In Columbia, Tennessee, short-term rentals are thriving, with an average 50% occupancy rate, a daily rate of $178, and a monthly revenue of $15,531, indicating a robust and lucrative market for hosts.
Thriving Short-Term Rentals in Columbia, Tennessee
Columbia, Tennessee, is witnessing a robust performance in its short-term rental market, driven by the city's appeal to travelers. According to recent data, short-term rentals in Columbia are boasting an impressive 50% occupancy rate, indicating a strong demand for these accommodations. Additionally, these rentals are generating a significant average daily rate of $178, translating to a substantial monthly revenue of $15,531. This vibrant market not only benefits property owners but also contributes to the local economy, making Columbia an attractive destination for both visitors and investors.
Short-Term Rental Regulations in Columbia, Tennessee for 2024
Current and Proposed Regulations
Current Regulations
- Owner-Occupied Homes: Short-term rentals (STRs) are permitted within owner-occupied homes in some mixed-use areas as of July 2022.
- Prohibited Areas: STRs are prohibited in certain areas not designated for mixed-use or owner-occupied homes.
Proposed Regulations and Discussion Points
- Reasonable Location Limits: Discussion on reasonable limits on the location of short-term rental units operating in Columbia.
- Quiet Enjoyment and Community Protection: Fair, reasonable, and enforceable rules to protect the quiet enjoyment of neighboring residents and the community at large.
- Safety of Occupants: Fair, reasonable, and enforceable rules to protect the safety of short-term rental unit occupants.
- Predictable Permitting and Enforcement: A predictable process of permitting and enforcement for STRs.
Upcoming Decisions
- A public forum was held to gather community input, and a vote on the proposed regulations is expected to take place in December 2024.
Top Neighborhoods for Airbnb Revenue in Columbia, Tennessee
1. Downtown Columbia
- Appeal: Downtown Columbia offers easy access to historic sites, local restaurants, and shops. Guests appreciate the vibrant atmosphere and the convenience of being close to key attractions.
- Revenue: High demand due to its central location and amenities, making it a lucrative area for Airbnb hosts.
2. Green Hills
- Appeal: Known for its family-friendly environment, Green Hills provides a comfortable and safe area for families. It is also close to parks and recreational facilities.
- Revenue: The area attracts families and travelers seeking a quiet, yet accessible, location, leading to consistent bookings.
3. Polk Memorial Park Area
- Appeal: This area is popular due to its proximity to Polk Memorial Park, which offers recreational activities and scenic views. It is also relatively close to downtown amenities.
- Revenue: Guests are drawn to the combination of outdoor activities and the convenience of being near the city center.
4. Columbia Neighborhoods near Columbia State Community College
- Appeal: These neighborhoods are attractive to students, faculty, and visitors to the college. They offer a mix of affordability and proximity to educational facilities.
- Revenue: The steady influx of students and academic visitors ensures a stable stream of bookings throughout the year.
5. Historic Districts (e.g., West 7th Street)
- Appeal: The historic charm and architectural beauty of these districts make them appealing to tourists interested in history and culture.
- Revenue: Unique and historic homes in these areas command higher rates and attract guests looking for a distinctive experience.
These neighborhoods are highly rated for their location, cleanliness, and overall guest experience, which contributes to their high revenue generation on Airbnb.
Furnishing and Design Tips for an Inviting Airbnb in Columbia, Tennessee
Define Your Property's Aesthetic
- Align your property's aesthetic with the local culture and market. In Columbia, TN, a blend of rustic charm and modern convenience is often appealing. Consider incorporating farmhouse-style elements, such as reclaimed wood furniture and warm color palettes, to reflect the local culture.
Focus on Functionality and Comfort
- Ensure that your furniture is both functional and comfortable. Guests appreciate well-equipped kitchens, comfortable seating areas, and cozy fireplaces, especially in cooler nights.
Choose Statement Pieces Wisely
- Identify the rooms that will be the focal points of your property, such as the living room or dining room, and invest in high-quality, statement pieces like couches, coffee tables, and dining room tables. These pieces will define your space and enhance the overall atmosphere.
Select Furniture by Room
- Tailor your furniture selection to each room's specific needs:
- Living Room: Comfortable seating, stylish coffee tables, and media consoles.
- Dining Room: A sturdy dining table and chairs.
- Kitchen: Modern appliances and functional kitchenware.
- Bedrooms: Stylish bedding and comfortable mattresses.
Add Personalized Touches
- Incorporate local craftsmanship in your decor to create a personalized and authentic experience for your guests. This can include unique art pieces, local textiles, or handmade furniture.
Use Budget-Friendly Options for Essentials
- For items that need frequent replacement, such as sheets and duvet covers, opt for budget-friendly options like 100% cotton sheets from affordable retailers. This helps maintain a budget while ensuring quality.
Enhance with Decor and Plants
- Add plants and decorative items to liven up the space. Plants in the corners can significantly enhance the ambiance, and decorative items like mirrors, jars, and containers can add a touch of style.
Consider Outdoor Spaces
- If your property has outdoor spaces, ensure they are well-maintained and inviting. Patios, rooftop views, or outdoor seating areas can be major selling points, especially for guests looking to enjoy the natural surroundings.
Protect Your Furniture
- Implement measures to protect your furniture from wear and tear. This can include using furniture covers, setting house rules, and ensuring that your property is well-maintained to prevent damage.
