All Forum Posts by: Jeremy Moncur

Not a legal short term rental.  Probably 90% of the "short term rentals" you'll find advertised are illegal. So you're right that Oahu is quite tolerant of them and the general rule of thumb is that you're ok as long as neighbors don't mind.  Though I haven't seen it done for any property out here, it's possible renting it as a short term rental could be off limits in the future

Yew Elijah!  Yeah, that's what I was thinking.  I do think there's got to be some flexibility on the price and you're probably right that as single units the sales would be a lot easier.  However, once we sell one unit like that it may lose its higher profit potential as having various owners in there that may not all be into short term rentals would put a cramp in that.  Owner would rather keep it together so a buyer could come in and run the whole thing as a rental property.  

Aloha All!  I'm a Realtor on Oahu and have a 3 duplex (6 separate TMK's) rental compound listed in Hauula, HI (Northest Oahu).  It's been slow going so I'm looking for feedback from investors on where this needs to be price (and/or other wise) to make it more attractive.

Owner hasn't given 2017 totals yet but  in 2016 the units netted $224,549.08 as rentals.  That's after paying management and cleaning fee's of $69,718.78 (which could potentially be reduced) along with other fees like maintenance, insurance, etc...Gross revenue was $352,959.56.  I know 2017 brought in less revenues as the owner turned over management to a rental management company that wasn't performing as well with it when we listed the property for sale mid 2017.  Prior to that, he had a full-time manager taking care of it but pulled her into a separate business that was bringing in more profit.

Any advice / feedback would be welcome!