Rental Needs:
- 2+ bed, 1+ bath
- Must have a yard
- Renter has 2 dogs, 2 cats (older and well-behaved)
- Areas of interest: Bozeman, Belgrade, Three Forks, Livingston
- Budget: $1900/month and under
- Month-to-month rent or open to a lease
- Tenant has great references
- Start Date: ASAP
If you know of any rentals coming up, please email me at Marisa@BuyBozemanHomes.com.
Marisa Owen - Realtor
(925) 785-2596
Are you interested in Vacation Rental By Owner (VRBO) but don't know if local zoning approves it?
The map below will provide a quick view of the area. Interactive mapping is available - search by a specific address to figure out what Vacation Rental Zoning area you are in.
There are different Types of VRBOs in the City of Bozeman; Type 1, Type 2 and Type 3. The below information was gathered from the city of Bozeman Short Term Rental website found HERE.
"Short Term Rentals are defined in
…
Location:
• West end of Bozeman
Wants:
• Unfinished Studio Apartment
Price:
• Up to $600 / Month
• Client is willing to help with yard work and some home maintenance to help lower rent - if possible!
Location:
• Bozeman
• Belgrade
Wants:
• 1+ Bedrooms
• 1+ Baths
Price:
• $600 - $1,200 / Month
• Client is a handy man and would love to trade some rent for services - if possible!
Location:
• Bozeman
Wants:
• Month to Month Rental Preferred
• 2+ Bedrooms
• 2+ Baths
• No Pets
Price:
• $1,700 / Month Maximum
I want to touch on investing in Bozeman. Real Estate inventory for 2019 has continued to be lower than expected and prices have increased as you are probably well aware of. However, this results in more renters staying put where they are as buying their first home could be unachievable or more difficult. While this is an unfortunate outcome of higher priced homes, let's dive into the how's and why's investing in Bozeman. I've created some questions to structure the conversation.
5 REASONS WHY INVEST IN BOZEMAN:
1. Investing in the market is like investing in the stock market but can have greater returns in the long haul.
2. If your cash is sitting in a checking account, it's collecting an insanely low interest rate per year.
3. There are more
The short answer is YES. The rental market demand is STRONG and there are simply not enough rentals with the number of students and additional residents moving to Bozeman every year.
RENTAL STATS
"In Bozeman, the most recent American Community Survey figures estimate that 56% of households are renters and 44% are owners." In looking back since 2000, the number of renters vs. owner households has maintained the same high ratios (55-57% of households). The distribution of the renter households vs. owner households has not significantly changed in the last 16 years.
RENTAL INCOME
Rental options, please email the rental information to: Info@BuyBozemanHomes.com and Tamara@BuyBozemanHomes.com
In the last few years, the City of Bozeman has reinforced the how, where, what of renting out properties in Bozeman (VRBOs and short term rentals). There are numerous factors to consider (i.e. location, zoning, etc, etc) beyond this list, but this is to kick off the basics when shopping for a property that has investment opportunity. Specifically, this blog is looking at "a main house and ADU" as a rental property.
While in theory renting out your property seems manageable on sites like Airbnb, VRBO, etc, there are key items you should know before entering the process. The below applies to properties within Bozeman's City Limits.
Here are some questions to guide you in the process:
Can you apply for a Short Term Rental license before you purchase a property?
The short answer is No.
You saw your neighbor's property on Airbnb, so why wouldn't you be able to rent your property?
The question to ask is, does your neighbor have the licensing in place to rent as a Short Term Rental? Pay very close attention to your zoning and going about the process the RIGHT way.
Do you know what zoning your property is in
…
