Looking for best CO towns for STR investments

[Heather Hall]

Hello- I am new to CO and looking to buy a property for STRs (vacation rentals and furnished corporate housing for 30-90 days). I will initially occupy the residence for at least one year as my primary residence.

I was initially thinking CO Springs but I would like to find a town/ city with milder summers and:

1- will appeal to vacationers or renters/ relocating families during all seasons

2- TH or SFH is ideal so I can avoid condo fees (but I'm open to suggestions)

3- A town that does not completely turn into a ghost town after ski season

4- Affordable/ good ROI (anyone have advice for determining ROI using mashvisor vs AirDNA vs other methods ?)

* I have read Winter Park might be a good option? Any thoughts? Frisco? Dillon?

In the Colorado Springs area, Woodland Park is my favorite due to cooler weather and Pike’s Forest. Would this be a good spot for a vacation rental?

Any other thoughts? Thanks!

[Robin Searle]

@Heather Hall I have a triplex in Old Colorado City in the Springs with one of the units being used as an STR. It is EXTREMELY successful and booked solid right now. Even over the winter when we were just starting, I was very happy with the amount of bookings. I'm finishing up a partially finished studio on the property and will do STR from there and also plan to convert the long term rental to STR once my tenant finds another place. I am finding that LTR and STR on the same property doesn't really work. If you want more info on my personal experience, please feel free to PM me! You should be aware of the current city regulations as well as upcoming possible changes and have a back up plan (which can be said for any investment!)