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27 September 2024 | 5 replies
Some come a facet, others don't, just shop around.If you DIY the install you'll save more money.
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5 October 2024 | 19 replies
now that we know this companies name I suspect some of the SC agents will turn this company in and ask how they can do it while others cant/wont.Jay, do you see all of this regulation as cleaning up the swamp of fly by night wannabes and resulting in greater deal opportunity for those with the capital, knowledge and experience to comply and profit?
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7 October 2024 | 39 replies
They had a huge flood 16+ years ago that cleaned out a lot of their problem areas and spurred some much needed reinvestment into the city.
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30 September 2024 | 11 replies
I've seen situations where people tried to cut corners with cheaper software or DIY options, only to face costly IRS issues later.
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1 October 2024 | 8 replies
You can learn from what he does for you and next time maybe DIY.
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3 October 2024 | 3 replies
TIARV Park AND Self Storage~4 acres, commercial for $120K (google maps link)Pros: In city, city water & sewer nearby, city allows both rv park AND self storage in Commercial zone, ~$50K worth of timber on propertyCons: Neighbors nearby, traffic visibility not as good here, land needs to be logged/cleaned up - not a big deal reallySelf storage constructed probably out of shipping containers~3 acres, industrial for $135K (google maps link)Pros: clear flat land, higher traffic count between the coast and I5, seller will carry loanCons: zoning does not allow for RV Park, city services unavailable
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3 October 2024 | 7 replies
Is it my responsibility to do a demolition/clean up then sell the land?
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4 October 2024 | 12 replies
That's 73 turnovers and at $200 per cleaning, we're at $14,600 for the year. $400 a month for utilities, $500 for misc expenses like toiletries, maintenance/repairs, landscaping etc. $150 a month for insurance (this might be low?).
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2 October 2024 | 8 replies
@Anthony Abruzzo while it is possible to remotely DIY manage, VERY difficult to do with zero experience.
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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.