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.
Coronavirus Survival Kit for STR Hosts:
Industry experts, Jasper Ribbers and Eric Moeller have put together a tool kit for individuals hosts. They gathered tips, tricks, tools and resources to save you time and help your STR business survive.
The kit is designed to help you:
- Survive and thrive through this crisis
- Maintain occupancy
- Stay in business
- Prepare for the opportunities that will come
This kit is only $7 to download and jam-packed with helpful information and resources.
VRMA COVID-19 Resources:
While VRMA is an organization geared toward the professional short-term rental property manager, they have compiled helpful information and resources to navigate the uncertain time ahead.
Click here to view the massive list of resources they’ve compiled.
When all else fails and you need to blow off some steam, keep in mind that you can support your local restaurants and order cocktails to go. Westword put together a piece highlighting which restaurants are serving craft cocktails to go. One trend that has emerged from this pandemic is the proliferation of virtual happy hours — we truly are a species that thrives off of human connection. Cheers!
Here are a handful of additional articles and local resources:
Forbes Article: Here’s What To Do If You Need Help With Your Mortgage Payment During The Coronavirus Outbreak (The main thing is to talk to your mortgage servicer, but know that these will have to be made up eventually)
Every other Wednesday in April and May, The Justice Center will be offering free legal advice over the phone for call-in participants. Please call 719-473-6212 during clinic hours to participate. Click here to learn more.
Image: Yahoo Finance
On the afternoon of March 30th, the CEO of Airbnb, Brian Chesky, conducted a live stream for the hosting community. Here is a summary of what Brian said:
- Travel is at an all-time low
- Recognition and apology that Airbnb has drifted from the host-focus it was created on
- COVID-19 cancellation policy was set for the sake of public health. He apologizes for not consulting hosts (violation of partnership)
Actions going forward:
- Extenuating circumstance policy – established a $250 million fund to pay hosts 25% of canceled booking. Retroactive to March 14. Cancellations before March 14 will be based on host cancellation policy
- Establishment of $5000 grants for Superhosts and Experience Leaders up to a total of $10 million coming early April
- Previous guests will be able to send messages and donations directly to hosts. Expected effective date: early April
- For USA hosts only: COVID-19 stimulus bill allows Airbnb hosts to be eligible for SBA loans and grants, as well as unemployment benefits
You can view the message and read the details here.
The CARES Act passed the Senate and House last week providing relief to businesses across the U.S. This bill has provisions specifically targeting affected businesses in the tourism industry. These provisions will be available through grants at the state and local level. Advocating on behalf of the Short-Term Rental Industry is extremely important during this economic crisis.
This legislation provides direct cash payments of as much as $1,200 for individual taxpayers, and $500 per child, phased out when incomes exceed $75,000 for individuals and $150,000 for couples filing jointly. This also dramatically expands unemployment insurance benefits and provides an additional $600 per week for those receiving unemployment benefits. The bill provides $349 billion dollars in much-needed, low-interest, small business loans that could be partially forgiven to help businesses maintain payroll and avoid laying off workers. It also directs billions of dollars toward hospitals and other health care providers on the frontlines of this pandemic, in part to help them purchase additional life-saving protective equipment.
VRMA has provided a high-level overview and breakdown of this bill, which you can read here.
Just north of downtown, you will find Denver’s most distinctive neighborhood—RiNo. Also known as the River North Arts District, this community is packed with galleries, shops, studios, and boundless murals. Immerse yourself in a dense pocket of Denver culture filled with delectable food and beverage spots!
Here’s our top 5 list:
1. Improper City – Food trucks, local music, craft drinks, and a MASSIVE patio. They also open at 7am on weekdays for you folks that ‘work remote.’
2. First Draft – A craft beer lover’s dream. 40 taps of beer, wine, and cider with no lines! Pour your own and leave the crowded bar scene in the past.
