Despite facing challenges, Eagle County's efforts to regulate and incentivize short-term rentals are showing promising signs, with 28 property owners already participating in the Lease to Locals program and ongoing discussions to refine regulations and increase participation for 2024.
Eagle, Colorado: Navigating Short-Term Rentals with Resilience and Adaptation
In Eagle, Colorado, the short-term rental market is demonstrating a mix of challenges and opportunities. Despite the county's slow progress in adopting comprehensive regulations, short-term rentals continue to be a significant component of the local housing stock, making up about 14% of the total housing units in unincorporated areas.
While specific data on occupancy and average daily rates for Eagle County is not readily available, the ongoing efforts to regulate and optimize the short-term rental market indicate a proactive approach. The county is working towards implementing an ordinance that would require unit owners to register and comply with health and safety standards, ensuring a safer and more managed environment for both renters and property owners. Additionally, initiatives like the Lease to Locals program aim to balance the short-term rental market with the need for local workforce housing, showcasing the county's commitment to finding sustainable solutions.
Short-Term Rental Regulations in Eagle, Colorado for 2024
Registration and Licensing
- Any owner renting a property for less than 30 consecutive days must register their Short-Term Rental and obtain a Town of Eagle Business License.
- Registration is due annually by January 1st, and there is no fee for registration, although a fee is required for the Town of Eagle business license.
Lodging Tax
- A 6% Lodging Tax is applied to the gross short-term rents, including all non-optional fees. This tax is due monthly by the 10th of the month following the end of the prior month. Even if there was no rental activity, a completed Lodging Tax form must still be submitted.
Penalties and Interest
- Late payments incur a penalty of the minimum of $10 or 10% of the tax due. Interest accrues at 1.5% per month or portion of the month beginning the first day of delinquency.
Health and Safety Standards
- Short-term rental operators must maintain uniform health and safety standards.
Local Representative
- While this requirement is specific to Vail, it is worth noting that in nearby Vail, short-term rental operators must appoint a local representative who is available 24/7 and within a 60-minute distance to resolve issues promptly.
Display of Registration
- The short-term rental registration document must be posted in a conspicuous place within the rental unit at all times.
Advertising Requirements
- Advertising for the short-term rental must include the registration number or, for professionally managed rentals, the Town business license number.
Parking and Contact Information
- Proper parking must be maintained, and a sign with the local representative’s contact information, the street address of the STR, and the STR registration number must be posted inside each STR unit.
Compliance with Ordinances
- Owners are responsible for knowing and complying with all ordinances, resolutions, and regulations that apply to short-term rentals within the Town of Eagle.
Multiple Properties
- Each short-term rental requires its own registration, but the Town of Eagle business license can apply to multiple rentals (e.g., one whole home and one partial home rental).
Top Neighborhoods for Airbnb Revenue in Eagle, Colorado
1. Garrison Ranch, Eagle
- Appeal: This neighborhood is highly rated for its peaceful and private settings. The homes, such as the "Peaceful 3 bedroom overlooking the town of Eagle," offer modern comfort, are located in a gated community, and are just a short drive from Eagle and I-70. Guests appreciate the proximity to Vail (35 minutes) and Glenwood Springs (30 minutes), making it ideal for both adventure seekers and those looking for a quiet getaway.
2. Edwards
- Appeal: Edwards is a favorite among guests due to its convenient location near Beaver Creek and Vail. Properties like the "Retreat w/Amazing Views near Beaver Creek" and "Family Friendly Home in Edwards" offer modern decor, new appliances, and easy access to ski resorts, summer activities, and local amenities such as restaurants, shops, and a grocery store. The area is also known for its natural beauty, with common deer and fox sightings.
3. Minturn
- Appeal: Minturn is appealing for its quaint mountain town charm and direct access to outdoor activities. The "Riverfront Mountain Cabin w/ Hot Tub" is a prime example, offering breathtaking views of the Eagle River, a hot tub, and a well-stocked kitchen. Guests can enjoy walking distance to Main Street, restaurants, and shops, making it a cozy yet convenient stay.
4. Eagle-Vail
- Appeal: Eagle-Vail is a popular choice due to its central location between Vail and Beaver Creek. Rentals like the "Relax on the Eagle River in Eagle-Vail" private studio offer private entrances, decks overlooking the river, and access to an 18-hole golf course. The area also features free bus services to the ski slopes and is close to various amenities.
