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 tranquil mountain town northwest of Colorado Springs.
In 2023, he relocated to Alaska for work, 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. Only 12 miles to the entrance of Pike’s Peak and 19 miles to downtown Colorado Springs, property was perfect for guests to enjoy adventurous hikes or a retreat from the hustle and bustle of daily life.
“When I had to move out of Colorado, I needed someone I could trust to take care of everything back home. Kelsie and Erin at DreamBnB stepped in and made the whole process stress-free. They handled it all when I couldn’t be there.”
The challenge:
While living in the home, he’d successfully rented parts of it on Airbnb. But once he and his wife prepared to relocate, several concerns came up:
How could they manage the property from 3,000 miles away?
Paying the mortgage out of pocket wasn’t realistic. Should they keep renting it short-term or just sell?
If they kept it, how would they stay on top of guest inquiries while Craig started a new full-time job?
Most importantly, how could they ensure their beloved family home remained a blessing rather than becoming a stressful burden and a second job?
When Craig began searching for rental managers, he quickly realized most companies operated like large corporate machines, offering little of the end-to-end service and personal support he needed from Alaska.
After connecting with our team and reviewing how his property could perform year-round, Craig saw that the smartest financial decision was to keep it as an investment and rent it out short-term with Dreambnb.
Our Solution
Given the distance, Craig needed a true turn-key solution that could fully manage his property while delivering strong financial results.
With DreamBnB, he has been able to keep the house as a valuable asset, covering the mortgage and generating an average of $6.7k in passive monthly income.
Because we’re a boutique company, we provide high-touch, dedicated attention to each property, which allows us to consistently maximize revenue. This level of partnership goes far beyond what large, corporate managers typically offer, giving you a high-performing rental that makes our 25% commission well worth it.
Here’s what we’ve accomplished for Craig in just 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.
✓ 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.
✓ Marketing & Bookings
We listed the property on major platforms like Airbnb, VRBO, and Booking.com while syncing the calendar across all channels.
✓ 24/7 Communication
We handle all communication with your guests from check-in details, booking updates, questions, and reminders to leave a review.
“I realized that by letting DreamBnB manage my home, I could pay down the mortgage and still earn extra income without having to do the work myself. That made the decision an easy one.”
✓ Increased Insurance
We provided insurance that covers damages caused by guests. And if something needs to be fixed, we’ll handle both the claim process and coordinate the repair.
✓ Maintenance & Support
We handle all maintenance to keep the property rental-ready. Before every check-in, we make sure everything is working properly and address and repairs right away- often keeping the home in better condition than with a typical long-term tenant.
✓ Flexible Hosting
With our Full-Service Management, Craig had the flexibility to use the property himself whenever he wanted without disrupting operations.
✓ Cleanings & Check-Ins
We coordinated with professional cleaners who follow Airbnb’s 5-step enhanced cleaning process. We also checked in on the property for quality control, to 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”.