So to optimize your return, the obvious solution is to rent it on a nightly basis to other Steamboat visitors when you’re not here and make some extra money.

What makes this question hard to answer is because there are many unknowns in renting your place. Sometimes the condo you choose is going to have rental history numbers. This is a good number to look at so you know the future potential for rentals. But obviously it is not guaranteed that it will produce the same income in the future.

What if it’s a worse winter than last year? If Steamboat has no snow, the skiers are less likely to visit. Or it may be a better year, who knows? When will you be using your condo? If you’re using your condo during peak periods such as Christmas and New Year and spring break, your property won’t make as much in rental income.

Another reason why it’s hard to say what your rental income will be is because you have tens if not hundreds of choices when it comes to management companies. Most association management companies will also provide nightly rental services to owners, and most owners will go with those companies to save on the hassle of employing a different firm.

While some condo complexes in Steamboat do not allow the owners to hire an outside management company for nightly rentals, at most properties you do have a choice.

Recently, I was showing two bedroom two bath condos to a couple who wanted to stay at their property in the summer, and rent during the winter season. They wanted to maximize their income during their winter rental period and had asked me about rental numbers.

The unit we looked at had rental history from the management company that also managed the HOA. To have a thorough comparison, we also looked at the rental history for 2 other similar condos in the same complex. One was managed by a different management company and the other was managed by an owner through VRBO®.

The differences in the rental income were staggering: 26K for one company, 51K for another, and the vrbo property reported over 80K in gross income!

Finally, you have to know what the management fees are for the company you’re hiring to rent your condo. You may think that the gross numbers are great, but then you find out that the company charges 45% for the service, and you’re left with just a little over 1/2 of the gross rentals. Not as great as you thought, huh?

So when you ask us for the rental income history for condos, please don’t be surprised when we say “it depends”!

For more information about best income-producing properties, give Kasha Banas a call at (970) 846-8284 or email her at kasha@steamboathomesearch.com

The post How much can you make from renting your condo? It’s a hard question to answer! appeared first on Steamboat Ski Condos.

During that time 7 condos were sold at Whistler Village, 6 at the Lodge, 5 at the Rockies and Townhomes at Walton Creek and 4 each at the Phoenix, the Pines, Shadow Run, Timber Run, Timbers and Trappeurs Crossing.

Here are the details:

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The post Condo and Townhome Sales Summer of 2016 appeared first on Steamboat Ski Condos.

Here is a list of the properties that sold:

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The post January-February 2016 Condos Sold in Steamboat appeared first on Steamboat Ski Condos.

Search ALL available Eagle Ridge Lodge condominiums for sale here

Click here to see all the Eagle Ridge townhomes currently for sale.

The post Eagleridge Sold Data 2015 appeared first on Steamboat Ski Condos.

Please contact us for pricing and availability.

Search all available New Construction at Steamboat’s downtown developments here.

The post Alpenglow Condos Sold in 2015 appeared first on Steamboat Ski Condos.

There were also two whole ownership Porches residences that sold (for a total of three since mid-November) which is more sales in a month than the Porches saw in the last two years combined. Sales prices ranged from $178,500 for a 1BR Storm Meadows condo to the two Porches residences that both closed for $2,000,000+.

Here are the details:

The post December 2015 Condos Sold in Steamboat appeared first on Steamboat Ski Condos.

The average sales price was$539,000, while the median sales price was only $356,000 indicating a large number of lower priced condos sold in November. The average ratio of sold price to asking price was 95%.

Here are the details:

The post November 2015 Condo and Town Home Sales in Steamboat Springs appeared first on Steamboat Ski Condos.

See all of October’s condo and townhome sales below, or call us at (970) 846-8284 for details.

The post October 2015 Condo Sales in Steamboat appeared first on Steamboat Ski Condos.

Popular developments with several sales include Emerald Heights and Rocky Peak, two new developments off of Hilltop Parkway where buyers are purchasing brand-new townhomes with nice finishes under $600,000; Quail Run; entry-level developments like The Rockies, Shadow Run and First Tracks @ Wildhorse Meadows; and ski-in, ski-out properties at Torian Plum and Torian Creekside.

At the low end of the market, two Walton Village 1 bedroom condos sold for $120K and $126K.  Just three years ago, Walton Village condos were selling under $75,000 showing how prices are climbing rapidly at certain price points.

See the complete list of Steamboat condo sales below or click here to see what condos are currently available.

The post July 2015 Steamboat Condo Sales appeared first on Steamboat Ski Condos.

See all available Stonewood Townhomes for sale here.

HOA dues are reasonable compared to similar townhomes.

Stonewood Townhomes were once listed at $2,550,000 and are now priced at $1,550,000–a savings of 40%.  The price per square foot at Stonewood Townhomes is less than $400 for brand-new luxury construction.

Developer Kreissig Homes has an excellent reputation for building here in Steamboat Springs.  They’ve been in Steamboat for over 17 years.

The post Stonewood Townhomes Cuts $1 Million Off Prices appeared first on Steamboat Ski Condos.