
7 October 2024 | 3 replies
Would you average the credit scores, or take the highest as long as the low one does not have anything alarming in the details?

8 October 2024 | 14 replies
In fact, most of our cleaning headaches in the early days came from hiring b2b cleaning businesses who paid their subs really low wages to make their own margins.

7 October 2024 | 4 replies
This approach helps you build equity while keeping living costs low.

7 October 2024 | 0 replies
Enjoy low tax cashflow year over year5.

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.

3 October 2024 | 6 replies
How do you stay profitable during off-peak times? Do you lower prices, offer promotions, or focus on longer-term bookings?

7 October 2024 | 5 replies
However, the ROI on the cheaper house seems kinda low if I rent out the property as a whole.

7 October 2024 | 3 replies
The rent:sqft is generally 1.0-1.3.List price seems on the low end of what I comp the property at.

7 October 2024 | 2 replies
The low entry costs allow investors to maximize their budget, while the expanding job market boosts demand for housing, creating opportunities for quick sales or rentals.
11 October 2024 | 27 replies
I would say that the UW fee seems low, but processing fee seems high, but they seem to balance each other out and the admin fee is kind of a junk fee.