Stricter short-term rental rules passed four years ago by Aspen and Pitkin County are achieving their stated aims of limiting the vacation-rental marketplace, while also raising questions about the programs’ fitness, adaptability and unattended consequences.
Aspen Journalism’s analysis of active short-term rental (STR) permits issued by the city of Aspen and Pitkin County shows a 9% decline in the total number of permits registered with the two local governments combined from 2023, when an earlier Aspen Journalism analysis showed they had issued about 900 permits in the first six months of their programs. The county alone saw a 29% drop in the number of licensed properties in the past three years and a 62% decline from preregulation years.
Local governments have passed STR policies in response to accelerating residential construction, environmental impact and socioeconomic concern. Those concerns became more evident during the COVID-19 pandemic, which spurred increased interest in mountain-town real estate.
“[The goals were established] during COVID, and so the county was reacting, our commissioners were reacting to residents’ concern,” said Jeanette Muzio, the former STR manager for Pitkin County, which charges thousands in annual licensing fees for most homes; permits only properties that started renting before 2022; and limits total rental nights. “So, one of the goals was to prevent entities from buying property just for the sole use of short-term rental and not really contributing to the community.”
In Aspen, city rules cap total STRs in residential areas and limit permit transferability, while Basalt recently implemented a $2,535 annual STR licensing fee. Snowmass Village, which like Basalt began requiring STRs to register and pay sales and lodging tax in 2023, maintains the most permissive STR regulations in the upper valley but recently increased its annual licensing fee to $400 annually and adopted stronger rules aimed at deterring STR guests from trespassing to reach the ski area.
Who is eligible, how much a permit costs and how many nights can be rented vary from one jurisdiction to another and from one permit type to another, but anyone who would like to rent their property for fewer than 30 days in Pitkin County, Aspen, Snowmass Village or Basalt is required to apply for an STR permit. The four local governments have approximately 2,500 active STR permits altogether, including 820 in Aspen and unincorporated Pitkin County.
The programs are subject to change. Aspen last year eased some of its rules around permit transferability in the event of death or divorce. Pitkin County is expecting a final report later this summer from a consultant who has been studying the STR marketplace, and county commissioners could potentially discuss amendments to rental history or other requirements, in an effort to keep the program sustainable. Across the board, administrators say they look for ways to streamline the application process.
About 16% of the 1.1 million visitors to Aspen in 2025 chose an STR unit for their lodging, according to the Aspen Chamber Resort Association 2025 Visitor Profile Study, released in May.
Aspen is seeing the results of permit attrition
The city of Aspen, which had been steadily increasing measures to track and collect taxes and fees from STRs since 2012, adopted more stringent regulations in June 2022 and began issuing permits under the new system in the fall of 2022. In the first six months of Aspen’s STR program, the city issued 790 permits, according to a 2023 Aspen Journalism analysis, but three years later, city data shows that the total number of permits has declined to 741, as of April 3.
The city splits its permits into three categories: lodging-exempt (STR-LE) permits, owner-occupied (STR-OO) permits and classic (STR-C) permits. The first two are not capped by zone district. A unit with an STR-OO permit cannot be rented more than 120 nights per year and the permittee must prove that the STR address is their primary residence. STR-C permits don’t cap the number of rental nights, but there are a limited number allotted for most zone districts.
As of April 3, city records showed a total of 663 active STR-C permits, 71 STR-OO permits and seven STR-LE permits. (The latter permits, which cover roughly 384 individual units, are for properties that contain at least 15 STR units, on-site management and at least three on-site amenities that are similar to what’s offered by traditional hotels.) The largest drop since 2023 was in the STR-C category, which lost 51 permits.
“That decline was intentional,” said Julie Zurliene, the city of Aspen’s STR support specialist, explaining that the city uses permit attrition to naturally reduce the number of STRs. The number of permits has been shrinking because they need to be renewed each year and cannot be transferred to a new owner in most cases.
When adopting the STR regulatory framework that passed in 2022 — after a moratorium on most residential construction implemented due to concern about increasing development and community impacts fueled in part by STR demand — the city evaluated different scenarios for setting STR caps. Aspen City Council chose to set the zone district caps 25% below the number of active permits in each zone district that existed under the previous STR permitting system. The goal was to strike a balance between allowing STRs that support Aspen’s bed base and reducing the number of permits in response to resident sentiment.
