Airbnb - Anyone with multiple listings

[Seth Kristian]

Hi everyone, I wanted to see if theres anyone in the Denver area with multiple Airbnb listings and if you might have any tips. Ive had one single family listed for 4 years with great success, esp for the area. I have an opportunity to add 3-6 more single family properties within Denver, and a few more outside of Denver County. Ive tried a few different avenues with no luck and hoping someone might have found a loophole around the primary residency regulation. Much appreciated!! 

[James Carlson]

@Seth Kristian

I've had clients who bought a house in Denver with a basement apartment. They put a long-term renter in the basement and then had that tenant get the Airbnb license. It's worked for them, but damn, the city of Denver is really cracking down on short-term rentals. They're sending out investigators to knock on doors and check the "primary residence" status. I wouldn't try to find a loophole if I were. I'd plan to invest where you know you can do it.

To that point, we've had clients buying and running STRs in Wheat Ridge and Arvada. (We talked to one of our Arvada STR clients on our podcast recently. And you can see a Wheat Ridge Airbnb deal diary here.) If you're looking to buy multiple, you might spread them around the Denver area. Wheat Ridge only allows each owner to have one. Arvada allows owners to have 3. Adams County, which is about to allow them, has told me they are not going to have any limits.