Nashville Short Term Rentals

[Pat Marin-Finn]

Hi Guys,

I currently have 2 short term rental properties in Orange County, CA and am looking to invest in another, but prices are ridiculous here. 

I've zeroed in on Nashville as a potential location to invest in a new short term rental property. Does anyone have experience in the area? I'd love to ask a few questions.

[Katherine Hite]

Hey @Pat Marin-Finn

First off, welcome to Nashville! I think this a great market and near perfect time of year to get some skin in the game in Music City! I am a Realtor/Investor specializing in the Metro Nashville area; I got into my first house-hack last year and am looking to get 2 more income producing properties before 2020! I agree prices seem to be inflated due to overpricing which is causing properties to sit on the market for longer which in fact could be a good thing for the patient yet posed investor!

As far as STR's: I recently went to an agent-only panel held by my brokerage with representatives from our Metro Codes office and I will say that at the moment STR's are being pushed out of residential neighborhoods by the hotel industry. However, more and more developers are building with us in mind!

I work with a developer that's actively building STR friendly properties. Alloy, a unique community up on a hill, literally across the street from the soon-to-be new MLS stadium, with reaching downtown views, is in a burgeoning neighborhood feeling the heat of surrounding Nashville hot spots like Wedgewood-Houston (or WeHo as you may have heard). There are 3 story townhomes available built with investors in mind as they are 100% STR qualified.

Another development I know of is called Contralto, it is a condo community on Church Street, right smack in the middle of all the action Music City has to offer. There are about 10 studio units left, all of which are again 100% STR eligible!

 I would love to help you find the best property(ies) for you that meets all your needs and satisfies your short and long term goals! Let me know if you'd like to talk more about investment strategies, the market, or Music City in general; I take it upon myself to be the one-stop-shop Nashville Tour Guide to every new pair of boots that touches down in my town!