Smart investors know that hiring a professional
Oahu property manager
can lead to higher profits and fewer headaches. Many
landlords think they have the time to manage their own
rental homes, but quickly realize that there’s a lot
more involved than simply finding a tenant and collecting
rent.
At Elite Pacific Properties, we have the experience and the
knowledge to effectively manage your investments. Whether
you’re renting out one home or an entire portfolio,
leave the leasing, management, and maintenance to us.
Self-managing might seem easy enough, but it’s
actually pretty complicated. Mistakes are easy to make, and
they’re usually expensive.
We’re here to serve as your Oahu property management
resource. Check out why the professional management services
we provide are better for you than self-managing.
Lower Vacancies and Better Oahu Tenants
The tenant you place has a huge impact on the money you
make and the investment experience you have. High quality
tenants will make on-time rent payments. They’ll
promptly report any maintenance issues, and they’ll be
easy to communicate and work with. Bad tenants, on the other
hand, often result in late or missing rent payments,
property damage, and the potential for eviction.
Maybe you’ll place a great tenant as a self-managing
landlord, but there’s also a chance that your tenant
won’t pay rent on time or will bring in unauthorized
pets or people. You’ll spend a lot of time and a lot
of money chasing down late rent, sending notices, and
threatening eviction.
A professional Oahu property manager has the tools and
resources to conduct a thorough screening. Credit and
criminal backgrounds will be checked and employment and
income will be verified. We will contact prior landlords and
place a tenant who hasn’t been evicted in the past and
doesn’t owe former landlords thousands of
dollars.
Maintaining and Protecting Your Oahu Rental
Property
If you decide to self-manage, you’ll need to know who
to call in the middle of the night if a water tank explodes
or a sewer line starts leaking at the rental property.
You’ll need a list of vendors you can trust;
professionals who are licensed, insured, affordable, and
willing to make late night and weekend visits when
necessary. Tenants will need access to you 24 hours a
day.
When you work with a management company, you’ll be
kept informed about the repairs that are needed at your
property, but your managers will already have outstanding
vendor and contractor relationships in place. You’ll
also have an experienced professional keeping an eye on your
investment, ensuring its condition is preserved and its
value is always increasing.
State, Local, and Federal Landlord and Tenant Laws
Hawaii has strict requirements when it comes to rental
housing, and there are also a lot of federal laws that
require attention and compliance. The Fair Housing Act
dictates how you market your property, screen your tenants,
and lease your home. You’ll need to know the
difference between a pet and a support animal. Security
deposit timelines and regulations have to be followed.
Keeping up with the constantly changing legal landscape is
important. Self-managing landlords make a lot of costly
errors without intending to violate the laws they
aren’t aware of or don’t understand. Your
property management company can protect you from these
mistakes and ensure you and your property are in full
compliance.
These are only a few of the reasons you should work with a
professional property manager. If you’d like to hear
more about the
benefits of working with a great local management
company, please
contact us
at Elite Pacific Properties.
