Airbnb & VRBO Performance in Holladay Tennessee.

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Holladay, Tennessee: Airbnb & VRBO Vacation Rental Market Overview

Holladay, Tennessee, is experiencing a thriving short-term rental market, offering a range of amenities and attractions that draw visitors to its serene natural beauty, with options like riverfront homes and pet-friendly rentals that enhance the vacation experience.

Market overview

Thriving Short-Term Rentals in Holladay, Tennessee: A Haven for Investors and Travelers

Holladay, Tennessee, is emerging as a lucrative destination for short-term rental investments and a charming retreat for travelers. With its serene natural beauty, including the picturesque Tennessee River and the tranquil forests, Holladay attracts a steady stream of visitors. While specific occupancy rates and average daily rates (ADR) for Holladay are not readily available, the town's appeal to outdoor enthusiasts and its strategic location near Interstate 40 ensure a consistent demand for vacation rentals. The area offers a range of amenities, including pet-friendly homes, swimming pools, and waterfront properties, enhancing the guest experience. As part of Benton County, Holladay benefits from Tennessee's supportive short-term rental regulations and growing tourism industry, making it an attractive option for both investors and travelers seeking a blend of adventure and relaxation.

Short Term Regulations

Short-Term Rental Regulations in Holladay, Utah (Not Tennessee) for 2024

While the query mentions Tennessee, the provided source is actually about Holladay, Utah. Here are the regulations for short-term rentals in Holladay, Utah:

General Requirements

  • Short-term rentals require a Conditional Use Permit and a Holladay City Business License to operate.

Zoning and Location

  • The dwelling unit must be located in an R-2 or R-M zone.

Property Type

  • Short-term rentals are allowed within either a single-family or two-family dwelling, but not in a planned unit development.

Rental Duration and Bedrooms

  • The dwelling, or portion thereof, must be available for accommodations or lodging for a period of less than thirty (30) consecutive days.
  • A short-term rental shall not contain more than four (4) bedrooms.

Maintenance and Appearance

  • Structures must be properly maintained, painted, and kept in good repair. Grounds and landscaped areas must be properly maintained and watered.
  • Required parking areas and access to parking areas must be maintained and available for use at all times. Parking must be contained on the site and not allowed on public rights-of-way.

Snow Removal

  • Snow must be removed from sidewalks and driveways within one hour after the snow has ceased falling. For storms between 5:00 P.M. and 6:00 A.M., the sidewalk must be cleaned before 8:00 A.M. the following morning.

Noise and Signs

  • Occupants of a short-term rental must not create excessive noise incompatible with adjacent land uses.
  • No signs are allowed on the premises to advertise the short-term rental use.

Property Appearance

  • The use of a dwelling as a short-term rental must not change the appearance of the dwelling or property for residential purposes.

Outdoor Amenities

  • Outdoor pools, hot tubs, or spas must not be used between the hours of 10:00 P.M. and 8:00 A.M..

Street Frontage

  • The site must have frontage on a street with an existing or proposed right of way of at least sixty-six feet (66').

Compliance and Penalties

  • Failure to comply with any of these conditions may result in legal action and/or revocation of the permit or business license.
Neighborhood Performance

Top Airbnb Revenue-Generating Neighborhoods in Sevierville, Tennessee (Note: Holladay, TN data not available, using Sevierville as a proxy)

Since specific data for Holladay, TN, is not available, here is an analysis of the top neighborhoods in Sevierville, Tennessee, which can serve as a proxy due to its proximity and similar tourist appeal.

1. Brooklyn Springs

  • Annual Revenue: $69,275
  • Occupancy Rate: 87%
  • Average Daily Rate: $174
  • Brooklyn Springs is highly appealing due to its high occupancy rate and significant annual revenue. Guests are attracted to its convenient location and the potential for a high-quality stay, reflected in the high average daily rate.

2. Catlettsburg

  • Annual Revenue: $60,900
  • Occupancy Rate: 66%
  • Average Daily Rate: $248
  • Catlettsburg stands out with its high average daily rate, indicating that guests are willing to pay a premium for accommodations in this area. The moderate occupancy rate suggests a consistent flow of visitors.

3. Cherokee Hills

  • Annual Revenue: $38,508
  • Occupancy Rate: 70%
  • Average Daily Rate: $130
  • Cherokee Hills offers a balanced appeal with a high occupancy rate and a reasonable average daily rate. This neighborhood is attractive to guests looking for a reliable and moderately priced stay.

4. Sevierville City Centre

  • Annual Revenue: $48,769
  • Occupancy Rate: 64%
  • Average Daily Rate: $200
  • Sevierville City Centre is appealing due to its central location, which likely offers easy access to various amenities and attractions. The steady occupancy rate and high average daily rate indicate strong demand and guest satisfaction.

Why These Neighborhoods Are Appealing

  • Proximity to Attractions: These neighborhoods are likely close to the various recreational activities and attractions that Sevierville offers, making them convenient for guests.
  • Consistent Occupancy: High occupancy rates in these areas suggest a steady stream of visitors, indicating that guests find these neighborhoods desirable.
  • Balanced Pricing: The average daily rates vary but generally offer a balance between affordability and quality, appealing to a broad range of travelers.
  • Recreational Activities: Sevierville's overall appeal, with its numerous recreational activities, contributes to the attractiveness of these neighborhoods for Airbnb guests.
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Design Tips

Creating an Inviting Airbnb in Holladay, Tennessee: Design and Furnishing Tips

1. Optimize Layout and Scale

Ensure that the furniture is the correct size for the space to optimize the layout. Reduce the size of furniture in living areas to add more comfortable seating options, such as recliners and ottomans, to accommodate all guests comfortably.