3. Death & Company – Perfect spot to get unique, handcrafted cocktails and small bites before or after hitting the town.
4. Finn’s Manor – Open back patio with rotating food trucks outside, cozy bar with 400 whiskeys inside. Need we say more?
5. Fish N Beer – Do you have hesitations about seafood in this coastally-challenged city? If so, Fish N Beer will squash them. Always delicious, always fresh.
Airbnb, VRBO, and Homeaway, oh my! What’s the difference, and why be on all of them?
The last decade has really seen a boom in the “share” community with companies that really facilitate the way that homeowners can rent out their spare bedroom or home to potential guests. Companies like Airbnb and VRBO/HomeAway have made it easier than ever to take your getaway to the next level of comfort. You can literally stay in a Home Away From Home! It’s also made keeping your investment properties and spare bedrooms booked easier than ever because there are over a hundred million users worldwide. But what’s the difference? Is Airbnb or VRBO better for vacation properties? What about for guests? Well, when you list your short-term rental property with Effortless Rental Group your properties automatically gets listed to to both Airbnb and VRBO/HomeAway as well as on every single one of our partners which include some of the largest booking sites in the world like Expedia and Booking.com, but let’s break them down.
Since their inception in 2008, Airbnb has become a household name for both travelers and hosts seeking to make a profit by providing that “home away from home” experience. Airbnb generally charges a Host fee of 3% of the subtotal. This depends on how strict your cancelation policy is or if you live in Italy. Airbnb charges guests anywhere between 0% and 20% depending on the subtotal, cleaning fees, and length of the stay.
Airbnb has an extensive network of users all around the world and has really sought to create the entire end-to-end travel experience in a single, easy to use app. Airbnb acquired HotelTonight in April which signals that they are interested in growing and have the means to do so. In addition to booking everything from shared rooms to entire mansions and everything in between, Airbnb provides guests with option to book experiences such as classes, workshops, and dinners all from the app. Through partnerships they even put on some once-in-a-lifetime experiences like letting guests stay the night in the Louvre.
VRBO has been around longer than Airbnb, created in 1995, and was acquired by HomeAway in 2006. The HomeAway network is also extensive and this is good for Hosts because their properties are shown to millions of potential guests. One of the main differences between VRBO and Airbnb is that VRBO doesn’t rent out the smaller listings (shared bedrooms, spare bedrooms, home’s where the host resides, etc.). Instead, VRBO focuses on larger properties entire homes, condos, and apartments. It makes for a more conventional stay. While there can be a certain charm to trips where you can crash with strangers like a Hostel, it is really nice to have privacy when you vacation.
The fees on VRBO are a little different than Airbnb in that there are two packages for hosts to choose from: a $499 fee paid annually (recommended for hosts who rent year-round) or a 5% booking fee. Guests can expect to pay between 5% and 15%.
So which should you choose to list your property on? Trick question, the answer is both and then some! With Effortless Rental Group, we show your rental property on Airbnb, VRBO, and a slew of other booking sites. We’ve even harnessed the power of Booking.com, Expedia, Kayak, Obitz, TripAdvisor, and many more to ensure that you you’re getting the most out of your short-term rental property.
Maximize Your Vacation Rental Property In May 2019
Wake up and smell the flowers AND Maximize Your Rental Property In May 2019! As the weather warms up and the school year comes to a close, May signals the unofficial start of Summer and the official start of Summer Vacation. Families everywhere will start to look outward, away from the busy bustle of the cities and look to get away to the serene and ever-so-scenic vacation destinations that Colorado has to offer. These upcoming May events are sure to attract a large number of visitors from all over! Effortless Rental Group can make keeping your rental property booked out all May long feel… effortless! Make sure you’re not caught sleeping when the snow starts to melt!
81st Annual Cañon City Music and Blossom Festival
When: May 1st – May 5th
Where: Cañon City
About: This all-around festival features music, parades, and more including: high-school bands, orchestras, and choirs from all over the country. This festival also includes Colorado’s longest running Rodeo: the Royal Gorge Rodeo.