By following these tips, you can create an inviting Airbnb space in Columbia, Tennessee, that reflects the city's unique style and meets the expectations of discerning guests.
Discovering Columbia, Tennessee: Local Attractions and Insider Tips
Local Attractions
Historic Landmarks
- President James K. Polk Home & Museum: Explore the ancestral home of the 11th U.S. President.
- Columbia Athenaeum: A historic building that remains from two famous girl schools that flourished in the area.
- Maury County Courthouse: A beautifully preserved building in the historic downtown area.
Outdoor Adventures
- Duck River: The longest river entirely within Tennessee, known for its biological diversity with over 50 species of freshwater mussels and 151 species of fish. Ideal for canoeing, kayaking, and fishing.
- Yanahli Park: Offers hiking, biking, and water sports opportunities.
- Chickasaw Trace Park: Features cycling trails and scenic landscapes.
Arts and Culture
- Columbia Arts District: A vibrant area with local, funky, and creative artists and makers.
- Historic Downtown: Enjoy the vibrant Main Street, town square, live music, and various shops and restaurants.
- Public Art & Murals: Explore the city's street art, public art, and murals.
Events and Festivals
- Mule Day: An annual celebration in April honoring the city's mule heritage.
- First Fridays: Family-friendly events in downtown with live music, food trucks, and sidewalk vendors.
- Farmers Market: Regular market events featuring local produce and goods.
Dining and Nightlife
- Puckett’s Grocery: Known for its Southern comfort food, barbecue, and live music performances.
- Square Market & Cafe: Offers a variety of dining options in the heart of downtown.
- Hattie Jane's Creamery: Homemade, chef-inspired ice cream with sophisticated and nostalgic flavors.
- Southern Tre Steakhouse: A family-owned steakhouse in downtown Columbia.
Insider Tips
Getting Around
- Columbia is 45 miles south of Nashville, easily accessible via Interstate 65. Consider renting a car or using local transportation services to explore the area.
Must-Visit Spots
- The Mulehouse: A unique venue that hosts various events and live music performances.
- Hardison Mill Homestead Hall: Enjoy music and stories at Rory Feek's 100-acre historic farm.
Local Favorites
- First Fridays in Downtown: Don’t miss the live music, food trucks, and extended shopping hours on the first Friday of each month.
- Farmers Market: Check out the local produce and goods available at the regular market events.
Outdoor Activities
- Kayaking and Canoeing: Take advantage of the Duck River’s tranquil beauty and diverse wildlife.
- Hiking and Biking: Explore the trails at Yanahli Park and Chickasaw Trace Park for a mix of outdoor adventures.
Seasonal Events
- A Very Maury Christmas: Enjoy festive events and celebrations in November and December, including photos with Santa and holiday markets.
- The Homestead Festival: A festival that celebrates local heritage and culture.
By sharing these attractions and insider tips, you can help your Airbnb guests make the most of their visit to Columbia, Tennessee, and experience the full charm of this historic and vibrant city.
Practical Tips to Run a Successful Short Term Rental Business in Columbia, Tennessee
To run a successful short-term rental business in Columbia, Tennessee, several practical tips can enhance the guest experience and ensure compliance with local regulations.
Noise Regulations and Quiet Hours
Inform your guests about quiet hours to maintain a peaceful environment, especially in residential areas. Include clear noise regulations in your house manual and communicate them through pre-arrival messages to avoid any misunderstandings.
Comprehensive House Manual
Create both digital and physical house manuals that include essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual should also outline the house rules, including noise regulations, to ensure guests are well-informed and respectful of the property.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with detailed check-in instructions, including photos of the property entrance and any specific steps they need to follow. Additionally, include parking instructions with photos to help guests navigate the property easily.
By implementing these strategies, you can enhance guest satisfaction, reduce potential issues, and maintain a positive reputation for your short-term rental business in Columbia, Tennessee.
Here is a brief list of house cleaning services in Columbia, Tennessee:
House Cleaning Services
Angi Listed Cleaners
- Various house cleaners listed on Angi, offering services such as standard cleaning, deep cleaning, move-in/move-out cleaning, and more.
Care.com Cleaners
- Multiple affordable house cleaning options listed on Care.com, with rates starting at $18.56/hr.
Molly Maid
- Molly Maid of S. Davidson, Williamson, and Maury Counties offers professional house cleaning services in Columbia, TN.
Southern Mama's Cleaning & Notary Services
- Accredited by the BBB, offering residential and commercial cleaning services.
Thumbtack Cleaners
- A list of the top-rated house cleaning services in Columbia, TN, as rated by the local community.
These services vary in their offerings, rates, and specific areas of expertise, but all provide house cleaning solutions for residents in Columbia, TN.
Short-Term Rental Management Fees in Columbia, Tennessee: A Comprehensive Guide
In Columbia, Tennessee, the fees for managing short-term rental properties, such as those listed on Airbnb, can vary significantly based on the level of service provided. Typically, these fees range from 10% to 30% of the rental revenue. Full-service management companies, which handle a broad spectrum of tasks including guest communication, marketing, and maintenance, tend to charge fees on the higher end of this range, often starting at 15% to 20% of revenue.
Basic services, which may include only the essential management tasks, can be less expensive. Additionally, hosts may incur extra fees for services such as cleaning, repairs, and property design. For instance, cleaning fees are often charged separately and can be included in the overall management fee or billed to guests directly. Understanding these fee structures is crucial for hosts to optimize their revenue and ensure compliance with local regulations.