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. :)
Samantha Coppinger
How to turn down a tenant I already accepted a holding deposit for
8 October 2024 | 22 replies
I wish you the best in finding a suitable home.Best regards,[Name of your Company]
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.
Jill Hutson
How do you handle a long vacancy (2+ months)?
4 October 2024 | 26 replies
Another house might be a single family home with a fenced yard and LVP flooring and be more suitable for allowing pets. 3.
Emily Poerio
Short term rental's cash flow is not great, should I walk from the purchase agreement
11 October 2024 | 30 replies
This is very much a driving destination and we get visitors from several different states because it is centrally located and most of them can be here in a half day drive.
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.
Sathya Priya Sampathkumar
Where to Invest ?
3 October 2024 | 12 replies
@Sathya Priya SampathkumarMassachusetts offers various neighborhoods and states suitable for budget and cash flow goals.
Kyle Fitch
Ready to Start My Real Estate Journey
1 October 2024 | 4 replies
Suitable investments don't last long, whether in the wholesale or retail market.
Ricardo Carrasco
How to help tenants pay rent in Asheville LTRs after hurricane Helene
2 October 2024 | 10 replies
If aren’t by able to find a suitable means before month 1 ends and your booking cancelation timeline then maybe you let them stay, but seeking someone who understands that offer or it perfectly fits could be a win win for you and them.