It's no secret that Nashville is one of the hottest housing markets in the country.  If you're thinking about buying an Airbnb in Nashville, it's important to be aware of the current market conditions and what you can expect to make in rental income. There are a few things to think about when buying an Airbnb: the current state of the rental market, the neighborhoods you're interested in, and the benefits of investing in a property. You'll also want to make sure that you have the right amenities for your guests, and that your property is well-maintained. In this blog post, we'll take a look at the current state of the Airbnb market in Nashville and give you some tips on how to buy an Airbnb property that will be successful. 

1. The Current State Of The Nashville Airbnb Market

Airbnb is a popular vacation rental platform that has taken the world by storm. The current Airbnb market in Nashville is quite strong, with a large number of vacation rental properties available for guests to choose from. Airbnb owners in Nashville are also doing quite well, as they are able to command high rates for their rentals. According to AirDNA.co Nashville has a rental demand due to having a high travel demand. There are currently 7,409 active rentals, with 52% of those being Airbnb rentals. The average median monthly revenue is averaged at $4,746 in Nashville, plus the average daily rate for Airbnbs to be rented is $305 a night! The Airbnb market in Nashville is currently quite healthy and is likely to continue to grow in the future. So what are you waiting for? Now is a great time to be buying an Airbnb in Nashville. 

2. Why is there a High Demand For Airbnb Rentals?

The vacation rental market in Nashville is thriving, with many homeowners offering their properties as vacation rental options for guests. In the past year, vacation rental properties have become increasingly popular, with more guests choosing to stay in vacation rentals rather than hotels. This trend is likely to continue, as vacation rental properties offer more privacy and amenities than hotels.

There are a variety of vacation rental properties available in Nashville, from apartments and condos to private homes and vacation homes. Having an Airbnb property offers a unique and affordable option for guests looking to stay in Nashville. Many Airbnb hosts take pride in providing their guests with comfortable and convenient accommodations that offer all the amenities of the home. Airbnb's are typically significantly less expensive than hotels, making them a great option for budget-minded travelers. Also with Nashville being a top destination for bachelorette parties, staying in Airbnb rentals offer travelers the opportunity to experience Nashville like a local for the week or weekend. With Nashville being a top destination city, the demand for Airbnb's are high.

3. The Benefits Of Investing In An Airbnb Rental Property

Airbnb has become a popular way for people to rent out their homes - or even just a room in their home - to guests worldwide. Being an Airbnb Host can be a great way to make money from vacation rental properties for property owners. But what are some of the other benefits of Airbnb?

For one, Airbnb can help to build community. When people stay in an Airbnb rental, they often get to know their hosts and the local area much better than they would if staying in a hotel. This can lead to deeper connections and a sense of belonging in the community. With people coming from all over the world to experience the Nashville nightlife, there will always be room for profit from rentals, according to mashvisor.com. Finally, Airbnb can help to improve housing affordability. By providing an alternative to traditional hotels, Airbnb can help reduce hotel room demand and put downward pressure on prices. This can make holidays and business trips more affordable for everyone.

Nashville Is On The Rise

By understanding the current state of the market and what potential buyers are looking for, you can make an informed decision about whether or not investing in an Airbnb is right for you. If you're ready to dive into the Nashville Airbnb market, contact our property management team today for more information. 

Are you a vacation rental owner who is planning on going back home for a while? If so, there are a few things you need to do before leaving. When you own a vacation rental property, it's important to take some precautions before leaving your vacation rental for an extended period of time. By following these five tips, you can ensure that your home is in good hands while you're away. Plus, you'll be able to relax and enjoy your time back home knowing that everything is taken care of at your vacation rental.

Five Vacation Rental Tips:

1. Make Sure All Appliances And Electronics Are Turned Off When You're Not At Your Vacation Rental

One way to ensure that your vacation rental is safe is to make sure all appliances and electronics are turned off when you're not at the property. Appliances and electronics can pose a fire hazard if they are left on, so it's important to make sure they're turned off before you leave. This includes things like the air conditioner, heater, oven, dishwasher, coffee maker, TV, and computer. Not only will this save energy, but it will also help to prevent potential damage in case of a power outage or other issues. This will help to prevent any potential accidents or damage to your property. You can post signs reminding guests to turn off appliances and electronics when they're not in use. Additionally, it will also help to conserve energy and lower your utility bills. By taking these simple steps, you can help ensure that your vacation rental is safe and energy-efficient.

2. Get A Home Security System To Protect Your Property While You're Away

A vacation rental can be a great way to earn extra income, but it's important to take steps to protect your property. Not only do you need to worry about the safety of your guests, but you also need to protect your rental property from theft and vandalism. A home security system is one of the best ways to do this. By installing cameras, motion sensors, and alarms, you can deter criminals and quickly alert the authorities if anything does happen. A home security system can help deter burglars from breaking into your home, and it can also provide you with peace of mind while you're away.

3. Find A Reliable Cleaning Service

If you're running a vacation rental, keeping the property clean is crucial to maintaining happy guests and good ratings. While you could do it yourself, it's time-consuming and vacation rental guests expect a spotless space. The best solution is to find a reliable vacation rental cleaning service.

There are a few key things to look for when choosing a cleaning service. First, make sure they have experience cleaning vacation rental properties. This is different from cleaning for a typical home or office; vacation rental properties often require more detail-oriented cleaning. Second, ask about their process and what is included in each clean. A reputable vacation rental cleaning service will be able to provide you with a detailed list of everything that's included in their services. Finally, make sure they are insured and bonded; this protects you in case of any damages during the clean.

If you have a rental property in Nashville, TN you should hire Chady Cleaning Services. Chady PM is more than just a Nashville cleaning service, they provide vacation rental property owners with seamless turn-key management services. Their rental experts will take care of all the logistics and has extensive knowledge of the Nashville vacation rental market. They will make sure your rental property is well-maintained and always ready for guests.

4. Keep A Light On, Or A Few

Unfortunately, vacation rentals are often targeted by thieves and vandals. To help protect your property while you're away, it's important to keep a light on, or a few. This will help deter would-be criminals and make it easier for neighbors to keep an eye on your property. This will give you peace of mind knowing that your property is being monitored even when you're not there.

5. Hire a Property Management Company - Like Chady, To Help You When You Are Away

If you're renting out your vacation home, one of the best things you can do is hire a vacation rental property management company. A good vacation rental property management company will take care of everything for you, from finding guests and handling all the paperwork to cleaning and maintaining your vacation rental property. They'll also be there to help if any problems arise with your guests or your vacation rental property. As a result, you'll be able to relax and enjoy your time away, knowing that everything is being taken care of. So if you're thinking of renting out your vacation home, make sure to hire a vacation rental property management company.

For example, Chady Property Management is a vacation rental property management company that helps vacation rental owners get their permits quicker, takes care of photography, keyless entry, and set up on all major channels including Airbnb, Kayak, Booking.com and more (30+ websites), just to name a few of the things that they will take care for you.

In Conclusion ....

Leaving your home for an extended period of time can be worrisome, but with the few preparations listed, it doesn’t have to be. By following these five tips you can rest assured that when you return your property will be in good hands. Have you used our vacation home management services before? If not, give us a call today and let us take care of everything for you while you are away.

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