![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2773937/small_1694793334-avatar-tatek7.jpg?twic=v1/output=image&v=2)
3 October 2024 | 7 replies
Is it my responsibility to do a demolition/clean up then sell the land?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/863388/small_1621504625-avatar-keagans.jpg?twic=v1/output=image&v=2)
4 October 2024 | 12 replies
That's 73 turnovers and at $200 per cleaning, we're at $14,600 for the year. $400 a month for utilities, $500 for misc expenses like toiletries, maintenance/repairs, landscaping etc. $150 a month for insurance (this might be low?).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2910007/small_1704547965-avatar-troys203.jpg?twic=v1/output=image&v=2)
2 October 2024 | 1 reply
Some localities have gross rent floors that you have to hit before requiring an occupational license.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3103510/small_1725335673-avatar-meghanb45.jpg?twic=v1/output=image&v=2)
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.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/268455/small_1621437771-avatar-nirbhee.jpg?twic=v1/output=image&v=2)
29 September 2024 | 7 replies
Tell her to empty and clean it, and you'll let her out of the lease immediately.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2822752/small_1698416552-avatar-shaneq4.jpg?twic=v1/output=image&v=2)
2 October 2024 | 10 replies
See if they can run the cutter through there and clean it out.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3089604/small_1723153805-avatar-johna1172.jpg?twic=v1/output=image&v=2)
2 October 2024 | 4 replies
You might be better with an experienced co-host and Airbnb expert and a handyman with cleaning crew.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2357573/small_1685036768-avatar-janellee5.jpg?twic=v1/output=image&v=2)
2 October 2024 | 4 replies
It will take a huge amount of work to upgrade the property which has not been properly maintained, so we'll be doing a lot of infrastructure rehab including adding HVAC/AC, upgrading the wiring, and bringing the old floors back to life.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3039475/small_1717534503-avatar-spencerm176.jpg?twic=v1/output=image&v=2)
4 October 2024 | 9 replies
Could help you afford a larger/nicer property while still giving you a clean living/ownership structure.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2748993/small_1694725053-avatar-fahimah1.jpg?twic=v1/output=image&v=2)
1 October 2024 | 5 replies
A rental just needs to be clean and servicable.