It’s no secret that rental rates in Denver are sky-high, and the multi-family apartment industry is booming. According to one study, 7,749 multi-family residential units have come online in the downtown area alone since the start of 2010, and an additional 5,039 units are currently under construction.
Continue Reading Denver Apartment Rents Still Rising, but Move-In Incentives Soar
Denver Passes Condominium Construction Defect Ordinance
On Monday night (November 23, 2015), Denver City Council voted to approve the construction defect ordinance proposed by Mayor Hancock.
Continue Reading Denver Passes Condominium Construction Defect Ordinance
Voters Approve New Taxes on Short-Term Rentals
Two major cities on the front range recently enacted new regulations – and city taxes – for short-term rentals.
Continue Reading Voters Approve New Taxes on Short-Term Rentals
Mayor Hancock’s Construction Defect Ordinance Passes Important Hurdle
On November 16, 2015, the Denver City Council unanimously approved the first reading of Mayor Hancock’s construction defect ordinance that we wrote about last month.
Continue Reading Mayor Hancock’s Construction Defect Ordinance Passes Important Hurdle
Is Renting Your Home on Airbnb Illegal? Maybe.
One of the biggest players in what’s been dubbed the “sharing economy” is Airbnb, a peer-to-peer lodging platform that makes it easy for homeowners or renters to open up their homes to strangers in the form of short-term lodging. For many of the families renting their homes or rooms in their homes on Airbnb and other sites, the income from a short-term rental can provide a financial cushion, and may be enough to make ends meet. One study commissioned by Airbnb found that a typical single-property host makes an average of $7,530 for renting an average of 66 days per year.
Continue Reading Is Renting Your Home on Airbnb Illegal? Maybe.