
8 October 2024 | 14 replies
There are some pay sites like thumbtack too.

30 September 2024 | 1 reply
Before I purchase an annual package, I was wondering if you all knew of any other sites that do the same as Brighinvestor, but cheaper.

7 October 2024 | 35 replies
Does the PM personally visit every property or is it someone else (for example a maintenance worker?)

2 October 2024 | 9 replies
I rent by the semester to visiting scholars during the academic terms and by the night to vacationers between academic terms.

4 October 2024 | 17 replies
I visited my first hoarder house today that reeked of rodents, mold, and fumigation residue.

4 October 2024 | 5 replies
My sister in law lives out that way so I visit often.

4 October 2024 | 4 replies
I was just in Philly two weeks ago visiting relatives.

3 October 2024 | 6 replies
Actually it not so difficult if you visit the place often and its a beloved place:)

3 October 2024 | 4 replies
Many of the deals I've seen with problems are when the GP group was not local or wasn't really familiar with the local market.Ask about capital calls and distributions on their current deals.I have not always practiced this, but I think I will on future deals....no excuse you can't go visit the property before you buy in.

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.