Airbnb & VRBO Performance in Parsons Tennessee.

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Parsons, Tennessee: Airbnb & VRBO Vacation Rental Market Overview

The short-term rental market in Parsons, Tennessee, is showing promising signs with an average occupancy rate of 32% and a monthly revenue of $9,769, indicating a stable and potentially growing sector despite broader market fluctuations.

Market overview

Strong Performance in Parsons, Tennessee Short-Term Rentals

Parsons, Tennessee, is experiencing a robust performance in the short-term rental market, showcasing promising trends for property owners. Despite regional variations, the area is seeing notable metrics. On average, short-term rentals in Parsons achieve an occupancy rate of around 32%, indicating a steady demand for vacation properties.

In terms of pricing, the average daily rate for these rentals is approximately $117, contributing to a healthy monthly revenue of $9,769. Additionally, projections for November suggest that 2-bedroom vacation rentals can generate over $154 per night on average, highlighting the area's attractiveness to travelers. These figures indicate a positive outlook for the short-term rental market in Parsons, Tennessee, making it an appealing destination for both visitors and property investors.

Short Term Regulations

Short-Term Rental Regulations in Parsons, Tennessee for 2024

While the specific regulations for Parsons, Tennessee, are not detailed in the provided sources, here are the general statewide and common municipal regulations that would likely apply or serve as a guideline for Parsons:

Statewide Regulations

  • Definition of Short-Term Rental: A residential dwelling rented out fully or partially for a fee for less than 30 consecutive days.
  • Liability Insurance: Maintain liability insurance of at least $500,000 unless provided by the marketplace.
  • Safety Equipment: Ensure the presence of smoke alarms, fire sprinklers, and carbon monoxide alarms.
  • Taxes: Collect and remit room/hotel occupancy tax and sales taxes.
  • Business Licenses: Hold a valid city and county business license.

Common Municipal Regulations

Licensing and Permits

  • Obtain a Short Term Rental Property Permit from the local authorities, which may require various documents such as owner details, proof of ownership, and insurance.

Zoning

  • Comply with local zoning laws; properties in certain residential zones may be restricted from operating as short-term rentals.

Safety and Health

  • Ensure compliance with public health and safety regulations, which may include specific rules on fire safety, noise levels, and waste disposal.

Parking and Occupancy

  • Provide adequate on-site parking and comply with maximum occupancy standards.

Local Contact

  • Have a local contact person available at all times, who can reach the rental unit within a specified time frame (e.g., 2 hours).

Renewals and Fees

  • Renew permits annually and pay any associated fees; non-compliance can result in penalties or loss of the permit.

Additional Requirements

  • Follow rules on quiet hours, neighborhood notification, and trash disposal.

Given that Parsons, Tennessee, would likely follow these statewide and common municipal guidelines, it is advisable to check with local authorities for any specific regulations or additional requirements unique to Parsons.

Neighborhood Performance

Title: Top Neighborhoods for Airbnb Revenue in Parsons, Tennessee, and Their Appeal

While specific neighborhood-level data for Parsons, Tennessee, is not provided in the sources, we can infer the appeal of various areas based on the types of vacation rentals and guest reviews available.

Neighborhoods and Their Appeal

1. Areas Near the Tennessee River

  • Appeal: These areas are highly rated for their peaceful and private accommodations. Guests praise the proximity to the Tennessee River, which offers opportunities for relaxation, fishing, and other water activities. For example, the "TN River Cabin - Relax, Hunting, Fishing & a Yeti!" and "The Porch at TN River" are highly rated for their scenic locations and amenities.

2. Pleasantville and Surrounding Areas

  • Appeal: Guests appreciate the off-the-beaten-path locations, such as the "Guest House on Beautiful Cane Creek," which is praised for its privacy and all the necessary amenities. These areas offer a serene and secluded experience while still being accessible to local attractions.

3. Camden and Nearby Neighborhoods

  • Appeal: Properties like "Pearl HavenTN RiverKY LakeTVALong-term*100Mbps" are favored for their peaceful and quiet environment. Guests also appreciate the friendly hosts and neighbors, making these areas ideal for those seeking a tranquil retreat.

4. Decaturville and Adjacent Areas

  • Appeal: The "Private getaway on the TN river" is highlighted for its natural beauty, including unexpected natural beaches along the river. Guests enjoy the well-stocked homes and the nostalgic value of staying near places they or their family members have visited before.

