3 Vacation Property Managers in Boulder, CO, USA

About the Boulder Short-Term Rental Market

Boulder, Colorado has emerged as a premier destination for short-term vacation rentals, attracting visitors from around the world who seek to experience the city's vibrant culture, stunning natural beauty, and abundant outdoor recreation opportunities. The short-term rental market in Boulder has seen significant growth in recent years, driven by the increasing popularity of platforms like Airbnb and VRBO, as well as the city's thriving tourism industry.

According to data from AirDNA, a leading provider of short-term rental market intelligence, the Boulder short-term rental market has experienced a steady increase in both the number of active listings and occupancy rates. As of 2023, there were over 1,200 active short-term rental listings in the Boulder area, with an average occupancy rate of 65%. This strong demand has led to a highly competitive market, with property owners and managers vying for the attention of potential guests.

Performance Benchmarks for Boulder Vacation Rental Managers

The performance of vacation rental managers in Boulder can be evaluated using a variety of metrics, including average daily rate (ADR), revenue per available room (RevPAR), and occupancy rates. According to AirDNA data, the average ADR for short-term rentals in Boulder is $250, with a RevPAR of $162. The average occupancy rate for the market is 65%, indicating a healthy level of demand.

When compared to the broader Colorado vacation rental market, Boulder's performance is particularly strong. The state's average ADR is $215, with a RevPAR of $145 and an occupancy rate of 68%. This suggests that Boulder's vacation rental market is outperforming the state average, likely due to the city's unique appeal and the high-quality offerings of its property management companies. (For more detailed market overview information, please refer to the Market Overview section.)

How Competitive is the Boulder Property Management Market?

The Boulder property management market is highly competitive, with a diverse array of companies vying for the attention of short-term rental owners and investors. This competitive landscape has led to a focus on innovation, customer service, and specialized expertise, as property management firms strive to differentiate themselves and provide the best possible experience for their clients.

According to a recent analysis by Evernest, a leading real estate investment and property management firm, there are over 20 property management companies actively serving the Boulder market. These companies range from large, established firms with a national presence to smaller, locally-focused operators. The level of competition has driven these companies to offer a wide range of services, including marketing, accounting, maintenance, and guest services, in an effort to attract and retain clients.

Key Players in the Boulder Rental Market

Some of the key players in the Boulder short-term rental management market include:

PMI Flatirons Group: A full-service property management company that offers a comprehensive suite of services, including marketing, accounting, and guest services, for both short-term and long-term rentals in the Boulder area.

SkyRun Vacation Rentals: A leading provider of vacation rental management services in Boulder, with a focus on optimizing rental performance and providing exceptional guest experiences.

Effortless Stay: A rapidly growing vacation rental management company that recently expanded its operations to include Boulder, offering a turnkey solution for short-term rental owners.

Evernest: A national real estate investment and property management firm that has a strong presence in the Boulder market, providing a range of services to both short-term and long-term rental owners.

These companies, along with several other local and regional players, have helped to shape the Boulder short-term rental market, driving innovation, improving service quality, and ensuring that property owners and investors have access to a wide range of high-quality management options.