Local information about Breckenridge and Summit county real estate and information about what's going on in the County.
Monday, February 23, 2015
Breckenridge and other mountain towns learn to regulate short-term rentals
Helen H. Richardson / The Denver Post | THE DENVER POST
Kate Barney fielded a call from a local property manager a few years ago: Would she rent her family’s home in downtown Crested Butte to vacationers for the summer?
The offer was huge — almost eight months of mortgage payments.
“These people are paying top dollar,” said Barney, who manages properties with her general contractor husband, allowing them to move their family to different houses.
Now, their home is typically booked for the entire summer by mid-March, as are many of the more than 250 vacation rental homes available in the Crested Butte area listed on websites such asVRBO.com,HomeAway.com,Airbnb.com andflipkey.com.
Crested Butte is one of the 10 fastest-growing markets in the nation for short-term rentals, according to HomeAway, the online Goliath in the vacation rental market.
But nearly every other High-Country town in the West is contending for that title, as a surge of property owners convert their homes into vacation destinations for the growing number of tourists seeking something more than a hotel room.
Read the full story on The Denver Post website, click here.