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How Nashvillians Feel About Short Term Rentals

As Nashville continues to grow, the city is increasingly becoming a hot spot for tourists, helping boost the economy and hospitality industries, including the rise of more Airbnbs in Nashville and surrounding areas. Theres been some backlash from residents against these short-term rentals. While the voice of the opposition has been loud, it turns out, its not representative of Nashville as a whole. Airbnb recently commissioned a poll conducted by San Francisco-based David Binder Research, gathering responses from 500 voting Nashville residents. Generally, 75 percent of poll respondents supported short-term rentals through Airbnb, and 63 percent said they consider the practice to be good for Nashville. As for a deeper dive of those results, the survey found only eight percent of respondents thought second-home or investment rentals should be completely prohibited, and only 14 percent said they should be mostly prohibited with some exceptions. In fact, 60 percent of all respondents felt these types of properties should be mostly allowed with some restrictions. While the local government has put certain limitations in place on these types of properties since the start of the year, the state Senate passed a billthe Short Term Rental Unit Actthat would overturna Nashvilleordinance set to gradually eliminate certain types of short-term rentals. If youre considering diving into the short-term rental space with the purchase of an additional home, give us a call or go to our website at BenchmarkRealtyTN.com. Our agents can help you find the right property to make it happen.

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