Joe S.
Should investors use big words to sound smart?
17 October 2024 | 20 replies
@Joe S.This is a “know your audience” responseIf you are around a bunch of college professors and they are technical then yes you can pull out all the big words - but as you mention many will try and use these big words in a convo and they scream newbie because it’s apparent they lack some knowledge as they are creating word salad with what they say.I just tell people be yourself
Marc Shin
is now a good time to buy investment real estate?
16 October 2024 | 32 replies
If your brain isn't shooting sparks right now screaming "oooh OOoooh OOOHHH, where's the opportunity, oh i bet I could..." then this is NOT your thing.
Account Closed
Sell or Keep property-Inglewood
9 October 2024 | 4 replies
That's a good location for most visitors to the area.Good luck.
Alan Asriants
Is this an end to Wholesaling?
30 October 2024 | 236 replies
Even if an old, senile person screams off the top of his lungs that he wished to sell you his property, State or his relatives can come after you, void the contract he signed and take that property from you.
Jose Quinones
Long term visitors raise water bill
2 October 2024 | 8 replies
Bottom line up front: how much time is too much time for visitors?
Tristen Hannah
First Deal - Hidden Skeletons?
7 October 2024 | 3 replies
There doesn’t appear to be anything that screams at me to run away.
Madheshwaran R.
Seeking advice on New condo for STR
10 October 2024 | 28 replies
We are expecting even more visitors to our area due to the fully booked for the 2025 season of the new Thunderidge Amphitheater as well as more gold courses.
Billie Young
STR Blue Ridge GA Occupancy
9 October 2024 | 39 replies
And yeah, having 12 million annual visitors to that area helps also. :)
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.
Katie Casper
Short Term Rental Market in North Conway NH
2 October 2024 | 5 replies
It’s also been a lightning rod for the balance many regions and towns are still trying to reach between full time owners and short term visitors.