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Oahu Rental Market Overview: March 2024
In the luxury market, the number of sales increased compared to both last month and March 2023.
April 19, 2024
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Property Management requires a large commitment of time and effort. There are many facets to a comprehensive rental management plan; working with a professional Property Manager is the best way to ensure maximum return on and care of your investment. We stay up to date on the latest changes to Hawaii rental laws, including short-term and vacation rental laws, to make sure your rental property is best positioned for a high return on investment.
The Property Management team at Caron B Realty is here to meet your rental needs with comprehensive rental management and estate management services.
Our Hawaii property management team will manage all aspects of the tenant-landlord relationship. From lease preparation to routine and emergency maintenance hiring, our full-service rental management department saves you time and money. We provide detailed income and expenses reports every month, as well as documents needs for taxes, to keep you organized and save you from book-keeping headaches. Additionally, we manage your security deposit funds and have efficient systems in place to effectively collect rent and maintain on-time payments.
The Caron B Realty Estate Management Department uses a proven system for property caretaking. Maintenance and repairs are a critical component of estate management. We have a trusted list of vetted vendors to care from everything from AC repair to pool maintenance. We use a checklist customized for each client’s property’s needs and we provide weekly updates with relevant photos of maintenance and repairs. We also prepare the property for when you or your guests return to the island.
Caron B Realty has been an exceptional partner. I have used Caron B Realty for years to manage my property and later to sell it. The team has always been quick to reach out when needed and responsive to inquiries. Thank you for the positive interactions and always taking the time to make sure our questions were answered and we were informed to make the proper decisions.
Our experience with Caron B. Realty has been excellent from the beginning. They acted as property managers for our house when we moved away from Hawai’i. Their service in this role was smooth, efficient and easy for us. When we decided to sell our house they placed it on the market and it sold in 1 day for 150,000 over the asking price. Their management and service has been excellent. They are easy to reach and always answer promptly. We highly recommend them as a real estate company.
Doug, because I’ve seen the best and I’ve seen the rest you have my highest recommendation … when I worked for the Honolulu Board of Realtors I did a monthly report on activity… You were always a consistent high volume and dollar Realtor. You represent your clients with class, dignity and efficiency. There are a very few BEST, but YOU are definitely one of the Best on Oahu. Aloha.
In the luxury market, the number of sales increased compared to both last month and March 2023.
Background on Tenant Screenings Starting on May 1, 2024, a new tenant screening law will be enforced. This law relates to the fees that a homeowner, landlord, or property manager may charge to a tenant to assess their ability and credit worthiness to rent. These charges typically range from $25-$100. There are some platforms that
Get the latest update on the Oahu rental market with rental statistics and the highest rentals from the last month. Contact us to learn about our Hawaii property management services. Oahu property rentals decreased in February, compared to January and February 2024, though they rented more quickly than both time periods. Median rental price increased
Background The minimum number of days for short-term rental properties on Oahu had been 30 days for a very long time. In 2022, the City of Honolulu passed Bill 41, a law that changed the minimum to 90 days. They were sued and recently lost. Watch past episodes of Ask Doug! for more information about
While there was a decrease in rentals in January 2024 compared to January 2023, the number of rentals increased from December 2023 to this past January. In both time period comparisons, median price was up but properties rented slightly slower. In the luxury market, there were notable increases in the number of rented properties, especially
Maintaining investment properties is more than just a chore; it’s a strategic investment in your asset’s longevity and is important for tenant satisfaction. Whether you’re a seasoned property owner or just dipping your toes into the rental market, prioritizing regular maintenance can make a world of difference. Here are 5 reasons why it’s essential to
1123 11th Ave Suite 305
Honolulu, HI 96816
Ph: (808) 593-9826
Fax: (808) 356-1503
Caron B Realty Property Management has been managing rental properties across Oahu for over 10 years. Backed by a knowledgeable management team, a wide network of trusted vendors, and the latest property management technology, we remove stress from our clients’ lives to make the often complicated and challenging process of renting a home as easy as possible.
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