5. Avon
- Appeal: Avon attracts guests with its scenic beauty and amenities. Properties such as the "Rental unit in Avon" provide private studios on the Eagle River, surrounded by pine trees, and include features like private fire pits and full kitchens. The proximity to Beaver Creek and Vail, along with the availability of a free bus service, makes Avon a desirable location.
These neighborhoods are highly appealing due to their combination of natural beauty, modern amenities, and convenient access to popular ski resorts and local attractions.
Furnishing and Design Tips for an Inviting Airbnb in Eagle, Colorado
Understanding Your Market and Guests
- Define your property's aesthetic based on Eagle's natural scenery and outdoor activities, blending modern comfort with rustic charm.
Choosing the Right Furniture
- Opt for timeless, sturdy pieces that reflect the mountain-inspired decor of the area, such as wood and stone elements.
- Select furniture that is easy to clean and maintain, especially in high-traffic areas like sofas and beds.
- Consider space-saving furniture with big functionality, such as sofa beds, folding tables, and ottomans with hidden storage.
Enhancing Comfort and Convenience
- Provide high-quality, durable beds with at least 8-inch thick mattresses, preferably memory foam for durability.
- Ensure ample storage for guests' personal items, including beds with drawers, wall hooks, and stackable containers.
- Include essential amenities like hairdryers, basic toiletries, a first-aid kit, and a well-stocked kitchen with basic cookware and utensils.
Utilizing Mirrors and Lighting
- Use mirrors to make the space feel bigger and brighter, and ensure there are power sockets nearby for hair dryers and straighteners.
- Install good lighting and ensure easy access to power outlets, especially in work areas.
Incorporating Local Charm
- Add vibrant artworks and local crafts to personalize the space and make it feel unique and inviting.
- Highlight the natural beauty of the area by incorporating elements like cozy fireplaces and outdoor spaces with scenic views.
Accessibility and Safety
- Make your Airbnb accessible to guests with disabilities by including features like ramps, wide doorways, and grab bars in bathrooms.
- Install smoke detectors, carbon monoxide detectors, and provide a first aid kit for safety.
Technology and Connectivity
- Ensure high-speed internet is available, and consider a Wi-Fi booster if the property is large.
- Provide modern amenities like smart TVs and quality linens to enhance the guest experience.
Outdoor and Recreational Amenities
- Offer amenities that enhance the outdoor experience, such as hot tubs, BBQ grills, and access to nearby hiking trails and ski resorts.
- Include features like heated garages, elevators, and pathways along the river to cater to various guest needs.
Budgeting and Maintenance
- Set a budget and stick to it, focusing on cost-effective yet high-quality furniture and decor.
- Plan for regular maintenance and cleaning to ensure the longevity of your furniture and the overall cleanliness of the property.
Discover Eagle, Colorado: Local Attractions and Insider Tips
Local Attractions
Outdoor Recreation
- Sylvan Lake State Park: Enjoy biking, camping, fishing, hiking, and more in a beautiful, secluded location. The park features about 50 campsites and outstanding cold water fishing for trout, panfish, and bass.
- Eagle River: Offers great fishing and rafting opportunities. Rafting trips from May to July include Class II, III, and IV rapids, and there are also relaxed float trips suitable for families.
- White River National Forest: Explore over 2,500 miles of trails for hiking, mountain biking, snowshoeing, and snowmobiling. Campsites like Yeoman Park and Fulford Cave are accessible from Forest Road 415.
Trails and Hiking
- Hernage Gulch Trail: A secluded trek along Hernage Creek, ideal for those seeking a hike without mountain bikes.
- Mount Thomas Trail: Offers the best views of Eagle Town along the Red Table Mountain ridge line.
- Eagle Ranch Loop: A family-friendly 2.5-mile loop that winds through open meadows and along the Eagle River.
- Brush Creek Trail: A moderate 6.5-mile trail with scenic views of the Eagle River and surrounding mountains.
Water Activities
- Kayaking: Enjoy kayaking on the Eagle River and the Colorado River, with various levels of difficulty and stunning views of the Red Canyon.
- Fishing: Excellent trout fishing in the Eagle River and at Sylvan Lake State Park.
Cultural and Historical Sites
- Eagle County Historical Museum: Located in a restored 1931 schoolhouse, showcasing the area's mining, ranching, and railroad history.
- Chambers Park: Features a preserved log cabin from the early 1900s, offering insights into the lives of Eagle's early settlers.
