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8 October 2024 | 23 replies
Are there any tips on how to make my listing appealing to Oxford House or other recovery housing networks?
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4 October 2024 | 4 replies
I then delivered her the “Statement of Disposition” at end of April and the 60 day appeal window is up on June 24th.
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3 October 2024 | 8 replies
Ours went up an average of 67%, although we appealed everything and got it knocked down to an average increase of only 39%.
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3 October 2024 | 7 replies
BTR properties are great if you’re wanting to get into new construction with lower maintenance needs- plus, they could have potentially higher tenant appeal.
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3 October 2024 | 5 replies
From our experience managing multiple MTRs in Indianapolis, larger homes don’t appeal as much to traveling healthcare professionals.
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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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3 October 2024 | 2 replies
Investments we are considering or at first glance are appealing to us:fix and flipSTR *we live in a year round resort town (this is appealing to me with my hospitality background)Owner Contracts vs. renting?
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3 October 2024 | 7 replies
It would be more appealing to the buyer if it was an empty lot.
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7 October 2024 | 38 replies
But then again, in that same conversation she mentioned the appeal of one-level living and the cabin being totally accessible - when there's a bunch of stairs between the street and the cabin!
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9 October 2024 | 312 replies
The next trend I see are many OOS investors regretting the appeal of cheap properties that don’t pan out long term.