In Hilham, Tennessee, short-term rentals are performing well, with an average occupancy rate of 40%, a daily rate of $138, and a monthly revenue of $15,062, indicating a stable and profitable market for vacation rental investors.
Thriving Short-Term Rental Market in Hilham, Tennessee
The short-term rental market in Hilham, Tennessee, is exhibiting robust performance, making it an attractive destination for both investors and travelers. As of the latest data, short-term rentals in Hilham are achieving an average occupancy rate of 40%, indicating a steady demand for vacation properties in the area. Additionally, these rentals are commanding an average daily rate of $138, contributing to a substantial monthly revenue of $15,062. This strong performance underscores the potential for significant returns on investment and highlights Hilham as a promising location for those looking to venture into the short-term rental market.
Short-Term Rental Regulations in Hamilton County, Tennessee (Including Unincorporated Areas) for 2024
While the specific regulations for the unincorporated areas of Hamilton County, which would include areas like Hixson or other rural parts, are generally consistent with county-wide rules, here are the key regulations:
Permit and Inspection Requirements
- All short-term vacation rentals (STVRs) must obtain a permit and pass an annual inspection.
Fees and Certificates
- Pay an annual fee of $750, which includes $250 for the inspection.
Property Signage
- Post a sign at the front of the property showing the STVR certificate number and contact information for the owner/manager, who must be able to respond within 2 hours.
Occupancy Limits
- Limit occupancy based on the number of bedrooms (e.g., maximum of 14 people for a 5-bedroom home).
Parking
- Provide adequate on-site parking; no street parking is allowed.
Noise Restrictions
- No loud noise between 10pm-7am.
Pet Regulations
- Ensure pets are leashed when outside.
Safety and Health Standards
- Comply with state and local safety regulations, including the installation, maintenance, and testing of fire sprinklers, smoke alarms, and carbon monoxide alarms.
Liability Insurance
- Maintain liability insurance of at least $500,000 unless provided by the marketplace.
Zoning Compliance
- Ensure the property is located in a zone that allows short-term vacation rentals. STVRs are allowed in all zones except manufacturing districts.
Tax Compliance
- Collect and remit room/hotel occupancy tax and pay sales taxes as required.
Violation Consequences
- If an STVR receives 3 violations, their permit can be revoked or not renewed, and the county may take legal action.
Title: Top Airbnb Neighborhoods in Hillsboro, Tennessee: Why They Are Appealing to Guests
While the specific location mentioned is Hilham, Tennessee, the provided sources focus on Hillsboro, which is likely a reference to the Hillsboro Village area in Nashville or other nearby locations. Here are the top neighborhoods or areas generating significant Airbnb revenue in the Hillsboro area of Tennessee:
Hillsboro Village
- Appeal: Centrally located, just two miles from downtown Nashville, offering a small town atmosphere with easy access to the city's amenities.
- Features: Historic neighborhood, free parking, and quick access to Nashville's best attractions.
Hillsboro Neighborhood (near Vanderbilt)
- Appeal: Nestled in a historic neighborhood, close to Vanderbilt University, and offering designer renovations and a fully-stocked kitchen.
- Features: Spacious master bathroom, designer renovations, and a convenient location near a major university.
Monteagle and Surrounding Areas
- Appeal: Offers a mix of rural and scenic settings with options like tiny homes and farm stays, providing a peaceful getaway while still being close to shopping and other amenities.
- Features: Quiet country settings, open firepits, picnic areas, and plenty of space for children to play.
These neighborhoods are appealing due to their unique blend of historic charm, modern amenities, and convenient locations that cater to a variety of guest preferences, whether they are looking for a quiet retreat or easy access to city attractions.
Creating an Inviting Airbnb in Hilham, Tennessee: Design and Furnishing Tips
Living Room
- Lighting Control: Install lamps and dimmer switches to provide flexible lighting options that enhance the ambiance and guest experience.
- Comfortable Seating: Include plush blankets, pillows with various fill options, and a pouf for a cozy and inviting atmosphere.
- Functional Layout: Design the room to facilitate conversation and ensure each guest has a place to put their drinks and other items. Consider swivel chairs and a nook for reading.
- Occasional Tables: Ensure there are sufficient tables for guests to place their belongings and enjoy their stay.
Bedroom
- Luxurious Bedding: Offer high-quality bedding with multiple layer options stored in the closet for easy access. Use different fill options for pillows to cater to various preferences.
- Temperature Control: Install ceiling fans or provide other temperature control options to ensure guest comfort.
- Bedside Amenities: Provide bedside tables and lamps for each guest, including features like USB ports or wireless charging.
- Blackout Shades: Use layered window coverings, including blackout shades, to accommodate different sleep preferences.
General Design
- Attention to Detail: Focus on pampering guests by anticipating and meeting all their needs, from extra towels to fully stocked kitchens.
- Local Theme: Incorporate elements that reflect the unique style and natural beauty of Hilham, Tennessee, such as rustic decor or nature-inspired accents.
