Are you considering renting out your Hawaii condo property? If so, you may be wondering what type of rental property management service would be best for your needs. Long-term and short-term rental services are both popular options, but which one should you choose?
It can be tough to decide whether you should sign up for a long-term or short-term rental service in Hawaii. Thankfully, we put together a helpful guide to help equip you with the knowledge you need to make an informed decision about which one is right for your unique situation.
Long-Term Rental Services
Long-term rental services involve renting out a property on a month-to-month basis or longer. This type of service is ideal if you are looking to rent out your home or apartment to tenants over an extended time.
When it comes to long-term rentals in Maui, property management companies will typically handle the marketing and advertising of your property, tenant screening and selection, rent collection, maintenance and repairs, evictions (if necessary), legal compliance with local laws, and more.
Short-Term Rental Services
Short-term rental services involve renting out a property on a nightly or weekly basis. This type of service is ideal if you are looking to rent out your home or apartment as a Maui vacation rental to those visiting Hawaii.
Short-term rentals often include resort amenities such as linens and towels, housekeeping services during guest stays, online booking systems for easy reservations, keyless entry systems for added security, 24/7 customer support for guests’ needs, and set rate pricing structures based on location demand levels throughout the year.
Good vacation rental management companies also provide complete management oversight from start to finish—from listing setup through checkouts—so that all of the details are taken care of seamlessly behind the scenes.
What to Look for in a Property Management Service
When it comes to choosing a property management service, there are several factors to consider. The most important thing you can do is to find a company that offers the services you need. Make sure to read customer reviews and ask questions about their experience to get an idea of their reputation. This will help ensure that you are happy with your decision before signing a contract.
Furthermore, find a company whose pricing structures are transparent, has comprehensive support and maintenance plans available and has an online platform that is user-friendly so you can easily communicate with your tenants.
How to Find the Best Hawaii Property Management Service
Finding the best property management service for your rental property requires careful consideration and research. Start by assessing your budget, goals, and needs to determine whether a long-term or short-term rental service is right for you.
Research companies online, looking for any red flags such as negative customer reviews or outdated technology. Make sure to ask questions and get solid answers in writing before signing on the dotted line.
Here at AA Oceanfront, we are passionate about providing landlords and owners across Hawaii with our comprehensive property management and leasing services to save time and money. Whether it is short-term rentals or long-term private properties, our dedicated team will ensure that your rental runs efficiently from start to finish.
Questions You Should Ask Before Working with Property Management Service
- What services do you offer?
- How long have you been in business?
- Do you have any references I can contact?
- Do you handle all tenant screening and selection processes?
- Can you provide maintenance and repair services as needed?
- What type of online booking system do you use, if applicable?
- Do you provide customer support for guests, if applicable?
- What is your pricing structure?
- Do you have a property management license?
- How many rental properties do you manage?
- What are the management fees associated with your services?
- How do you choose how much rent to charge?
- How do you determine whether or not a prospective tenant is qualified to live in your property?
These are just a few of the questions to ask before signing up with a property management service.
Top Tips for Choosing the Right Rental Property Management Service
- Property management companies typically offer a wide range of services, so be sure to ask about all the services they provide.
- Property management companies should have experience with long-term and short-term rentals.
- Ask the company how they handle tenant screening and selection.
- Find out what kind of maintenance and repair services the company offers.
- Ask about eviction procedures in case of a problem with a tenant.
- Make sure the company is familiar with local laws and regulations governing rental properties in your area.
- Get references from current or past clients to see what their experience has been like working with the property management company
- Read reviews online to get an idea of what other people think about the company’s services
The Easiest Way to Manage Your Rental Property is with AA Oceanfront
AA Oceanfront offers landlords and owners in Hawaii an easy, cost-effective way to manage their long-term rentals, vacation rentals, and personal properties. Our vertically-integrated property management and leasing services are tailored to your specific needs, so you can focus on what’s important to you.
Why Choose Us for Your Rentals Management
- Aggressive marketing strategy. We not only screen tenants nationally, but we also market to over 30 different websites.
- Property inspections. We conduct photo inspections during move-ins and -outs, as well as halfway through the lease.
- Maintenance and remodel. We help with inventory replacement and organizing contractors, handymen, landscape specialists, and housekeepers – all under our supervision.
- Tenant screening and background checks. Our online credit and background screening process are quick and easy, so you can get started right away. All of our tenants are approved by brokers.
- Rent collection and owner statements. Online tenant payments that are easy to access and monthly owner statements.
- Accounting and taxes. We process your General Excise and Transient Accommodations taxes for a small fee.
- Landlord-tenant code. We always follow the landlord-tenant code to make sure that everyone’s lease is as great as it can be.
- Evictions and collections. Help evict and collect from tenants while staying up-to-date on all local, state, and federal laws.
- All marketing and advertising. We offer a FREE property website setup, build-out, and regular maintenance service.
- Local Kihei and Kona offices. We have a rental manager on call 24/7, all year round.
- Housekeeping and maintenance. We will work with local, insured vendors to coordinate the perfect event for you.
- Rental manager and reservations department. We provide pre- and post-arrival inspections for your convenience, as well as an online and in-office reservations department.
- Online owner portal. With our program, you can easily check live occupancy calendars, revenue reports, request maintenance, and more- all without having to leave your seat!
- Accounting. To make sure all bills are paid on time, we handle everything in-house.
- Security. We provide regular walk-throughs of all properties, as well as coded KABA keyless systems and secure lock boxes.
- Deliveries and supplies. No job is too big or small for our team – whether you need help with deliveries, contracting, replacements, or renovations, we’re here to assist!
- Owner perks. Save on management fees when you book your reservations, only pay cleaning fees during owner stays, and enjoy benefits for immediate family members as well!
3. Homeowner Services for both Long Term and Vacation Rentals
- Communication. We are always available to update owners on the status of their property.
- Aggressive marketing strategy. With our easy-to-use software, you’ll be able to make the most out of your rental property.
- Property inspections. We clean, maintain and assess damage for every arrival and departure.
- Accounting and taxes. We help prepare and file GET/TAT for a fee, as well as year-end 1099 preparation for owners and vendors.
Choosing between long-term vs short-term rental services should be based on how often you plan on using your property or if you plan on using it at all. Both types of services come with their unique benefits that can help make renting out your property hassle free and profitable!
Ultimately when selecting a property management service it’s important to consider factors such as cost efficiency and convenience to make sure that your investment is well-managed and profitable in the long run!
Whether it’s long or short-term rentals that best suit your needs; no doubt finding the right property management service will help ensure success in renting out your properties!Our team of premier property management experts in Hawaii can provide tailored solutions to fulfill all your rental requirements. We offer superior services and unmatched customer care that will help you have peace of mind when it comes to renting properties on the island. Let us help you craft the perfect living arrangement with high-quality services and unbeatable convenience!