Airbnb & VRBO Performance in Memphis North Carolina.

Short-Term Rental Regulations in Memphis, Tennessee for 2024

Permit Requirements

• Permit Obligation: Short-term rental property owners must obtain a permit from the City Division of Public Works.
• Application Fee: $300 for the initial application.
• Renewal Fee: $150 annually, though some sources mention a $50 or $75 renewal fee, the predominant sources indicate $150.

Compliance and Documentation

• Site Plan: Submit a detailed site plan outlining occupancy limits and other site features.
• Proof of Insurance: Provide proof of homeowner's fire, hazard, and liability insurance of at least $1 million per occurrence.
• Compliance with Codes: Documentation demonstrating compliance with building, health, and safety codes.
• Local Contact Person: Designate a local contact person to address any issues or violations promptly.

Operational Guidelines

• Zoning Compliance: Ensure the property aligns with local zoning laws and regulations.
• Occupancy Limits: Adhere to occupancy limits defined by local zoning laws, typically up to 4 sleeping rooms.
• Age Requirement: The principal renter must be at least 18 years old.

Safety and Health

• Fire Extinguishers: Have a five-pound fire extinguisher in each unit.
• Smoke and Carbon Monoxide Detectors: Install approved smoke alarms in all sleeping areas and carbon monoxide detectors on every habitable floor.

Tax Obligations

• Sales and Tourist Taxes: Collect and remit local and state sales and tourist taxes from guests.

Additional Requirements

• No Food and Beverages: Do not provide food and beverages as part of the rental.
• Posting Contact Information: Post the name and phone number of the responsible party.
• Inspections: Properties may be subject to inspections by Memphis/Shelby County Code Enforcement.

General Regulations

• Non-Transferable Permits: Permits are non-transferable and must be renewed annually.
• LLC Ownership: LLC ownership of the rentals is permitted.
• Response to Complaints: Respond promptly to complaints and ensure compliance with all relevant rules and regulations.

Tips for Furnishing and Designing an Inviting Airbnb in Memphis, Tennessee

Define Your Property's Aesthetic

• Tailor your design to reflect Memphis's unique style, which often includes elements of blues and rock 'n' roll, Southern charm, and vibrant cultural influences.

Focus on Functionality and Comfort

• Ensure each room is well-equipped and comfortable for guests. For example, a well-stocked kitchen with essential appliances and cookware is crucial.
• Include amenities like smart TVs, WiFi, and comfortable sleeping arrangements to enhance guest experience.

Choose Statement Pieces Wisely

• Invest in high-quality, unique pieces such as couches, coffee tables, and dining room tables that define the space and add character. These are often worth splurging on to create a memorable experience.

Add Local Touches

• Incorporate local art, books, and music to give your Airbnb a genuine Memphis feel. For instance, decorate with items that reflect the city's musical heritage or include local literature and guides.

Stage Bedrooms for Comfort

• Ensure bedrooms are inviting and comfortable. Use simple and classy decor, and consider adding amenities like extra pillows, blankets, and a workspace if necessary.

Utilize Outdoor Spaces

• If your property has an outdoor area, make the most of it. Add outdoor seating, fire pits, and other entertainment features to create a welcoming space for guests to relax and enjoy the Memphis atmosphere.

Protect Your Furniture

• Use durable and easy-to-clean furniture to protect your investment. Consider using furniture covers and implementing house rules to maintain the property's condition.

Balance Budget and Quality

• While it's tempting to buy cheaper furniture, balance your budget by investing in key areas that will make the biggest impact on guest experience. Compromise on less critical items to stay within budget.

Add Greenery and Ambiance

• Incorporate plants and ambient lighting to liven up the space and create a cozy atmosphere. This can include fireplaces, candles, or string lights to enhance the ambiance.

Ensure Central Location and Accessibility

• Highlight the property's central location and proximity to Memphis's key attractions. This can be a major selling point for guests looking to explore the city.

Exploring Memphis, Tennessee: Local Attractions and Insider Tips for Airbnb Hosts

Must-Visit Attractions

Graceland

• The iconic home of Elvis Presley, featuring exhibits on his life, career, and legacy. Don't miss the display of his jumpsuits and collection of cars and motorcycles.

Beale Street

• Known as “America’s Most Iconic Street,” Beale Street is a hub for live music, vibrant lights, and regional food specialties. It's a must-visit for its blues clubs and restaurants.

National Civil Rights Museum

• Located on the site of the Lorraine Motel, this museum showcases the history of the American Civil Rights Movement, including artifacts and eyewitness stories. A poignant and educational experience.

