All Forum Posts by: Monica Mejia

Hi Matthew! Speaking from my personal experience, yes. Of course this depends on a multiple factors but if you are in the right market you can totally be profitable. I worked with a DFY arbitrage program that found me an arbitrage property in Arvada CO which made me about 50k net. They negotiated the lease on my behalf and I'm not paying more than market value. I agree with most people that regulations are hard to navigate but I felt comfortable doing this in CO as I am a broker and know the regulations here like the back of my hand lol

Hi Yiwei! I'm in the Colorado market and we're seeing that the median cash flow annually is about 20k - 30k. This profit ranges for price points around 650k +. 

Feel free to send me a DM if you want more info on the CO market(: 

Hello Susanne! I live in Denver and have 2 STR's + 1 MTR in the metro Denver area. Because you are looking to operate a mid term rental, you actually have a bigger net to cast as most restrictions are specifically for STR's. For example, Denver county strictly prohibits non owner occupied str's but have no restrictions when it comes to MTR's in the area. I personally find that the metro areas such as, Arvada, Westminster, Wheat Ridge, are all great options depending on your criteria. My short term rentals are in Arvada and my MTR is in Thornton.. they all make a combined total of about $250k in revenue annually... I'm curious to learn a bit more about what you're looking for!

Hi Kanika! I'm from California but now live and invest in the Denver metro, Colorado area! I think that what you're looking for is extremely achievable here, at a minimum. For example my fiancee and I have invested into 2 $500k - $550k short term rentals here, one of which is now a MTR, and they make a combined total of about $180k annually. 

STR's make up less than 5% of residential homes in Colorado so you will not find that it is as saturated as other ares like Tennessee or Florida for example.

 @Karina Beloblotski Hi! I went through a program called BNB Leverage! Feel free to send me a message if you have any questions!

Gotcha. I'm invested now lol! Feel free to message me the address privately if you still haven't found more info on it!

Hi there Andre! This is a great question and the answer really differs depending on which specific unincorporated municipality you're looking in. I know a handful of str owners in the jeffco + unincorporated jeffco areas that have gone through the tedious process of obtaining a license. I have a spreadsheet for regulations in most municipalities within CO let me know which one you're looking in and I'll see what info i've gathered about it lol

Hi Erica! This is probably the exact same scenario I found myself in when wanting to get into the STR business! Speaking from my personal experience, I started with an arbitrage about 3 years ago and that has led me to purchasing two str investments since then. I think it's a great way to learn the intricacies of Airbnb and being a landlord, without taking on the financial risk / challenges of homeownership. I did go through a DFY program that sourced a cash flowing property for me and negotiated a 3 year lease with the landlord on my behalf. I definitely needed the mentorship when first getting started so looking back, I feel confident that I made the right choice in starting with arbitrage... All of my STR's are in Colorado by the way(:

I'm happy to share more about my experience so feel free to send me a message if you think it would be beneficial to your journey!

Hi Richard! The Rentalizer projections are based of off similar properties in the 50th percentile so that's why those numbers seem really low. If you look at the top performing properties in that zip code, you'll get a better idea of what you can actually generate. There's also another tool that allows you to see the 75th & 90th percentile numbers. I find that it's pretty impossible to be under the 50th percentile unless you are just neglecting your listing.

Because these numbers can be off, I also use the Airbnb platform to look at live listings in the area i'm considering. Peak at their calendars and reviews to get a better idea of what guests are loving about that location. Mashvisor is another tool I look through for STR & MTR data.