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8 October 2024 | 10 replies
They did not want to go to trial based on recent jury awards in my state.
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7 October 2024 | 20 replies
I also did a trial of buildium and liked it, but I felt rentvine was a little more user friendly.
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8 October 2024 | 23 replies
They get free rent/all utilities paid and I pay mine a $500 month stipend after an initial 6 month trial period.
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3 October 2024 | 3 replies
Option A, we list at this price, Option B, if you want to sell at a discount today I have a list of cash buyers that will pay 60% of that price, Option C, if you will leave the existing financing in place and sell it Sub2, then some of those cash buyers will pay 70% of Option A, or some variation of that.I guess it depends on what city your are 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.
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2 October 2024 | 6 replies
You'll likely see variation (even within a zip code) based on condition even though all might be 3 bedroom 1 bath homes (as an example).
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1 October 2024 | 6 replies
Creative financing can be quite powerful but it needs to be learned either from someone experienced or will be learned by trial and error.
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2 October 2024 | 13 replies
It’s important to focus on annual cash flow rather than stressing over monthly variations.
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1 October 2024 | 21 replies
I just had a demo of SyndicationPro & InvestNext - the immediate limit with Syndication Pro was my location outside of the USA.Going to trial (paid trial) InvestNext for a few months and will report back.
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30 September 2024 | 1 reply
I was using Brightinvestor's free trial and found it very useful.