Any property with a valid STR permit in place before December 2021 that applied for a new permit in 2022 was approved, even if the property’s zone district exceeded its STR cap. Prior to 2022 changes, the city counted roughly 1,000 STR units that were not part of a property that could qualify as a lodge. The city does not cap STR-C permits in Lodging and Commercial Core zone districts.
“At the start of the program, there were several zone districts that had a number of active permits in excess of where the permit cap was established,” Zurliene said. And so it’s taken time for those excess permits to naturally fall off to where we’ve reached and then gone below the permit caps.”
Zurliene said this drop is due to applicants who have either not renewed their permits, switched to long-term rentals, decided not to rent anymore or sold their properties.
An example of permit attrition is the residential/multifamily (R/MF) zone district. In 2023, the zone district had 235 STR-C permits while the permit cap was 190, making it the zone district with the most permits exceeding its cap. Since 2023, anyone who has applied for a permit in the zone district has been placed on a waiting list. As of May 15, that list stood at 55, with 187 active permits, plus three pending in R/MF.
“We’re losing an average of 20 permits per year and we’re adding an average of 12 permits per year to the waitlist,” Emmy Garrigus Oliver, manager of Aspen’s Lodging and Commercial Core Program, told City Council on Aug. 25 during a meeting concerning STR-C permits in R/MF.
The R/MF zone district, which has, by far, the most STR permits of any capped residential zone, is scattered across town, with the largest pocket located east of downtown core between Original Street and the Roaring Fork River. This zone district contains higher-density residential neighborhoods that bridge lower-density residential and commercial zones. It includes many condominium properties that have been used as STRs for decades and others that have traditionally accommodated long-term rentals or owner-occupied housing.
When implementing strengthened STR regulations, City Council discussed whether this zone should be treated like the adjacent commercial zones that don’t have permit caps. Elected leaders determined that the R/MF zone district was, first and foremost, a residential area and decided to implement a cap “to limit further market effect of STRs on property values and support council goals around affordable housing, lived-in community, and limiting impacts from STR activity,” according to a staff memo written in advance of the August 25 meeting.
Oliver said at the August meeting that about 31% of free market housing units in Aspen have an STR permit, when counting all the units covered by lodging exempt permits. In the R/MF zone, the proportion is 13.5% of free market units, down from 18% of R/MF units in 2022. Eighty-eight percent of the permits in R/MF are STR-C permits, almost 60% of which are studio or two-bedroom units.
Ten of the 55 waitlisted R/MF STR applications have been on the list since 2022, and 83% of the total list are in the area east of the downtown core, according to Oliver’s August 2025 presentation to City Council. One-third of those on the waitlist are new owners who applied for a permit after the regulations went into effect.
Ben Wolff, general manager at Frias Properties of Aspen, who helps manage hundreds of STRs in the city, said part of his job involves breaking down city regulations to prospective STR applicants.
“If somebody comes to me and says, ‘I bought a place [in the R/MF zone], what should I do?’ I say get on the waitlist, and typically I say it’s probably going to be two or three years,” Wolff said.
Zurliene said the city has just started offering permits to waitlisted applicants in R/MF in October of last year. “So, we’ve offered nine so far … . It’s been a slow burn, but it’s starting to happen,” Zurliene said. “And all nine of those were on the waitlist since October of 2022.”
Zurliene and Oliver said they regularly check in with waitlisted applicants to see if they’re still interested in a permit and if they still own the property. Twelve properties waitlisted for STR permits are currently operating as long-term rentals, according to their research.
“We did have a few that were in that top 20 [the first 20 people on the waitlist] — I believe two or three — that sold the property and left the waitlist as a result, but for the most part, those top 20 have been holding strong,” Zurliene said.
Program impacts debated
Although Wolff said he understands the city’s intent to reduce STRs in R/MF zones, he believes the waitlist shows that the zone’s permit cap is too restrictive. “If you look at the other zones that have a waitlist, the waitlists are like less than five people. Sometimes zero. And as of mid-May, the R/MF zone is 55 people. So, that tells me that the cap number maybe wasn’t set accurately if we’ve got 55 people on the waitlist … when all the other zones have a waitlist of less than five.”
He said he thinks the R/MF cap should be raised so that its waitlist is sitting similarly to other zones.
Wolff said most condo buildings in the R/MF zone typically have long vacation-rental histories. “And we’re now preventing owners [from renting] in those condominium buildings where all their neighbors around them are renting,” he said. “There’s no real impact to the building or the neighborhood because of these rentals, but we’re preventing them if a unit sells from being able to rent.”
