area, including other landlords, wholesalers, etc.  If you'd be willing to share some insight with an experienced investor who is new to the area, please reach out.  I've met some great people through this forum, and I hope that continues.

Thanks in advance!

Sean

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