I have 2 rentals in Richland county.  

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.

I own a duplex in Englewood, FL, just a 10-minute drive from the beach. Currently, one half is rented to long-term tenants, and I'm considering converting the other half into a short-term rental. However, I'm unsure i...

I'm Craig Rosenfeld, a 21+ year Realtor based in Montgomery County, MD, just outside of Washington, DC and licensed in all three jurisdictions.

Hey, I recently bought my first rental property in Polk County it doesn’t cash flow enough for me to have a property manager so I would have to manage this myself for the time being, however in about 6 months I would want to get a HELOC on the property and use that as a down payment on maybe a multi family and then rinse and repeat, I was wondering if this sounds reasonable or would I have to do something else thank you so much 

(but varies slightly by county) on the sales price of investment property. 

I was looking at pipe farms  IE completed subdivisions in Henry county for 1k per lot.. thats 1k per lot  100 lot project for 100k heck it cost 30k a lot just to do the improvements..

-The property does have back property taxes, so I will need to contact the county assessor to find out information on paying those at/after closing, but I want to use that in negotiations for price/terms, as the taxes are now almost 3 years delinquent and tax foreclosure is coming this November if not paid (in full or in payments, tax assessor will know for sure).For context, its a 2 bed 2 full bath (1/1 each side) just under 1,800 sq ft. total, thinking rent for the larger side would be $1250ish and the smaller side $950ish, purchase price I'm unsure of but I would start at $120k due to burn damage and back taxes.

The support system I have set up is Connecticut based in the Hartford County area.

There is a lot of moving parts to this story, so hang in there....I bought a house from auction to flip in Colusa County, California April of 2023.