Buying a short term rental in the Savannah area is complicated. But, buyers who have a full understanding of the licensure requirements. They know how to plan their strategy (short-term, medium-term, long-term) will be successful. as this little known market appreciates on the back of the fast growing Port of Savannah.

1. There's licensing requirement for Savannah’s Historic District and also Tybee Island. 

You have to buy a property with a certificate in place (STVR) to be able to legally run a short term rental here.

2. The MLS doesn’t have a way to select STVR Certificate (Short Term Vacation Rental).

Buyers have to read every listing description when searching in Savannah’s . This is also applicable on Tybee Island

3. Buyers can get a new STVR Certificate in the Savannah and Tybee

 if the property is zoned Commercial. 

4. Buyers who plan to live in the Historic District of Savannah.

Those will be making the home their primary residence on their tax returns. They can also get a new STVR Certificate IF the home is multifamily and IF the owner occupies the main unit. 

5. Areas of Chatham County that are NOT in the city limits CAN get a Chatham County STVR certificate.

It’s fairly easily by applying with the county.

6. Some web sites say that some areas of the Historic District haven’t met their STVR quota yet.

This is categorically untrue. There is a 3 year waiting list for a new STVR certificate.

7. For investors who are patient and really want a short term rental in Savannah.

They can buy a property in the 31401 zip code and rent it long term. Once the property has been acquired, they can put the property on the waiting list for a STVR certificate. If the investor is lucky enough to make it to the top of the list, the property will become 20-30% more valuable. And with the STVR certificate in place.

8. Both Savannah and Tybee Island take these certificates as sources of tax revenue.

Be aware that if you purchase a property with the certificate in place and you do not rent the property enough. The city with the expected tax revenue, the property will be on probation for a year. The STVR certificate will be removed and handed to someone on the waiting list if the tax revenue isn’t levied.

9. Savannah has an 11 month market for short term and medium term rentals.

The slowest time of year is typically between Thanksgiving and Christmas.

10. Tybee has an 8-9 month market for short term rentals.

When the temperatures drop below 70 degrees, the beaches tend to sit fairly empty

Are you interested to learn more about short and medium-term rentals in Savannah, GA?

Reach out anytime for more info on the great investment strategies in Savannah and the surrounding areas.

For a quick way to see if a property is outside city limits, please watch this video:

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