All Forum Posts by: Jennifer Delmore

Hi.

Welcome to the area.  I'm just down the road in Littleton.  My husband and I are also newbies, but learning a bunch and getting ready to make our first deal.  

 We stayed in a place with little labels like that all over the house once too and I was not impressed :).  

And - to answer the original question - one of the reasons we stay at STR's instead of hotels is the ability to eat at least some meals "in". I'd put appropriate clean up expectations in place and let them enjoy their stay.

Hello and welcome!

Yes.  take all the free money you can get.  My husband and I both contribute to our 401K programs to get the maximum company match.

Thanks for the response. I'll keep an eye out for a STR meet up opportunity. :) I saw a meetup scheduled in Littleton on Tuesday that my husband and I are planning to attend and meet some people. And, I hadn't thought about it, but I have family up there that might be willing to oversee some of the turnover/make ready stuff for me for a smaller fee than a full rental realtor.

It's a house.  Those are good things to check on too.  Thanks for the feedback.

Thanks.  It's early stages yet and we're still exploring the options.  We are in Denver, so it's close enough we could try to do it ourselves, but were going to look into seeing if we can find a manager willing to handle overseeing the turnover(cleaning)/maintenance calls for a reduced fee if we handle the actual booking end of things so I don't have to drive up the mountain all the time to check on stuff and make sure it's being handled.  I agree with you about keeping it whole and rent at a higher rate vs. splitting it and risking only filling half the property on a regular basis which would make it difficult to cash flow.  

I tried to find listing in the area available as a LTR but everything was 2BR or less so I have no idea what the rent on a 4 BR 3.5 BA would run up there.

Thanks.  I'll make a call soon to check on those things. 

We have the opportunity to buy a 4 br, 3.5 bath home in Dillon. It wouldn't be a deal price-wise, but we'd save realtor fees as it'd be a private sale. I'm struggling with figuring out whether it would be viable as a STR (AirBnB or VRBO) due to variable rental rates and demand throughout the year. From my initial research I think I'd have to keep it rented about 70% of the time at an average nightly rental but that seems like a lot (without any data to back that feeling up). The location is prime and it's in good condition. And of course we'd like the option to use it ourselves from time to time which would be hard if we actually manage to keep it rented 70+% of the time.

The layout would also lend itself quite easily to splitting into two 2BR units with the option to rent one or the other or the whole house but that wouldn't be something we'd do up front.  

Thoughts?

Hi!

My family has lived in Denver for about 5 years now.  My husband works in oil and gas and I work for a medical device manufacturer. We are climbing out of the "two small kids" haze and starting to enjoy the camping and hiking options in our beautiful part of the country in our spare time.

We are accidental landlords with our old home in Cleveland as we bought before the bubble burst and needed to do something with it when the opportunity to relocate to our dream location presented itself and selling it was not an option we were/are willing to consider.  

We are wanting to get more intentional with some additional projects - and hopefully get some actual cash flow out of them.  Currently our heads are spinning with all the options and which investment styles will best fit our goals, skills and lifestyle needs.  We are excited to have found BP to help us sort through all the decisions.