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Updated almost 8 years ago on . Most recent reply

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Brian Cremer
  • Investor
  • Bloomington, IL
4
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26
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Looking for VR in Nashville TN area

Brian Cremer
  • Investor
  • Bloomington, IL
Posted
My wife and I love Tennessee and Nashville area. Any suggestions on places to look for VRs and any agents dealing in them? Thanks!!

Most Popular Reply

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63
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43
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John Oden
  • Rental Property Investor
  • Nashville, TN
43
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63
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John Oden
  • Rental Property Investor
  • Nashville, TN
Replied

I would advise proceeding with extreme caution regarding Short-Term Rentals (STR) in the Nashville / Davidson County metro. Non owner-occupied STR are currently under assault, with a bill before the metro council that if passed, will phase out STR in Nashville beginning in 2019.

Operating a STR in Nashville requires a permit, and new permits for non-owner occupied STR are not being issued pending the outcome of this legislation. It is Nashville Metro Council bill BL2017-608 if you'd like to look into it further.

There is the possibility that the bill may not pass on third reading in July of this year, and even if it does, there is a chance that the Tennessee State legislature may pass legislation to reign in over-reaching regulations by local municipalities. Even so, I wouldn't invest in Nashville with the expectation that you will be able to operate a STR / Vacation Rental, at least until the legislative smoke clears.

It's a shame that municipalities and the hysterical uninformed minority can trample property rights to this degree, but that's the situation we're facing in Nashville right now.

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