Your Source for Summit County Real Estate
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 […]
Having a vacation home is something many people dream about. Unfortunately some expenses come along with it. Things like HOA dues, utility bills, snow plowing, maintenance and property taxes can be additional expenses that will need to be paid. Your vacation home can generate income when you’re not using it that will help to cover […]
This time of year we have a lot of people looking for long term or seasonal rentals. While a large chunk of the properties in Summit County are rental properties, most are short term rentals. That allows the owner to come out and use it too. If it is rented for the winter or for an […]
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