The Breckenridge Town Council heard public comment until late into the night at their September 14th meeting. In the end, the council voted unanimously to move forward with the proposed short term rental cap. The meeting was recorded so if you missed it or, like me, went to bed before it ended, you can watch […]
Short Term Rental License Moratorium in Summit County
On the afternoon of September 14, 2021, the Board of County Commissioners voted unanimously to approve a short term rental license moratorium. The moratorium goes into effect at 11:59 PM on Friday September 17th for properties in unincorporated Summit County with a couple of exceptions. The exceptions are both Copper Mountain and Keystone. Owners of […]
Are Short Term Rentals in Summit County in Jeopardy?
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 […]
Vacation home rentals & your taxes
Summit County Short Term Rentals are Available Again!
I never knew these words would sound so sweet. Summit County short term rentals are available! That’s right, Summit County is back in business! Come on out and enjoy the hiking and biking. Enjoy the beautiful, summer weather. Gaze at those mountain views. Everything Summit County has to offer is, once again, available to everyone […]
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 […]
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 […]