The short-term rental market in Camden, Tennessee is showing promising signs of strong performance, with high guest satisfaction rates and a range of well-reviewed properties, indicating a healthy and appealing rental environment.
Thriving Short-Term Rentals in Camden, Tennessee: A Mid-Year Success Story
Camden, Tennessee, is experiencing a robust performance in the short-term rental market as of mid-2024. Despite the lack of specific occupancy and average daily rate data for Camden itself, the broader trends in Tennessee and the short-term rental industry are highly encouraging. Nationally, May saw an 11.4% increase in demand and a 3.1% rise in occupancy rates, indicating a strong recovery and growth in the sector.
In Tennessee, the tourism industry continues to drive demand for short-term rentals, with many areas seeing year-round interest. While local regulations, such as those in nearby cities, may impose some restrictions, Camden's vacation rentals are benefiting from the state's relatively favorable environment for short-term rental investments. With high guest satisfaction rates and a variety of well-reviewed properties available, Camden is poised to continue its successful run in the short-term rental market for the remainder of 2024.
Short-Term Rental Regulations in Camden, Maine (Not Tennessee) for 2024
Note:
The information provided is for Camden, Maine, as there is no mention of a town named Camden in Tennessee in the sources.
Proposed Regulations:
General Definitions and Requirements
- A short-term rental (STR) is defined as a dwelling unit available for rent for no more than 28 consecutive days or a calendar month.
Categories of STRs
- Commercial STRs: Owned by the licensee
- Residential STRs
- Seasonal STRs.
Licensing and Registration
- Registration required for all STRs
- STR owners must obtain a license card with a unique license number; licenses are valid for one year and require renewal before January 1 of each new year.
Safety and Health Standards
- Compliance with wastewater rules, including increased design capacity for septic systems beyond standard bedroom calculations
- Proof of adequate septic system/drain field capacity
- Certificate of insurance demonstrating property insurance and general liability insurance with coverage of at least $1,000,000.
Informational Requirements
- An acceptable Informational Packet must be provided to short-term rental occupants, including:
- Fire escape routes and emergency exits
- 24-Hour Emergency Contact
- Trash pick-up
- Noise violation standards
- The packet must be posted within the rented dwelling.
Advertising and Notification
- The Licensee must upload a calendar on any website or online advertising service showing the unique licensing number and booking dates
- No advertising or identifying mechanisms (such as signage) identifying a property as a Short-Term Rental shall be installed on the property
- Abutting property owners must be informed that a license has been granted.
Other Regulations
- The Planning Board initially recommended a 150 unit limit on commercial STRs, but this was later removed along with the lottery system for permits.
- Ensure safety of STR occupants and the public
- Protect the sense of community and Camden’s desirability as a vacation destination and attractive place to live and work
- Address the unequal playing field between existing commercial lodging industry and unregulated short-term rentals.
Top Neighborhoods for Airbnb Revenue in Camden, Tennessee
1. Springville
- Appeal: Luxury waterfront properties like "Luxury Waterfront on KY Lake @ the Petite Retreat" are highly rated for their stunning views, wildlife, and pet-friendly amenities. The well-equipped kitchens, bath bombs, shower steamers, and outdoor features such as porches and fire pits make these rentals very appealing.
2. Puryear
- Appeal: Cabins like the "Little Log House on the Highway" are favored for their spacious, cozy, and welcoming atmosphere. Guests appreciate the thoughtful amenities and the perfect setting for quality family time.
3. Camden (TN River/KY Lake Area)
- Appeal: Properties such as "Pearl Haven" and the "Cabin, Family, Duck Hunt, Fish, TN River/KY Lake" are popular due to their peaceful and quiet environments. These rentals offer easy access to the Tennessee River and Kentucky Lake, making them ideal for fishing and other water activities. Friendly hosts and well-stocked kitchens are additional attractions.
4. Dover
- Appeal: The "Cozy Pet-Friendly Riverfront Cottage" in Dover is sought after for its privacy and the variety of activities available both within the home and in the surrounding area. Guests enjoy the riverfront location and the numerous suggestions for things to do provided by the hosts.
