How We Helped A Relocated Colorado Owner Make $6.7K/mo.
Background
Craig is a veteran who used to live with his family in this beautiful property in Woodland Park, a calm area northwest of Colorado Springs.
In 2023, he relocated to Alaska due to a new full-time occupation, which left this 3-bedroom, 2-bathroom property vacant.
Located minutes from downtown Woodland Park, the property offers easy access to cute local restaurants, parks, and shops. With only 12 miles to the entrance of Pike’s Peak and 19 miles to downtown Colorado Springs, this place is perfect for adventurous hikes or a retreat from the hustle and bustle of daily life while having convenient commutes to work.
"Since I was leaving Colorado, I needed someone who could handle everything for me for most of the year, and that's what Kelsie and Erin at DreamBnB helped me with"
The challenge:
While he lived here, he’d short-term rented parts of the house on Airbnb, with great success. But when when he and his wife knew they would relocate, there were a few concerns:
How would they manage the property from 3,000 miles away?
Paying the mortgage out of pocket wasn’t sustainable, but should they continue renting it out short-term or simply sell it?
If they’d keep it, how could they keep up with guest inquiries when Craig had a new full-time job?
Most importantly, how could they ensure their beloved family home didn’t become a stressful burden and a second job?
When Craig was looking at rental managers, he quickly realized that most companies operated like large corporate machine that wouldn’t provide the end-to-end service service and personal support Craig needed from Alaska.
After we got in touch and looked at the details of how his property could perform throughout the year, he realized that the smartest financial decision was to keep the property as a long-term investment and short-term rent it out.
Our Solution
Because of the long distance, he needed an all-in-one solution that would take all the management off his plate and provide such strong results that it made sense financially.
With our service, Craig has kept the house as a passive investment that covered his mortgage and provided an average of $6.7K in extra monthly income.
Once you experience Dreambnb’s services, our 25% commission quickly becomes a no-brainer. You’ll have a dedicated property manager who you know by name and who becomes an extension of your team, handling every detail and helping you maximize your property’s potential. With our personal approach and focus on increasing your revenue, we go far beyond what large-scale management companies offer.
Here’s everything we’ve done for Craig in the last 18 months:
✓ Staging & Listing
We arranged a professional photoshoot and wrote compelling descriptions to highlight Craig’s property for the right guests. We also set up digital locks connected to Wi-Fi, security cameras, and other smart features.
✓ Marketing & Bookings
We listed the property on major platforms like Airbnb, VRBO, and Booking.com while syncing the calendar across all channels.
✓ Income Optimization
We track the market conditions and update your listings to keep your property lucrative throughout the year.
Using a hybrid short- and mid-term rental model, we match the property with the right guests for each season.
✓ 24/7 Communication
We handle all communication with your guests from check-in details, booking updates, questions, and reminders to leave a review.
“I knew that if I let you guys rent it out I could both pay down the mortgage and earn extra income on top of it while you took care of the work. That made the decision pretty easy.”
✓ Increased Insurance
We provided more coverage than Craig had in the past, meeting the required standard for short-term rentals year-round.
✓ Hosting Flexibility
With our Full-Service Management, Craig had the flexibility to use the property himself whenever he wanted without disrupting operations.
✓ Maintenance & Support
We took care of all maintenance required to keep the property rental-ready. During check-ins, we ensured everything was working properly and handled any repairs right away, keeping the property in better condition than with a typical long-term tenant.
✓ Cleanings & Check-Ins
We coordinated all cleanings between stays through a professional who follows Airbnb’s 5-step enhanced cleaning process.
We also checked in on the property every other day, restocked supplies, and covered any last-minute contingencies.
Results & Conclusion
Craig has now lived in Alaska for over 18 months, focusing fully on his work, family, and other responsibilities there, while his rental has consistently generated strong revenue.
Owner Payouts
In 2024, Craig averaged $6.7K per month in owner payouts, with a high of $12.2K in July and a low of $4.1K in February.
Every month, we provided a financial report and property updates to keep an open line of communication.
Your Next Steps
Just like Craig, you deserve to see what’s possible for your property before you consider partnering with us.
Take a minute and get a free rental projection from our CFO Erin
right here. Then you’ll see the if the numbers for short-term renting make sense for you.
If they do, and we’d be a good fit, we’ll show you how we can help you manage your property.
“Things have run very smoothly with the house ever since we started, as long as I’m staying in Alaska I’ll keep working with you to rent it out”.