Winter Park Colorado: anyone investing there have thoughts?
I am looking into one of the newer townhomes in Winter Park CO as a STR and family vacation spot. I have begun researching some of the costs associated with marketing / advertising a property vs having a management company do it for me. One thought is to have a company do it for me at the beginning and then I can take it over a bit later once the property has garnered some reviews etc. I noticed that many companies claim to advertise on all the top sites. As I started looking into the fees associated with each site, it seems that if one were to advertise on the top 5 sites including booking.com, the fees can add up to around 8K or more a year alone; and that is only on 28K of income. At that point it seems logical to utilize a management company.
I am curious if people are investing in that area with STR and if they are using many sites to advertise on or just something like VRBO?
If there are people utilizing management companies, curious if they have any recommendations?
overall thoughts on the area and growth potential/strength of VRBO ?
would love to hear peoples thoughts :)
Bo