Most people will start their search for a new home online, whether they’re looking to buy or rent. The process of renting a home is easier than buying, but many renters overlook the benefits of contacting a real estate agent to help find a long-term rental.
You can browse listings on the Destination Maui Realty website and fill out an application online before reaching out for a personal tour. In Maui’s competitive market, it is also to a renter’s advantage to let a realtor know what you are looking for. It may result in you finding out about a listing before it hits the market. While a good property manager will select the best quality tenants, they also will select the first good qualified tenants, so there is an advantage to applying early.
By enlisting the help of an agent, you get all the benefits available to a homebuyer: professional experience, local knowledge and an understanding of your budgetary constraints. Realtors have easier access to rentals with a loxbox. They do not have to wait for the owner to show the unit.
While there are a ton of realtors on Maui, only a few offer rental services, and even less are qualified property managers. Make sure you connect with the right professional who’s familiar with rentals in your target area. For example, Destination Maui Realty specializes in long-term home and condo rental in West, South, Central and Upcountry Maui. If you are looking in Hana, you might want to find an agent that specializes in that area.
In many cases, the realtor is paid by the property owner by way of a monthly fee. Often a realtor that offers professional property management will charge an application fee to cover the time spent reviewing and researching the information provided by the applicant.
Housing shortages aren’t specific to the buy-and-sell market. High demand for rentals on Maui, complicated by the number of rental units that have converted to short-term vacation rentals, have made a serious housing crunch. Rentals move fast on Maui and monthly rents have increased significantly. If you are new to the island, have limited time to look for a rental yourself or have specific requirements such as finding a live/work rental, enlisting a realtor may be your best option.