The game of short term rental permitting goes into overtime

Nashville’s mixture of culture, sports, music festivals, live music and industry conventions yields top dollar for lodging and hotels are booked solid. Travelers, looking for more than a room with a bed and a sofa often look for alternative lodging in Nashville’s over 3,000 legally permitted privately owned short-term rentals properties. The numbers tell a lot about the impact these STR’s have had on the Nashville economy. Matt Curtis, senior director of government relations for HomeAway highlighted a recent economic impact study commissioned by the company that says short-term rentals in Nashville provide an annual economic impact of $477 million — a figure that critics of the industry dispute.

There is great debate on who can get in the short term game. Both sides of the debate have concerns. Allow people to do whatever they want with their properties vs. many complaints by neighbors over loud noise, over crowded street parking, and overcrowded homes.. Whatever the debate is, free enterprise continues and investors have scooped up properties and had them permitted as “non-owner occupant permits” This “Type II” permit is up for an end game on May 16th. The evening of May 2nd city councilmen from all over the Nashville put bill BL2017-608 up for debate. {update on the bill as of 01/2018 can be found here 

Councilman listened closely to the not so sweet great debate of short term rental permitting. The evening lasted until 12:30 a.m. and ended up being deferred until May 16th. Jeff Syracuse, Councilman for Donelson (https://www.jeffsyracuse.com/donelson-news/council-news ) said, “We deferred the bill to wait for possible State action that could limit what we can and can’t do and based on that, there may be potential subsequent amendments to 608.”

Whatever happens in the future the ordinance as it stands would not take away already issued permits or owner-occupied permits, the moratorium is just being considered for non-owner occupied permits.

As of mid 2018 the bill passed to not allow any NEW non-owner occupied permits in Davidson County in residential zones- here is a great “at a glance” to help you make sense of it!

(image courtesy of NASTRA.org)

Check out the State of Tennessee bill here at http://www.capitol.tn.gov/Bills/110/Bill/SB1086.pdf