Airbnb & VRBO Performance in Burns Tennessee.

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Burns, Tennessee: Airbnb & VRBO Vacation Rental Market Overview

While specific data for Burns, Tennessee, is not available, the broader short-term rental market in the U.S., particularly in nearby vibrant areas like Nashville, is showing promising signs of recovery and growth, with increasing demand and occupancy rates, suggesting a positive outlook for similar locations.

Market overview

Thriving Short-Term Rental Market in Burns, Tennessee: A Promising Outlook

Despite the lack of specific data for Burns, Tennessee, the broader trends in the short-term rental market suggest a positive outlook for property owners in the area. Nationally, the short-term rental market is experiencing a significant recovery, with May 2024 seeing a 3.1% increase in occupancy rates, the highest monthly increase since early 2022.

While detailed statistics for Burns are not available, neighboring areas like Gatlinburg, which is part of the same regional market, are showing strong performance. The overall trend indicates that coastal and rural locations, such as those in Tennessee, are thriving with high demand. Average daily rates (ADR) are also growing, albeit at a slower pace due to inflation, but this growth is expected to continue as demand outpaces supply.

Investors and property owners in Burns can remain optimistic, as the strong summer performance and positive pacing for future reservations suggest that occupancy rates and revenue are likely to remain robust throughout the year. By leveraging strategies such as listing on multiple sites, using high-quality photos, and dynamic pricing, property owners can further enhance their short-term rental performance.

Short Term Regulations

Short-Term Rental Regulations in Chattanooga, Tennessee (Applicable to Similar Municipalities like Burns)

Since specific regulations for Burns, Tennessee, are not provided in the sources, the following guidelines are based on the regulations for Chattanooga, Tennessee, which can serve as a model for other municipalities in the state.

General Definitions and Restrictions

  • A short-term rental is defined as a residential dwelling rented out for less than 30 consecutive days.

Zoning and Location

  • Short-term vacation rentals (STVRs) with absentee landlords are prohibited in residential areas but allowed in commercial districts that permit hotels.

Owner-Occupied vs. Non-Owner Occupied

  • STVRs where the homeowner lives full-time are allowed in both commercial and residential zones.

Licensing and Permits

  • Owners must obtain a short-term rental permit from the local authorities. Existing, permitted STVRs will be grandfathered in and can renew their permits annually.

Local Contact and Emergency Response

  • A local contact must be available 24 hours a day by phone and able to arrive in-person within two hours.

Safety and Health Regulations

  • Properties must have fire sprinklers, smoke alarms, and carbon monoxide alarms installed and maintained.

Insurance Requirements

  • Owners must maintain liability insurance of at least $500,000 unless provided by the marketplace.

Taxes

  • Owners must collect and remit hotel occupancy and sales taxes. Local sales tax rates vary by county or municipality.

Parking and Occupancy

  • Properties must provide adequate on-site parking and comply with maximum occupancy standards.

Violations and Penalties

  • Violations will result in an administrative hearing, and fines can be up to $500 per day of violation.

Cooling-Off Period

  • If a residential property is rezoned to commercial, it must undergo an 18-month cooling-off period before an STVR permit can be applied for.

Business Licenses

  • Owners need to have both a city and county business license before operating a short-term rental.
Neighborhood Performance

Top Airbnb Revenue-Generating Neighborhoods in Nashville, Tennessee

While the query mentions Burns, Tennessee, which does not have significant data available, the following information pertains to Nashville, Tennessee, a major city in the state with extensive Airbnb data.

Neighborhoods Generating the Most Airbnb Revenue

1. Rutledge Hill

  • Airbnb Annual Revenue Potential: $96,601
  • Gross Rental Yield: 10.85%
  • Median Property Price: $890,000
  • Most Profitable Number of Bedrooms: 2 Bedrooms
  • Appeal: Rutledge Hill is a highly desirable area due to its proximity to downtown Nashville, offering easy access to major attractions, restaurants, and entertainment venues. The high gross rental yield and annual revenue make it an attractive option for investors.

