Monday, April 01, 2024

Months into new regulations, short-term rental owners say they may need to sell their properties in Summit County

 #breckenridge #colorado #realestate



Laura James’s Breckenridge home is dotted with 45 years of family memories. 

A pot-bellied stove stands in the basement where, as a child, James smelled the aromas of coffee and oatmeal as it heated. A pair of 1970s snowshoes that belonged to her dad now decorate a wall. Warm light pours into the living room through her late mother’s handmade stained glass window. 

When James and her husband purchased the home from James’s parents in 2016, they had every intention of making new memories by keeping it in the family. In order to afford the property in addition to their primary residence in Colorado Springs, James said they turned to short-term renting. 

“We’re not a big corporation. This is a family dream,” James said. “Our revenue is solely to cover our mortgage, our expenses and our employment of local workers.”

The couple made it work for years. But now, under new short-term rental regulations in Summit County, James said they’re concerned about the ability to hold onto their Breckenridge property. 

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