Owning an investment property in Hawaiʻi can be a dream, but managing it yourself can quickly turn that dream into a full-time job. From finding reliable tenants to handling late-night maintenance calls and navigating complex local laws, the true costs of self-management go far beyond saving a management fee.
In August, rental volume decreased month-over-month and year-over-year. The number of luxury rentals decreased from July, ending their upward trend since last November. However, rental volume was up 25% from last August.
The number of luxury rentals continued their upward trend since last November, reaching 111, the highest in our records dating back to June 2022. Median price was down slightly from last year but unchanged from last month.
Waikiki isn’t just one of the most famous beaches in the world, it’s also one of the most sought-after locations for vacation rentals in Hawai‘i.
In June, the number of properties rented on Oahu increased compared May. The number of luxury rentals increased significantly in June, up over 30% from last June, reaching the highest monthly rental volume in the last three years.
Hurricane season in Hawaii officially runs from June 1 through November 30. While major storms are rare, it only takes one to cause significant damage. As a rental property owner, being prepared not only protects your investment but also keeps your tenants safe and minimizes disruptions.
In May, the number of properties rented on Oahu decreased from last year but increased from April. Median price in May was up compared both time periods.
In April, the number of properties rented on Oahu decreased both year-over-year and month-over-month. Median price in April was up compared both time periods.
If you own investment property in Hawaii, one of the most important decisions you’ll make is whether to rent it out as a short-term vacation rental or a long-term residential lease. Read on for pros, cons, and important regulations to know.