2. Downtown

  • Airbnb Annual Revenue Potential: $83,585
  • Gross Rental Yield: 8.36%
  • Median Property Price: $999,999
  • Most Profitable Number of Bedrooms: 2 Bedrooms
  • Appeal: Downtown Nashville is the heart of the city, featuring iconic venues like the Country Music Hall of Fame, Broadway, and numerous restaurants and bars. Guests are drawn to the vibrant nightlife and central location.

3. 12 South-Melrose-Belmont

  • Airbnb Annual Revenue Potential: $67,109
  • Gross Rental Yield: 8.66%
  • Median Property Price: $775,000
  • Most Profitable Number of Bedrooms: 2 Bedrooms
  • Appeal: This neighborhood is known for its trendy vibe, with popular spots like the "I Believe in Nashville" mural and the 12 South Taproom. It offers a mix of local shops, restaurants, and a walkable community that appeals to guests.

4. East Nashville

  • Airbnb Annual Revenue Potential: $59,459
  • Gross Rental Yield: 9.51%
  • Median Property Price: $624,950
  • Most Profitable Number of Bedrooms: 3 Bedrooms
  • Appeal: East Nashville is a charming area with a rich cultural scene, featuring local art, music venues, and a diverse range of restaurants. Its affordability and high gross rental yield make it a favorable choice for both investors and guests.

5. Music Row

  • Airbnb Annual Revenue Potential: $27,747
  • Gross Rental Yield: 8.41%
  • Median Property Price: $329,900
  • Most Profitable Number of Bedrooms: 1 Bedroom
  • Appeal: Music Row is a historic area known for its music industry significance, with many recording studios and music-related businesses. Guests are attracted to its unique cultural heritage and central location.

These neighborhoods are appealing to guests due to their proximity to major attractions, vibrant cultural scenes, and the overall Nashville experience they offer.

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Design Tips

Tips for Furnishing and Designing an Inviting Airbnb in Burns, Tennessee

Define Your Property's Aesthetic

  • Tailor your design to reflect the local style and appeal to your target guests. For Burns, Tennessee, consider a rustic or country-chic aesthetic that aligns with the area's rural charm.

Focus on Functionality and Comfort

  • Ensure that all furniture and decor are both functional and comfortable. This includes choosing durable, easy-to-clean materials and ensuring ample seating and storage.

Room-by-Room Considerations

Bedrooms

  • Invest in high-quality bedroom furniture, including a sturdy bedframe, mattress, nightstands, and a desk if necessary. Add decorative art and lighting to create a cozy atmosphere. Budget around $1,000 to $2,000 per bedroom.

Living Room

  • Select statement pieces like a comfortable couch, coffee table, and decorative art. These items should be durable and easy to maintain. Plan to spend around $2,000 for living room furniture.

Kitchen

  • Furnish the kitchen with a dining table and chairs, and ensure there are adequate cooking utensils and supplies. Budget $500 to $1,000 for kitchen furniture and essentials.

Outdoor Spaces

  • If your property has outdoor spaces, invest in furniture and decor that enhance the guest experience. This could include patio sets, outdoor lighting, and plants to create a welcoming ambiance.

Supplies and Linens

  • Stock each bedroom with multiple sets of sheets, towels, pillows, and blankets. Also, ensure the kitchen is well-equipped with necessary supplies. Allocate around $300 per bedroom for initial supplies and consider replacing linens annually.

Security and Technology

  • Install security measures such as outdoor web cams and digital locks. Also, provide amenities like high-speed WiFi and dedicated work spaces to cater to digital nomads and traveling professionals.

Budgeting and Cost Management

  • The total cost to furnish a 4-bedroom, 2-bathroom property can range from $12,000 to $14,000. Be prepared to adjust based on the size and type of your property, as well as your target audience.

Avoid Cheap Furniture

  • Steer clear of cheap furniture made from faux wood or particle board, as it may not last long. Opt for furniture designed for heavy use and made from durable materials.

Splurging on Statement Pieces

  • Identify key areas where you want to splurge, such as the living room or dining room, and invest in high-quality, statement pieces that define the space.

