Nashville: Your Rental Hot Spot

Written by Erin Reynolds erin@diymama.net Image via Pixabay

If you’re looking to turn your home into an income-producing property, you’re in luck. Over the last few years, Nashville’s tourism industry has bloomed beyond anyone’s expectations. Visitors spend more than $6.5 billion in Music City each year, and this should be music to your ears. But it takes more than posting an ad online. If you want to make your rental stand out, you’ll have to do some work.

Why Nashville?

The real question is why not Nashville? Tennessee’s capital boasts temperate weather year-round, some of the best food in the country, and an eclectic art scene. Plus, the Athens of the South is also home to the Parthenon, a full-scale replica of the original. Nashville has become a mecca for bachelorettes, graduates, and business travelers. We also have the Country Music Hall of Fame, the new Madame Tussauds in Opry Mills, and a farmers market worth the hassle of finding a parking spot. If your rental is situated near any of these popular Nashville attractions, it’s bound to be a perfect choice for guests keen on proximity.

Your Tennessee Rental

People come to Nashville for a variety of reasons. But they often look for the same thing where lodging is concerned. Getting a hotel is a hassle, and many visitors now choose a private rental where they can enjoy an authentic experience. And it’s your job to give them just that.

The most popular Nashville vacation rentals have a few things in common. They are clean, well cared for, and feel like home. Your rental should prioritize these three aspects.

Clean: By far the biggest return on your investment will be in the time and money you spend making sure your rental is spotless for every guest. When it comes to cleaning a rental, there is no one room that deserves priority. The dining room, bathroom, and porch are all of equal importance. Make sure there is no lingering evidence of the former occupants by changing the linens on each bed, thoroughly sanitizing the kitchen and bath, sweeping, vacuuming, cleaning the dishes, and clearing out the refrigerator. Merry Maids recommends that vacationers tidy up their own rental as soon as they arrive, but if your home, condo, cabin, or apartment is cleaned correctly, they won’t have to.

Cared for: In addition to being clean, your vacation property should also be in overall good shape. Regular maintenance is the key here. MySmartMove.vom notes that your property maintenance checklist should include replacing air filters, flushing the hot water heater, and eliminating mold from the showers and baths. Plan to set aside at least 1 percent of your property’s value for maintenance.

Like home: You don’t have to take inspiration from classic country music to decorate your Music City rental. (But you absolutely can!) What you should do, however, is to make an effort to ensure your rental feels homey. You want your guests to relax from the moment they walk through the door. Make sure it is stocked well, with paper towels, staple condiments, dishes, and cookware in the kitchen. The bathroom should have at least a starter set of toiletries, clean towels, and a hairdryer. A few extra blankets, comfortable mattresses, and ample places to sit, both indoors and out, will go a long way toward making your property a go-to in a city with thousands of rentals and more appearing every day.

While the real estate market in Nashville continues to rise, owning a vacation home is almost always a great investment. And with Nashville on an upward trajectory, the seat of the Volunteer State is a smart choice. You already have a prime location, and it’s up to you to make sure the small touches are there since these are what will have the biggest impact on your bottom line.

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