The explosive growth in nightly rentals has exposed (no pun intended) millions of property owners to a new risk due to the virus fallout. What impact will rental owners see in the coming months?
Kate Bailey launched her career as a reporter-editor at two ColoradoBiz sister publications. Like many in the media industry, she went to the “dark side” in the fall of 2013, entrepreneurially evolving her journalistic skills to craft her own public relations firm, largely serving luxury and lifestyle brands, including multiple Inc. 500 companies.
Idaho Springs, the largest and closest to Denver of four Clear Creek mountain towns, is the first to capitalize on the two hottest emerging tourism sectors: More than 70% of the county is public lands, and its legacy was earned in gold, silver and molybdenum.
The latest addition to the Broadmoor is a 93,000-square-foot exhibit hall, the largest facility of its kind in Colorado Springs. The new space will lend itself to symposiums, trade shows, exhibits and other large events that will draw new visitors to the Springs.
Fortunately, long term, the mountain communities will come back even stronger as they are very desirable places to both live and recreate. Even with some short-term defaults, the market will rapidly absorb these properties if they ultimately turn into foreclosures due to the lack of inventory.
This process may seem to complicate the acquisition of your property, but the plan of using it as an investment/lifestyle property requires more diligence as different liabilities may arise. Here’s what you need to know.
Atlanta-based Emrgy recently opened a sales office in Boulder and hopes for much more work in Western states and provinces. Using satellite technology, Emrgy has mapped and evaluated 15,000 miles of irrigation canals in 10 states, starting in California and moving east.
People want to live in Colorado, and when they get there, those people need places to live. So, if you’re a real estate investor, where should you buy property in Colorado?
Manufactured housing communities (mobile home parks) have provided affordable housing to individuals and families since the 1950s. Manufactured homes meet the needs of those who want to live in the comfort of a single-family home but often cannot afford the associated mortgage or rent payment.
Cyberattacks and ransomware have been around for years; but in the last 18 months they have made a resurgence both in frequency and in the devastating effects they are having on their victims. We have seen medical offices, financial firms and municipalities (among others) being targeted and paying the price both in dollars and in damage to their reputation.
Being in the mass-transit business is tough. So, yes, a certain amount of slack should be given to transit managers – but how much is enough?
A study by Clever Real Estate came to this conclusion after looking at the 50 largest metro areas in the U.S. through the lens of five differently-weighted core metrics: violent crime rate, property crime rate, natural disasters, drinking water violations and transportation fatalities.