At Elite Pacific Properties, we consistently work with
investors who live outside of Hawaii, and we understand the
unique needs that come with owning a property you are not
geographically close to. In these situations, there’s
more at stake than rental income. You’re also pursuing
the peace of mind that comes with knowing your Oahu investment
is protected and well maintained.
Here are some of the important things we do to protect your
out-of-country investment properties:
Work with Exceptional Local Vendors
When you cannot take care of repairs and maintenance yourself,
you’ll need a reliable team of vendors and contractors
who can handle these things in your absence. You’ll want
to establish and maintain relationships with a good general
contractor as well as plumbers, electricians, roofers, HVAC
technicians, landscapers, and cleaners. Look for providers who
can offer fast service and a high quality of work.
You’ll need them to respond to routine and emergency
maintenance calls, and help you prepare your property during
turnovers.
Stay Educated and Informed
You may not be living in Oahu, but you need to understand the
local real estate market and the developing trends that shape
the rental landscape. Things change quickly in Hawaii, and
you’ll need to know what’s expected in terms of
fair housing, rental values, and tenant requirements. When
you’re not here yourself, make sure you’re staying
up to date on compliance with local, state, and federal laws.
Market trends are critical to a successful investment
experience. You cannot accurately price your property, market
it well, or make relevant upgrades and updates if you are not
aware of what your competitors in your neighborhood, or what
tenants are looking for in their next rental home.
Professional Oahu Property Management
Partner with a
professional Oahu property management company. This is a good idea for any real estate investor, but
it’s essential when you live in another state or out of
the country.
Local experts will do an excellent job of protecting your
property. They’ll respond to emergency and routine
maintenance issues, make sure you rent is collected on time,
and provide you with real-time information on how your
property is performing.
A property manager in Oahu will know the rental market well,
help you keep up with laws and trends. They will also be there
to answer tenant questions, respond to their requests, and
promptly handle any property-related issues that come up.
Professional management offers peace of mind and protects your
investment. You won’t have to worry about vacancies or
tenant placement. You’ll have experienced professionals
working on your behalf to provide maintenance, lease
enforcement, and general guidance on the protection and
promotion of your investment. Frequent and Innovative
Communication
Frequent, open and reliable communication with your property
managers is crucial to effectively managing and protecting
your real estate investment. Look for a company that provides
an online portal where you can send messages, check
statements, access reports and other important documentation.
You’ll feel more connected to your property, and you
won’t have to worry about what’s happening in your
absence. And, if your property managers are communicating
responsively and proactively with you, you’ll know they
are just as available to your tenants.
We’d love to talk to you about your Oahu investment
property, and the services our company can provide. For more
information, please
contact us
at Elite Pacific Properties.