Rentals

Just as historic shortages of properties for sale in the early days of the COVID-19 pandemic drove housing prices soaring, rental prices have risen too. And even though renters are feeling it hard on Maui, this is a growing nationwide issue. Below, we outline the market conditions that brought us to this point, and tips to help in your rental search. How the Rental Market Got to Be So Challenging

When discussing a rental with an agent, you may be interested in the features like parking and whether it has a washer/dryer.  Here are a few other key items to ask the leasing agent to determine if the unit fits your needs and budget

If you are in the market for any type of wood—from plywood or sheeting to standard 2x4s, be prepared for a massive sticker shock. U.S. lumber futures contracts for May 2021 delivery were priced at $1,645 per 1,000 board feet, about 60% higher than they were a month ago and 374% above the $347 contract price average in May 2020. This marks the fastest rise since the housing boom that followed World War II.

There are many ways to invest in real estate, but one way which typically generates income is through purchasing rental property. Sometimes people buy rental property to fix up and quickly sell, or flip. Another option is to invest in a property for the long-term and rent it out, which is what we will focus on.

The global pandemic caught many of us unprepared, especially financially. If you are still struggling with job loss, business reduction or other financial impacts, your mind may not be on how you can better insulate yourself financially in the future. But like anything, when is a good time?

Instead of just relying a crystal ball, there are some facts that help predict what will happen to home buying and selling in the coming year.

Financial issues are a great concern to many people right now. Whether you have concerns about losing a job or other source of income, or just want to plan for the future in uncertain times, these money management tips can help.

When you move into a rental, you want it to be very clean. When you are moving on to the next place, the last thing you want to do is clean. But this work doesn’t happen by magic, and it must be done, so just throw on some tunes, involve the kids or roommates and get down to it.

Life flows a little easier with good tenants. Those that pay rent on time, are easy to deal with and are consistent and dependable. Keeping a tenant long-term can help avoid the cost of rental turnover. Especially during these challenging economic times, keeping a good tenant is essential.

We were not quite certain how COVID-19 was going to affect the rental market on Maui. Now that we are months into it, there are a lot of people on the move. We have some tips for home seekers in this surprisingly active rental market, as well as reminders for landlords.

The Office of Consumer Protection has created FAQs pertaining to how these provisions impact their legal relationship. The guidance provided is current as of July 17, 2020 and may be subject to change per actions taken at the state and/or federal level.

Ever wonder how designers seem to effortlessly pull together a stylish and functional room? Years of practice does help, but with a few simple steps, you too can plan and arrange your furniture layout like a pro!

If you find a little extra time on your hands during the “Pandemic Period,” there may be a few maintenance items with your rental to consider. We’ll throw out a few tips in small chunks- starting with garbage disposals.  A garbage disposal can make life easier for discarding some kitchen waste. However, the device can lead to trouble if not used correctly. Many landlords opt for taking garbage disposals out entirely. However, if you plan to someday live in the home again, you

Staging a rental property is a little like dating. Not only do you want to make a good first impression, you also want to make a good match for a long-term relationship. People stage homes for sale, and similarly, a staged rental may help you get top dollar. But there are a few differences. Here are the basics of rental staging- including when not to stage.

Real estate investors and those looking to purchase a home or condo are likely tracking Maui’s market closely as Covid-19’s impact spreads across the country. The stock market declines started in February. Even though real estate prices have not begun a serious slide, lenders have been tightening underwriting standards making it harder for some buyers to qualify. And with record-breaking layoffs, there is a lack of qualified buyers.

It used to be that only people with the best credit would qualify on their own to buy a home. Most rental agencies will conduct a credit check to rent a home too. Today, there are plenty of options for people with less than desirable credit scores, below 700.

Here is part III in our series of investing terms. In this part we cover two key areas for residential real estate investors- owning and renting to others, with key terms for each.

Here is part II in our series of investing terms. In this part we move into the purchasing process, helping you understand the acronyms you may come across. Understanding these terms is important for a this part investing. Of course, if you have any questions, please do not hesitate to reach out to one of our agents!

In our continuing efforts to assist owners in their real estate investing goals, we are publishing a series of investing terms. As you study the market, you may come across many acronyms. Understanding these terms is important for a solid basis of understanding of real estate concepts. Of course, if you have any questions, please do not hesitate to reach out to one of our agents!

When you buy a rental property, your goal is to make money. Real estate investing allows you to gain an ongoing source of passive income as well as long-term appreciation in your property. Over time, you can gradually increase your holdings until you have a thriving real estate business. If you want to gain equity, leverage and passive income, you have to learn how cash flow works.