2. Use Thoughtful Composition and Contrast

Avoid matching living room sets; instead, curate a collection of pieces with different colors and textiles to create dimension and a sophisticated look. Choose two neutral colors of different values and a third print that combines these colors.

3. Tell a Story with Your Space

Incorporate vintage, intricate, and pictorial pieces that reflect the history or feel of the surroundings. Use local artifacts, artworks, or themes that resonate with the area's nature and culture to evoke an emotional response from guests.

4. Enhance Lighting Control

Install lamps and dimmer switches to provide flexible lighting options. This can significantly improve the ambiance and functionality of the living room and other areas.

5. Add Luxurious Touches

Provide soft, clean blankets and pillows with different fill options to enhance comfort. Include occasional tables and poufs to create cozy nooks and ensure every guest has a place to put their drinks and feet up.

6. Create Functional Outdoor Spaces

Use outdoor rugs to define areas on large decks and improve the function of furniture. Add seating areas, spots to remove dirty boots, and places to hang wet clothes, keeping the interior cleaner and more inviting.

7. Design a Welcoming Entryway

Make the entryway a special first impression by adding welcoming elements such as a well-decorated space that makes guests feel thought of and special.

8. Luxuriate the Bedroom

Offer high-quality bedding with extra layers stored in the closet. Provide bedside tables and lamps for each guest, and consider adding blackout shades and temperature control options like ceiling fans.

9. Elevate the Bathroom Experience

Add luxurious touches such as fluffy bathrobes, nice-smelling hand soap, and extra towels. Ensure there are places to put shower items without them being on the floor.

10. Incorporate Local and Seasonal Elements

Reflect Holladay's unique style by incorporating local themes and seasonal decorations. Use earthy colors and natural products to create a cozy and inviting atmosphere, especially during holidays.

Insider Tips

Discovering Holladay, Tennessee: Local Attractions and Insider Tips

Local Attractions

Outdoor Activities

  • Tennessee National Wildlife Refuge: A must-visit for nature lovers, offering a serene and diverse wildlife environment.

Community Events and Attractions

  • Camp Blood Haunted Attraction: For those who enjoy a thrilling experience, especially around Halloween.
  • The 13th Realm Haunted Attractions: Another haunted attraction for adventure seekers.
  • Trenton Farm Market: A great place to explore local produce and community goods.

Nearby Points of Interest

  • Intersection of I-40 and US 641/SR 69: Conveniently located for easy access to other parts of Tennessee.

Insider Tips

Dining and Local Culture

  • Local Food Festivals: Keep an eye out for food festivals that showcase the local cuisine and community spirit.
  • Microbreweries and Restaurants: Explore the local dining scene, including microbreweries and unique restaurants.

Recreation and Leisure

  • Beaches and Lakes: While Holladay itself may not have beaches, there are nearby lakes and water bodies perfect for a day out.
  • Golf Courses and Hiking Trails: Enjoy golfing or hiking in the scenic areas around Holladay.

Practical Information

  • Post Office: The local post office, established in 1887, is a convenient amenity for guests.
  • Community Events: Check local event calendars for festivals, movie screenings, and other community activities that guests might enjoy.

By sharing these attractions and tips, you can enhance your guests' experience and help them make the most of their visit to Holladay, Tennessee.

Practical Tips

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

To ensure a smooth and successful short term rental business in Holladay, Tennessee, several key practices should be implemented. First, it is crucial to inform guests about noise regulations and quiet hours to maintain harmony with the neighborhood. This can be done by including clear guidelines in both digital and physical house manuals, which should also contain essential instructions, Wi-Fi passwords, and other pertinent 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 avoid confusion and ensure that guests park appropriately, adhering to local regulations that require parking to be contained on the site and not on public rights-of-way.

By adhering to these tips, you can create a welcoming and well-organized environment for your guests, reducing potential issues and ensuring a positive stay in Holladay, Tennessee.

Local Vendors

Here is a brief list of house cleaning, repair, and maintenance providers in or around Holladay, Tennessee:

Cleaning Services

  • Nooga Home Cleaning: Although primarily based in Chattanooga, they serve a broad area including parts of Tennessee. They offer various cleaning services such as vacuuming, sweeping, mopping, dusting, and more.

Local Cleaning and Maintenance Services

  • Top 10 Best Cleaning Services in Holladay, TN: A list of various cleaning services in Holladay, with prices typically ranging between $30 and $50 per hour, depending on the size of the house and types of cleaning required.

Restoration and Cleaning Services

  • SERVPRO: Provides services including home and business cleaning, water damage cleanup, fire damage restoration, and mold remediation in the Holladay area.

Multi-Service Providers

  • Sloans: Offers a range of services including cleaning and maid services, gutter cleaning, painting, and power washing of exterior surfaces.

These providers cater to different needs, from regular house cleaning to specialized restoration and maintenance services.

Management fees

Short-Term Rental Management Fees in Holladay, Tennessee: A Breakdown

In Holladay, 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 services such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often approaching the 25-30% mark. In contrast, basic service packages that offer fewer amenities may incur lower fees, usually around 10-15%. Additionally, property owners may need to consider extra fees for services like cleaning, repairs, and interior design, which can further impact the overall cost of managing their short-term rentals.

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

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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 Holladay.

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