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After the town council meeting September 28th, the town of Breckenridge is moving forward capping short term rentals within town limits. Some exceptions do apply but those exceptions must meet rigid standards. These standards are only currently being met by 13 complexes within the town of Breckenridge. Short term rentals in those 13 complexes make […]
At the Dillon Town Council meeting on September 21st, the council voted not to enact the proposed short term rental license moratorium. They could go through this process again and put one into place at a later date, but for now, they have decided to let things ride while they do more research. There will […]
At a council meeting today, September 21st, the Dillon Town Council will discuss and vote on a short term rental license moratorium until the end of April. The council has seen short term rental (STR) applications increase recently due to the moratorium imposed by Summit County and the cap being considered in Breckenridge. As a […]
It was just announced that Summit County, Colorado is not ready to welcome out of town visitors yet. Officials are extending the short term rental prohibition beyond the initial April 30 date. The extension now goes until the end of May. Typically, May is not a busy time of year in Summit County. Recreation is […]
A bill was recently introduced to Colorado legislatures that proposed a property tax hike for owners of residential properties that engaged in short term rentals. That proposed change has caused quite an uproar in Colorado resort markets like Summit County. Our Realtor organization fought back and as a result we have been told the tax […]
Recently introduced Senate Bill 20-109 could have huge impacts on your income if you short term rent a Colorado property. In fact, if passed, your Colorado property tax on rental property would likely double. Luckily, it’s still early in the process and we all have time to voice our opinions. What Properties are Impacted? In […]
The state of Colorado has some proposals in the works that would raise the property tax rates on short term rentals. We have been hearing rumors of this happening since late last year. It sounds like now they are working on something to make it a reality. We need both facts and opinions about the […]
Short term rental regulations have been adopted across Summit County. They will be in full effect before the end of 2019. If you rent your property for less than 30 consecutive days, these regulations apply to you. It doesn’t matter if you rent your home only for Christmas break or if you rent it 365 […]
Breckenridge recently updated its rental regulations adding requirements for owners of short term rental properties. Since then, every town and the county are following suit, discussing and initiating their own regulations. All across Summit County, short term rentals are changing. Rentals are an important part of ownership in Summit County. These changes may have a […]
If you are renting your vacation home, or are thinking about renting it out, there are tax implications you may want to take into consideration. For example, if you only rent it out once or twice a year, you may not have to pay taxes on the income. Watch this quick video from the IRS […]
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