My first STR in Aspen, CO

[Ryan S.]

I'm in the process of purchasing a second home in Aspen, CO, which will also serve as my first STR property. The townhouse is located in Aspen's sought-after lodging district, where STRs are fully permitted. It's a newly renovated 3-bedroom, 2-bathroom home, just one block from the ski slopes and four blocks from downtown.

The current owner has been renting it out for $30,000 per month during the peak winter and summer seasons. Over the next couple of years, I don’t plan to use the property often, but I may stay there occasionally when it’s not occupied. My primary focus is on maximizing cash flow.

Does anyone has experience with STRs in Aspen, I’d love to hear your advice or insights!