Updated almost 10 years ago on . Most recent reply
Long term rental vs. Airbnb
Currently renovating an up and down duplex in Denver. Going to do a little house hacking and rent out the bottom unit (1/1). Given the current rental market, trying to weigh my options between a long term rental vs. Airbnb. Leaning towards an Airbnb given the significant rent that can be generated relative to a long term renter, but understand that vacany poses a big threat to potential cashflows. Welcome thoughts on past experience in the Denver area in this situation. Thanks!
-Kevin
Most Popular Reply
Hey Kevin,
The laws for short term rentals are changing in Denver. You would need a license to operate Air BnB type rentals from December 2016 onwards. There is a clause of the short term rental property to be a primary residence only. It works for you but make sure you also get the license. It's an online process and is not costly to do so.