Kate Barney fielded a call from a local property manager a few years ago: Would she rent her family’s home in downtown Crested Butte to vacationers for the summer? The offer was huge — almost eight months of mortgage payments.
“These people are paying top dollar,” said Barney, who manages properties with her general contractor husband, allowing them to move their family to different houses.
Now, their home is typically booked for the entire summer by mid-March, as are many of the more than 250 vacation rental homes available in the Crested Butte area listed on websites such asVRBO.com, HomeAway.com, Airbnb.com andflipkey.com.
Crested Butte is one of the 10 fastest-growing markets in the nation for short-term rentals, according to HomeAway, the online Goliath in the vacation rental market. Read More