It feels like there’s an assault on short term rentals across Summit County. Last week the town of Breckenridge decided to cap short term rental permits and this week Summit County is talking about a short term rental permit moratorium. Summit County is a resort area and a tourist economy yet the town and county […]
Are Breckenridge Short Term Rentals Over?
The Breck Town Council recently met to discuss limiting short term rental licensing. There are currently nearly 4,000 short term rental licenses in Breckenridge right now. The Town Council is drafting legislation to limit the number of permits to 2200. If they agree to the language, this could go into effect November 2, 2021. They […]
Short Term Rental Prohibition in Summit County Extended
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 […]
Tax Increase on Rentals is Dead – For Now
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 […]
Colorado Property Tax on Rental Property Increase in the Works
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 […]
Higher Property Tax Rates on Short Term Rentals in Colorado?
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 – Are You in Compliance?
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 […]
Short Term Rentals are Changing
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 […]
Renting Your Vacation Home
6 Tips To Make Your Vacation Home Pay For Itself
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 […]