147th Annual Royal gorge Rodeo
When: May 3rd and 4th
Where: Cañon City
About: As part of the Music and Blossom Festival, this rodeo is the longest continuous rodeo in Colorado. This rodeo features: wild horse racing, bull riding, barrel racing, bronc riding and more.
Denver Bacon and Beer Classic
When: May 11th
About: Held in Broncos stadium at Mile High, this will feature a ton of craft beers and over 100 different bacon dishes!
Upslope Get Down
When: May 11th
About: This 3-stage music festival is hosted by Upslope Brewing Company and features activities for the whole family.
Spread The Word Music Fest
When: May 17th – May 19th
Where: Downtown Denver
About: With over 60 bands and 10 stages, this is awesome music festival showcases local Colorado talent over three days.
Chicken Fight Fest
When: May 23rd
About: This Everything Fried Chicken & Craft Cocktail festival features 40+ restaurants competing to see who really have the best dish!
When: May 24th – May 27
Where: Buena Vista
About: Kick off the paddling season with PaddleFest and help raise money for The River Fund at Chaffee County Community Foundation. This features a ton of educational activities for paddlers of all ages.
Effortless Rental Group: Maximize Your Rental Property During These March Events.
As February comes to a close, Colorado prepares to host these March events that are sure to bring in large crowds of tourists, athletes, and lovers of the arts, winter sports, and more. Make sure that your are maximizing your short-term and long-term rental properties throughout this exciting month by trusting your properties to our rental management team.
Effortless Rental Group will not only save you the time and hassle of listing your properties, we work to ensure that your rental properties stay booked and visible across all major platforms. Check out our services as well as these upcoming events for the month of March:
37TH ANNUAL BURTON US OPEN SNOWBOARDING CHAMPIONSHIPS
- February 25-March 2, 2019
- Golden Peak, Vail, CO
- The 37th installment of the Men’s and Women’s Snowboarding Championship
2019 Rocky Mountain Horse Expo
- March 1-3, 2019
- Denver, CO
- More than 300 vendors will fill the trade show floor with the most innovative and exciting equine-related products and services
Power of Four Ski Mountaineering Race
- March 2, 2019
- Aspen, CO
- Ski mountaineering race over all four of Aspen’s famed mountains. You’ll climb (or watch others climb) 11,500 feet of vertical over 25 miles, including the epic Highlands Bowl.
Colorado Special Olympics Winter Games
- March 2 – 3, 2019
- Copper Mountain, CO
- Copper is the official winter training site for all Colorado-based winter Special Olympics athletes, as well as the official host resort for the Winter Games.
- March 5, 2019
- Breckenridge, CO
- Each year Mardi Gras lovers take over Breckenridge with masks, beads, music and entertainment to commemorate the carnival season.
7TH Annual ReFrame Film Festival
- March 8, 2019
- Fort Collins, CO
- A film festival that features short-films with the intention of ReFraming disability in order to promote disability awareness.
Monte Vista Crane Festival
- Fri-Sun, March 8-10, 2019
- Monte Vista, CO
- 36th annual Crane Fest, celebrates the annual migration of cranes that has been going on for years
Frozen Dead Guy Days
- Fri-Sun, March 8-10, 2019
- Nederland, CO
- In its 18th year with contests, competitions, live music, great food, parades and parties.
Fiesta For All: Hispanic and Latin Music and Dance
- March 15th and 16th, 2019.
- Denver, CO
- A Concert series that showcases and celebrates Hispanic and Latin dance music. This concert series aims to Build Community Through Music.
USASA National Championships
- March 29-April 3, 2019
- Copper Mountain, CO
- Snowboard athletes compete in halfpipe, slopestyle, boardercross and alpine disciplines across 33 divisions.
