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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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4 October 2024 | 14 replies
@Clare Yuritch / @Byron Valles are you using it for personal use or with clients as advisors@Jake DeBoer I'm testing it out for personal use but we have been looking to switch our planning software.
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3 October 2024 | 0 replies
I was wondering if anyone has best practices for using the software and creating follow up campaigns as well as how to appropriately tag conversations when people either are pissed off or say they are not interest.
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8 October 2024 | 36 replies
If you let it go to voice mail, they will keep calling (they use software, like a mojo dialer).About having an LLC.
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30 September 2024 | 5 replies
I've been in software development for over 15 years and leaving the 9-5 to stay home with our son.
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3 October 2024 | 11 replies
Many of the software just flat won't work otherwise!
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3 October 2024 | 22 replies
I am looking for recommendations for a software to help me with wholesaling and flipping.
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3 October 2024 | 6 replies
I use QuickBooks for our accounting software, and it has a built-in millage track that I use.
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4 October 2024 | 12 replies
There's other expenses like taxes, prop mgmt software etc.Total operating expenses for the year come to $32k.
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2 October 2024 | 13 replies
There is not a software I am aware of that breaks down the annual to monthly.