Oliver said that reducing the number of existing STR permits by 25% in the 14 residential-serving zone districts was City Council’s desired outcome in 2022 and this 25% reduction was applied equitably across all 14 capped zone districts. “So it’s hard to comment on whether the cap is ‘accurate’ or not, though the city is committed to revisiting caps and adjusting them over time as future councils see fit,” she said.
She said the length of the R/MF waitlist is primarily due to the high number of permits above the established cap that were issued at the outset of the program. The heightened interest in short-term renting in the zone district is not surprising, perhaps, given its density and prevalence of unit types that are most likely to be used as an STR. Oliver noted that the city received 20 STR permit applications in the R/MF zone within the first two months that the caps became effective, which were all waitlisted.
“Now that the number of permits has dropped to the cap, we’re seeing significant movement of the permit waitlist in R/MF. Since October of 2025, on average, we’ve offered approximately one permit each month to the applicant in the top position on the R/MF waitlist,” Oliver said.
Last August, City Council discussed changing the cap in the R/MF zone but declined to do so, following staff’s recommendation that the caps were working as intended.
Councilmember Bill Guth said at that meeting that he finds it unfair that some units that were purpose-built to be STRs are being treated differently than those a couple of blocks away. “If you’re in Chateau Eau Claire or Chateau Roaring Fork [in the R/MF zone], you’re being treated very differently than if you’re in Chateau Dumont or Chaumont [in the Lodging zone],” Guth said. “They were built for the same purpose by the same developer to very similar buyers and they had certain expectations, and they’re being treated very differently now.”
Aspen Community Development Director Ben Anderson pushed back. “Without a doubt, many of them were developed as vacation-focused properties, but we’ve also got patterns of fairly significant local usage over time,” he said. “Within the same building, it’s a total mix.”
Aspen Mayor Rachel Richards said she wasn’t interested in loosening R/MF permit caps, noting that those on the waitlist are still eligible for an STR-OO permit or they can rent long term. “Long-term rental was the next priority,” she said. “I don’t want to change it so that it all will become STRs.”
Although City Council didn’t increase the STR-C permit caps, it approved Ordinance 8 on Nov. 18. The ordinance included several updates to the program, such as allowing an STR permit to be transferred in the event of a permittee’s divorce or death, and if the property is passed on to a next of kin who has at least 10% ownership interest in the property. Previously, STR permits in Aspen weren’t transferable in any case.
Wolff said he’s glad the city made these changes. He shared an example of how the nontransferability of these permits used to impact families.
“The patriarch of a family had a condo in Aspen for 50 years, rented it the entire time, had a permit in place, passed away and then his children, his heirs, could not, they actually ended up selling the condo because they couldn’t afford to keep it if they weren’t offsetting the cost with rental revenue,” Wolff said. “To me, that wasn’t really the spirit of the program — to penalize a family because of a short-term rental permit and the inability to transfer. I completely agree that they shouldn’t transfer in any sale, but divorce, death, that seems like that’s not really the intent.”
Another recent change in STR regulations in Aspen brought by Ordinance 8 is the creation of a temporary permit, which allows new property owners to maintain STR reservations made by the previous owners for up to 90 days from the date of issuance after a property’s sale.
“Brokers and property managers would come to us saying, ‘Well, this property owner wants to sell, but they have all of these reservations made. The new owner doesn’t want to lose all these reservations.’ And we would have to go ‘Sorry,’” Zurliene said.
The city is also no longer requiring Homeowners Association affidavits for renewal permits.
In addition to the changes brought by Ordinance 8, the city on June 1 launched a new website for STR applications, which is intended to be more user-friendly. The city has also contracted with a third-party scraping website, which will help provide data on occupancy, pricing and compliance monitoring.
“It’s pretty exciting that we just brought the program online in 2022 and there at the end of 2025, we already made changes to the code to respond to things that we just couldn’t have anticipated when we implemented the program,” Oliver said. “So that’s been really exciting getting all that customer feedback and compiling it into that ordinance and hearing City Council support and largely the STR community support for it.”
Wolff said Frias had to put more resources toward the process but that they’ve adapted. “I call it a partnership in a way with the city, and I have an open dialogue with them, and they recently listened to not just some of my suggestions but others as well in the community and made some mostly administrative changes that made it a little easier on us operators,” Wolff said. “It’s been a collaborative effort, and I think everyone’s goal is to have the program working the way it’s supposed to. And I think, for the most part, it is.”
