Category: STR Market Insights

In the dynamic landscape of the vacation rental market, regulations play a pivotal role in shaping the industry’s future. Recent legislative developments in Denver have stirred significant concern among property owners and rental agencies. A prominent player in this unfolding scenario is Effortless Rental Group, a leading property management company that has joined forces with Denver’s Mile High Host group. Together, they are advocating for fair regulatory amendments to Senate Bill 33 (SB33), which currently proposes substantial changes that could have far-reaching impacts on vacation rental businesses.

Navigating Change: How Proposed State Law Might Impact Short-Term Rental Owners in Steamboat Springs

With places like Colorado on the map, the best vacations aren’t always during the summer. Each year, noticeable trends emerge, leading to pivotal opportunities. While some developments may be fads or outliers, it’s still essential to consider them. One type of accommodation is undoubtedly more prevalent during the winter months: cabins.

Although legalities can sometimes feel like a burden, following the law is essential to owning a short-term rental property. Counties and municipalities are increasingly watching the vacation rental space; unfortunately, it can be hard to know the various regulations and rule changes. Still, there are many ways to stay up to date and protect your business from fines or losing permits. After all, it’s our responsibility as property owners to ensure our enterprises are legal. Thankfully, there are a few simple ways to better safeguard your investments without hiring a legal team.

Effortless Rental Group is Colorado’s most trusted hospitality provider, specializing in short-term rental and boutique hotel management.  Helping investors locate new real estate opportunities in short-term rental markets, using analytical data, and industry knowledge.

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The Mile High Host community is made up of a wide variety of individuals, from a host renting a room in their house to Realtors wanting to keep up on the latest short-term rental regulations and property managers managing numerous properties throughout the city.  We want to provide resources to help you navigate these rapidly changing times.

Before the COVID-19 consumed our thoughts and inboxes, our community had a mission to ensure the newly proposed short-term rental ordinance language did not negatively impact the hosting community.  Many of you wrote or had face-to-face meetings with your city councilmembers and some spoke publicly at the Biz Committee meeting on March 11th.  Many expressed their concerns with the new language, specifically about “fixed habitation” and the potential of license denial based on the number of days that the short-term rental has been, or will be, rented within the calendar year.

Photo by Miguel Henriques on Unsplash

Studies Show STRs Modestly Impact Housing Affordability

Photo by The Creative Exchange on Unsplash</a