Owning a short-term rental in Breckenridge can provide a steady stream of income while offering other benefits such as increasing the value of your home and providing a great way to meet new people. Located in Summit County, Colorado, the town of Breckenridge is known for its abundance of ski resorts and mountain activities. Let’s look at some of the benefits that come with owning a short-term rental in Breckenridge. Below, we’ll explore everything you need to know about investing in the real estate market in this beautiful mountain town.
The benefits of owning a short-term rental in Breckenridge
There are many benefits of owning a short-term rental in Breckenridge. One of the biggest benefits is that you can generate income from your investment. A short-term rental can also provide you with a great place to stay when you visit Breckenridge. It can also be a great way to meet new people and make new friends.
The best locations in Breckenridge for short-term rentals
Another benefit of owning a short-term rental in Breckenridge is the ability to take advantage of the town’s prime real estate. Whether you’re looking for a ski-in/ski-out property or something downtown with easy access to the nightlife, there’s a perfect location for your short-term rental in Breckenridge.
For those who want to be close to the slopes, there are plenty of properties available near the base of Peak 9 or on Ski Hill Road. These locations offer quick and easy access to the lifts, making it easy to get out on the mountain first thing in the morning. And when it’s time to call it a day, you can simply ski back to your door.
If you’re more interested in being closer to the action downtown, then consider a rental property on Main Street or Ridge Street. These areas put you right in the heart of Breckenridge, within walking distance of all the shops, restaurants, and bars. You’ll also be close to the free shuttle that runs throughout town, making it easy to get around without having to drive.
No matter what your preferences are, there’s sure to be a short-term rental in Breckenridge that’s perfect for you. So check out some listings and find your dream short-term rental home today!
How to get started in the short-term rental business
Assuming you already own a property in Breckenridge:
1. Hire a property management company. This will give you the greatest exposure to potential guests and make it easy for them to book your rental.
2. Make sure your property is up to local code and zoning regulations for short-term rentals.
3. Stock your rental with the essentials that guests will need like linens, towels, dishes, and toiletries.
4. Create a user-friendly space with plenty of storage, comfortable furniture, and a welcoming atmosphere.
5. Take quality photos of your rental that accurately reflect the space and amenities offered.
6. Write an engaging description of your rental that highlights its unique features and why it’s the perfect place to stay in Breckenridge.
7. Be responsive to guests’ inquiries and concerns before, during, and after their stay.
The pros and cons of owning a short-term rental in Breckenridge
If you’re considering purchasing a short-term rental in Breckenridge, it’s important to understand the pros and cons of this type of investment. While there are many potential benefits to owning a short-term rental, there are also some challenges that you may face.
One of the biggest benefits of owning a short-term rental is the potential for income. If you carefully manage your property and market it effectively, you can generate a significant amount of income from renting it out. This can help offset the costs of ownership and potentially provide you with a nice return on your investment.
Another benefit of owning a short-term rental is that you can use it yourself when you want. While you won’t be able to stay in your rental all the time if you’re renting it out frequently, you can still enjoy it when you’re not working or have other commitments. This can be a great way to get away from the hustle and bustle of daily life and relax in a beautiful setting.
However, there are also some challenges that come along with owning a short-term rental. One of the biggest challenges is managing your property. When you’re renting out your property, you need to be sure that everything is in good condition and that your guests have everything they need to have a comfortable stay. This can be time-consuming and require some additional work on your part. PMI Breck can help you with that.
Conclusion
Owning a short-term rental in Breckenridge offers many benefits to owners. From the potential for great returns on investments to being able to provide visitors with an amazing experience, there is no doubt that owning a short-term rental in Breckenridge can be an extremely profitable venture. If you are looking for an additional source of income or have thought about entering the real estate market, consider investing in a short-term rental property and reap all these wonderful rewards!
