Rental Homes and Condos in Summit County Colorado


 

Many homeowners rent their vacation properties out, which affords them the opportunity to offset the operating expenses of the home. If homeowners are not going to use the property as often as they would like, this can be a great way to invest in the market, have the property for personal use, and capitalize on the appreciation and resale value.

Breckenridge, Keystone, Frisco, Copper Mountain, Silverthorne, and Dillon are all within close proximity to the ski slopes, as well as I-70 with quick access to Denver.

It is important to keep in mind that there are some subdivisions and neighborhoods in Summit County that do not permit short-term rentals. The Ranch at Eagles Nest, in the Three Peaks community, is a good example of this.

Nearly every subdivision and complex In Summit County allows the owner to use any property management company they wish. Some homeowners even choose to rent the property themselves through avenues such as VRBO (Vacation Rental By Owner).

When looking to choose a property management company, it is typical for local companies to charge 30% to 50% Of the Gross Commissions. 

Keystone Property Management is a good example of a company that charges 50%. However, they do bring in a substantial amount of conference reservations and wedding reservations. So depending on where the neighborhood is, using Keystone Property Management could be a big advantage. They also offer a program for owners who want to be more hand's on and rent their property through avenues such as VRBO. Keystone Property Management will take the bookings,  the checkins, and checkouts, maintenance, cleaning, billing, etc. for a fee.

Other properties which have a front desk check-in such as the Village at Breckenridge, Bluesky Breckenridge, Beaver Run have around a 45% to 50% split. Most of the properties with front desk check-ins utilize this opportunity, as it is very convenient for guests and also brings in conference reservations and wedding reservations. Keep in mind that these kinds of properties can also be referred to as a condo-tel, which can sometimes be challenging for lenders. Click here to read more about condo-hotels.

Do The Numbers Work?

Operating Expenses May Include

  • HOA Fees
  • Resort Fees
  • Utilities
  • Real Estate Transfer Taxes Due Each Time the Property Sells

When deciding if investing any rental property right for you, You may want to take an extra look at the operating expenses. Often times, Rental properties can offset these expenses, but in many cases do not provide a cash flow situation, especially if there is a loan involved.

Many properties in Summit County Colorado have Monthly HOA fees, which sometimes cover the utilities. Many properties also have a real estate transfer tax which is paid to the town each time a property sells and some properties are required to pay a neighborhood/Resort fee. Consumers may view these fees on the MLS details report. This is located in the middle of most reports under: 

HOA, Tax and Fee(s) Information

CLICK HERE TO VIEW LOCATION OF THESE FEES ON MLS REPORT

 

Examples of Rental Figures and Estimates

*This information includes estimates and projections. The information is not a guarantee of rental income.

Examples of Quotes from 2 Local Companies   

 

Keystone

Keystone Resort Property Management

Keystone Property Management Condo Rankings and Interior Quality

Keystone Home Improvement Gallery

River Run Village Map

East Keystone Map

West Keystone Map

 

Keystone Studio Condo Projections

Keystone One Bedroom Condo Projections

Keystone Two Bedroom Condo Projections

Keystone Three Bedroom Condo Projections

 

Springs at River Run Condo

Springs 2 Bedroom, 3 Baths Condo At River Run Village | Rental Projections & Estimates  Rented through Vail Resorts

Springs 3 Bedroom, Condo At River Run Village | Rental Projections & Estimates  Rented through Summit Cove

Lone Eagle and Timbers Condos

1 Bedroom Lone Eagle Condo Above River Run Village  Rented through Vail Resorts | Rental Projections & Estimates

Lone Eagle 2 Bedroom Condo Above River Run Village | Rental Projections & Estimates  Rented through Vail Resorts

Timbers 3 Bedroom, 3 Baths Condo Above River Run Village | Rental Projections & Estimates  Rented through Vail Resorts

Red Hawk Lodge Condo

Red Hawk 1 Bedroom Condo At River Run Village | Rental Projections & Estimates  Rented through Vail Resorts

