Can't Do An AirBnb Short-Term Rental - Now What?

​One of my clients hit a snag thanks to BOULDER COUNTY.

He’s considering moving to an assisted living facility and wanted to see if they could rent their home furnished as an AirbNb.

Nope.

You see, they have to live in their home 6 months out of the year for Boulder County to allow it.

I called my friend, Dan Guenther admin. of the Boulder County Co-Living & Rent-by-Room Support Group page.

I've shared the fantastic informantion he gave to me below: 

Short-term rentals can indeed be highly lucrative, but with increasing city regulations, investors are often left searching for viable alternatives. Many of my clients frequently ask about other strategies to optimize their ROI. Exploring these often-overlooked exit strategies can open new avenues for profitability and long-term success.

Can't Run a Short-Term Rental? No Problem! Here Are 5 Powerful Alternatives for Investors:
If city regulations are putting a halt to your short-term rental plans, don’t worry—there are still plenty of ways to maximize your investment! Here are my top five alternative strategies to maximize returns.

Rent by the Room:

• Benefits: Higher total rent, lower vacancy risk, and a steady income stream. Perfect for markets with a strong demand for affordable housing options, like students and young professionals.
Medium-Term Furnished Rental (30+ days):

• Benefits: Ideal for traveling professionals, remote workers, or families in transition. Enjoy less turnover and less wear-and-tear on your property, while still earning more than traditional long-term leases (sometimes up to 2x traditional long term rents)

Have a Tenant Be the STR Operator:

• Benefits: Stay within legal bounds while still reaping STR-level profits. Your tenant handles the work, and you enjoy a share of the revenue without the headaches of day-to-day operations. This one does not work in every market but if it does, then you can take full advantage of prime STR markets without the property being your primary residence.

Sober Living Home:

• Benefits: Steady demand and potential for higher rent. This option also allows you to contribute to a meaningful cause by providing safe, supportive housing for individuals in recovery.

Group Home:

• Benefits: Consistent government or agency-backed income, with the chance to create a supportive environment for those in need. This option often comes with fewer vacancy issues and long-term stability.
Don’t let regulations limit your potential—there’s always a way to keep your investment thriving!
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If you or any of your investor friends are curious about any of these options and want to dig a bit deeper into the pros/cons of each model, let me know and I can connect you with one of my conections! 

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