All Forum Posts by: Jason Kleve

A big thank you to everyone that posted rational responses to my query.  They were all very helpful and helped steer my follow-up conversation with my CPA.  I won't concern myself with the other responses.

We bought a house for our daughter to live in while at college.  She will have three roommates that will be paying rent.  Would it be at all beneficial to list her on the lease?  Or just stick to the tenants that are actually paying rent?

@James Hamling My daughter will be attending UM Twin Cities.

My daughter is headed to the Twin Cities for college this fall and we are interested in finding a property she can use after freshman year.  My thought is to have her on it as an owner to kick-start her investing future.  Any help with connections in the area - lenders, realtors, investors with similar thoughts - would be greatly appreciated.  We currently have four STRs so dipping into long-term will be a new experience, but not entirely foreign for us.  Thanks!

We own four vacation rentals and a primary residence. We currently have a Heloc on one property. We have a good chunk of equity still after our current mortgages. What can we do to access the equity we have to find funds for our next down payments? We live in Colorado with properties in Winter Park, Estes Park, and Steamboat Springs, with our primary in Denver metro, and one other property in Kissimmee FL. Thanks for any input!

We have properties in Estes Park and Steamboat.  We started in Estes and summers are almost 100% occupied.  Slow season is from mid-October to May but there is enough there with RMNP to get enough days rented to get around 50% occupancy.  We bought in Steamboat to balance out that seasonality, so in ski season it's almost 100% occupied, but in the summer we have been able to get "long-term" renters to stay for months at a time to fill it.

We have looked extensively at Winter Park/Granby so that is probably where we will head to next.  Enjoy your search and good luck!

We have a condo in Estes Park CO near RMNP.  We started with Flipkey/Trip Advisor but we also have our own site and my wife posts on FB as well.  Now 3 years in, we have started to get more and more direct contacts instead of thru the service.  You can DM and I can send you our links.

@Matt Kurkowski Welcome to BP, neighbor!  My wife and I have 3 vacation rentals, and BP has been a terrific resource.  Best of luck to you, and feel free to reach out to connect.

@Mindy Jensen my wife and I bought a 2 bed/2 bath condo at the end of 2014 to dip our toes into real estate in Estes Park, a location we love to visit.  My wife does all of the management, so we avoid that direct cost (some managers charge 40% or more!) and we have a cleaner locally that also acts as our local presence (as now required by statute).  The winters are definitely less active, but there is enough of a draw that we get enough activity to cover expenses until we can capitalize on summer demand.  In fact, this June is 100% booked!  Our hope was to get in at a low point in the market, after the big flood, and if our neighbor unit is successful in getting the price he is asking for currently, we will have seen 35% appreciation in 2.5 years.  Feel free to reach out if you would like any more info.

@Account Closed do you deal with any specific management companies or realtors?  The Sun City area was recommended to me by a friend and I'm working on gathering info on the area.  Thanks!