Airbnb & VRBO Performance in Summertown Tennessee.

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Summertown, Tennessee: Airbnb & VRBO Vacation Rental Market Overview

In Summertown, Tennessee, short-term rentals are showing promising performance with an average occupancy rate of 49%, a daily rate of $92, and a monthly revenue of $9,251, indicating a stable and potentially lucrative market for investors.

Market overview

Strong Recovery in Summertown, Tennessee's Short-Term Rental Market

The short-term rental market in Summertown, Tennessee, is showing promising signs of recovery and growth as of mid-2024. Despite a slight year-to-date decline in occupancy rates of about 1.5% nationally, the local market is benefiting from increased demand, particularly in coastal and rural areas. In Tennessee, overall occupancy rates have seen a positive trend, with May marking a significant turning point with a 3.1% rise in occupancy.

While specific occupancy rates for Summertown are not available, the broader trends in Tennessee suggest a healthy market. For instance, cities like Nashville, which is relatively close to Summertown, have seen occupancy rates of around 56% in 2024, indicating strong seasonal demand.

The average daily rate (ADR) for rentals, although growing at a slower pace due to inflation, is still on the rise, contributing to a positive outlook for rental owners. With summer bookings showing substantial growth, especially in rural and coastal locations, Summertown's short-term rental market is poised for a robust performance in the second half of 2024.

Short Term Regulations

Short-Term Rental Regulations in Summertown, Tennessee for 2024

While specific regulations for Summertown, Tennessee, are not provided in the sources, we can infer the general guidelines based on statewide and nearby local regulations. Here is a list of regulations that are likely to apply or be similar in Summertown, given the statewide and local context:

Statewide Regulations

  • Definition of Short-Term Rental: A residential dwelling rented for less than 30 consecutive days.
  • Liability Insurance: Maintain at least $500,000 in liability insurance unless provided by the marketplace.
  • Safety Equipment: Ensure the presence of smoke alarms, carbon monoxide detectors, and fire sprinklers as required by Title 68, Chapter 120 of the Tennessee Code.
  • Business License: Obtain a valid city and county business license.
  • Tax Compliance: Collect and remit state and local sales taxes, as well as occupancy taxes. The state sales tax rate is 7%, and local occupancy tax rates vary.

Local Regulations (Inferred from Nearby Areas)

  • Permit Requirement: Likely need to obtain a permit to operate a short-term rental, similar to other areas in Tennessee.
  • Annual Fee: Pay an annual fee for the permit, which could include inspection costs.
  • Inspections: Pass annual inspections by local building inspection, fire marshal, and other relevant departments.
  • Occupancy Limits: Comply with maximum occupancy standards, typically based on the number of bedrooms (e.g., 2 persons per bedroom plus 2 additional persons).
  • Parking Requirements: Provide adequate on-site parking; no street parking allowed.
  • Noise Restrictions: Adhere to noise regulations, such as no loud noise between 10pm-7am.
  • Contact Person: Designate a local contact person who can respond within 2 hours to any issues.
  • Signage: Post a sign with the short-term rental certificate number and contact information for the owner/manager.

Health and Safety

  • Local Health and Safety Regulations: Local governing bodies can enact laws to protect public health and safety, such as specific zoning restrictions or additional safety measures.

Given that Summertown is a small town and specific regulations might not be detailed in the sources, it is advisable to check with local authorities for any unique or additional requirements specific to Summertown.

Neighborhood Performance

Top Neighborhoods for Airbnb Revenue in Summertown, Tennessee

While specific neighborhood data for Summertown, Tennessee, is not extensively detailed in the provided sources, here is a general overview of why Summertown could be appealing for Airbnb investments and guests, along with some insights that might help in identifying potential areas.

Why Summertown is Appealing

  • Natural Beauty: Summertown is known for its rural and natural surroundings, making it an attractive destination for those seeking a peaceful getaway.
  • Outdoor Activities: The area likely offers various outdoor activities such as hiking, fishing, and other nature-based pursuits, which can attract guests looking for an escape from urban life.
  • Proximity to Attractions: Although Summertown itself may not have many specific neighborhoods, its proximity to other attractions in Tennessee could make it a viable option for travelers.

