
9 October 2024 | 14 replies
And many of the full real estate cycle sponsors market through 506B and are not allowed to market publicly (i.e. on the internet) and have to market through referrals.

7 October 2024 | 15 replies
You can find all of the info here on this site and the internet in general.

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.

8 October 2024 | 36 replies
It is everywhere: 262 671 6868I have owned rental properties in my personal name for about 15 years (on top of what we have in LLCs), my name and phone number are plastered all over the internet and I run a YouTube channel with all my personal information.

7 October 2024 | 20 replies
Then you have wiped the slate clean on the loss carryforwards, that $200k of released loss carryforwards offsets ordinary income first - so you will actually get a great result.Then, in 2025, when you have no more pass loss carryforwards, consider making that real estate professional status aggregation election, and utilizing cost segregation on properties you acquired in a prior year.Of course all of this - get some real tax help, I'm just another guy on the internet here, and there should be a deeper dive on the circumstances than what you can get through a forum posts to ensure this all actually works properly in your situation.

4 October 2024 | 8 replies
High-speed internet, a desk, good coffee etc will be different than a family staying for a vacation.
2 October 2024 | 10 replies
It does not cover phone, internet, or TV.I'd open up the STRs for locals in need.

3 October 2024 | 16 replies
I would strongly encourage getting one with good internet, as a bunch of the tech crowd from Atlanta will rent it out in order to work remote.

30 September 2024 | 15 replies
Also, what about internet, trash and security?

1 October 2024 | 12 replies
Not an attorney, nor a CPA, and I don't play one on the internet, BUT, things to consider if you would want to run revenue through your LLC...The LLC would need to be tied to the property in some way, either as the owner or manager.