Donnie Lee, general manager at The Gant in Aspen, which has a STR-LE permit and consists of 140 condominiums that are operated similarly to a hotel when not being used by their owners, said he would like the city to revisit how taxes are assessed on STRs.
In 2022, city voters approved a 5% STR excise tax on STR-LE and STR-OO units and 10% tax on STR-C units, which went into effect in May 2023, to fund affordable housing efforts, environmental initiatives, and capital repair and maintenance needs. This brought the aggregated tax rates — including the 10.35% sales tax, 2% lodging tax and the additional STR excise tax — up to 17.35% for STR-LE and STR-OO units, and 22.35% for STR-C units. Stays at traditional hotels are taxed at 12.35%.
“We’ve created a tax inequity,” Lee said. “Every community acknowledges that there’s a huge impact to this rent-by-owner model. … So I get that standpoint, [but] we all kind of get pulled into that mix.”
Lee thinks the extra tax on STRs is unfair, especially for properties that have always been used as such.
“You’ve got properties … [that] were residential in nature, and all of a sudden, people are buying them. That’s the problem. [But] you’ve got other condominium properties that they’re all second homes. Some of them rent, some of them don’t, but they were set up always [that way], and they’ve been doing it for 40 years. So, that’s not where our issues are,” Lee said. “You end up penalizing areas of the community that don’t need to be penalized.”
Pitkin County considering changes to its STR regulations
Pitkin County is expected to discuss tweaking its STR program later this summer.
The county adopted its own set of rules on STRs located in unincorporated Pitkin County in 2022. In the past three years, the county has lost more than one-fourth of the STR permits that were filed in the first six months of its program. As of April 21, Pitkin County counted 79 active STR permits, including 55 “seasonal” permits, which allow property owners to rent their units between 61 and 120 nights a year; 11 “limited” permits for 21 to 60 rental nights; and 13 “otherwise limited” permits for up to 20 rental nights. Properties in Redstone’s Village Commercial Zone District can rent up to 180 nights; only four properties in Redstone have a permit. That countywide total is down from the 111 permits on file in April 2023, with a loss of 19 seasonal permits, and down from the 206 STRs found in a consultant’s study prior to county regulations. (Counties did not have the authority to regulate STRs until the passage of a 2020 state law).
According to Muzio and Pitkin County Community Development Deputy Director Nicole Rebeck-Stout, the main reasons for the drop in permits are that the property owner felt that the licensing fees were too high, they decided to stop renting or they moved from short-term to long-term rentals. This perspective was backed up by a preliminary report from the consulting firm Economic & Planning Systems (EPS), which is expected to release a final report in August that will inform discussions about potential amendments to the county’s STR regulations.
Regulations have also been designed to limit the applicant pool as properties that cannot show a history of STRs between May 11, 2017, and May 11, 2022, are ineligible.
“And that was intended to keep the number small,” Muzio said. “That was the purpose of the short-term rental code. But now that it’s getting further away, there’s people who have moved, sold, etc. And [there are new potential applicants] not able to get a license because they don’t meet that basic requirement.”
STR application fees in Pitkin County vary based on the 2022 valuation of the property and the number of nights that applicants want to rent their property. The 2022 valuation is multiplied by 0.05% (otherwise limited), 0.06% (limited) or 0.07% (seasonal). The owner of a $4 million property, for example, would need to pay between $2,000 and $2,800 in application fees each time they renew their annual permit.
This fee structure differs from Aspen and Snowmass Village, each of which has set up an annual flat fee of $394 for most permits (or $148 for STR-LE permits) and $400, respectively.
Muzio explained that the county’s fee structure based on valuation was chosen in 2022 to make it equitable and align to the wide range of property values in the county.
“You have Redstone, which is [where] you have your typical nightly rentals, oftentime a room in a home, versus a whole house on an entire property on Red Mountain,” she said. “We’re still using 2022 as a baseline property value because if we were to use current, it would turn the whole program upside-down” as property valuations increased dramatically in 2023.
Muzio said that for seasonal permits, which carry the highest fee, the cost averages out to what the property owners are charging for one-and-a-half nights of rent.
According to the EPS report, 30 code-enforcement cases were opened in 2025 regarding STR violations. Three were closed as they were fake listings and five submitted a STR application as a result of notices of violations, bringing them into compliance.
