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Case Study – Out of Town Investor

by Liz Nitz

One of Range Properties’ special skills is taking a newly purchased investment property and quickly getting it to the rental market.

 

We recently had the pleasure of working with a gentleman from Michigan who fell in love with Bozeman as he was traveling the country in his RV. He decided to purchase a condo for his return visits and future use, with the goal of renting it out in the meantime. Based on his preferences and interest in using the condo when he wanted, he opted for a short term rental (STR) scenario. When he purchased the condo, we could not guarantee that we would get it approved for licensing before the Bozeman STR ban went into effect, but we assured him that we would try.  

 

Because of our experience and relationships with various people involved in the STR approval process, we were able to get our inspections and the STR application approved within 35 days.  While we were running that application through the process, we were able to fully furnish and outfit the condo, get photos taken, prepare marketing materials and quickly and professionally get the condo posted onto the rental platforms. We had our first renter in the condo just 40 days after the closing date.

 

Our team at Range Properties continues to demonstrate that we have the experience, expertise and relationships to take a property from closing to income producing in a very short period of time. We’re also flexible in how we work with our clients. The investor can be involved as much or as little as he or she desires. 

 

Want to learn more about our expertise? Contact us for more info.



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969 Nelson, Bozeman, Montana 59718

969 Nelson, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
2.10Acre
2,379Sqft
Sitting on 2.1 acres with NO zoning and NO covenants this home is ready for its next adventure. This single level home is 2379 SF with 3 bedrooms and 2 full baths. Stunning views of the Bridger Mountains and room for your business or farm animals! There are several out buildings already in place including a barn, shop, detatched garage and garden shed.
$1,200,000

645 Baxter E, Bozeman, Montana 59718

645 Baxter E, Bozeman, Montana 59718

3Bedroom(s)
1Bathroom(s)
20Acre
1,157Sqft
Almost unlimited possibilities for this prime investment and development opportunity! This property is 20 acres of flat buildable land with a 5000sqft shop and 900sqft residences which can stay or be cleared. It's conveniently located off Baxter Ln. near Jackrabbit Ln. is right in the center of the valley and the current development trends.
$6,500,000

621 E Lamme, Bozeman, Montana 59715

621 E Lamme, Bozeman, Montana 59715

1Bedroom(s)
1Bathroom(s)
0.12Acre
640Sqft
Can't beat this location! Historic home for sale in downtown Bozeman. One bedroom, 2 bath house lovingly maintained by owner. This home has been in the same family since it was built in 1898. Painted inside and out within the past two years, newer fridge, washer and dryer, windows, doors, and plumbing. Lawn mower also conveys.
$599,000

3575 Stucky Road, Bozeman, Montana 59718

3575 Stucky Road, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
10Acre
1,683Sqft
One Of A Kind Property! 10 Acres!! This Unique Property Offers A Little Bit Of Everything. One Of The Best Locations You Will Ever Find! Many Options. Horses Welcome! Additional Dwelling Unit Already In Place. Have You Ever Wanted Two Shops? Look No Further! The Home Was Remolded in 1992 And Has Hardwood Floors Throughout The First Floor. Lots Of Elbow Room On Main Floor As Well.
$1,800,000

662 Coffee Creek, Bozeman, Montana 59715

662 Coffee Creek, Bozeman, Montana 59715

5Bedroom(s)
2Bathroom(s)
20Acre
5,478Sqft
Spectacular views from this custom log home on 20 acres offers the classic Montana lifestyle. Iconic touches from national park lodges have been used throughout this “Parkitecture” design featuring massive timber beams, a soaring two-story fireplace, and tremendous mountain views.
$1,865,000

1806 W Durston Rd, Bozeman, Montana 59715

1806 W Durston Rd, Bozeman, Montana 59715

5Bedroom(s)
2Bathroom(s)
0.17Acre
2,320Sqft
Here is your chance to spring into action on that investment property that you have been searching for. Two separate living quarters for possible in-law suite. Prime Bozeman location with great access to Montana State University, shopping, and Downtown Bozeman. Not to mention the ability to take advantage of Bridger Bowl & Big Sky Ski Resort as winter approaches us.
$697,000

2940 W Villard 1F, Bozeman, Montana 59715

2940 W Villard 1F, Bozeman, Montana 59715

2Bedroom(s)
2Bathroom(s)
1,020Sqft
Investor buyers! Due to owner occupied ratios & informal HOA this is a cash purchase. This Meadow Vista condo is an upstairs end unit with mountain views. Light & bright with the many windows. Open floor plan with 2 bedrooms and 2 baths. One bedroom is a master with full bath. The second bedroom has the full bath across the hall. Wood floors through out. Kitchen with white appliances and cabinets.
$339,000
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