AirBnB Laws in Arvada?

[Brian Porter]

I'm new to real estate investing and am trying to find ways to get into this business despite not having much (or any) of my own money to invest. I recently discovered the concept of AirBnB, and think it may be a good way to earn some rental income with my primary residence. However, I live in Arvada, and it looks like Arvada restricts short-term rentals (less than 30 days I believe). Am I out of luck living in Arvada? Another related question: Where do owners go when guests arrive?  With the primary residence requirement, I guess I can't look for another place to live while I rent out my house?

[Ryan Riches]

@Brian Porter I Used AirBnb to rent out a spare bedroom last summer. I’m not sure what your living situation is, for me it was just my wife and I, so we put a lock on our bedroom and we were off to the races. We both worked full time and rented out the room about 19 nights a month in the summer. This nearly covered our mortgage!

Now we own 2 STR units here in Colorado Springs and have two others under management. AirBnb gets a bad rap among investors for the level of work it takes and the restrictions that cities are starting to enforce. In my opinion, if you can make it work it is one of the best ways to make some extra income and really get the ball rolling with REI.