Muzio said that the two most common violations are operating without a license and exceeding the number of allowed nights. She added that luxury properties that aren’t on the main rental sites are harder to track down because most STR monitoring software scrapes data from sites such as Airbnb or VRBO and not from websites tailored to individual properties or a smaller segment of properties.
Rebeck-Stout said the program’s goal was to limit STR use in Pitkin County, and now that the objective has been met, the county is looking at its sustainability and relevance to the market through the impact study. Staff and EPS are finalizing their reports and recommendations, which is scheduled to be presented to the county commissioners on August 18.
“I think the 2017-to-2022 STR [rental] history was useful for the vintage the program was created, and looking forward, [we’re asking] what regulating STRs in Pitkin County [should] look like. We think it’ll look different and we’ll see what the board authorizes us to proceed with,” Rebeck-Stout said.
County commissioners on Nov. 12 discussed some ideas that they would like to see examined by the impact study, including amending the rental history requirement and setting a cap instead.
“I would like us to seriously look at that clause because I think it’s discriminatory and sort of not valid at this point,” Commissioner Francie Jacober said in the November meeting.
Commissioner Patti Clapper suggested that the county could open up the program to people who have owned their home for a certain amount of time.
“So, it wasn’t somebody running in buying a place because they knew they could apply for short-term rental,” she said. “That way, we would be facilitating people who had some vested interest in the community and longevity here.”
Other municipalities have set up their own programs
The towns of Snowmass Village and Basalt enacted their own STR regulations in May 2023 and January 2023, respectively.
Snowmass counts 1,445 STR licenses and 209 pending permits as of May 27. “It is peak renewal time, and we have 209 pending permits that are waiting on final approval from our finance department. Our total number is around 1,654, counting the pending permits,” said Sara Nester, community development code compliance manager for Snowmass Village.
Among the 1,445 already approved permits, 905 are multifamily units organized as condo-lodges (Type 2) such as Timberline and Crestwood, while 413 are multifamily units or condos without a centralized management system (Type 3) such as the Seasons 4 and Woodbridge developments. Snowmass has 120 permits for single-family homes and duplexes (Type 4) and seven for hotels (Type 1).
This means that 91% of the STRs in Snowmass Village are condo properties and about 57% of the condos in Snowmass Village have an STR permit, according to an analysis of Pitkin County Assessor’s Office data.
Snowmass doesn’t have any caps, nor does it require evidence of prior rental history. Anyone who owns a property in Snowmass Village and wishes to use it as an STR can do so by applying for a permit and paying $400 per unit and $85 for a business license. Hotels also need to get an STR permit.
“They really just wanted to gather an inventory of who was short-term renting their property. So if there was a noise complaint or some type of issue, we would know who to reach out to and we could kind of keep record of that and have more of a compliance program around short-term rentals,” Nester said. “So just really an inventory, which I think that we have been successful with and compliance has been better.”
Nester said that the STR permitting program is a starting point. “Council wants to see how it’s going. I’m sure there will be more discussion around that when we go through these code changes,” she said. “We don’t have any plans to cap STRs at this time, but it could be a future conversation.”
Snowmass Village in December approved changes that simplified its permitting process by having all permits expire every year on April 30; increased the permit fee to $400 from $300; and classified trespassing as a major violation to deter STR guests from accessing private property to reach ski areas.
As of May 28, Basalt has 29 STR permits, about half of which are for single-family homes. Last year, it was reported that the town had 43 active licenses in 2024. On June 1, 2025, Basalt’s new annual permit fee of $2,535 took effect, which could explain the 32% drop in STR permits. Asked to comment on this decline, Jenny Aragon, Basalt’s senior accountant, said the town is still gathering information and will review this information with City Council later this year.
A look into what properties are being used as STRs
Aspen Journalism’s analysis of the Aspen STR permits and Pitkin County assessor’s data shows that most properties in Aspen with an STR permit are condo properties. They make up about 70% of the city’s 741 licenses (and up to 80% of the licensed units if individual STR-LE units are counted).
Although the city doesn’t collect information on property type, its permit data includes square footage and the number of bedrooms. (The city also requires applicants to identify the owner or owner’s representative, and a primary contact for each unit.) Zurliene said the majority of the city’s STR-C permits are in the two- to three-bedroom size. About 15% of STR-C permits are four bedrooms, 10% are five to eight bedrooms and about 9% of the STR-C permits don’t have data on the number of bedrooms.
