Can You Turn Your Home Into an Airbnb?

Sep 17, 2019

Can you turn your home into an Airbnb? The answer depends on a few factors.

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With so many people moving to Colorado Springs, many residents are making extra money on the side by renting out rooms or entire properties. If you’re considering turning your own home into an Airbnb, you have a great opportunity to do so, but there are a few things to keep in mind.

First, Colorado Springs and Manitou Springs have implemented several restrictions regarding short-term rentals. In either area, you have to apply for a permit to make sure you’re in compliance. You can use this link to double-check all the requirements, which include getting liability insurance, paying taxes, etc.

How do you know whether your home will work as an Airbnb? If you live in an HOA neighborhood, you need to check with your homeowners association to see whether it’s allowed. A lot of HOAs have changed their bylaws recently to disallow residents from turning their home into an Airbnb.

“No matter what your plans are, do your homework and make sure you’re in compliance with your HOA and/or city guidelines.”

We’ve found that homes on the west side of town are ideal for Airbnbs. Some investors have sold single-family homes on the east side of town and then bought multiple smaller homes so they could double the rent they receive, but that strategy comes with some inherent risk. No matter what your plans are, do your homework and make sure you’re in compliance with your HOA and/or city guidelines.

As always, if you have any questions about this or any other real estate topic, don’t hesitate to reach out to me. I’d love to help you.

About Jason Daniels

Jason is a Colorado native and has lived in Colorado Springs for over 30 years. Jason and his team have sold twelve hundred homes over the past 16 years in Colorado Springs. He enjoys all types of outdoor activities including hiking, biking, camping, skiing, and golfing. Jason graduated from Colorado State University with a bachelor’s degree in Construction Management. He is married with six children and enjoys spending time with family. Jason and his team specialize with first time buyers, investors, golf course properties, luxury homes, military relocation, and new home construction. He is also a member of Peak Producers and the Elite 25, both exclusive groups of top agents in the Colorado Springs area.

Jason Daniels
Finch & Gable Real Estate Co.
9362 Grand Cordera Pkwy #100
Colorado Springs, CO 80924
(719) 999-8900
info@finchandgable.com
www.jasondanielshomes.com

We got great results, we found a beautiful house and we’re very pleased with it, been in it several months now. And just very happy with Jason and his team. We worked with a team member, Jonathan, and he was always available and would respond very quickly to text messages o...

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We got great results, we found a beautiful house and we’re very pleased with it, been in it several months now. And just very happy with Jason and his team. We worked with a team member, Jonathan, and he was always available and would respond very quickly to text messages or phone messages and I really appreciated that. We would use them again and recommend them to our friends. They’re a great team to work with.

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- Sandra

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I've sold two houses with Jason Daniels. I'll say that Jason and his team are exceptional, and I don't use that word lightly because I've sold two houses with Jason and there's a reason I came back to working with him. Not only did our house sell fast, it sold for the right...

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I've sold two houses with Jason Daniels. I'll say that Jason and his team are exceptional, and I don't use that word lightly because I've sold two houses with Jason and there's a reason I came back to working with him. Not only did our house sell fast, it sold for the right price, we never had to reduce price, we never had to go up in price. I'd sold houses with other Realtors before so I had an idea of what was supposed to happen but what I was really impressed with, with Jason is that his negotiating skills are excellent and I'd never had any Realtor that I'd worked with before, I'm military, I've moved many times, bought and sold several houses, and no one has ever really taken the initiative to negotiate for things I didn't ask for. I really felt like I walked out with the best deal I possibly could have had. Jason Daniels, you definitely want him on your team!

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- Sarah

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I flip houses on the side, he helps me find the houses to buy and then I go through him to purchase it, and when I’m done I list it with him to sell them. I’ve probably done like 25, 30 buys and sells with him, so I’m probably at about 50 to 60 somewhere. There’s been a few...

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I flip houses on the side, he helps me find the houses to buy and then I go through him to purchase it, and when I’m done I list it with him to sell them. I’ve probably done like 25, 30 buys and sells with him, so I’m probably at about 50 to 60 somewhere. There’s been a few houses where he always seems to be able to get me an extra few thousand dollars when an offer will come in that’s lower than what I’m asking. He has a really good feel on if the buyer will come up a little bit more of if they’re at their max or if they’re really wanting the house. Or he’d be able to say, “Hey these people are really excited about this house, I get that from their agent and if you want to counter, they’ll probably come up some on their price.

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- Jeffrey

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When we bought our house that we’re living in currently, we were having it built by a contractor. He put together information on analysis of various contractors and then he did background research and came to us with a list of recommendations. There were some items we had q...

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When we bought our house that we’re living in currently, we were having it built by a contractor. He put together information on analysis of various contractors and then he did background research and came to us with a list of recommendations. There were some items we had questions about afterwards, and he in turn acted as a negotiator and was able to fulfill our needs without a question. He represented us very fairly and probably more than anybody else I could have worked with.

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- Ray

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He sold our house in less than 90 days for full price and a cash offer. He walked through our house and told us what to keep out and what to put in storage so it would show better. He was just always available—any second I needed to talk to him he was available to answer qu...

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He sold our house in less than 90 days for full price and a cash offer. He walked through our house and told us what to keep out and what to put in storage so it would show better. He was just always available—any second I needed to talk to him he was available to answer questions. His whole team is great and his office staff is amazing.

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- Amy

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I've worked with Jason twice. When we were buying a house, he took us to a couple houses and figured out what we wanted. The next day, we saw three houses that were exactly what we were looking for, and we bought one. Later on, he sold that house for us. A few days after he...

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I've worked with Jason twice. When we were buying a house, he took us to a couple houses and figured out what we wanted. The next day, we saw three houses that were exactly what we were looking for, and we bought one. Later on, he sold that house for us. A few days after he put the sign up, a verbal offer came in. Jason told us he would try to bring the buyer up to full price. When the written offer came in, we got the asking price! I believe he worked very hard for that. It was a very good experience.

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- Bill

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He is absolutely the best. Jason is a fine human being, and when you meet him, you immediately think you've had him for a friend for forty years!

He is absolutely the best. Jason is a fine human being, and when you meet him, you immediately think you've had him for a friend for forty years!

- Jim

Listen to the whole Interview:

(719) 999-8900

info@finchandgable.com

www.jasondanielshomes.com

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