General Appeal of Parsons

  • Natural Beauty: Parsons is appealing due to its natural landscapes, including the Tennessee River and surrounding countryside.
  • Privacy and Seclusion: Many rentals offer private and secluded accommodations, which are highly praised by guests.
  • Local Hospitality: Friendly hosts and neighbors contribute to a welcoming atmosphere.
  • Proximity to Attractions: While Parsons itself may be quiet, its proximity to larger attractions and outdoor activities makes it an attractive destination for those seeking a mix of relaxation and exploration.

These factors collectively make Parsons an appealing destination for Airbnb guests looking for a peaceful and scenic getaway.

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Design Tips

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

Setting the Foundation

  • Measure and Plan: Measure your rooms and plan the layout to ensure ample space and optimal use of natural light. Avoid blocking light sources and leave enough room for guests to move around comfortably.

Choosing the Right Furniture

  • Select Durable and Easy-to-Clean Furniture: Opt for furniture that is sturdy and easy to maintain. Avoid materials like real and faux leather, which are difficult to clean.
  • Invest in Timeless Pieces: Stick to your theme and choose timeless, durable pieces that will last. Consider sofa beds, folding tables, and ottomans with hidden storage for versatility.

Enhancing Functionality

  • Utilize Smart Storage: Use beds with drawers, wall hooks, pegboards in the kitchen, and stackable containers to boost storage and keep the space tidy.
  • Provide Essential Amenities: Include a hairdryer, basic toiletries, a first-aid kit, and high-quality towels in neutral colors. Ensure there is enough storage for guests' personal items.

Creating a Welcoming Atmosphere

  • Reflect Local Style: Incorporate elements that reflect the unique style and charm of Parsons, Tennessee. This could include rustic or vintage pieces that align with the local aesthetic.
  • Add Plants and Decor: Add plants and decorative items to liven up the space and make it feel more welcoming.

Ensuring Comfort and Convenience

  • High-Quality Bedding: Choose a solid bed with a mattress that is at least 8 inches thick. Opt for memory foam mattresses for durability and ease of replacement. Use a mattress cover to extend the life of the mattress.
  • Provide Necessary Appliances and Utensils: Stock up on basic cookware, utensils, dinnerware, and appliances. Include items like a cutting board, measuring cups, and a corkscrew.

Catering to Different Needs

  • Accessibility: Consider making your Airbnb accessible to guests with disabilities by adding features like ramps, wide doorways, and grab bars in bathrooms.
  • Work and Internet Needs: Ensure there is good lighting, easy access to power outlets, and high-speed internet for business travelers and digital nomads. A desk lamp, stationery, and a power strip can be very handy.

Timing and Budgeting

  • Update During Off-Season: Plan furniture updates during the off-season or short gaps between bookings to minimize disruption to guests.
  • Budget Wisely: Allocate your budget effectively by splurging on statement pieces like couches and dining tables, while being more frugal on less critical items.

Safety and Maintenance

  • Install Safety Devices: Ensure the property is equipped with smoke detectors, carbon monoxide detectors, and a first aid kit.
  • Involve Your Cleaning Crew: Inform your cleaning crew about any new furniture or layout changes to ensure they can maintain the property effectively.
Insider Tips

Discovering Parsons, Tennessee: Local Attractions and Insider Tips

Local Attractions

Outdoor Activities

  • Tennessee River: Enjoy fishing, boating, swimming, water skiing, jet skiing, and camping along the scenic Tennessee River. The river features five marinas and over 50 miles of beautiful shoreline.
  • Tennessee River Golf Club: An 18-hole golf course with lush bermuda grass fairways and pristine bent grass greens. The course offers a stocked pro shop, snack bar, and driving range.
  • Perryville Marina: A full-service marina providing easy access to the Tennessee River.
  • Carroll Cabin Barrens State Natural Area: Explore this natural area for its unique flora and fauna.

Museums and History

  • Parsons & Greater Area Museum: Located in the Parsons City Municipal Complex, this museum showcases the history of West Tennessee, including exhibits on dinosaurs, Native Americans, early settlement, and area occupations. Admission is $2.00 per person.
  • Brownsport Furnace: A park featuring an interpretive site of an old Pig Iron smelting furnace, along with areas for picnics and trail rides.

