STRs MTRs in North Colorado

Fort Collins, Colorado
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STRs MTRs in North Colorado

Allen DuanPro Member
Property Manager · Los Angeles, CA · Member since 2022 · 590 posts · 463 votes

Hi everyone! Who owns a STR or MTR in the Fort Collins, Longmont, Estes Park areas? I'd love to connect and learn about the market.

Context: I own a STR/MTR management company in Los Angeles and we're considering expanding to a STR friendly market.

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Dan GuentherBusiness Member
Real Estate Agent · Longmont, CO · Member since 2019 · 548 posts · 271 votes
2y

Hey @Allen Duan - DM Sent. I've got 1 STR in Longmont and a handful of clients/investor friends around the Northern CO region running the STR/MTR model. Happy to provide some insight on the state of the STR/MTR market here as regulations change drastically from city to city.

[email protected]720-295-1082
Ten Ridge Realty LLC514 Reviews
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  • Dan GuentherBusiness Member
    Real Estate Agent · Longmont, CO · Member since 2019 · 548 posts · 271 votes
    2y

    Hey @Allen Duan - DM Sent. I've got 1 STR in Longmont and a handful of clients/investor friends around the Northern CO region running the STR/MTR model. Happy to provide some insight on the state of the STR/MTR market here as regulations change drastically from city to city.

    [email protected]720-295-1082
    Ten Ridge Realty LLC514 Reviews
    WebsiteView Page
    1Reply
  • Kristine HodgesPro Member
    Rental Property Investor · Broomfield CO and Estes Park, CO · Member since 2017 · 52 posts · 45 votes
    2y

    I have multiple STRs in Estes Park.  Our local regulations are strict, as are most mountain towns in Colorado. City limits have different rules than county.  Permits required unless zoned for accommodations.  Local contact must live in the area and be able to respond within 20 minutes. I’m happy to share more detail about my experience as an investor and an agent.  

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  • Sam BaselPro Member
    Real Estate Broker · Estes Park, CO · Member since 2012 · 12 posts · 6 votes
    2y

    I have been helping people buy and sell STRs in Estes Park as a real estate agent for quite a few years. I help people navigate the rules and regulations between the town and the counties in the area. Being able to transfer a license from one property to another in residential zoning districts will be a big issue in the future and there is a cap on the number of permits allowed in specific zoning areas. I also keep a running list of available properties that qualify as STR properties for buyers. I manually send out opportunities as they come available. Send me a message if interested in receiving those notifications. I am happy to be a local resource to help understand the market if you need one.

     

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  • Michael BaumPro Member
    Olympia, WA · Member since 2016 · 8k+ posts · 7k+ votes
    2y

    Hey @Allen Duan, so I wouldn't qualify the area as STR friendly.

    Let's say they are more like suspicious and reticent. Not impossible but you really need to think if it is worth the effort.

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  • Allen DuanPro Member
    OP
    Property Manager · Los Angeles, CA · Member since 2022 · 590 posts · 463 votes
    2y

    Thanks everyone for your insights! I really appreciate your responses.

    I have a unique perspective as I'm not looking to buy real estate myself. Rather I'm looking for a mature STR market with enough supply that makes it worthwhile for my co-hosting business to bring our services.

    One variable I'm digging into is how many STRs are self-managed vs managed by a PM or co-host. Dan, Kristine, Sam, I'd love to hear your insights.

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