Owning luxury investment property in Oahu comes with a
unique set of challenges. Whether your luxury home is a
vacation rental or meant for long-term tenants, you need a
property management team that has experience in properties
like yours.
At Elite Pacific Properties, we manage luxury rental homes
for local investors and owners living out of state. We
understand how to maximize your rental property income and
ROI. We also understand the high expectations of your
residents.
Contact our talented Oahu property management team at Elite
Pacific Properties when you’re ready to rent out your
high dollar home.
Increasing Revenue on Your Oahu Investment Home
Earning as much as you can on your luxury rental property
means setting the bar high.
When you’re trying to increase the amount
you’re bringing in every month, you need to know where
the market currently rests so you can price your property
accordingly. You don’t want to leave any money on the
table. Luxury rental properties command top dollar, and you
don’t want to hurt your cash flow now and in the
future by not charging enough rent. Make sure you’re
at the top of what the market demands.
We can help increase revenue by pricing your property
correctly and attracting and retaining excellent tenants.
When you have a renter who pays on time and takes good care
of your home, you’ll have an easier time driving up
cash flow.
The best properties need the best amenities and the
sharpest details. We’ll recommend any necessary
improvements that will drive up your rental price and keep
you competitive with other high-end homes on the market.
These upgrades will also increase your sales price when
you’re ready to sell.
Luxury rentals should have granite counters, stainless
appliances, and hardwood or tile flooring. Paint should be
fresh and landscaping should be attractive and
low-maintenance. If this is a vacation rental, you need high
quality linens and every necessary kitchen utensil.
Decreasing Expenses on Your Oahu Investment Home
Your Oahu property management company should know how to
keep your costs down, even when you have a luxury rental
home on the market.
Some fixed expenses are always difficult to negotiate.
However, with preventative maintenance strategies,
consistent lease enforcement and routine rent collections,
you can save money on your rental home every month. If
you’re automating many of your systems and taking
advantage of technology, you can save yourself both time and
money.
For long-term leases, tenant retention will save you money
on vacancy and turnover. Regular heating and cooling service
calls will save you money on emergency maintenance and
system replacements. Having relationships with fantastic,
cost-effective vendors will ensure you’re not paying
more than you should on repairs and maintenance.
Oahu Property Management for Luxury Rental Homes
Consider what you pay vendors and contractors for
maintenance. Your price is likely a lot higher than what a
good property management company will pay. Why? We can
provide a lot more business to that vendor, so the economy
of scale works in our favor. We get the best prices and most
competitive rates. That saves our owners on routine and
emergency maintenance all the time.
We also invest heavily in technology, giving us the tools
and resources that self-managing landlords simply cannot
access. We can do all of our marketing, screening,
bookkeeping, and documentation electronically. Tenants pay
us rent online and we pay our owners through direct bank
deposits. Everything is more efficient, and that keeps costs
down and profits up.
There’s a lot more available to professional property
managers, and when you’re renting out a luxury
property, you need high quality service from professionals
who understand the dynamics of a tenant
relationship.
We’d love to help you earn more on your investment
properties. Contact us at Elite Pacific Properties for
customized help with your rental homes.
