Long-Term Leases

Long term leases (anything over 30 days, according to the city) are allowed and a great option for generating income from the Digs. CURRENT ESTIMATED MONTHLY RENTAL INCOME: $2,300 (furnished, including 1 pet). My past leases (from 2014-2018) have generated $1,800-2,000 per month in rent. This is certainly below market rates: I chose not to raise rent most years because I had great tenants renewing. Whenever I did list for new tenants, I had very strong responses and could take my pick from multiple candidates. Click image for detailed rental history. KEY FINANCIALS:

  • • $359 per month HOAs include snow removal, all building/grounds maintenance, and hazard insurance
  • • $795 annual property taxes paid in 2018
  • • $1,135 annual utilities (3-year average)
  • • Click below for detailed rental history P&L

Long-Term Leases
Profit and Loss Profit and Loss

HOA: low fees, exceptional maintenance

Our HOA is in a great place financially and our building is very well maintained. Click to learn more:

  • • New roof in 2018
  • • All-new plumbing in 2015
  • • Strong reserve fund for ongoing maintenance and repairs
  • Among the lowest HOA fees in all of Steamboat (just $359/month)
  • • No plans for special assessments or raised fees

HOA: low fees, exceptional maintenance

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