Consider Hiring Professionals

  • If you are short on time or not comfortable with DIY assembly and setup, consider hiring professionals to help with furnishing and setting up your property.

Maintenance and Cleaning

  • Choose furniture and decor that are easy to clean and maintain. This will make the job easier for housekeepers and ensure a clean and welcoming space for guests.
Insider Tips

Discovering Burns, Tennessee: Local Attractions and Insider Tips

Local Attractions

Montgomery Bell State Park

  • A must-visit for outdoor enthusiasts, offering nearly 19 miles of hiking trails, an 18-hole golf course, dedicated mountain bike trails, and excellent fishing spots.

Boating and Water Activities

  • Enjoy boating, camping, and other water activities on the park's lakes and rivers, making it a perfect spot for family vacations.

Cumberland Furnace Iron Museum

  • Located in nearby Dickson County, this museum showcases the region's iron furnace history and offers tours and demonstrations.

Clement Railroad Hotel Museum

  • Another Dickson County attraction, this museum is housed in a historic hotel built in 1913 and provides a glimpse into the area's railroad history.

Dickson County Historic Courthouse

  • Established in 1804, this courthouse is a significant historical landmark and a great place to learn about the local history.

Drouillard House

  • A Victorian Italianate style mansion built as a summer house, ideal for those interested in architecture and history.

Insider Tips

Outdoor Adventures

  • For guests who love hiking, ensure they know about the over 10 miles of hiking trails within Montgomery Bell State Park. Recommend bringing comfortable hiking shoes and plenty of water.
  • Suggest renting bikes to explore the dedicated mountain bike trails.

Local Events

  • Check local event calendars for family-friendly activities such as birding experiences or other community events that might be happening during their stay.

Dining and Shopping

  • Provide recommendations for local eateries and shops in Burns and nearby Dickson County. Highlight any unique or locally-owned businesses that offer a genuine taste of the area.

Historical Exploration

  • Encourage guests to visit the Cumberland Furnace Iron Museum and the Dickson County Historic Courthouse to delve into the rich history of the region.

Community Engagement

  • Inform guests about any local festivals, farmers' markets, or community events that can enhance their experience and allow them to interact with locals.

By sharing these attractions and tips, you can help your guests have a memorable and enriching experience in Burns, Tennessee.

Practical Tips

Practical Tips to Run a Successful Short-Term Rental Business in Burns, Tennessee

To ensure the success and smooth operation of a short-term rental business in Burns, Tennessee, several practical tips can be implemented:

Noise Regulations and Quiet Hours

Inform your guests about local noise regulations and quiet hours to maintain a respectful environment for both the guests and the neighbors. Include clear guidelines on quiet hours in your house manual and listing description to set expectations from the outset.

Digital and Physical House Manual

Create a comprehensive digital and physical house manual that includes essential instructions, Wi-Fi passwords, and other important details. This manual should cover everything from how to use appliances to emergency contact information, ensuring guests have all the information they need at their fingertips.

Simplified Check-in Process

Streamline the check-in process by utilizing smart locks, which eliminate the need for physical key exchanges. Provide guests with detailed instructions on how to access the property, along with photos of the parking area and any other relevant locations. This ensures a smooth and hassle-free arrival experience.

Parking Instructions with Photos

Include detailed parking instructions in your house manual, accompanied by photos to help guests identify the correct parking spots. This reduces confusion and potential issues, making the overall stay more enjoyable and stress-free.

By implementing these tips, you can enhance the guest experience, reduce potential issues, and maintain a positive reputation for your short-term rental business in Burns, Tennessee.

Local Vendors

Here is a brief list of house cleaning providers in Burns, Tennessee:

House Cleaning Services in Burns, TN

Dickson Cleaning Service

  • Offers full-service cleaning, including dusting, mopping, bathroom cleaning, window washing, vacuuming, bed making, base boards, and counter tops.

MaidPro

  • Provides house cleaning and maid services using a 49-Point Checklist™ with local professionals.

