At Elite Pacific Properties, we do more than help our owners
find tenants and collect rent. We also want to help you
maximize what you earn on your luxury Oahu investment
property. The years of experience we have in this market have
allowed us to come up with some strategies for earning more
and spending less on your rental property.
If you’re ready for your investment property to perform
better, we hope you’ll contact us. Until then, check out
some of these ideas we have for maximizing your Oahu rental
Avoid Vacancy and Turnover Costs
One of the largest costs faced by real estate investors is a
long vacancy. You’re not earning any money on a property
that isn’t occupied. When you have a short-term vacation
rental, you want to make sure there’s a steady stream of
renters who are in place, even in slower seasons. With your
long-term rental, it’s important to attract tenants who
will continue renewing their leases, eliminating the cost of
turnovers and vacant homes.
The best way to avoid vacancy is to price your property
correctly and to demonstrate that you provide value and
service to the people who rent your home. Make sure you study
the competition before you attach a rental value, and compare
what you offer to what those other homes offer.
Once the home is priced accurately, utilize an aggressive
marketing and advertising strategy to get tenants into place
quickly. Good renters will help you earn more on your rental
property, and they’ll also help you preserve the
condition of your property.
Keep Your Property Updated and Well-Maintained
Luxury homes require excellent maintenance. The condition of
your home has a major impact on the amount you can charge in
rent and the pool of tenants who are competing to live there.
Good tenants will be willing to pay more for a home
that’s clean, functional, and attractive. Offer special
features and custom upgrades to really maximize your rental
income and attract the best possible pool of renters. Conduct
routine inspections and pay attention to every detail. Repair
and replace anything that’s broken or not in perfect
Once you have someone renting your home, make sure
you’re responsive to their repair requests and
maintenance needs. Even minor issues should be taken care of
right away; this will ensure your property doesn’t fall
into disrepair or accumulate deferred maintenance, and it will
also increase your tenant retention rate by keeping your
When you provide a high-quality home, you can ask for and
receive higher rents.
Work with Professional Oahu Property Managers
The most important thing you can do to earn more money on your
luxury rental property is to work with a
professional Oahu property management team. Your property managers will help you earn more income, rent
to better tenants, and be proactive when it comes to
maintenance. Property managers ensure rent is collected on
time, keep you in compliance with all state, federal, and
local laws and regulations, and understand how to effectively
inspect, maintain, market, and care for your rental home.
We take care of tenant retention and tenant relationships, and
we also have the resources to access the best and most cost
effective vendors and contractors.
at Elite Pacific Properties, and let’s start earning
more on your luxury Oahu rental home.