Memphis Rock ‘n’ Soul Museum

• An exhibition by the Smithsonian Institution that tells the story of the birth of rock and soul music, highlighting pioneers who overcame racial and socio-economic barriers.

Sun Studio

• The legendary recording studio where Elvis, Johnny Cash, and other music legends were discovered. Visitors can hold Elvis’ microphone and stand.

Stax Museum of American Soul Music

• Located at the original site of Stax Records, this museum features interactive exhibits and memorabilia from artists like Otis Redding and Isaac Hayes.

The Memphis Zoo

• Home to over 4,500 animals, including pandas, lions, and primates. A great place for a family day out.

Shelby Farms Park

• One of the largest urban parks in the country, offering over 40 miles of trails, 20 bodies of water for fishing, and the iconic Shelby Farms Greenline.

Insider Tips

Local Cuisine

• Memphis is famous for its BBQ. Recommend local BBQ joints like Central BBQ or Corky’s BBQ for an authentic taste experience.

Nightlife

• For a lively night out, suggest a stroll down Beale Street or a visit to the FedEx Forum for live music and sports events.

Outdoor Activities

• Encourage guests to explore Shelby Farms Park for hiking, biking, or fishing. Tom Lee Park is another great spot for a walk or bike ride along the Mississippi River.

Cultural Experiences

• Recommend a visit to the Belz Museum of Judaic and Asian Art or the Center for Southern Folklore for a deeper dive into Memphis’s cultural heritage.

Family-Friendly Activities

• Suggest the Memphis Zoo, Mud Island River Park, or the Children’s Museum of Memphis for families traveling with kids.

Additional Recommendations

Old Dominick Distillery

• For whiskey enthusiasts, a tour of Old Dominick Distillery offers a sensory journey through their state-of-the-art facility.

Peabody Ducks

• A fun and unique experience is watching the Peabody Ducks march through the lobby of the Peabody Hotel.

Live Music

• Memphis is known for its music scene. Recommend checking out live music performances on Broadway in Nashville (if guests have time for a short detour) or at various venues along Beale Street.

By providing these recommendations, you can help your guests make the most of their visit to Memphis and create memorable experiences.

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

To operate a successful short-term rental business in Memphis, Tennessee, several practical tips can make a significant difference in guest satisfaction and compliance with local regulations.

Noise Regulations and Quiet Hours

Inform your guests about quiet hours to ensure compliance with Memphis's noise regulations. Include clear guidelines in your digital and physical house manual, specifying the quiet hours and the consequences of violating them. This helps maintain a peaceful environment for both your guests and neighboring residents.

Comprehensive House Manual

Create a detailed digital and physical house manual that includes essential instructions, Wi-Fi passwords, and other important information. This manual should cover everything from how to use appliances to emergency contact details, ensuring your guests have a smooth and hassle-free stay.

Simplified Check-in Process

Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with a unique access code and detailed instructions on how to enter the property. This not only enhances convenience but also improves security.

Parking Instructions with Photos

Include clear parking instructions in your house manual, accompanied by photos to help guests identify the designated parking areas. This reduces the likelihood of parking issues and ensures that guests can find a spot easily, especially in areas with limited parking.

By implementing these tips, you can enhance the guest experience, reduce potential issues, and ensure your short-term rental business in Memphis operates smoothly and in compliance with local regulations.

It appears there might be some confusion between Memphis, Tennessee, and Memphis, North Carolina, as the sources provided are mainly about services in Memphis, Tennessee. Here is a brief list of house cleaning services available in the Memphis, Tennessee area, since there is no specific information provided for Memphis, North Carolina:

House Cleaning Services in Memphis, TN

Memphis Maids

• Provides quality maid services in Memphis, Cordova, Collierville, Germantown, and surrounding areas.
• Offers customized cleaning plans, including weekly, bi-weekly, and monthly services.
• Ensures all maids are fully qualified, background-checked, and reference-checked.

Other Services

There are no specific house cleaning services mentioned for Memphis, North Carolina. However, if you are looking for services in nearby areas, you might consider national chains that could potentially serve or recommend local providers.

For repair or maintenance services, it would be best to search for local providers in Memphis, North Carolina, as the provided sources do not cover these services or this specific location.

Short-Term Rental Management Fees in Memphis, Tennessee

In Memphis, Tennessee, short-term rental management fees typically range from 10% to 30% of the rental revenue, varying based on the level of service provided. Full-service management, which includes guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum. This comprehensive approach ensures that all aspects of the rental property are managed efficiently, but it comes with a corresponding higher fee. On the other hand, basic services such as rent collection and minimal maintenance may incur lower fees. Additionally, property owners may encounter extra fees for services like cleaning, repairs, or design, which can be either flat fees or percentages of the rental income.