Community and Family Activities
- Centennial Park: A hub of activity with yoga, a playground, picnic areas, summer concerts, and other events.
- Eagle Pool & Ice Rink: Offers ice skating in the winter and an exterior swimming pool in the summer, along with tennis courts and a BMX track.
Insider Tips
Dining and Shopping
- Historic Downtown Eagle: Stroll through downtown to enjoy restaurants like Roam, Gardunos, and Brush Creek Saloon. Visit unique shops such as Mountain Pedaler Bike Shop and The Nearly Everything Store.
- Local Events: Attend festivals, concerts, and events like the Eagle ARTwalk and the Eagle Outside Festival to experience the local art and music scene.
Seasonal Activities
- Winter: Enjoy skiing, snowboarding, snowshoeing, and ice fishing. Visit Vail and Beaver Creek ski resorts for world-class skiing and snowboarding.
- Summer: Engage in hiking, biking, fishing, and golfing at the Eagle Ranch Golf Club. Use the outdoor pool at the Eagle Pool & Ice Rink.
- Fall: Take scenic drives to witness the fall foliage and visit the Eagle Ranch Pumpkin Patch.
Day Trips
- Glenwood Springs: A 30-minute drive west, offering hot spring pools, shops, and restaurants. Visit Two Rivers Park for family-friendly activities.
Practical Information
- Transportation: Use public transportation or rent a car to navigate Eagle and its surroundings. The Eagle County Regional Airport is just five minutes from town.
- Local Knowledge: Stop by Batsons Corner Store for insider tips on fishing conditions and other local activities.
By sharing these attractions and tips, you can help your guests make the most of their visit to Eagle, Colorado.
Practical Tips to Run a Successful Short Term Rental Business in Eagle, Colorado
To ensure a smooth and enjoyable experience for both you and your guests, several practical tips can be implemented when running a short-term rental business in Eagle, Colorado.
Noise Regulations and Quiet Hours
Inform your guests about the local noise regulations and quiet hours to avoid any potential issues. Include this information in your digital and physical house manual to set clear expectations.
Comprehensive House Manual
Create a detailed digital and physical house manual that includes essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual should be easily accessible and posted in a conspicuous place within the rental unit.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical keys. Provide clear instructions on how to use the smart locks and ensure that guests can enter and exit the property without any hassle.
Parking Instructions
Include detailed parking instructions with photos in your house manual to help guests navigate the parking area. This can prevent confusion and ensure that guests park in the designated areas, respecting both your property and neighboring residences.
By implementing these tips, you can enhance the guest experience, reduce potential issues, and maintain a positive reputation for your short-term rental business in Eagle, Colorado.
Here is a brief list of house cleaning providers in Eagle, Colorado:
House Cleaning Providers in Eagle, Colorado
Team Clean Inc
- Offers deep cleaning, general cleaning, home cleaning, and housekeeping services.
- Provides services on weekly, bi-weekly, monthly, and custom schedules.
- Specializes in cleaning for health using professional-grade disinfectants and equipment.
- Serves Eagle County and surrounding areas.
Merry Maids of Eagle County
- Provides professional house cleaning services with 40 years of experience.
- Offers recurring cleanings (weekly, bi-weekly, monthly) and one-time cleanings.
- Services include dusting, mopping, vacuuming, and window cleaning.
- Employees are bonded and insured.
All Cleaning Services LLC
- Offers housekeeping services for homes, apartments, townhomes, and offices.
- Provides occasional, one-time, and recurring cleaning services.
- Specializes in detailed cleaning, holiday cleaning, refrigerator and oven cleaning, and move-out/move-in cleaning.
- Uses green products and serves areas from Glenwood Springs to Frisco.
Managing Short-Term Rentals in Eagle, Colorado: Understanding Fees and Services
In Eagle, Colorado, managing short-term rentals involves a range of fees that can vary significantly based on the level of service provided. Full-service management companies, which handle everything from guest communication and marketing to property maintenance and inspections, typically charge between 25% to 30% of the rental revenue. These comprehensive services, as offered by companies like BHHSVail and PMI Vail, include dynamic pricing, credit card fee management, and concierge services, ensuring a seamless experience for both owners and guests.
For those opting for more basic services, fees can be lower, often ranging from 10% to 20% of the rental income. However, additional costs may apply for specific services such as cleaning, repairs, or design enhancements. Owners must also comply with local regulations, including obtaining necessary licenses and remitting lodging taxes, which can add to the overall cost of managing a short-term rental property.