Airbnb & VRBO Performance in Hilham Tennessee.

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Hilham, Tennessee: Airbnb & VRBO Vacation Rental Market Overview

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.

Market overview

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 Regulations

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.
Neighborhood Performance

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.

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Design Tips

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.
Insider Tips

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

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.

Local Vendors

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.
Management fees

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.

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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 Hilham should generate as a short term rental and look at the performance of properties around yours.

35,000+ Properties
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Furnishing checklist

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

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