Airbnb & VRBO Performance in Frisco Colorado.

Short-Term Rental Regulations in Frisco, Colorado for 2024

License Cap and Waitlist

• The Town of Frisco has a cap on short-term rental licenses, limiting them to 25% of the residential housing units, which translates to a maximum of 900 licenses.
• Due to reaching this cap, a waitlist system is in place for new license applications, with an estimated wait time of 6-9 months and a non-refundable $25 waitlist application fee.

License Application and Renewal

• Each short-term rental unit or property must have a short-term rental license.
• The annual renewal period for STR licenses is from February 20 to April 30, with a renewal fee of $250. Licenses expire on April 30th and must be renewed by this date to avoid expiration.

Taxes

• Short-term rental license holders are required to remit all applicable taxes, with a total tax rate of 15.725% for each booking.

Parking and Life Safety Requirements

• A parking plan must be submitted with the application, showing the allowable parking spaces.
• A life safety affidavit must be submitted, attesting to various safety requirements, including providing renters with an information notice that includes address, emergency information, and other relevant details.

Guest Information and Safety

• Renters must be provided with an information notice in a highly visible location, including address, emergency information, and other necessary details.

Complaints and Violations

• The Town of Frisco has a 24-hour Short-Term Rental complaint hotline to report non-emergency issues such as parking, noise, trash, or occupancy-limit violations, or to report a suspected unregistered short-term rental property.

Appeals Process

• An applicant or licensee may appeal a denial, suspension, or revocation of the STR property license to the Town Manager, with the right to a hearing within five working days of the denial, suspension, or revocation.

General Compliance

• Short-term rental license holders must comply with all regulations to ensure a safe and pleasant experience for guests and neighbors.

High-Revenue Neighborhoods for Airbnb in Frisco, Colorado

Neighborhoods Generating Significant Airbnb Revenue

1. Areas Near Ski Resorts

• These neighborhoods, particularly those with direct access to ski lifts, are highly sought after by winter sports enthusiasts. The proximity to Copper Mountain Resort and Breckenridge Ski Resort makes them ideal for guests looking for convenient ski-in/ski-out access.

2. Center Village

• This area is popular due to its numerous dining and entertainment options, making it convenient and appealing for visitors seeking both leisure activities and ease of access to amenities.

3. Neighborhoods Close to Hiking Trails and Biking Paths

• These areas offer year-round appeal for guests interested in outdoor recreation. The proximity to trails and paths ensures that properties can capitalize on both winter and summer tourist markets.

Why These Neighborhoods Are Appealing

• Convenience and Accessibility: Neighborhoods near ski resorts and Center Village offer easy access to key attractions, making them highly desirable for guests.
• Outdoor Recreation: Areas close to hiking trails and biking paths cater to guests who enjoy outdoor activities, providing a consistent stream of visitors throughout the year.
• Amenities and Comfort: Properties in these neighborhoods often feature amenities such as hot tubs, outdoor spaces, and cozy fireplaces, which enhance the guest experience and provide a relaxing and enjoyable stay.
• Local Events and Attractions: Frisco's vibrant community, with events like the Frisco BBQ Challenge and cultural festivals, ensures there is always something for visitors to enjoy, further increasing the appeal of these neighborhoods.

Furnishing and Design Tips for an Inviting Airbnb in Frisco, Colorado

Understanding Frisco's Unique Style

• Rustic Mountain Aesthetics: Incorporate natural wood finishes, stone accents, and earthy color palettes to complement the mountainous surroundings.

Key Features and Amenities

• Hot Tubs and Outdoor Spaces: Include hot tubs for relaxation and outdoor spaces like balconies or patios to enhance the guest experience and provide scenic mountain views.
• Cozy Fireplaces: Install fireplaces to create a warm and inviting atmosphere during the colder months.

