Colorado Short-Term Rental

[Brian Fiorillo]

Good morning BP!

This question is targeted towards investors that have short-term rentals in the Crested Butte and Gunnison Colorado market.

I’m working on an off-market property that’s just off highway 135, midway between Crested Butte and Gunnison. I would be purchasing through a 1031 exchange from a property I’m selling in Denver, with the intent to hold as a short-term rental and post on AirBnb / VRBO. I’ve run my preliminary numbers on occupancy and nightly rates, but I’m curious what success others are having in the area. My du diligence shows it’s in an area that does not have any restrictions on nightly rentals.

Any insight would be greatly appreciated!