Meghan Begue
Is Colorado's Multifamily Market Still a Good Bet for New Investors?
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.
Haley Fairbanks
Oxford Housing
1 October 2024 | 18 replies
No local oxford reps that manage the individuals in the home, but just home owners who run the homes alone, abiding by the rules of the oxford home.
Nicole S.
Avoid Northpoint Property management in Ohio!
6 October 2024 | 15 replies
We appreciate it, even if we’re not hiring you.
Tyran Melong
Open Permit for Oil tank
2 October 2024 | 5 replies
It's likely that the contractor they used to hire to remove the tank didn't close the permit with the township.
Danielle DeCormis
Renting property to LLC in lieu of Quitclaim Deed
1 October 2024 | 4 replies
Either be active in management or hire a reputable PM who can satisfy this role.
Lee L.
Stessa vs. Landlord Studio, vs Quickbooks.
7 October 2024 | 24 replies
If you find yourself too bogged down from too many rentals, you can hire a bookkeeper for a couple hundred dollars per month to manage all of this for you.
Sherry McQuage
Future Beach House for family use and STR investment
2 October 2024 | 0 replies
Working/hiring workers from 3+ hours away can be challenging.
Sherry McQuage
Future Beach House for family use and STR investment
2 October 2024 | 0 replies
Working/hiring workers from 3+ hours away can be challenging.
Michael Belz
Airbnb Management & Staging Fees - Is This Standard?
2 October 2024 | 16 replies
As for the 10% fee for overseeing setup, I understand this is in addition to the cost of hiring someone to physically set everything up.
Suzanne Player
Any experience with a public adjuster in an insurance claim?
1 October 2024 | 7 replies
Definitely hire one for a property damage claim, auto claims its not necessary.