Investing in a downtown Nashville Airbnb short term rental is an incredible investment. There’s only one problem: none of the current high-rise condo buildings allow you to short term lease. All buildings restrict owners to a minimum of 12 month rentals and all buildings restrict the number of total units that can have a rental permit at any one time. The restriction typically ranges between 10% and 20% of the total number of condos. This is done so the current occupants of these buildings can have quiet enjoyment of their very experienced real estate. Thus, there are no Airbnb short term rentals available in high-rise condo buildings.
But Grant, I’ve seen some Airbnbs listed for rent in downtown Nashville high-rise buildings. Why are there listings on Airbnb and VRBO? This is always the first question I get when explaining the STR rules to investors. There are high-rise apartment buildings in downtown that do short term lease blocks of their apartment units. These are typically located in the 505 Building, The Sobro and The James.
If you are looking for a short term rental investment property, visit our complete list of short term rentals available for sale.