What are the steps to finding a Short Term Rental (STR) investment property in Bozeman? 

The city of Bozeman has put in place a lot of short term rental restrictions concerning how you may secure a short term rental property. Visit this link to review the City of Bozeman STR guidelines and restrictions. 

Finding a short term rental in Bozeman will boil down to researching covenants, researching the zoning, confirming with the HOA their stance on STRs, and lastly, verifying appropriate zoning. STR restrictions are more prevalent within city limits. Unfortunately, the manual research aspect can be daunting for many, but it comes with experience knowing where to look and which subdivisions are purely out of the question for STR Allowance. That's…

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It can be difficult to find a rental in this competitive rental market. Here are some tips and tricks when applying and what do when reaching out to property management companies.  TENANT TIPS and TRICKS:

  1. Consider submitting an application with a few property management companies (or as many as you feel you are willing and able to do)
  2. Consider paying for the application fee, if it applies 
  3. Consider getting reference letters from past landlord's if you had a good relationship and sharing with your application
  4. Follow up with Property Managers that you have submitted an application with and casually check in on new properties coming on the market 
  5. Your credit score will be pulled, so do make sure your record…

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For those who have not been so lucky finding a place, we hope this guide will help you get that much closer to finding a home.

Is it challenging to find a rental in Bozeman? The short answer is YES, it very much can be. We live in a wonderful community that is quickly becoming not just a stop for tourists but a permanent home for many out-of-staters. Montana State University combined with the working professionals who are not yet homeowners creates a large number of renters for only a limited supply of actual rentals available.  

Timing: Start your search ASAP. The reality is that there is a limited supply of rentals within city limits and it is very competitive in certain rental price points. Though Bozeman is a very dog friendly…

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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

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Sometimes locating the right information is impossible, especially when there are programs you don't even know exist!

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.

Vacation Rental By Owner VRBO Zoning Bozeman

  • VRBO Interactive City Mapping System - this mapping system is pretty expansive.
  • VRBO Specifications, Application, and more

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…

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We are searching for a rental property! 

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!

Do you have what we are searching for? 
Call Tamara Williams today at (406) 223 - 6823

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We are searching for a rental property! 

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!

Do you have what we are searching for? Call Tamara Williams today at (406) 223 - 6823

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We are searching for a rental property! 

Location:
• Bozeman

Wants:
• Month to Month Rental Preferred
• 2+ Bedrooms
• 2+ Baths
• No Pets

Price:
• $1,700 / Month Maximum

Do you have what we are searching for? Call Tamara Williams today at (406) 223 - 6823

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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…

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With Bozeman housing prices increasing every year, is it still feasible to find a profitable rental property here in Bozeman? 

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

  • Right now (in 2019), we…

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