Realtor Matt Kaufman is my go-to vacation homes specialist in Steam Springs – Meredith Hotz
By Matt Kaufman
Owning a Steamboat Springs vacation home or second home in a mountain resort community is a goal many people wish to accomplish. Currently, in Steamboat Springs there is a vacation rental trend that has helped many families be able to afford a mountain retreat.
The perk of these homes is they have nightly rentals helping subsidize the ownership costs. The first thing you need to think about before purchasing a short-term rental property is, what are your expectations for this purchase?
If someone is looking for a retreat that the family can come together and enjoy on all of the holidays and rent out when it is not in use, then many most likely will not be making enough revenue to cover the Homeowners Owners Association costs. However, if your expectations are set correctly, that shouldn’t be an issue. Also, if the passive income of owning a Steamboat Springs Vacation Homes is a driving factor for someone to have a home in the mountains. Make sure to discuss the peak occupancy dates with a local management company. And, everyone should consider planning your visits around peak dates. Listing brokers and property management companies oftentimes share optimistic projections that can look promising. Ultimately, these promises fail to account for the management company fee – which runs about 18% to 50%, taxes, utilities, and HOA costs.
Steamboat Vacation Homes Insight
Keep in mind, in Steamboat you cannot swing your skis around without hitting three rental management companies. So, be sure to take advantage of this and shop around for a management company. It’s important to find one whose business model will work well with your goals. Many times, the appreciation of a property is the icing on the cake. That is assuming you purchased for the right price and sold at the right time. All in all, everyone should get someone who is qualified with special designations like a Resort Specialist, Second-Home Property Specialist, and certified Realtor will be able to help you find a property that best fits your expectations.
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