Care.com House Cleaning

  • Lists affordable house cleaning options starting at $14.00/hr, with search filters by rates, reviews, and experience.

Top Rated Cleaners on Angie's List

  • Features a list of top-rated cleaners in Burns, TN, with real reviews and ratings.
Management fees

Short-Term Rental Management Fees in Burns, Tennessee: A Guide to Costs and Services

In Burns, Tennessee, short-term rental management fees can vary significantly, typically ranging from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management, which includes comprehensive tasks such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often falling between 25% to 30% of the rental income. In contrast, basic services that may only include leasing or minimal management can cost less, usually around 10% to 15%. Additionally, property owners may incur extra fees for services like cleaning, repairs, or design, which can be charged separately or included in the overall management fee.

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Why choose RedAwning

RedAwning is a tech leader in full-service short-term rental management, powered by our exclusive, unmatched tools.
Other property managers
Cost
Starting at 10%
25-40%
Guest communications
5-15 mins / 24 hours a day
1 hour+
Host communications
Dedicated phone and text line with no time on hold
Chat bots, hold lines and email threads
Insurance
Robust liability and dwelling coverage for every reservation
Spotty coverage with low claim approval rates
Contract
No cancellation fees
No contract lock-in
Just 90 days notice to cancel
Cancellation penalties
Number of Channels Your Listing is On
50+
2-4

Experience in numbers

Rest well knowing your property is managed by an experienced team powered by world-class technology.
+10-30%
in gross revenue
4.8 stars
guest rating
14+ years
managing STRs

Short Term Rental Calculator

Find out how much your property in Burns should generate as a short term rental and look at the performance of properties around yours.

35,000+ Properties
Hosts stay with RedAwning
1,000,000,00 Nights Booked
RedAwing knows how to get bookings
50+ Top Booking Channels
More than any other platform available

Furnishing checklist

This comprehensive checklist ensures that your rental is guest-ready with all the essentials to create a comfortable and memorable experience in Burns.

Living Room
Seating: Sofa, armchairs, and ottomans
Coffee Table
Entertainment: Smart TV (with streaming apps) and remote control
Decor: Area rug, wall art, plants, and throw pillows
Lighting: Floor lamp or table lamps
Charging Stations: Power strips or outlets with USB ports
Bedrooms
Beds: High-quality mattress with mattress protector
Linens: At least two sets of sheets per bed
Pillows: Hypoallergenic pillows (2-4 per bed)
Blankets: Extra throw blankets or quilts
Nightstands: With lamps or charging docks
Closet or Storage: Hangers, dresser, or luggage rack
Blackout Curtains or Shades
Bathrooms
Towels: Bath towels, hand towels, washcloths (2 sets per guest)
Shower Curtain & Liner
Toiletries: Shampoo, conditioner, body wash, hand soap
Bathroom Essentials: Toilet paper, tissues, trash bin
Hairdryer
Mirror: Full-length or wall mirror
Dining Area
Dining Table: Seating for the maximum number of guests
Place Settings: Placemats or tablecloths
Centerpiece: Vase with flowers or decorative piece
Kitchen
Appliances: Refrigerator, microwave, toaster, coffee maker, kettle
Cookware: Pots, pans, baking trays
Utensils: Forks, knives, spoons, spatulas, tongs
Dinnerware: Plates, bowls, glasses, mugs (2 sets per guest)
Cutting Board & Knives
Basic Spices & Condiments: Salt, pepper, oil
Cleaning Supplies: Sponge, dish soap, paper towels, trash bags
Outdoor Space (if applicable)
Seating: Outdoor chairs, benches, or lounges
Table: For outdoor dining or drinks
Lighting: String lights or outdoor lanterns
Grill: With necessary utensils and instructions
Outdoor Trash Bin
Extras to Elevate Guest Experience
Welcome Basket: Snacks, water bottles, or wine
Guidebook: Local recommendations and house rules
Board Games or Books: Entertainment for guests
Umbrella & Flashlight
Iron & Ironing Board
Laundry: Washer, dryer, and detergent (if available)
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⇤ Airbnb Statistics for Tennessee