COVID created a chaotic spike in both the sale & rental markets, attracting even more new real estate investors.

The state’s favorable business environment, reliable energy grid, and central location make it attractive for data-intensive companies like Google.Additionally, Verily Life Sciences, another Alphabet subsidiary, relocating its headquarters to Dallas is another testament to the region's growing appeal for tech and life sciences companies.

I rent by the semester to visiting scholars during the academic terms and by the night to vacationers between academic terms.

They were attracted to the potential for cash flow, largely because so few markets would cash flow any more with higher rates.

In any case, speed and reliability make you a more attractive buyer.

Yes.A well-maintained investment attracts better renters who pay on time, stay longer, and take good care of the property.

The local area has a few attractions and similar STRs have done well based on what I see online)The plan is simple. 

Institutional Investors: As you scale, attracting institutional capital (e.g., private equity, pension funds, or REITs) can provide the capital necessary for larger developments or acquisitions.

After 4-6 months transition to annual because Vacationers will be nonexistent and you will be stuck with zero income.

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.