Potential Areas for Airbnb Investments

Since specific neighborhood data is limited, here are some general considerations for potential areas:

Rural Areas

  • Countryside Properties: Properties located in the countryside or near natural attractions can offer a serene and peaceful experience for guests.
  • Appeal: Guests are drawn to the tranquility and the opportunity to connect with nature.

Local Communities

  • Small Town Centers: Even though Summertown is small, properties in or near the town center can provide easy access to local amenities.
  • Appeal: Guests appreciate the convenience of being close to local shops, restaurants, and community events.

Financial Insights

While the sources do not provide detailed neighborhood-specific data for Summertown, here are some general financial insights from the available data:

  • Occupancy Rate: Summertown's short-term rentals have an average occupancy rate of 49%, indicating a moderate demand.
  • Daily Rate: The average daily rate is $92, and the monthly revenue is $9,251, suggesting a viable income stream.
  • Property Prices: Although specific property prices by neighborhood are not provided, the overall average property prices in similar rural areas of Tennessee can vary widely, often being more affordable compared to urban centers.

Given the lack of detailed neighborhood-specific data, it is crucial to conduct further local research or use real estate and vacation rental analytics tools to identify the most profitable areas within Summertown.

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Design Tips

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

Understanding Your Target Audience

  • Design the space to cater to various types of guests, including families, business professionals, and adventure enthusiasts. Ensure there are functional and private areas for all needs.

First Impressions Matter

  • The entryway should be welcoming and thoughtfully designed. Add elements like a clean and stylish mat, a small console table, and some greenery to make guests feel special.

Functional and Dual-Purpose Spaces

  • Create spaces that serve multiple functions, such as a dining room that can also be used as a workspace or a buffet area. An upstairs media room can double as a movie and game area with storage for additional bedding.

Comfort and Texture

  • Balance inexpensive and mid-range furniture to avoid a cheap, one-dimensional look. Mix different textures like smooth metal trays with handmade textured vases, and incorporate soft surfaces such as rugs, linen pillows, and wool pillows.

Lighting and Ambiance

  • Use lighting control to enhance the ambiance. Install lamps and dimmer switches in living areas and bedrooms. Ensure each bed has bedside tables and lamps, preferably with USB ports or wireless charging features.

Clean and Luxurious Bedding

  • Opt for white bedding to give a clean and fresh appearance. Invest in full and fluffy duvet inserts. Store extra bedding layers in the closet with a ribbon to indicate if they need washing.

Outdoor Spaces

  • Utilize Summertown’s natural beauty by creating inviting outdoor spaces. Include features like a grilling area, firepit, and hot tub. Ensure these areas are well-maintained and equipped for various activities.

Local and Natural Elements

  • Incorporate local and natural elements into the design. For example, use wood with red and orange undertones, and consider adding antiques to give the space character and a touch of the local culture.

Window Treatments

  • Use blackout shades to cater to different sleep preferences. Add curtain panels to draw attention to beautiful views, such as those of the Tennessee sky.

Cozy Nooks and Social Areas

  • Create cozy nooks with lamps directly over chairs for reading and social areas that encourage conversation. Use swivel chairs and occasional tables to enhance the functionality of the living room.

Attention to Detail

  • Pay attention to small details that make a big difference, such as unique hardware on cabinetry, framed tapestries, and well-placed art pieces. These elements add warmth and personality to the space.
Insider Tips

Discover Summertown, Tennessee: Local Attractions and Insider Tips

Local Attractions

Natural Wonders

  • Stillhouse Hollow Falls State Natural Area: A 90-acre natural area featuring a 75-foot waterfall, ideal for hiking and scenic views.
  • Laurel Hill Lake: Part of the Laurel Hill Wildlife Management Area, offering fishing, hunting, and outdoor activities like horse riding and camping.

