Hawaii captivates the interest of people all over the world, and it’s no wonder that the rental market here is exploding. People find themselves wanting to come here for work, pleasure, or retirement, and they turn to our strong rental market for their housing needs. Needless to say, the rental market here is competitive. If you are a landlord, then you are always looking for the best renters, and you’re looking for the fewest vacancies possible. Whether you have one rental or dozens, it might be tempting to handle your rental properties on your own, and you wouldn’t be alone. Plenty of Hawaii rental property owners have considered running their businesses alone, but this article is going to give you some food for thought.
Below we interview Duke Kimhan, a highly successful property manager, and owner of Hi Pacific Property Management, a company that manages over 1000 properties based in Honolulu, Hawaii. Duke discusses and highlights the most important reasons to hire a property manager.
Your Hawaii Rental is Your Business
One of the biggest mistakes I see landlords make is that they treat their rental like a side gig. They put it on the back burner, and they don’t always have time to make it a priority. If you’re guilty, don’t feel bad. Property managers help you run your rental like a business, and the right Hawaii property manager is going to help you increase your bottom line. If you want to make more money from your rental and really get the most of it, you absolutely must have a property manager.
Hawaii Property Managers Know the Law
Every state and every industry has different regulations that must be followed. For instance, do you know the proper way to handle an eviction? Do you know how to do a proper background check on a tenant What can you do when a tenant hasn’t paid rent in months? A property manager can handle all of these things and much more while following all local laws and regulations. This ensures that your liability goes down while increasing the efficiency of your rental.
Property Managers Handle All Communication
Renting out a Hawaii property sounds easy at first, but there are a lot of little details that come into focus. For instance, tenants might be calling you in the middle of the night about a broken appliance or a leak. If you’re not prepared to handle these kinds of situations, just know you’re not alone. That’s why property managers exist. We take the burden off your hands 24/7. Being a landlord isn’t easy. There are many, many aspects that need to be handled, but the good news is that property management can take care of most of these.
Hawaii Property Managers Can Save You Time
Odds are, you have other obligations aside from being a landlord. If that’s the case, then you probably know that time is always on your side. When you use the services of a property manager, you have more time on your hands to take care of the other priorities in your life. If you decide to rent or buy another unit, your Hawaii property manager can probably help.
My name is Duke Kimhan, and if you’re interested in speaking with a professional Hawaii property manager, connect with me today.
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