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Updated over 5 years ago on . Most recent reply

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John Akolt
  • Investor
  • Chicago, IL
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Looking for Tenant in Denver Airbnb

John Akolt
  • Investor
  • Chicago, IL
Posted

Looking for advice to locate tenants in Denver to file for an Airbnb license and potentially manage the bookings as well.  

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James Carlson
#5 Classifieds Contributor
  • Real Estate Agent
  • Denver | Colorado Springs | Mountains
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James Carlson
#5 Classifieds Contributor
  • Real Estate Agent
  • Denver | Colorado Springs | Mountains
Replied

@John Akolt @Parker F.

You're both talking about creative ways to address Denver's primary residence rule. In general, you should know that everything I hear at the city's Short-Term Rental Advisory Committee is a move toward stricter enforcement. That's just a general statement to start off.

You both seem to be talking about the provision of the current Denver Airbnb law that allows tenants to rent out their unit. I have a client who I helped find a place with a basement unit, they rented the basement to someone for below-market rent and then that person got the license and added the owner as a co-host. It works great for them. (But again, I point to my initial comment to say, who knows how the city will react if enough people start to do operate in this grey area of the primary residence provision.)

And Parker, to your specific business model, Denver only allows one short-term rental in a property. You can rent out more than one room, but they both have to be rented to the same party. (By the way, I'm doing a presentation about the Airbnb laws in Denver and Colorado Springs next week if you're interested.) Also, any downtown condo is likely going to have an HOA prohibition against Airbnb.

I don't mean to discourage either of you. Just be sure you know the laws and the possible consequences before diving in. Cheers. 

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James Carlson Real Estate

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