Oliver said that since the city is more densely populated and has a higher number of smaller units, it makes sense that this gets reflected in the STR composition. “With the city’s program, we really wanted STRs to be an addition to the lodging stock that we have in town,” she said. “We know that STRs have been historically used as an alternative to hotels for families that want to stay together and want to have a kitchen in their place but also want to stay in town.”
This contrasts with Pitkin County, where 80% of licensed STR properties are single-family homes, representing less than 2% of the county’s single-family properties. The county has only 10 STR licenses for condos, making up 3% of all the condos in unincorporated Pitkin County.
“I think it’s just the nature of the development patterns in the region. The dense condo development is typically in the municipalities where there’s services and density,” Rebeck-Stout said.
Half of the properties with an STR permit in unincorporated Pitkin County are valued at roughly $4 million or less, and 28% of the 79 properties with an active permit are worth at least $10 million — the highest being Elk Mountain Lodge with a 2024 valuation of $84.5 million located near Ashcroft. The 53-acre property, owned by billionaire Bill Koch, is on the market for $99 million, with an auction sale from July 7-17.
According to EPS’s presentation of its preliminary findings to county commissioners in November, three-fourths of Pitkin County’s STRs are near Aspen or the Highway 82 corridor, with higher concentrations in areas including Red Mountain, Woody Creek, Old Snowmass and Brush Creek. EPS also shared rental-pricing data for upcoming dates as advertised in 2025.
EPS’s analysis of listings on VRBO and Airbnb found that for the New Year’s week of 2025-26, the average nightly rate in Pitkin County reached $4,812 and the median was $3,559. Twenty-two properties had rental rates exceeding $10,000 a night and two more than $30,000. The average and median rates went down to $3,606 and $1,887, respectively, during the off-peak winter week of mid-January, but 15 properties were still renting above $10,000. For this past Fourth of July week, which is considered the summer peak, the average price reached about $5,504 a night, nearly two-and-a-half times the median price of $2,239. This means higher-end properties are pulling the average far above the median. Sixteen properties are renting above $10,000, three above $20,000 and one above $30,000 during summer peak. EPS also analyzed data from luxury rental sites Cuvee and Sotheby’s and reported a median per night price of $7,292 and an average of $11,724 for all seasons combined, including an outlier property that charges up to $60,000 a night.
Data shows that 57 properties that had a permit in 2023 do not have one in 2026. Of these 57 properties, 22 had a valuation of less than $2 million and 10 of at least $10 million. The 2026 data also shows that 25 properties that currently have a permit weren’t licensed in 2023. Of these 25 new licensed properties, seven are valued at less than $2 million and eight at least $10 million. This means that eight out of 10 homes valued at more than $10 million have been replaced, while new inventory has come online for only three of 10 properties valued under $2 million that fell off.
According to preliminary data from the city, which has been using new scraping software since February that primarily assists with compliance, the highest daily rate went from $1,651 in October to $1,926 in January. Although a comprehensive pricing analysis is not available at this time for Aspen, the city’s sales and lodging tax report from December shows that STR-C properties reported about $41.6 million in taxable sales (or an average of $63,000 per unit), while STR-LE and STR-OO generated $34.5 million (about $5 million per lodge) and $1.8 million in taxable sales (about $25,000 per unit), respectively, from January 2025 through December. The three permit types combined made almost $78 million in taxable sales, while hotels brought in $175 million.
EPS found that unincorporated Pitkin County’s STRs have a lower occupancy rate than those in nearby towns. Its STR occupancy averaged at around 30% between 2018 and 2023, while it reached 34% in Aspen, 47% in Snowmass Village and 52% in Basalt.
Wolff, who mostly works with condos, said larger single-family homes in the luxury market tend to work a bit differently as they see longer stays over 30 days and owners may supplement these long-term stays with a few short-term stays around the busier times, such as the holiday season or a few weeks in the summer.
“There’s some homeowners that don’t want to rent short term. They want a highly vetted individual that can afford to pay the monthly rate that is going to take care of their home,” he said. “And [the broker has] probably been tasked with trying to find one or two rentals in the summer, one or two rentals in the winter, and then, you know, if it doesn’t rent every day, it’s OK.”
The city of Aspen and Pitkin County both contribute to Aspen Journalism with grants supporting community nonprofits. Aspen Journalism is solely responsible for its editorial content.
