I wanted to start a conversation and connect with other investors in Vacation Rentals on Oahu. I do own one vacation rental in Ko Olina. I am interested to connect with other vacation rentals investors in Hawaii and see what are the ups and downs they encounter during their journey. I am fairly new into the investing world ( I purchased on Oct, 2016). Mahalo!
aloha from Maui, Diana. Let's refer each other business.
Aloha from Oahu Lauren!:) Absolutely, would love to collaborate!
Aloha @Diana Damian ,
We currently own 2 vacation rental condos in Kihei, Maui and I would be happy to answer any questions you may have or share any insight and information I've gained.
@Jeremy Baker Thank you Jeremy, I will reach out for sure! How can I get your vacation rentals info? Some of our guests, are also
Inquiring on Maui. I like to work on referrals:)
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@Jeremy Baker Thank you for the info. We are working to finalize the website now. I see on your web that you direct the guest to book via vrbo. Why not through your own web? We are trying to branch out of vrbo and wanted to here other owners what they think. I will follow you on FB as well:)
@Diana Damian , that post got deleted since we are not allowed to advertise on the forums, so if you would like the info and our VRBO sites, just send me a personal message and I'll share those with you and you can share your listing too.
We do all of our bookings through VRBO, although there are some repeat guests that we will book outside of VRBO to save them the guest service fee as long as they contact me outside of VRBO. I'd say 95% of the people that book our condos will find us through our VRBO listings while the other few will find us through our website. We created this website as an informational site for our guests and potential guests and not as a site to attract a lot of bookings outside of VRBO. It would take a lot of marketing money to get our site recognized enough to where we don't need VRBO, much more than the cost of VRBO. VRBO is not perfect, but it's the platform that we like best and our listings stay full.
@Jeremy Baker Thank you Jeremy. I did get a chance to see the website and I will shoot you an e-mail shortly to start communication. Do you work with a Property Manager in Maui?
@Diana Damian we do and we love our property manager and I'll be happy to share their info when you send me the message!
@Jeremy Baker Great! I just followed you and sent you a message on FB. We currently live on the island, but planning to move in the next 1-2 years
@Diana Damian , @Jeremy Baker , and any other's with experience. Do you have any specific advice for someone considering getting started in the vacation rental business in Hawaii (or just in general)? Has it gone well overall? Are you seeing the occupancy rates and the profits you planned for? What are your pain points? What do you know now that you wish you would have known when you first started?
I've just recently started researching this idea and I've love to get some feedback from people who are already living this dream of mine.
@Ryan Perkins I'd be happy to answer any questions you may have! Please send me a private message and I'll help in any way I can.
@Ryan Perkins Aloha Ryan, and welcome to the community. I would love to share some of my experiences, please message me a personal note. Mahalo!
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