Furniture and Decor

• High-Quality, Durable Furniture: Invest in stylish and durable furniture that reflects the comfort standards guests expect from a premium rental.
• Modern Touches with Traditional Designs: Blend modern elements like sleek appliances with rustic furniture to create a unique and appealing atmosphere.
• Plush Textiles and Handmade Decor: Use plush textiles and handmade decor to make the space cozy and inviting.

Neighborhood Considerations

• Proximity to Ski Resorts and Outdoor Activities: Choose neighborhoods near ski resorts or hiking trails to capitalize on both winter and summer tourist markets.
• Center Village Area: Consider the Center Village area for its convenience and access to dining and entertainment options.

Additional Amenities

• Smart Technology and Upscale Kitchenware: Incorporate modern amenities such as smart technology and high-quality kitchenware to improve the overall guest experience.
• Game Rooms and Fully Stocked Kitchens: Include amenities like game rooms and fully stocked kitchens to cater to large groups and families.

Local Design Elements

• Mountain-Themed Artwork: Use mountain-themed artwork and natural elements to emphasize the area's outdoor vibe and create a serene atmosphere.

Guest Preferences

• Pet-Friendly and Family-Friendly Options: Offer pet-friendly and family-friendly amenities, such as high chairs, travel cribs, or strollers, to cater to a broader range of guests.
• Cleanliness and Location: Ensure the property is meticulously clean and well-located to meet guest expectations.

Compliance with Local Regulations

• Life Safety Affidavit and Information Notice: Ensure compliance with Frisco's short-term rental regulations, including providing an information notice with emergency details and adhering to life safety requirements.

Discover Frisco, Colorado: Local Attractions and Insider Tips

Main Attractions

Frisco Historic Park and Museum

• Explore 11 historic buildings, including a teepee, schoolhouse, and jailhouse. The museum features artifacts, interactive exhibits, and information about Frisco's history. Admission to the historic park is free.

Frisco Adventure Park

• Offers year-round activities: tubing hill, beginner ski/ride hill, Nordic center with cross-country skiing and snowshoe trails in winter. In summer, enjoy biking trails, a skate park, bike park, and a 27-hole disc golf course.

Frisco Bay Marina

• Located on Dillon Reservoir, offering pontoon boat, kayak, paddleboard, and sailing rentals. Perfect for a day on the water with stunning views.

Frisco Nordic Center

• Features over 27 miles of trails for cross-country skiing and snowshoeing. Rentals and lessons are available for both activities.

Main Street of the Rockies

• Downtown Frisco's Main Street is lined with colorful shops, restaurants, and local breweries. Ideal for a leisurely stroll and exploring local culture.

Outdoor Activities

Hiking and Running

• Access numerous trails, including those at Mount Royal and the Peninsula Recreation Area. The Summit County Rec Path runs through the town and offers scenic routes for biking, running, and walking.

Cycling

• Rent a bike and explore the Ten Mile Canyon National Recreation Trail or the paved recreation paths around Frisco.

Water Sports

• Enjoy kayaking, canoeing, paddleboarding, or sailing at Dillon Reservoir. Fishing is also a popular activity.

Scenic Drives

• Explore scenic drives such as Boreas Pass, Guanella Pass Byway, Hoosier Pass, Loveland Pass, and the Top of the Rockies Byway.

Special Events

Frisco’s Fabulous 4th of July

• Celebrate with a fishing derby, doggy parade, marching band, and live music events.

Colorado BBQ Challenge

• A weekend event featuring a BBQ cook-off, free concerts, street performers, and a whiskey tour.

BrewSki

• A fun event combining skiing, snowshoeing, and locally brewed beer. Participants often wear costumes.

Wassail Days

• In early December, enjoy free samples of hot spiced cider from over 50 local businesses to usher in the winter season.

Insider Tips

Local Dining

• Visit Rocky Mountain Coffee Roasters for breakfast and Butterhorn Bakery and Cafe for lunch. Frisco also boasts two breweries, two distilleries, and two coffee roasters.

