All Forum Posts by: Corben Briggs

Wow! Great advice and definitely a good way to put things into perspective. When I was on the hunt for my STR in Nashville one thing I was trying to focus on was a newbuild property where I didnt need to worry about having a lot of focus on any rehab projects or calling a handman every other week. Naturally this brought my price range to about a 10minute drive outside of the downtown area which was perfect since it keeps things a bit more quiet as well with guests wanting to spend time downtown but relax when theyre back at the house.

But what you are saying is that a little bit away from the flashy beaches/nightlife the returns get higher? Im thinking that would be what I would want to look for again. Having parking, a bit quiter area thats a short drive to beaches/restuaraunts/down town where guests can head to have fun.

Also one thing we really excelled at was having a themed style with furnishing in our other STR. We decked this place out in a super cool and trendy nashville theme which has been a huge attraction for girl vacations and all the higher end bachelorette parties the city sees. That is something we would try to repeat as well however im not sure if there would be an obvious theme to focus on like that.

 Definitely would want to know more about the zoning regulations they have there for STRs and how difficult it may be to obtain a permit for one depending on which areas I end up focusing on. But this helps narrow things down!

Also - Another big question I had was with seasonality. Im assuming you would see an increase in nightly rates/demand for the winter months with all the travelers looking to escape the snow? How about the spring/summer time, or is there any really slow months you need to compensate for where your not seeing great returns naturally?

Hey all! 

Starting to see some progress with my first deal I did earlier this year on a STR/Airbnb property I purchased in Nashville, TN back in April. Enjoying everything so far but im itching to land another deal in a different market. I know its typically good to find a solid market and take advantage of it while you can however I want a little diversity before I zone in on 1 location to hammer.

One of the top locations I had in mind was Florida specially Tampa area (Saint Petersburg, Palm Harbor, etc.) relatively close to the beach and wanted to see if anyone had any experience doing short term rentals & AirBnbs around there?

I can do the research and run the numbers on AirDNA but curious about any outside things that people ran into or recommend I take into consideration before I start to really get things together there.

Anything helps!

Corben

Wow extremely helpful! Any specific areas that are commercial zoning you have had success with or recommend I research?

Thanks!

Thank you Avery, you have been such great help!

What's up guys!

I am currently researching some properties in specific areas of Nashville, TN for short term rental opportunities. I spoke with 1 realtor who specializes in STR but she recently told me she is no longer servicing Nashville because 3 of her clients are now in lawsuits with the city due to their new zoning regulations that prevent them from doing and short term rentals and they have had to sell or convert them into long term rentals.

Does anyone have any insight on these regulations that are going into place?

Apparently per a new bill they have going on there right now, any city council member can "downzone" any area of their district at any time. Which means they can basically take a scalpel and cut the STR's out of allowance. They go into the zonings that have previously been allowed and change the zonings. They bought in the approved zoning and then the city council went in and changed it after closing or before closing.

Anything helps!

Thanks!

I actually have steam radiators! not sure if that makes much of a difference

Perfect John! Appreciate the response. Im out not too far in your area so if you need a hand with anything I would be more than willing to help out in exchange for some experience! Just starting to get some skin in the game and want to learn as fast as possible.

Interesting. most of the neighborhood is old and has the same steam based radiator units throughout. I was contemplating switching to baseboard however I am not sure if the cost would make much of a difference in resale value. 

Now I didnt think about Air Conditioning. I live in Massachusetts so the AC is usually only needed for about 4 months out of the year but does that typically add value to the property after weighing out the costs to install mini split units?

Anyone have insight on this, last ditch effort here!