- Cleanliness and Maintenance: Ensure the property is meticulously clean and well-maintained to enhance the guest experience.
Outdoor Spaces
- Utilize Natural Beauty: If the property has outdoor spaces, enhance them with amenities like fire pits, lounge chairs, and picnic tables to connect guests with the natural surroundings of Hilham.
- Amenities and Activities: Provide outdoor activities or amenities such as grills, hot tubs, or lawn games to make the stay more enjoyable and memorable.
Themed Touches
- Local Inspiration: Theme your Airbnb with elements inspired by the local culture and environment, such as using local artwork or decor that reflects the area's history and natural beauty.
- Consistent Style: Maintain a consistent design style throughout the property to create a cohesive and inviting atmosphere.
Discover Hilham, Tennessee: Local Attractions and Insider Tips
Local Attractions
Standing Stone State Park
- Located 5 miles north of Hilham, this park features over 8 miles of hiking trails ranging from easy to strenuous, beautiful Standing Stone Lake, and historic WPA cabins.
- Enjoy fishing, paddling, and scenic views around the lake.
- The park is home to the famous National Rolley Hole Marble Tournament every September.
Standing Stone State Forest
- Part of the larger Standing Stone State Park, the forest offers additional recreational opportunities and historic significance.
Historic Standing Stone
- A 12-foot-tall rock that was once a boundary line between two Indian nations. Although the rock fell, a portion of it is preserved in nearby Monterey.
Nearby Attractions
Monterey, Tennessee
- Monterey Depot Museum: Explore the rich history of Monterey and its people, including Native American history and the town's role as a resort destination.
- The Lake at Meadow Creek Park: Offers fishing, non-motorized boating, kayaking, and hiking trails. It also features rock-climbing opportunities.
- Monterey Farmers’ Market: A Saturday market with homemade goods, fresh produce, live music, and local farmers.
- Monterey Rail Trail: A paved biking, walking, and jogging trail through downtown Monterey.
- Whitaker Park: A community park with a walking trail, playground, picnic pavilions, a splash pad, and an amphitheater.
Insider Tips
Outdoor Activities
- Hiking and Biking: Take advantage of the extensive trails at Standing Stone State Park and the Monterey Rail Trail.
- Fishing and Boating: Enjoy these activities at The Lake at Meadow Creek Park and Standing Stone Lake.
Local Events
- National Rolley Hole Marble Tournament: Attend this unique tournament held at Standing Stone State Park every September.
- Monterey Farmers’ Market: Visit on Saturdays for a taste of local culture and goods.
Scenic Drives
- Motorcycling / Carve the Cumberland: Explore the scenic and winding backroads around Monterey, ideal for motorcycle enthusiasts.
Dining and Shopping
- Local Eateries: Discover unique eateries along the scenic routes and in downtown Monterey.
- Monterey Farmers’ Market: Buy fresh produce and homemade goods directly from local farmers.
Accommodation Tips
- Cabin Reservations: Book historic WPA cabins or modern cabins at Standing Stone State Park up to a year in advance.
- Group Lodges: Utilize the group lodges at Standing Stone State Park for larger gatherings and events.
By sharing these local attractions and insider tips, you can enhance your guests' experience and help them make the most of their visit to Hilham, Tennessee.
Practical Tips to Run a Successful Short Term Rental Business in Hilham, Tennessee
To ensure the success of your short term rental business in Hilham, Tennessee, several key practices can make a significant difference. First, it is crucial to address noise regulations by informing guests about quiet hours through clear communication in your listing and a welcome packet. This helps maintain a respectful environment for both guests and neighbors.
Creating a comprehensive digital and physical house manual is also essential. This manual should include detailed instructions on how to use appliances, Wi-Fi passwords, and other important information about the property. This not only enhances the guest experience but also reduces the likelihood of misunderstandings or damage to the property.
Streamlining the check-in process is another vital aspect. Utilizing smart locks eliminates the need for physical key exchanges, making the arrival process smoother and more convenient for guests. Additionally, providing detailed parking instructions accompanied by photos can help guests navigate the property easily, reducing potential confusion.
By implementing these strategies, you can enhance guest satisfaction, minimize potential issues, and ensure a smooth and enjoyable stay for all your visitors in Hilham, Tennessee.
Here is a brief list of house cleaning, repair, or maintenance providers in Hilham, Tennessee:
House Cleaning Services
- Sparkling and Beyond: Offers professional deep cleaning services for houses, businesses, and commercial properties. They also provide high-quality janitorial services and maintenance solutions.
Repair and Maintenance Services
- Master Services: Specializes in foundation repair, basement waterproofing, and crawl space repair in Hilham, TN.
Short-Term Rental Management Fees in Hilham, Tennessee: A Breakdown
In Hilham, Tennessee, managing a short-term rental property comes with varying fees, typically ranging from 10% to 30% of the rental revenue, depending on the level of service required. 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. For landlords opting for more basic services, the fees can be lower, usually around 10% to 20%. Additionally, property owners may incur extra fees for services like cleaning, repairs, or design enhancements, which can further impact the overall cost of property management.