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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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2 October 2024 | 10 replies
See if they can run the cutter through there and clean it out.
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2 October 2024 | 4 replies
You might be better with an experienced co-host and Airbnb expert and a handyman with cleaning crew.
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4 October 2024 | 9 replies
Could help you afford a larger/nicer property while still giving you a clean living/ownership structure.
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1 October 2024 | 5 replies
A rental just needs to be clean and servicable.
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7 October 2024 | 38 replies
It's going to be a lot of work to restore and clean up.
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26 September 2024 | 11 replies
I cannot find anything specific to dryer vent cleaning anywhere.
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4 October 2024 | 10 replies
The only times that I've allowed this was a situation where there was a cleaning or a maintenance issue, which ultimately falls on me.
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2 October 2024 | 3 replies
.), where things are (cleaning supplies, trash, etc.) and points of interest in the area (such as local attractions and restaurants).As I am new and definitely still learning, if I missed something please let me know.Wish you the best as you get set up!
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3 October 2024 | 15 replies
Thanks Tanner, I’m mostly interested in learning about construction so that when I view homes I have a general idea as to how much an imperfection, like a torn carpet, might cost.