Short Term Rental Acronyms

short term rental acronymsAs the market for Nashville short term rental properties grows so do the short term rental acronyms we use to describe those properties. It’s not uncommon for me to send the following text message to a fellow agent: “Do you have a NOO STR coming in GT with a possible DADU for a 1031 client coming next month? This means that I’m looking for a non-owner occupied eligible short term rental in Germantown with a possible detached accessory dwelling unit for a client who has a 1031 tax exchange they’d like to use to purchase the property. It good to keep up with these acronyms and I’ll add to this list as more acronyms become part of our everyday lexicon.

Commonly Used Short Term Rental Acronyms

STR: Short term rental
STRP: Short term rental permit
STR PM: Short term rental property manager (management)
NOO: Non-owner occupied also not-owner occupied
OO: Owner occupied
PUD: Planned unit development
HPR: Horizontal Property Regime
DADU: Detached accessory dwelling unit
Z: Zoning of the property
1031: 1031 tax exchange
DD: Due diligence
EM: Earnest money aka Trust money

I maintain a comprehensive list of short term rentals for sale, most of which, are NOO STRs for investors.

Grant Hammond

Broker, ABR, SFR ePRO

Call/Text:
(615) 945-7123

Contact Grant Hammond
First
Last
short term rental acronyms
Short Term Rental Acronyms
As the market for Nashville short term rental properties grows so do the short term rental acronyms we use to describe those properties. It’s not...
Continue Reading
new short term rental laws
Summary of Short Term Rental Laws
2019 was the busiest on record in Middle Tennessee for the creation and passage of short term rental laws in Nashville. The Nashville Metro Council...
Continue Reading
middle tennessee short term rental laws
Short Term Rental Laws in Middle Tennessee
The short term rental laws in Middle Tennessee are changing, and fast. As you likely know, many cities and municipalities around the country have and...
Continue Reading