Entertainment and Culture

  • Rivertime Players: A community-based performing arts organization presenting dramatic and musical theatre. Check for upcoming productions and events.
  • Decaturville Main Street Festival: An annual festival held on the Main Street of Decaturville, offering entertainment, food, and community activities.

Dining

  • Rivershack Restaurant: Known for fresh catfish, open Thursday through Saturday. Call ahead for reservations.
  • Fish House Diner: Offers filet or whole fish, along with a salad bar. Open Thursday through Saturday.
  • Little Josh's Family Restaurant: Enjoy fresh Tennessee River catfish with all the trimmings.

Insider Tips for Airbnb Hosts

Local Favorites

  • Recommend the local restaurants: Inform your guests about the popular restaurants like Rivershack, Fish House Diner, and Little Josh's Family Restaurant for a taste of authentic Tennessee cuisine.
  • Explore the Tennessee River: Suggest activities such as fishing, boating, or simply enjoying a scenic walk along the river.

Hidden Gems

  • Visit the Parsons & Greater Area Museum: This museum is a great place to learn about the local history and culture.
  • Attend a Rivertime Players performance: If there is a show scheduled during your guests' stay, recommend attending for a unique cultural experience.

Outdoor Activities

  • Provide information on marinas and golf courses: Let your guests know about the Perryville Marina and the Tennessee River Golf Club for those interested in outdoor activities.
  • Suggest a visit to Carroll Cabin Barrens State Natural Area: This natural area is perfect for nature lovers and those looking to explore unique flora and fauna.

Community Events

  • Check for local festivals: Inform your guests about any upcoming festivals, such as the Decaturville Main Street Festival, to enhance their local experience.

Practical Tips

  • Provide contact numbers: Share contact numbers for local attractions and restaurants to help your guests plan their stay more easily.
  • Recommend calling ahead: Suggest calling ahead for reservations at popular restaurants and tee times at the golf course to avoid any inconvenience.
Practical Tips

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

To ensure the success of your short-term rental business in Parsons, Tennessee, several practical tips can make a significant difference in guest satisfaction and operational efficiency.

Noise Regulations and Quiet Hours

Inform your guests about the quiet hours and noise regulations in Parsons to maintain a peaceful environment. Include this information in your digital and physical house manual to set clear expectations from the outset.

Comprehensive House Manual

Create a detailed digital and physical house manual that includes essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual should be easily accessible to guests, either in the rental property or via a digital link provided in the welcome message.

Simplified Check-in Process

Streamline the check-in process by utilizing smart locks, which eliminate the need for physical keys and allow guests to enter the property at their convenience. Provide clear instructions on how to use the smart locks and include photos to help guests locate and operate them.

Parking Instructions

Ensure that guests know where to park by providing detailed parking instructions accompanied by photos. This helps avoid confusion and potential issues with neighbors or local authorities. Include information on designated parking spots, any parking restrictions, and alternative parking options if necessary.

By implementing these tips, you can enhance the guest experience, reduce potential issues, and maintain a positive reputation for your short-term rental business in Parsons, Tennessee.

Local Vendors

Here is a brief list of house cleaning providers in Parsons, Tennessee:

House Cleaning Services

  • Sparkling and Beyond:
  • Offers professional house cleaning and move-out cleaning services.
  • Uses state-of-the-art equipment and has years of experience.

General House Cleaning Options

  • Various Providers Listed on Care.com:
  • Multiple affordable house cleaning options starting at $25.00/hr.
  • Listings include details on rates, reviews, and experience.

House Cleaning Services Listed on Angi

  • Top 10 Best Home Cleaning Services:
  • A list of the top-rated home cleaning services in Parsons, TN, with average costs ranging from $100 to $180 for about four hours of work.
Management fees

Short-Term Rental Management Fees in Parsons, Tennessee: A Guide to Costs and Services

In Parsons, Tennessee, managing a short-term rental property can incur management fees that typically range from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management, which includes comprehensive tasks such as guest communication, marketing, and maintenance, tends to fall on the higher end of this spectrum, often between 20% to 30% of the rental income. For more basic services, the fees can be lower, usually around 10% to 15%. Additionally, property owners may incur extra fees for services like cleaning, repairs, or design enhancements, which can vary based on the specific needs of the property and the services offered by the management company.

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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 Parsons 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 Parsons.

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