One ski town goes all in on taxing second homeowners more

One ski town goes all in on taxing second homeowners more

After the legislature last year approved the ability to tax second homeowners more, one ski town is going all in establishing a “vacancy tax” for property owners.  Ironically nightly rentals can be considered “vacant”.   What is in the new Vacancy tax...
New CO law makes landlords pay for damage to their property

New CO law makes landlords pay for damage to their property

Every recent legislative session in Colorado continues to have a few bills that are perplexing.  The most recent law would allow someone who is renting a property to not pay for any damages to the property and be fully refunded their security deposit.  What is the new...
Colorado bill prohibits the collection of a security deposit

Colorado bill prohibits the collection of a security deposit

    The above is a picture of what we found in a property we were involved in; needless to say they did not get their security deposit back due to some huge electrical problems, water issues, etc….!  Although, all eyes and media attention seems to be...
New Bill that radically alters rentals in Colorado and implements statewide rent control

New Bill that radically alters rentals in Colorado and implements statewide rent control

Every time I look at the docket of new bills in the Colorado Legislature I am amazed.  This new bill will radically alter rental contracts in Colorado and changes the real estate market profoundly. The proposed bill not only impacts property owners but also lenders....
Condo death spiral in Denver: are ski condos next?

Condo death spiral in Denver: are ski condos next?

    Condos were once the hottest real estate in Denver and throughout the front range and now suddenly the tides have turned.  Days on the market has almost doubled, prices are down, and sellers are now in a panic to dump properties.  Is now a good time to...
Every Colorado ski town has made one huge mistake 

Every Colorado ski town has made one huge mistake 

  It is crazy to think that every major ski town in Colorado has made the same major mistake and that nobody has noticed until  or done anything until now.  What caused every ski town to duplicate the same mistake? What does this mean for property owners? When...