By Baris Ergin
We’ll start with several fascinating facts: a recent ranking of the best places in America to buy a vacation home listed two Hawaii destinations – Kihei in South Maui and Waikoloa on the Big Island – among the top 25.
A report by the Hawaii Tourism Authority indicated the number of vacation rental units on the Hawaiian islands mushroomed from 17,000 in 2015 to 23,000 in 2017 – a 35% increase in just two years.
In 2018, Hawaii Appleseed revealed that 1 in 24 homes in Hawaii was a vacation rental property. In Kauai alone, that number dropped to 1 in 10. And in Lahaina, it was 1 in 3.
Combine all that with a quick scan of Airbnb listings in Maui, Oahu, and Kauai running as high as $3,000+ per night, and it’s understandable why interest in short-term vacation rentals is intense among many Hawaii property owners.
But with legislation like Ordinance 19-18 for Oahu short-term vacation rentals – and related fines for violators of up to $10,000 per day – property owners from Waikiki to Waikapu have become concerned about the regulatory side of what’s been an outstanding economic opportunity.
Not surprisingly, owners are seeking out the advice of the best Hawaii vacation rental managers. As a full-service vacation rental management company serving the state of Hawaii – including Maui, Oahu, and Kauai – our focus is on optimizing the experience for owners and renters.
One Fine BnB – our Hawaii vacation rental property management service – ensures you’re always compliant with regulations. We handle everything from optimizing vacation rental pricing on a daily basis to communicating with renters throughout the process and keeping your property squeaky clean – even as your turnover rate rises higher and higher from improved occupancy rates. While you largely sit back and collect a direct deposit each month.
Want to talk about your opportunity in Hawaii vacation rentals? Schedule a free consultation with a One Fine BnB vacation rental property management expert – and request our complimentary guide, Capitalizing on the Vacation Rental Boom: 8 Keys to Success:
Written by
Baris Ergin
Baris Ergin is a co-owner of One Fine BnB, a management company running hundreds of vacation rentals, and one of the three founders of BnB Genius, Inc., along with Chad Ozgur and Kent Morgan. Before short-term rentals he built and exited three tech companies. At BnBGenius he works on the automation itself — the guest messaging, the task dispatch that fires on checkout, and the voice agent that answers the phone when a guest calls and nobody is free to pick up. He built it to give a host with one to five listings the tools a manager with hundreds of properties already has.
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