6 October 2024 | 12 replies
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.
30 December 2021 | 58 replies
Almost all of the useable outdoor space is between the front of the house and the street, so I want (actually need) to create privacy in the front yard from the street.
6 June 2022 | 25 replies
I also have outdoor games such as corn hole, rope toss, etc... but my VR locations are good for the outdoors.
26 July 2022 | 11 replies
It is also incredibly beautiful with losts of outdoor recreation opportunities.
1 August 2024 | 10 replies
The Poconos Association of Vacation Rental Owners put out an impact study that talks about the big picture which is good. 30 million visitors coming each year, nice things to do, mix of resorts and outdoor destinations that are not overcrowded, a pleasant place to drive to.
7 November 2021 | 213 replies
I love being in the outdoors, (sounds like we've got that in common) so that where I tend to spend more money on... bikes, kayaks, running events, backpacking/hiking, snowboarding and other outdoor trips.
29 November 2023 | 8 replies
I’m in Clayton, which has a bit more to do for the outdoor enthusiast, but overall similar to your market.we do get weeklong stays.
19 June 2019 | 25 replies
So always check with your building department, especially if your work is occurring out doors!
9 June 2019 | 4 replies
@Dennis S.Hi Dennis,Window A/C units have a service life, and window or outdoor unit, not cooling to called for temp you should have a an A/C service tech look at it because you might loose the tenant over it.If she wants 69 and you tell her to live with 72 it might be a deal breaker, (I run at 68 and it never varies even 1 degree no matter how hot it is outside).Good Luck!