STR strategies in ski resort areas of Colorado

[Matthew Meunier]

Hello BP Community! A group of investors and myself are looking to diversify into the short term rental market. Our focus is an STR out in the ski resort areas of Colorado. In particular, we'd like to focus our attention near Aspen Snowmass or the Breckenridge areas. This is new territory for us all, and are looking to network with others who are already doing this type of investing. We anticipate restrictions for AirBnB use in some of these condo communities, which is why we need your help to learn more and how best to set this up! I look forward to connecting!

[Jake Cohen]

@Matthew Meunier welcome to the world of Colorado investing.

I own 5 units in Steamboat Springs, a gorgeous ski town in Colorado. I did a lot of research before purchasing my properties there instead of other ski town. The bang for your buck was much higher in Steamboat than other areas.

At this moment all mountain communities are extremely competitive. I am actually thinking of listing one of my properties because it is so hot right now.

As far as occupancy, we average about 65-70% for the year. Our busiest time is from Christmas until end of March. Slower in April and May. Busy with slightly lower rates in June- Mid Oct. Then slower again in Oct to mid dec. Our gross revenue on our 1 bedroom units is around $35k. 2 bedroom around 50k, 3 bedroom around 70k. All our units are about 1 mile from the base area of the ski resort.

If you have additional questions, happy to help.