Unique Communities

  • The Farm: An intentional community established in 1971, known for its EcoVillage Training Center, Farm Midwifery Center, and vegan cookbook publication house. Visitors can explore the community and participate in various activities.

Outdoor Adventures

  • Wheelin' in the Country: An off-road adventure park for rock and hill climbing, providing a thrilling experience for adventure seekers.
  • Dixie Oak Golf Club: A golf club offering a scenic and challenging golfing experience.

Local Markets and Cuisine

  • Yoder’s Homestead Market: A market on Highway 20, known for fresh vegetables, bulk items, homemade bread, and pastries. A great place to experience local Amish and Mennonite culture.
  • Schaffer Farms Texas BBQ and Butcher Shop: A local favorite for BBQ and butchered meats.

Other Attractions

  • Thunderhill Raceway Park: A racing track located in Summertown, perfect for motorsport enthusiasts.
  • Turtle Hill Sangha: A small community of Tibetan Buddhist students, offering a unique cultural experience.
  • Spiral Ridge Permaculture: A permaculture education and research center, nursery, and design firm. Great for those interested in sustainable living.

Insider Tips

Cool Summer Retreat

  • Summertown is part of the Highland Rim, known for its cooler summer temperatures, making it an ideal summer retreat.

Community Events

  • Summertown Bluegrass Festival: Check local event calendars for this festival, which celebrates local music and culture.

Local Schools and Sports

  • If you're visiting with family, note that Summertown has a strong school system with competitive athletic programs. Guests might enjoy watching a local sports event.

Tornado Safety

  • Be aware that the area has a slightly higher than average tornado activity. Stay informed about weather conditions during your visit.

Nearby Medical Facilities

  • The nearest hospital is the Southern Tennessee Regional Health System in Lawrenceburg, and the Maury Regional Medical Center, a Level 1 Trauma Center, is also nearby.

Getting Around

  • The Maury County Regional Airport and Nashville International Airport (BNA) are the closest airports. Summertown is accessible via Tennessee State Route 20 and U.S. Route 43.

By sharing these attractions and tips, you can help your Airbnb guests make the most of their visit to Summertown, Tennessee.

Practical Tips

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

To ensure the success and smooth operation of a short-term rental business in Summertown, Tennessee, several practical tips can be implemented:

Noise Regulations and Guest Communication

Inform guests about quiet hours and noise regulations to maintain a peaceful environment for both the guests and the neighbors. Clearly outline these rules in the property listing and the house manual to avoid any misunderstandings.

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 a physical binder at the property or through a digital link provided in the welcome message.

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 reduces the likelihood of lost keys.

Clear Parking Instructions

Ensure that parking instructions are clear and accompanied by photos to help guests navigate the parking area easily. This includes specifying designated parking spots, any parking restrictions, and how to access the property from the parking area.

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

Local Vendors

Here is a brief list of house cleaning services in Summertown, Tennessee, based on the available information:

House Cleaning Services in Summertown, TN

Care.com

  • Offers affordable house cleaning options starting at $15.00/hr.
  • Listings include rates, reviews, experience, and more.

Homeaglow

  • Provides top-rated house cleaners and deep cleaning services.
  • Services are professional, affordable, and background-checked.
  • Initial 3-hour clean bookings start from $19.

Angie's List

  • Lists top-rated home cleaning services with real reviews and ratings.
  • Helps in selecting the right professional home cleaning services.

These sources do not mention specific repair or maintenance providers, but they are comprehensive for house cleaning services in Summertown, TN.

Management fees

Summertown, Tennessee: Understanding Short-Term Rental Management Fees

In Summertown, Tennessee, managing a short-term rental property can come with varying management fees, typically ranging from 10% to 30% of the rental revenue. The cost depends significantly on the level of service provided. 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 between 20% to 30%. In contrast, basic services that cover only essential operations may incur lower fees, starting at around 10%. Additionally, property owners may need to account for extra fees for services like cleaning, repairs, or design and furnishing, which can further impact the overall cost of managing their short-term rental property.

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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 Summertown 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 Summertown.

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