5. Waverly
- Appeal: Rentals like "The Field Sparrow Sanctuary" offer a restful stay with outdoor games and proximity to historical sites such as a civil war park by the Tennessee River. Although the area may not have a lot of nearby activities, the peaceful atmosphere and well-maintained amenities make it a favorite among guests.
6. Big Sandy
- Appeal: The "KY Lake, Waterfront Retreat, with private Dock" is appealing due to its peaceful setting, ample parking for fishing boats, and having all the necessary amenities. This makes it an ideal spot for those looking to enjoy water activities and a serene environment.
These neighborhoods are highly appealing due to their combination of natural beauty, well-maintained properties, and thoughtful amenities that cater to various guest preferences.
Furnishing and Design Tips for an Inviting Airbnb in Camden, Tennessee
Defining Your Aesthetic
- Define your property's aesthetic based on Camden's unique style and your target market. Ensure the decor is simple, cohesive, and reflects the local charm.
Measuring and Layout
- Measure your rooms and plan the best layout to maximize space and natural light. Ensure there is ample space for guests to move around.
Smart Storage
- Use smart storage solutions such as beds with drawers, wall hooks, and stackable containers to keep the space tidy and organized.
Space-Saving Furniture
- Choose space-saving furniture with big functionality, like sofa beds, folding tables, and ottomans with hidden storage compartments. These pieces can transform the layout according to your guests' needs.
Mirrors and Lighting
- Use mirrors to make your Airbnb feel bigger and brighter. Ensure good lighting and consider adding a desk lamp for additional illumination.
Comfort and Cleanliness
- Prioritize comfort and cleanliness:
- Opt for a solid, easy-to-clean bed with a mattress that is at least 8 inches thick. Memory foam mattresses are more durable and easier to replace.
- Choose a sofa with washable covers to maintain cleanliness.
- Provide high-quality, durable towels in neutral colors that can be bleached.
Functional Essentials
- Equip your kitchen with essentials like a coffee maker, microwave, toaster, and kettle. Include basic cookware, utensils, dinnerware, and items like a cutting board and corkscrew.
- Ensure there is plenty of space for food storage, including a pantry or cupboards.
Guest Amenities
- Provide amenities that make a big difference:
- A hairdryer, basic toiletries, and a first-aid kit.
- Enough storage for guests' toiletries and personal items using shelves or cabinets.
- Consider adding a safe for valuables and ensure accessibility for guests with disabilities.
Workspace and Connectivity
- For business travelers and digital nomads, ensure there is a sturdy desk, a comfy chair, good lighting, and easy access to power outlets. High-speed internet and a Wi-Fi booster (if necessary) are crucial.
Decor and Character
- Add character to your space with intentional decor choices. Include plants, simple yet cohesive decor, and ensure every piece serves a functional purpose.
Safety and Accessibility
- Install smoke detectors, carbon monoxide detectors, and a first aid kit. Consider making your Airbnb accessible to guests with disabilities by adding ramps, wide doorways, and grab bars in bathrooms.
Discover Camden, Tennessee: Local Attractions and Insider Tips
Local Attractions
Kentucky Lake
- Explore dozens of miles of the western shoreline in Benton County, known for its abundant fishing opportunities including Crappie, Largemouth and Smallmouth Bass, catfish, bluegill, sauger, and more.
Tennessee River Freshwater Pearl Farm and Museum
- Located at Birdsong Resort and Marina, this is North America’s only freshwater pearl farm. Visitors can tour the pearl farm, visit the museum, and purchase freshwater pearl jewelry.
Patsy Cline Memorial
- A memorial site honoring Patsy Cline, Cowboy Copas, Hawkshaw Hawkins, and pilot Randy Hughes who tragically lost their lives in a plane crash on March 5, 1963. The site includes a stone monument and a new walkway.
Nathan Bedford Forrest State Park
- Features Pilot Knob outlook, one of the highest points in western Tennessee. The park offers picnicking, camping, hiking, and fishing. It also includes the Tennessee River Folklife Interpretive Center.
