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
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.
Construction Defects Fight Isn’t Over: Colorado Court of Appeals Weighs In
Despite the failure of Senate Bill 177 last week, there is positive news for condo developers.
Continue Reading Construction Defects Fight Isn’t Over: Colorado Court of Appeals Weighs In
Sixty Days and Counting for Colorado Professional HOA Managers to Get Licensed
July 1, 2015 is the deadline for HOA Managers to be licensed by the Colorado Division of Real Estate (DRE). HB 13-1277, signed in 2013, is about to go into effect, requiring any person who manages the affairs of a common interest community on behalf of an HOA for compensation to meet minimum qualifications and obtain and maintain a license.
Continue Reading Sixty Days and Counting for Colorado Professional HOA Managers to Get Licensed
Law Expands CCIOA Exemption for some Pre-CCIOA HOAs
Colorado House Bill 15-1095, signed into law last week, relieves certain pre-1992 common interest ownership communities from some of the more burdensome requirements of the Colorado Common Interest Ownership Act (“CCIOA”).
Continue Reading Law Expands CCIOA Exemption for some Pre-CCIOA HOAs