Did you ever imagine that you could own property in Hawaii…and make some monthly income off of it? In this article, I’ll share with you why you should consider a vacation rental and how you should go about buying one.
An Example: Sea Village
Vacationers have gotten a lot smarter in the past few years, and vacation rentals have become many travelers’ preferred accommodation while visiting this tropical paradise!
Sea Village #2105 (MLS# 281015), Listing by Leiola Augustine: SOLD 6/22/2015 for $278,500
The Sea Village is one of the most popular condominiums to stay at in Kailua-Kona, with many of them serving as Income Producing Vacation Rentals. This complex is high in demand because it offers great ocean views and breezes, beautiful landscaping with a pool and barbecue alongside the coast, and its location is right near the heart of Kona. Renters and owners fall in love with this complex, making it hard to stay away from for long…which means you will often have guests who return to your unit year after year after year. $$$
So, What’s The Trick?
It’s actually pretty simple.
Step One: Find a condominium (or home) to invest in
Step Two: Purchase the condo
Step Three: Hire a property manager to get your unit to its best marketability (better pictures, wifi, maybe even some upgrades or refinishing if necessary)
Step Four: Sit back, relax, and start making some return on your investment!
Not bad right? It’s about finding the right Realtor to take care of your needs and finding the perfect spot for you! A knowledgeable Realtor who not only knows the area and the market, but also someone who knows the right people and companies to refer you to, so you can start making your money back fast!
What Makes A Good Vacation Rental Unit?
An ocean view! A vacation in Hawaii might not be complete without an amazing ocean view. Next on the list, proximity to town. Units that are closer to town are more desirable. Not too familiar with Kailua-Kona town? That’s why we’re here 🙂 And finally, it’s always nice to be able to accommodate as many people that can sleep in the unit comfortably.
Sea Village #3103 (MLS# 296768), Listing by Leiola Augustine: SOLD 9/12/2016 for $287,500
With vacation rentals in Kona being such a popular way to stay in Hawaii, it truly is a unique opportunity to make some extra dough, all the while making your dream of owning a piece of Hawaiian real estate your reality! Get connected with me…and soon enough, you’ll start to feeling like a local yourself!