10 October 2024 | 0 replies
Swamp coolers, window AC units, central HVAC systems, and fans all cool down a home’s interior temperature.
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13 October 2024 | 54 replies
A temperature sensor is placed on the incoming and outgoing hot/cold water lines to determine the BTUs consumed.
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7 October 2024 | 4 replies
Example with zipcode 11203: https://www.zillow.com/rental-manager/market-trends/11203/Then if the market temperature on this page says warm or hot, I'll look up a house I might want to buy in that zipcode.
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8 October 2024 | 8 replies
If you don't have a lot of outdoor possible trouble spots like decks, pools, hot tubs etc.
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14 October 2024 | 8 replies
How BiggerPockets, @Alexandra Hughes Pailet, and @Katie Miller went with the flow as the weather threatened (and did) to disrupt all of our outdoor events, travel, and transportation.
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9 October 2024 | 9 replies
Ensure that all electrical fittings are up to code and replace any outdated wiring as necessary.Outdoor Space:Patio/Deck: The small deck area provides a nice outdoor space.
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6 October 2024 | 15 replies
Ended up flying on Saturday night and the weather is not very conducive to outdoor sports, lol.
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5 October 2024 | 9 replies
Here's a quick summary:Manchester: STR demand could come from business travelers, especially near Hartford.Canton: Lower demand unless near outdoor recreation areas.Southington: Strong option with year-round tourists (skiing, Lake Compounce).Bristol: Good potential with ESPN and tourist attractions.Berlin: May have less demand unless near major highways.Focus on properties near attractions or business centers to keep occupancy high.
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4 October 2024 | 3 replies
I've also known a few people who add simple yard decorations or outdoor chairs to give the appearance of it being lived in.
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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.