Short Term Rentals (STR)

STR Ordinances

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  • Tennessee Grandfather Clause
    • State law says that any new laws/ordinances the prohibit or regulate short-term rental units do not apply to properties already legally operating as a short-term rental unit, effectively grandfathering in short-term rentals already in place.
  • Hamilton County Zoning Resources
    • Details each zoning designation; if STR isn’t listed in that zoning description, it’s not allowed there
    • STR allowance is determined by zoning
      • R-1: Only Owner Occupied STR Allowed
      • R-3, MH: Allowed by Right
      • A-1, R-2, R-2A: Allowed with Special Permit (see permit details below)
      • 2023 article about the latest Hamilton County STR Ordinances

Local Resources

STR Property Managers

 

Dave Menapace508-277-7716

Dave@5

strcohost.com

25% for full service
Stephanie Smith423-641-2457

stephanie.

smith@itrip.net

 Local franchise run by owners dedicated to quality service. Typically around a 25% fee
Donna Morgan423-693-6211

donna.morgan

@itrip.net

 Local franchise run by owners dedicated to quality service. Typically around a 25% fee

STR Income Estimator

  • AirDNA: Great resource that you can use for free!
    • Go to Rentalyzer, Input Address
  • Rabbu: Input address & bedroom number to get estimated monthly revenue
  • AirBNB: Look at comparable listings
  • STR Pricing Tool: $25 pricing report

STR Self-Management

  • iGMS: Online tool to manage STRs across multiple listing platforms, includes direct booking interface
  • PriceLabs: Dynamic pricing tool, many integrations, free trial
  • Home Exchange: Points based swap system to utilize your STR to stay at other locations
  • HostGPO: Group discount purchase service for STR owners. Significant discounts on name brand furniture, linens, and other furnishings for STRs
  • Furnished Finder: Listing website for mid-term rentals

Furnishing of any names of Service Providers by the Broker or Broker’s Affiliated Licensee is done as a ministerial act and only as a courtesy, and does not in any way constitute any warranty or representation as to the quality of the Service Providers, their services, or subsequent reports. Clients/Customers acknowledge that they have the option to select any Service Provider of their choice, including any not listed above and that Broker or Broker’s Affiliated Licensee is not responsible for any representation, guarantees, or warranties of the selected Service Providers or their services. For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Clients/Customers herewith releases the Broker, the Broker’s Affiliated Licensee, and/or their employees from any liability of claim arising out of or in connection with the services of the Service Provider.