Mountain town rentals for ski bums

[Carl Miller]

Hi all,

I live in Denver and my wife and I have found that there is a shortage of affordable rentals for permanent residents in ski towns.  We are considering whether to find some cheaper housing to rehab with dorm room quality construction (i.e. highly durable with no frills) and cater to the people who are focused on smoking pot and skiing.

I'm not concerned about finding renters but I am concerned about whether the renters are going to remember to pay.  Is this a genuinely underserved market or are people staying away for good reason?

[Bill S.]

@Carl Miller It is really tough to make money renting to people that don't care about your property. Until you have done it, you can't imagine the things that can be broke by someone who doesn't care. They are under served for a reason. You can't make money from them. The other cost is turnover and then vacancies during the mud season when there is no skiing or hiking. You might be able to do it as boarding house if you had great onsite management and were very selective about who you allowed in.