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3 October 2024 | 5 replies
Families are who you should be targetting.
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3 October 2024 | 7 replies
For SA market, what method have y'all found most beneficial to advertise SFRs?
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3 October 2024 | 9 replies
Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)
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3 October 2024 | 12 replies
There are several listings of median house prices and you can go to those closet to your target price before you talk to people.
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4 October 2024 | 11 replies
Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)
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4 October 2024 | 8 replies
Will they allow you to advertise “standard cleaning included…” So you can still charge when there’s a need for “extra cleaning”?
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4 October 2024 | 4 replies
Big fan of Dallas & Houston -- what's your target annual returns on an investment property?
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3 October 2024 | 3 replies
How long will it take to advertise the deal to be occupied by tenants if you already analysed the deal?
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4 October 2024 | 13 replies
We have everything you need to manage ready in a can: photography, advertising, application, leases, rules and regulations, smoke detector notices and all other forms you need and background check (we do this a lot).
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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.