My first STR in Aspen, CO
I'm in the process of purchasing a second home in Aspen, CO, which will also serve as my first STR property. The townhouse is located in Aspen's sought-after lodging district, where STRs are fully permitted. It's a newly renovated 3-bedroom, 2-bathroom home, just one block from the ski slopes and four blocks from downtown.
The current owner has been renting it out for $30,000 per month during the peak winter and summer seasons. Over the next couple of years, I don’t plan to use the property often, but I may stay there occasionally when it’s not occupied. My primary focus is on maximizing cash flow.
Does anyone has experience with STRs in Aspen, I’d love to hear your advice or insights!
Most Popular Reply
@Ryan S. Do you plan to manage yourself or will you be hiring a property manager?
I'm more familiar with STRs in Colorado Springs. We are not close enough to the mountains to get much ski vacation travelers. I would expect December to March would be prime time for ski season peak and Summer time you would get travelers for hiking and biking. I have heard the summer time season peak is not as large as the winter time but I would still think you would get travelers looking to explore the Colorado Mountains in the summer.
Make sure you know when each of the major holidays and events are in Aspen to price accordingly.
- Tanner Pile
