Summit County Breckenridge Short Term Investing Property
Investing in Breckenridge properties is an important decision for everyone, should you be buying a condo, or just renting a house for your vacations.
In both situations you have two options, either you are a specialist in the properties area, or you will have to find one, in this case no one can do a better job than management company.
If you’re looking for a short term investment in a Breckenridge Real Estate property you’d like to rent to tourists, please keep in mind that every property is unique, meaning you can find differences everywhere, those being the place where the property is located, the type of property you’re hoping to get, the price of it, and most important of all, the way it is designed and decorated.–
If you’re looking to know a few more details on any particular property, you are welcome to contact us and let us offer you the best service you could possibly find.
Leave it on our hands and we’ll help you taking the best decision and maximize the profits you can make with your investment.
For now we leave you with a small list of things you should be aware of when looking for this kind of investment; take a look at it and contact me if you have any further questions.
If you are looking to buy a good property, then you can expect to get around 10% of your purchase price as an income from your rental. Though we cannot guarantee this kind of Return on Investment (ROI) - 10% of purchase price - we can provide you with all the historical data for a particular property, meaning you’ll have what you need to make the best decision.
If you are looking for a completely outsourced service in this area, please be aware that Rental Management Companies can take up to 40% of all your income, though you still get all the service they provide, like finding clients (tourists) interested in your property, make some basic cleaning and maintenance, perform follow-up contacts, etc. If you are hoping to get this type of service just give us a call and we will be happy in helping you out with it, but remember, in this area it’s better to be safe than sorry, so don’t sign anything unless you really understand what you are getting up to.
Especially during holiday seasons, where the demand for rentals peak, you’d better have a place for rental as near as possible to a lift, to ease people’s access to ski resorts. The so called “ski-in/ski-out” locations are the best to hold, since they allow fast and easy walks to the lifts and in consequence they attract more visitors.
If you let the property management to a management company, remember to warn them if you want to use the house yourself, as most of the time they can have it booked for someone else at the same time you are hoping to be there. Most companies need to be told you need the property at least 1 to 1.5 months in advance, so beware or you may end outside your own house.
The most popular type of properties are 2, 3 and 4 bedroom condominiums, with the exception of larger homes, mostly because more than town homes and regular homes, these are usually located near a lot of facilities, like tennis courts, pools, hot tubes and saunas, etc.
Please Contact Me and I will recommend youseveral Property Investment Specialists to Choose from.