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.

Given the current rental market in Houston, you shouldn't expect much monthly income.

It almost falls apart when they make the mistake of having this “guru” actor give a talk at the Realty Investment Club of Houston and during the question and answer period he is stumped by questions he obviously does not understand and is heard cursing into the microphone before stating that he’s late for his flight out, but would be happy to answer any questions by mail. 1996 - 2023 - The formula is refined; a seminar company operating out of Salt Lake City,Utah, or Las Vegas,Nevada develops a complete marketing and sales program for real estate gurus.  

I'm a big fan of Dallas/Houston -- the strategy you pursue should be dependent on the property management resources you have in that market & your appetite for property maintenance (higher for STR's).

Big fan of Dallas & Houston -- what's your target annual returns on an investment property?

Was looking into Dallas, Houston and Austin. 

Texas cities like Austin, Dallas, and Houston are experiencing rapid growth.

Those portable AC units have been a savior during our Houston storms.

So, Houston is tough. 

My name is Tremaine Kwasikpui, and I am excited to join this vibrant community of real estate enthusiasts and professionals. As a local real estate investor and agent, I have dedicated my career to understanding the i...