Investor · Koloa, HI · Member since 2016 · 3 posts · 4 votes
I am boots on the ground in Kauai, Hawaii. I go in and out of vacation rental houses, condos, time share, ect everyday. If you have questions about Kauai, bring it on
I am boots on the ground in Kauai, Hawaii. I go in and out of vacation rental houses, condos, time share, ect everyday. If you have questions about Kauai, bring it on
J, I have a couple. First, which town or complex in Kauai that you've seen has a great occupancy and return to investors in 2016? Second, Does the typical 30-40% fee property managers charge for managing a vacation rental, still allow for profit for the investor? Happy Sunday!
Investor · Koloa, HI · Member since 2016 · 3 posts · 4 votes
10y
Occupancy rates on Kauai are pretty predictable and is 70% average year around (my guess). Only 3 areas where county allows vacation rentals on our island. Most vacation property owners I know say rate for management is more like 50%. It's a tough, expensive market to do vacation rentals, but there are plenty doing it
Happy Aloha Sunday!
What has you going in and out of vacation rentals everyday, if you don't mind me asking?
I'm currently focused on helping investors achieve a return on their vacation rentals in Princeville and not gouging them with the management fees so that everyone goes home with a nice return.
What would you say are the biggest challenges that owners of property in the VDA (Princeville, Poipu, Kapaa/Wailua resort areas that allow vacation rentals) face when trying to maximize the return on their investment?
Investor · Koloa, HI · Member since 2016 · 3 posts · 4 votes
10y
Aloha Greg
I have a rental equipment business. I deliver rentals before guest arrive and then pickup once they depart. Depending on unit, I would think the challenge for owners is low maintenance (durable floors, not carpet, ect) and keeping the unit booked. There are lots of creative ways to get units booked. Look online at other vacation rental markets and use great ideas. Getting great management on Kauai is the key. Lots of great property managers on Kauai. Just like everything if there are great ones that means there is some not so great ones also. Do your homework.
I am curious about your opinion and prediction regarding the possible dairy farm planned in Mahaulepu. I own a vacation rental property in Poipu and it is difficult to understand why the Island would allow this dairy farm (only creates 7 jobs and the milk is being sent to Oahu for processing anyways so the argument of "local milk" is just false marketing) if it will negatively affect tourism in Poipu the way its opponents are stating. Makes no sense to damage the industry (tourism) that makes up 1/3 of the island's economy for the be=nefit of 7 jobs.