11 September 2020 | 8 replies
And I essentially have no hobbies aside from fishing and household projects, watch no TV, no sports, since I am already spending an average of 25-30 hours per week in real estate in addition to the 40 I spend in W-2 role.
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.
22 September 2022 | 32 replies
We then provide a few starter k-cups and a bag of coffee for the drip side.
29 July 2016 | 337 replies
He did help out the day I needed the truck and thought picking up 26 bags of quickrete and dropping them off at the house ourselves wouldn't be difficult. never again.
3 May 2023 | 1572 replies
We also have a ready market for short-term stays: students who attend the university during the summer for shorter courses, conference attendees, sports camps, etc.
22 April 2021 | 16 replies
My current properties in Medellin and France have been a mixed bag, but I am happy I made them.
28 August 2019 | 316 replies
West Field in Munhall, the main sports arena. is named after them, and my duplex is right by West Street.
1 June 2019 | 146 replies
And finally, since I’m a car guy - to be able to own sports cars comfortably.
10 April 2019 | 25 replies
Thank you for any adviceHi SamI am buying in Detroit, buy and holds and SFH to flipIts a mixed bag, unless you buy in the right areas you may come unstuckAlso requires skilled property management.