Maximize Your Vacation Rental In April 2019
As the snow begins to melt and we say our goodbyes to all of Denver’s exciting winter festivities and attractions, we can now look forward to spring and warmer weather that will surely bring in the summer crowds. As always, this is a great opportunity to maximize your vacation rental in April 2019 and keep your rental property booked out. An easy way to ensure that you are getting the most out of your short-term or vacation rental property is to have a company that does short-term rental management look after the property for you.
Effortless Rental Group will not only save you the time and hassle of listing your properties, we work to ensure that your rental properties stay booked and visible across all major platforms. Make sure that your are maximizing your short-term and long-term rental properties throughout this exciting month by trusting your properties to our rental management team.
Check out our services as well as these exciting events that are coming to Denver in April 2019:
- April 3-6, 2019
- Vail, CO
- The 29th annual installment of this enormous food and wine festival
Bud Light Rocks the Boat
- On April 6th and 13th, 2019
- Steamboat Springs, CO
- A free concert series now in its 20th season, featuring a variety of music genres including performances by The Commonheart and Magic Giant.
- April 2-7, 2019
- Aspen, CO
- In its 28th year celebrating one of the best short film festivals and Oscar-qualifying showcase.
- April 13, 2019
- Steamboat Springs, CO
- This hilarious race down Headwall consists of nothing except for homemade sleds made of only cardboard. The Cardboard classic is in its 39th year.
- April 14, 2019
- Steamboat Springs, CO
- This event features hilariously costumed skiers and riders that attempt to cross a pond at the base of the mountain. Followed by the Bud Light Rocks the Boat concert series.
- April 12-14, 2019
- Durango, CO
- A three-day long bluegrass music festival showcasing bands from around the country.
- April 25-28, 2019
- Carbondale, CO
- A film festival geared towards outdoor action and adventure. The 5Point Film kicks off its Flagship Festival in Carbondale every spring.
Maximize Your Vacation Rental During These Upcoming Colorado Events:
Colorado is one of the premier winter destinations in the world and February is an exciting month that you surely won’t want to miss out on! These Colorado Winter Festivals are sure to attract large crowds and this is a great opportunity to keep your rental property booked out. An easy way to ensure that you are getting the most out of your short-term or vacation rental property is to have a company that does short-term rental management look after the property for you. The services provided through a rental-management company will save you time and money, while ensuring that you are getting the most out of your rental property. This February Colorado will host:
- Date: Sat-Mon, January 25th-January 28, 2019
- City: Aspen (Snowmass), Colorado
- Winter extreme sports competition, music, food, nightlife activities
- Date: Wed-Fri, January 30th-February 1st, 2019
- City: Denver
- Outdoor industry product showcase
- Date: Wed-Sun, January 30-February 3, 2019
- City: Durango
- Parade, follies, and more
- Date: Sat, February 9, 2019
- City: Colorado Springs
- Cultural demonstrations, authentic food and music
- Date: Sat, February 10, 2019
- City: Lake City Ice Park
- Featuring men’s and women’s top-roped and lead speed competitions
- Date: February 10, 2019
- Address: Silverton, Co (change of location from Durango, CO)
- Snowshoe race includes a kids dash, 5K and 10K through the San Juan forest
- Date: Wed-Sun, February 6-10, 2019
- City: Downtown Steamboat Springs
- Ski races, ski jumping, ice sculptures, fireworks, a shovel race, street events, and more
- Date: Fri-Sun, February 8-17, 2019
- City: Downtown Cripple Creek
- Features ice sculptures in casino-friendly Wild West Cripple Creek
- Date: Fri-Sun, February 15-17, 2019
- City: Lake Dillon, Silverthorne
- An ice hockey tournament sponsored by Pabst Blue Ribbon, with over $10,000 in cash prizes. It’s followed by the Apres Ice Party.
- Date: Fri-Sun, February 22-24, 2019
- Address: Steamboat
- About: 12th annual festival showcasing national, regional and local bluegrass and acoustic roots music.
- Date: February 23, 2019
- City: Denver
- An indoor festival with a family friendly focus featuring kid-friendly activities, stages, and more.