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
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.
Recent Leases Indicate Diversified Economy in Downtown Denver
After a period of strong leasing activity by oil and gas firms in downtown Denver, the falling price of oil may have raised concerns that the office market would be negatively affected. However, two recent office leases support the conclusion
Highlights From CREJ’s Multifamily Housing Conference and Expo
On March 13, the Colorado Real Estate Journal hosted its annual Multifamily Owners and Managers Conference and Expo. The Conference assessed the present and future of Colorado’s multifamily housing market with an emphasis on the Denver metro area. Speakers included economists, consultants, property managers, lenders, investors, and developers. They canvassed topics ranging from the
Location, Location, Location – Are the three rules of real estate now cliché?
The origins of the “three rules” of real estate call into question whether location should be viewed as the most important characteristic when evaluating real estate. At the 17th Annual CU Real Estate Forum, Gunnar Branson highlighted William Safire’s research on the origins of the phrase “location, location, location.” According to Safire’s research,