Shopping

• Explore the quaint shops along Main Street and Summit Boulevard for unique gifts, outdoor gear, and local artwork.

Nearby Ski Resorts

• Frisco is within 30 minutes of six world-class ski resorts, including Breckenridge, Copper Mountain, Keystone, Loveland, Arapahoe Basin, and Vail.

Pet-Friendly Activities

• Many events in Frisco are dog-friendly, including the Frisco Mardi Gras 4Paws dog parade and the L.A.P.S. K94K Run + Walk.

Additional Recommendations

Hot Air Balloon Ride

• For a unique perspective, take a hot air balloon ride over Frisco and enjoy the breathtaking views.

Chuck Wagon Rides and Sleigh Rides

• Experience a quintessential Wild West adventure with chuck wagon rides or horse-drawn sleigh rides.

By sharing these attractions and insider tips, you can help your guests make the most of their visit to Frisco, Colorado.

Practical Tips to Run a Successful Short-Term Rental Business in Frisco, Colorado

To ensure a successful and compliant short-term rental business in Frisco, Colorado, several key practices should be implemented:

Noise Regulations and Guest Information

Inform your guests about the quiet hours and noise regulations in Frisco to avoid complaints and potential fines. Include this information in both digital and physical house manuals to ensure clarity. Frisco has a 24-hour complaint hotline for issues such as noise, so it is crucial to set clear expectations for your guests.

Comprehensive House Manual

Create a detailed digital and physical house manual that includes essential instructions, Wi-Fi passwords, and other pertinent information. This manual should also outline emergency contact details, the location of safety equipment, and any specific rules or regulations for the property.

Simplified Check-in Process

Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. This not only enhances guest convenience but also reduces the administrative burden on property managers. Ensure that guests receive clear instructions on how to use the smart locks and any other smart home devices.

Parking Instructions

Provide detailed parking instructions, including photos or illustrations, to help guests understand the available parking spaces. This is a requirement for the short-term rental license application in Frisco, and it helps in managing parking issues that could lead to complaints.

By adhering to these tips, you can create a smooth, compliant, and enjoyable experience for your guests, while also maintaining a positive relationship with your neighbors and the local community.

Here is a brief list of house cleaning, repair, and maintenance providers in Frisco, Colorado:

Exclusive Cleaning and Restoration

• Provides residential, commercial, and vacation rental cleaning services.
• Specializes in carpet, tile, granite, upholstery, and mattress cleaning.
• Offers move-in/move-out cleans, deep cleans, construction clean-ups, and more.

Exclusive Cleaning Summit

• Focuses on vacation rental cleaning, including seasonal deep cleans and maintenance packages.
• Offers additional services such as linen and laundry services, trash removal, and restocking household supplies.

Cleaning Management

• Specializes in cleaning owner-managed vacation rental properties.
• Provides full-service cleaning and property management services in Summit County.
• Known for consistently superior service and a fully trained staff.

Summit Executive Cleaning

• Offers premier cleaning and maintenance services for vacation rentals and commercial properties.
• Provides real-time staff updates, complete linen and supply provision, and guaranteed quality service.
• Also offers on-demand concierge trash removal and reports any damage or maintenance issues immediately.

Short-Term Rental Management Fees in Frisco, Colorado

In Frisco, Colorado, the management fees for short-term rentals can vary significantly, typically ranging from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management companies, which handle guest communication, marketing, and maintenance, usually charge on the higher end of this spectrum. For example, a company like Rocky Mountain Resort Management might charge around 25% of the adjusted gross rental income for comprehensive services, including promotion, cleaning, and maintenance.

Basic service packages, which may only include essential services like reservation management and check-in/check-out, tend to be less expensive. Additionally, property owners may incur extra fees for services such as cleaning, repairs, and design upgrades. These fees can add up, with costs like $79 per reservation for housekeeping services or hourly rates for after-hours maintenance. Understanding these fee structures is crucial for property owners to manage their expenses effectively and ensure a profitable short-term rental operation.