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9 October 2024 | 8 replies
All of my properties are A/B locations with responsible tenants who make their payments through an online payment system.
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2 October 2024 | 11 replies
We want to start an LLC, the fee with our attorney is over $1000, i did come across legalzoom and other online LLC services which costs a few hundred.
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8 October 2024 | 0 replies
Tech and AutomationProptech Trends: Automation tools, including property management software, dynamic pricing algorithms, and remote monitoring, can help streamline operations, especially for mid-term rental properties with frequent tenant turnover.Digital Marketing: A strong online presence and effective digital marketing strategies can boost visibility and help you attract mid-term renters.
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9 October 2024 | 11 replies
- check their online reviews if any 12.
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6 October 2024 | 12 replies
However, there are some challenges to keep in mind:Regulatory Variations: Regulations can vary widely between locations and are constantly evolving.Active Management: STRs require more hands-on management for guest turnover and communication.Additional Costs: Don’t forget about expenses for furnishings, cleaning, and possibly hiring a property manager.If you’re looking for STR-friendly areas, consider these locations, as others can be too expensive to consider, such as Snowmass Village or Aspen:Breckenridge: The most visited ski resort in North America, attracting around 3 million tourists each year.Steamboat Springs: A popular year-round destination for winter sports and summer activities.Keystone: Great for those wanting a less crowded resort experience.Divide & Florissant: Charming mountain towns close to Colorado Springs.Fairplay: Just 30 minutes south of Breckenridge, with an impressive 82% Airbnb occupancy rate.Cripple Creek: A former mining town now known for casinos and outdoor activities.Park County: Very Airbnb-friendly, though regulations may change.Here are some strategies to help you succeed in the STR market:Hybrid Model: Consider using some units for STRs and others for long-term rentals to balance income.Research Local Regulations: Always check the current rules in your target areas before investing.Year-Round Appeal: Focus on locations that attract visitors in all seasons.Quality Furnishings: Invest in quality to justify higher nightly rates and attract better guests.Dynamic Pricing: Use pricing strategies to maximize revenue during peak seasons while maintaining occupancy in the off-season.Stay Flexible: Be ready to adapt your strategy as the market and regulations change.While Colorado’s STR market offers exciting opportunities, it’s essential to approach it strategically.
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9 October 2024 | 13 replies
Check out other online guides available here: https://www.biggerpockets.com/guides3.
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8 October 2024 | 6 replies
They can't control the utility company repairs, so this makes since.Hopefully they will get all these online quickly too.
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8 October 2024 | 36 replies
@Daisy HawkinsA good read to become a ghost and vanish just don't buy it online ha
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7 October 2024 | 3 replies
Use online platforms like PayYourRent or Cozy to streamline payments.
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6 October 2024 | 1 reply
Focus on Brand Building and MarketingA strong brand and online presence can significantly enhance deal flow, tenant acquisition, and investor confidence.