1 bedroom house in Ridgway for rent -January

I have a new1st/1ba house in Ridgway available for rent by the week or month of January. 

Perfect for 2 or more people with a queen bed and ample floor space.   Gas heat, Woodstove, kitchen...huge deck with killer views of the. cimmarons. 

Perfect for ice climber couples...

1000$ week 

is that supposed to read 1000/month?

edit: ok that price is correct. So then are people supposed to rent this long term, like 1 yr, or for a few weeks as a vacation?

Lardtazium wrote:

is that supposed to read 1000/month?

Welcome to ColoRADo 2018 brah

I'm really curious now whether it's 1000/week or month. Is Ridgway the new Aspen/Telluride??? 

First it has to get cold enough for enough ice to form.For that kind of money I would go to Canada and stay in a luxury hotel. 1000 a week in Telluride will buy more than 1 bed 1 bath.

There ain't no ice -- too bad, so sad, dude.  How much are you losing on your "investment property" per week? :-D

1000 a week is out of line for Ridgway but as P.T Barnum said.....

Ok I've been enlightened. 

Educate me guys. 

#1, how'd you even get into this investment property? Booked solid at 1k/week for 6 months is 180k revenue! You can buy a lot of chalk with that!

One guest stayed for two weeks and left me a thousand dollar tip 

How can I scam... er, "get in touch with" this person?  

Lardtazium wrote:

Ok I've been enlightened. 

Educate me guys. 

#1, how'd you even get into this investment property? Booked solid at 1k/week for 6 months is 180k revenue! You can buy a lot of chalk with that!

Look on realtor.com for what is for sale in the San Juans.  Nice stuff pops up in the Ouray area.  I kept toying with the idea of buying a place there when I lived in Tucson but the drive to get there would of been too far, I also had no idea that one could charge that much too.

While I can't blame anyone who has the means for getting into the short term vacation rental business, I think there needs to be more discussion about how it is affecting local communities.  

http://unofficialnetworks.com/2017/05/02/is-airbnb-ruining-mountain-towns-for-locals-32m-short-term-vacation-rental-net-for-3000-colorado-homeowner/

kyle.hornor wrote:

is-airbnb-ruining-mountain-towns-for-locals

Of course it is.  Unregulated hotels will trash the places until tourists will no longer pay.  

 I’m staying in a 1 bedroom + loft house at the base of Cathedral Ledge NH for $2400/17 nights. That’s about the same as what the OP is asking.

The negative impact I've seen with the short term rental market is that, especially in mountain towns, property owners will convert their long term rental to a short term rental. This creates a housing shortage for low income residence. That being said, I wish I had a property to put on VRBO, cuz I would be making bank. 

I guess some locals are also surprised when there neighbor lists their 3 bedroom house as "it sleeps 15" and it's booked though the season. These are the black sheep of the industry. That being said, I use VRBO all the time!

You can't take your own, limited experience in renting long term to poor people and use that to make pass judgement about how low income people live their lives. Not only is it rude, you are directly leading to the shortage of affordable housing that people are talking about above

 I love how derailed this thread has gotten. From January 1st to June 30th is 26 weeks. From July 1st to December 29th is 26 weeks. They are 52 weeks/year.

 I would love to further derail it by debating the fact that people’s poor judgement not investment banks that bought down housing market. I mean if only everyone paid their mortgage right? No? The banks should’ve lent out money to anyone so they sell derivatives? 

s.price wrote:

Airbnb is not ruining mountain towns for locals. Maybe wanna be locals but I have been local for 38 years and renting out my yurt short time hasn't hurt me.

Chipeta lodge in Ridgway is $200 a night. Sure you get a microwave and a bar on the premises. As small as Ridgway is I would take a house and walk down to the bars.

There is definitely a benefit to locals as well, such as in your case.  However, most mountain towns rely on tourism, and thus rely on people to work low paying service industry jobs who are increasingly being priced out of the rental market.  I don't think these people are wanna be locals.  I'd bet most established locals, maybe even yourself, started out this way.  

Lardtazium wrote:

Educate me guys. 

#1, how'd you even get into this investment property? Booked solid at 1k/week for 6 months is 180k revenue! 

Education indeed required.   

kyle.hornor wrote:

most mountain towns rely on tourism, and thus rely on people to work low paying service industry jobs who are increasingly being priced out of the rental market.

Jackson, WY has "solved" this problem: have the poor people camp in the National Forest behind the Elk Refuge.  The local gas stations make money from their commute, and the rich tourists don't have to look at them when they aren't in uniform.

Idle q for you airbnb folks: friend here in the east bay who hosts says she keeps roughly 60% after taxes and fees. I guess it depends on income bracket + etc, but does that sound +/- right to you all who do it? ie of that 24k you kept ~$14.4k, minus expenses for supplies etc?

Sirius wrote:

Idle q for you airbnb folks: friend here in the east bay who hosts says she keeps roughly 60% after taxes and fees. I guess it depends on income bracket + etc, but does that sound +/- right to you all who do it? ie of that 24k you kept ~$14.4k, minus expenses for supplies etc?

That’s if you do it legally 

and I’ll bet Ridgeway is short on regulation