Investing in Breckenridge
Investments that promise a great ROI are in high demand today, but it is rare that an investment not only fulfills that promise, but surpasses it and never looks back. Breckenridge is one such area. For years Breckenridge has been known as one of the nation's premier winter destination spots. Featuring amazing, world-class skiing and snowboarding this area of the Colorado Rocky Mountains is synonymous with great winter recreation.
With the awesome reputation of this area for winter sports, sometimes the summer activities that happen in Breckenridge get overlooked. During the fairer months, Breckenridge becomes home to a great variety of summer pursuits like climbing, mountain biking and kayaking. There will never be a shortage of interesting and exciting things happening here. This translates into a great environment for investment as there will never be a shortage of interested vacationers and guests that are looking for great places to stay. Breckenridge, like other outdoor recreation towns is ideal for the vacation rental industry.
In running a vacation rental there are a few things that you should keep in mind. Your rental needs to offer all the comforts of home. People will usually be staying at your rental for at least a week so their stay should be enjoyable and convenient. They should never leave thinking 'that would have been better if there was only a ___" Try to furnish that rental as if you were going to live there yourself. Be sure to get the appropriate insurance when running a rental as it will differ from your standard insurance. If you are unable to check on your property on a regular basis you may want to engage the services of a property management company to ensure the safety of your investment.
Kelli Bennett is a real estate agent specializing in Breckenridge real estate. www.kellisells.com is your leading site for all your Summit County and Breckenridge real estate needs. Contact Kelli today for more info.
Related Tags: investing, rental properties, investing in rental properties, rental investments
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