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Hello! If you have access to this page then it means that you are currently a client and have signed a buyer or seller agreement. These are referenced as Exclusive Right to Buy Contract or an Exclusive Right to Sell Contract.  If we have not committed to working together exclusively then we ask that you exit this page. If you would like access to Private Client insider information, then reach out to myself or my team to see if we are a good fit to work together. For all current and private clients, please see below for information that we have compiled for you.

~Heather Connor, Crested Butte Realtor

Let's talk about...Vacation Rentals in Crested Butte South

This information was last edited on March 22, 2024.  All information is deemed reliable but not guaranteed.
 

There are a lot of changes happening in not only the real estate market, but specifically the vacation rental market all around the US. The changes are fast and are happening on both the local and state level which causes impacts on numerous communities including ours.  In resort communities like Crested Butte we are seeing an even deeper level of scrutiny around STRS (short-term rentals, also known as vacation rentals and airbnbs.) Below are links to resources that we have come across that may impact you on either a state or local level.  There is a lot of information and it can be confusing to understand what is being discussed versus what has actually passed. If a regulation has passed, when it will take effect and even more importantly, does it impact you…or not really?  

To schedule an immediate call to discuss:  Text my team number:  619.333.7412. Simply state your name, question and if possible, some good times for me to call you.  My team or I will either text back promptly with an answer or confirm a time to discuss on the phone. 

*As an active client, you’re welcome to schedule more immediate private calls with me to discuss how new information may or may not impact your unique estate scenario.  All non-time-sensitive matters can be scheduled with our team directly via our Buyer or Seller scheduling links. 

Crested Buttte South Short-term Rental Resources

    1. Crested Butte South STR Summary from March 19, 2024:  Click HERE.
    2. Crested Butte South STR Documents: STR Resolution 4.11.18, Short-term Rental Permit Policy for Crested Butte South 2021, Short-term Rental Application for Crested Butte South
    3. Crested Butte South STR Regulations (proposed or up for discussion): CB South initial survey summary from CB South POA meeting on 3.13.2024:  Click HERE to view results.
    4. Gunnison County Short-term Rental Regulations by Jurisdiction:  Click HERE for a helpful PDF that summarizes all the info for various locations.
    5. State of Colorado: SB24-33:  The Lodging Property Tax Treatment.  CAR and the majority of local REALTORS oppose this bill, it has been shared that as of 3.19.2024 this bill has been stalled out in the committee and will most likely die there. Most likely due to the introduction of HB24-1299.  Click HERE to view our client summary sheet.
    6. HB24-1299:  Short-term rental unit property tax classification:  Click HERE to view our client summary sheet.  Click HERE to view the Colorado General Assembly summary.  Click HERE to view the current proposed bill. 
    7. State of Colorado: HB24-1098:  This housebill is not in regards to STR, but rather in relation to Colorado landlord/tenant law. Since there can be overlap between what is considered an STR versus a long-term lease thought this was relevant to share.  It is “concerning protections for residential tenants, and, in connection therewith, requiring cause for the eviction of a residential tenant.”  Review the full bill, click HERE
    8. Western Mountain Resort Alliance: is an organization (WMRA) with financial support from the National Association of REALTORS, and conducted by RRC Associates and Inntopia makes an unbiased review of the economic activities surrounding short-term rentals and reveals the significant economic and social contributions STR’s have in the mountain communities of Summit, Pitkin and Teton County. While Crested Butte is located in Gunnison County and is not represented in this study, much of this data translates to a community such as ours.  There has historically been low to no data in regards to STR’s in mountain communities and this study will help create understanding through real data and help demystify the actual vs. perceived impacts on a mountain community (both negative or positive.) In speaking with one of the main members of WMRA, they are happy to have more involvement from members in the Crested Butte/Gunnison area and I personally believe that we will be able to derive some valuable insights from this data. Click HERE for a PDF of the combined reports. 
Articles of Potential Interest:

February 12, 2024:  Article in The Aspen Times on SB24-33.  Click HERE to view the article online. 

February 7, 2024:  Article in the Crested Butte News on SB24-33.  Click HERE to view article online. 

June 8, 2022:  Article in the Gunnison Times on Proposed STR Regulations:  Click HERE to view copied article.

 

 

HEATHER CONNOR, Team Lead | REALTOR® | Broker Associate | MCNE®

Resort & Second Home Specialist® | vip@cbblackdiamond.com | 619.333.7412 (mobile)

[Blog] Could short-term rental property
taxes increase by up to 4x?

Short video that outlines SB24-33.

Record Date: 03/28/2024 | Video length: 4 min 21 sec