David N.
Southern Vermont Questions
6 October 2024 | 26 replies
It seems like there is a bit more going on there in the summer with whitewater outfitters, art festivals and more of a mountain biking community.
Sara Kumar
Landlord rights: Tenant's rights to self repair door jambs from wheel chair damage
4 October 2024 | 13 replies
Personally I think you're making a mountain out of a mole hill here.
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.
Yosef Lee
My First Multifamily Full Cycle Success Story: From Novice to Real Estate Investor
4 October 2024 | 33 replies
I would love to get on a zoom.I'm most open in the a.m. before 9:00 or after 4:00 pm Mountain standard.Feel free to direct message me or call and I'd be happy to help coordinate a call for us.
Ruth Reyes
Condos that allow short term rentals?
2 October 2024 | 6 replies
Hey @Ruth Reyes, I agree with both @John Underwood AND @James Carlson.I never really look hard at condo's due to the HOA fees and the fact that a controlling member can rule the roost.For example we almost bought a ski condo at the Inn of the 7th Mountain in Bend Oregon.
Emily Poerio
Short term rental's cash flow is not great, should I walk from the purchase agreement
11 October 2024 | 30 replies
The mountains aren't going anywhere and this is still the busiest National Park in the Country (busier than Grand Canyon, Yellowstone, and Yosemite all 3 combined).
Ricardo Carrasco
How to help tenants pay rent in Asheville LTRs after hurricane Helene
2 October 2024 | 10 replies
We were looking forward to taking our 10 month old son into the mountains.
Tanya Maslach
Newbie looking to take action
1 October 2024 | 13 replies
I am also a local investor in Denver and I would highly suggest attending some in-person networking events my favorite in the metro area is Rocky Mountain Women Invest, it's once a month, free to attend and the next meeting is this week on 10/1!
Nicole Heasley Beitenman
How do I analyze an STR deal with fluctuating seasonal rents?
2 October 2024 | 13 replies
I am buying an A-Frame in Black Mountain, NC for the same reason.