Birdsong Resort, Marina, and Lakeside RV and Tent Campground
- Offers cabin rentals, pontoon boat rentals, a pool, restaurant, and fishing spots. Visitors can also enjoy the freshwater pearl museum and mini-theater on site.
Birdsong Trail Ride
- A horseback riding experience through the hills, valleys, and creeks of Benton County. Provides stalls, meals, showers, and campsites.
Duck River Scenic Overlook
- Developed in 2003, this overlook offers a spectacular view of the Tennessee River Valley and is a great spot for wildlife viewing, including deer, migratory ducks, geese, and eagles.
Natchez Trace State Park
- Features four lakes, hiking trails, and excellent views of wildlife, water, and woods. Located 25 miles north of I-40.
Tennessee National Wildlife Refuge
- Ideal for biking, birding, boating, fishing, horseback riding, hunting, or watching wildlife. Rich in waterfowl, aquatic life, and other creatures.
Insider Tips
Getting Around
- Camden is accessible via US Highways 70 and 641, and I-40 runs through the southern portion of Benton County, making it easy to navigate.
Best Times to Visit
- April is great for crappie fishing at Birdsong, Eagle, and Beaverdam creeks. The Patsy Cline Memorial Weekend in early March is a significant event.
Local Culture
- Visit the Tennessee River Folklife Interpretive Center in Nathan Bedford Forrest State Park to learn about the life, ways, and customs of folks on the Tennessee River.
Outdoor Activities
- Take advantage of the various outdoor activities such as fishing, boating, and hiking in the numerous parks and wildlife refuges in the area.
Dining and Accommodations
- Enjoy dining at the restaurant at Birdsong Resort or explore local eateries in Camden. For accommodations, consider renting a cabin or camping at Birdsong Resort or other local campgrounds.
By providing these local attractions and insider tips, your Airbnb guests will have a comprehensive guide to make the most of their visit to Camden, Tennessee.
Practical Tips to Run a Successful Short Term Rental Business in Camden, Tennessee
To ensure the success of a short-term rental business in Camden, Tennessee, several key strategies can be implemented. First, it is crucial to adhere to and communicate local noise regulations to guests, including clear information about quiet hours to maintain a peaceful environment for both guests and neighbors. Creating a comprehensive digital and physical house manual is also essential; this should include detailed instructions on using appliances, Wi-Fi passwords, and other important house information.
A simplified check-in process can significantly enhance the guest experience. Utilizing smart locks eliminates the need for physical key exchanges and provides guests with immediate access upon arrival. Additionally, providing detailed parking instructions accompanied by photos can help guests navigate the property easily and reduce potential confusion.
By focusing on these aspects, you can create a well-organized, guest-friendly environment that fosters positive reviews and repeat bookings, ultimately contributing to the success of your short-term rental business in Camden, Tennessee.
Here is a brief list of house cleaning, repair, and maintenance providers in Camden, Tennessee:
House Cleaning Services
- Care.com Cleaning Services: Offers affordable house cleaning services starting at $14.50/hr, with various local listings based on rates, reviews, and experience.
- Angi House Cleaners: A list of the top 10 house cleaners in Camden, TN, with real reviews and ratings.
- Walmart House Cleaning Services: Provides cleaning services for bathrooms, kitchens, and bedrooms, available by phone or in-person at Store 738.
Restoration and Repair Services
- SERVPRO of Henry, Benton, Humphreys, and Hickman Counties: Offers 24/7 emergency services for water damage cleanup, fire damage, mold, air duct/HVAC cleaning, biohazard/crime scene cleaning, and other restoration services.
Short-Term Rental Management Fees in Camden, Tennessee: A Range of 10%-30% of Rental Revenue
In Camden, Tennessee, managing a short-term rental property can incur management fees that typically range 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 ranging between 20% to 30% of the rental income. In contrast, basic services may be more affordable, falling on the lower end of the range. Additionally, property owners may need to consider extra fees for services like cleaning, repairs, or design, which can further impact the overall cost of managing their short-term rental properties.