August 10, 2016
There’s growing tension in Nashville about the impact of short-term rental properties, such as Airbnbs or VRBOs, on both the feel of neighborhoods and on the housing market. Now new city data confirm one concern: Most of the city’s 1,880 short-term rentals are operated by managers who do not live on site. As of last summer, it became legal to rent out a room or an entire house for fewer than 30 days. This arrangement, when the homeowner is present, hasn’t typically raised concerns. But that’s a small slice of Nashville’s short-term rental industry. New numbers show more than 80 percent are managed from afar or tucked into apartment buildings. The most common permit, with 900, is for a non-owner-occupied rental. After that, it’s 670 owner-occupied, and 310 in multi-family buildings….