When your future dream home lives in Kona—but you live on the mainland—your finances can benefit from expert Big Island property management. If you don’t live near your property, you have to depend on someone else to maintain your investment for the foreseeable future. So, how do you choose the right property management company for your Kona home?
Long-term rental properties are part of your long-term financial plan: the right property manager helps landlords avoid expensive mistakes that can delay (or derail) your retirement goals. When you get more money out of your Kona rental home, you’ll be that much closer to joining us on the Big Island!
Before you settle when it comes to Big Island Property Management, make sure you investigate whether the provider you’re considering offers the services you should expect.
Find the Services You Need
The best use of your expert property manager is the full-service experience. However, not every Big Island Property Management company provides the same services—or the quality of services—to meet your needs.
If you’re a DIY landlord, and you don’t live on the Big Island, caring for your Kona rental can feel impossible. Trusting a stranger to take care of your investment is a tough choice—but it’s a decision that can lead you towards long-term growth. Plus, even if you live on the Big Island, freeing up your time to enjoy friends, family, and hobbies is a nice perk.
Let’s look at some of the critical services your expert property manager should provide to protect your investment!
Dynamic Property Marketing
Sure, you can post your property online with a few pictures and details—or you could call in the big guns. The difference between a typical listing and “dynamic property marketing” can impact the success of your investment property.
Dynamic property marketing means that your Big Island Property Management company applies experience, research, and expertise in the market to list your property and find the right tenants. This includes:
- Using rental market analysis to set the right monthly rent for your property.
- Taking expert listing photos and creating a professional property listing.
- Showing your property to prospective tenants—often during evenings and weekends.
- Reviewing tenant applications to find the best tenants for your property.
The success of your rental property starts with setting the right rental price:
- If it’s too low, you lose money on your investment every month.
- If the rental price is too high, your investment property sits empty for too long.
Marketing sets the stage for other essential property management services that help your investment generate the income you need to create sustainable wealth.
In-Depth Tenant Screening
With successful marketing, your Big Island Property Management company’s next critical task is screening the applications that come in. The tenant screening process is crucial! Landlords have to trust their property managers to:
- Find tenants who pay the rent on time
- Ensure they take good care of the property
- Enforce the rules in the lease agreement.
Bad tenants create expensive problems for investment property owners in Kona:
- They fail to pay the rent on time (if at all)
- They cause property damage
- They don’t care about the rules in the lease agreement.
Once they get into your property, bad tenants can be difficult to remove. If you haven’t heard this before, here’s an important principle to remember: the only thing worse than an empty rental property is a bad tenant in your property.
What’s the takeaway? Your expert Kona property manager should:
- Screen every potential applicant
- Check credit history, prior rental history, employment, and criminal history
- Only allow the very best tenants into your property.
When these practices are consistently followed, they reduce tenant turnover and shorten vacancy cycles.
Comprehensive Property Maintenance
Keeping your investment property in excellent condition saves you money—and encourages tenants to stay. Your Big Island Property Management company should provide routine maintenance services throughout the year. Regular inspections and preventive maintenance should be a top priority when seeking property management for your Kona home.
Then, there are the middle-of-the-night emergency maintenance calls to consider: DIY landlords often struggle to handle those after-hour emergencies promptly. It’s rough to wake up to a tenant with a maintenance problem, then try to find a professional who can get to your property right away—without overcharging for emergency repairs. When you don’t live on the Big Island, the “emergency” in “emergency maintenance” takes on a whole new meaning.
Your Kona property manager comes with thoroughly screened, available contractors to handle all after-hours emergencies. Plus, they take those late-night calls—so you don’t have to!
The Right Big Island Property Management Company Does It All!
We’ve mentioned only a few of the most important services landlords need when choosing a Big Island Property Management company. Your expert property manager in Kona should also collect the rent, handle leases and renewals, offer regular financial reports, and provide every other tool you need to secure your financial future.
If you want to reach your long-term financial goals, you need the Big Island experts to take care of your long-term rental property. Hawaiian Dream Properties provides every service that investment property owners need for success, without the hidden fees. Don’t rent yourself short! Contact us: let us help you discover the full potential of your Hawaiian Dream!