Maui - recommendations for cleaners and/or property managers

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Maui - recommendations for cleaners and/or property managers

Mason Blake
New to Real Estate · San Francisco · Member since 2020 · 15 posts · 14 votes

I am wondering if there are any STR owners in Maui here? We just got into contract on our first investment property, a 1/1 condo right on the beach in Lahaina!

Curious if anyone has recommendations in the area for cleaners and property managers? 

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  • Ryan MoyerBusiness Member
    Property Manager · Orlando Kissimmee Davenport Salt Lake City, Park City · Member since 2019 · 991 posts · 1k+ votes
    4y

    We love it there and have looked there, but it seems like the margins are tight enough there that you'd have a hard time cash flowing if you use a PM.

    Cosmic Vacations4.9174 Reviews
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  • Andrew Street
    Member since 2019 · 1k+ posts · 292 votes
    4y

    @Mason Blake would love to connect and help with your STR!

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  • Mason Blake
    OP
    New to Real Estate · San Francisco · Member since 2020 · 15 posts · 14 votes
    4y
    Quote from @Ryan Moyer:

    We love it there and have looked there, but it seems like the margins are tight enough there that you'd have a hard time cash flowing if you use a PM.


     Yeah I am not going to use a full-on property manager. They will take 20-40% of your rental income, and in that case - you're absolutely right. The math doesn't work.

    But what a lot of people do is find an "on-island representative", pay them a flat monthly fee ($400-500/mo) and they will do house calls, handyman work, etc. Otherwise much of the "property management" is left to us in a remote capacity, coordinating with cleaners, etc. 

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