Red Hawk 2 Bedroom Condo At River Run Village | Rental Projections & Estimates  Rented through Vail Resorts

Ski Tip Lodge Townhomes

Ski Tip 3 Bedroom Townhome | Rental Projections & Estimates  Rented through Vail Resorts

Ski Tip 4 Bedroom Townhome | Rental Projections & Estimates  Rented through Vail Resorts

Settlers Creek Townhomes

Settlers Creek 2 Bedroom, Townhome | Rental Projections & Estimates  Rented through Vail Resorts

Buffalo Dakota Lodge Condo

Dakota Lodge One Bedroom Condo | Rental Projections & Estimates  Rented through Vail Resorts

Expedition Station

Expedition Station One Bedroom | Rental Projections & Estimates  Vail Resorts

Jackpine Black Bear Condo

Jackpine Black Bear Rental Collection  | Rental Projections & Estimates

Pines at Keystone Condo

Pines 2 Bedroom Condo | Rental Projections & Estimates  Rented through Vail Resorts 

Tenderfoot Lodge Condo

Tenderfoot Lodge 2 Bedroom Condo | Rental Projections & Estimates  

Keystone Single Family Home  | Rental Projections & Estimates

 

Breckenridge

Breckenridge Hospitality | Vail Resorts

Breckenridge Property Management

Breckenridge Short Term Rental Property Management Companies List

 

Breckenridge Studios | Rental Numbers & Projections

Breckenridge One Bedroom Condo | Rental Numbers & Projections

Breckenridge Two Bedroom Condo | Rental Numbers & Projections

Breckenridge Three Bedroom Condo | Rental Numbers & Projections

Breckenridge Four Bedroom Condo | Rental Numbers & Projections

 

Crystal Peak Lodge  

Crystal Peak Lodge Collection | Rental Numbers & Projections

Mountain Thunder  

Mountain Thunder Collection | Rental Numbers & Projections 

Main Street Station  

Main Street Station 1 bedroom, 2 baths | Rental Numbers & Projections. Rented through Wyndham Vacation Rentals

Main Street Station 2 bedroom | Rental Numbers & Projections  with Clean Fees and Miscellaneous Fees Added

Main Street Station 4 bedroom, 4 bath | Rental Numbers & Projections. Rented through Wyndham Vacation Rentals.  

Bluesky Breckenridge  

Bluesky Breckenridge Collection | Rental Numbers & Projections

Beaver Run

Beaver Run Rental Program Information and Map

Beaver Run Collection | Rental Numbers & Projections

Crystal Peak Lodge  

Crystal Peak Lodge Collection  | Rental Numbers & Projections

Cottages at Shock Hill  

Cottages at Shock Hill Rental Collection | Rental Numbers & Projections

One Ski Hill Place Condo  

One Ski Hill Place Condo Collection | Rental Numbers & Projections

Tyra Condos  

Tyra Condo Collection | Rental Numbers & Projections

Ski Hill Condos  

Ski Hill Condo Collection | Rental Numbers & Projections

Village At Breckenridge  

Village at Breckenridge Collection | Rental Numbers & Projections

 

Shock Hill 

Shock Hill Collection | Rental Numbers & Projections

Timber Trail

Timber Trail | Rental Numbers & Projections

Highlands at Breckenridge

Highlands at Breckenridge Collection | Rental Numbers & Projections

Shores at the Highlands

Shores at the Highlands | Rental Numbers & Projections

 

Silverthorne

Silverthorne Single Family Home | Rental Numbers & Projections

 

Copper Mountain

Lewis Ranch

Lewis Ranch Ski Home | Rental Numbers & Projections

Tucker Mountain Lodge Condo | Rental Numbers & Projections

Wheeler House Condo | Rental Numbers & Projections

West Lake Lodge Condo | Rental Numbers & Projections

 

Frisco

Frisco Condo | Rental Numbers & Projections

Frisco Single Family Home | Rental Numbers & Projections

  

Dillon

Marina Place

Lake Dillon Marina Place Condo | Rental Numbers & Projections

*This information includes estimates and projections. The information is not a guarantee of rental income.