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Updated over 9 years ago,

User Stats

6
Posts
2
Votes
Frank Even
  • Laveen, AZ
2
Votes |
6
Posts

Rental property on the Big Island, Hawaii, first time landlord

Frank Even
  • Laveen, AZ
Posted

Hey all.  I just closed on a house on the Big Island of Hawaii a couple weeks ago and already have renters lined up through my real estate agent.  I had been intending on doing a vacation rental with it for the next few years to get it to start paying for itself while I settle things down in Arizona, but these friends of a local realtor who contacted my realtor need a place in my neighborhood and apparently rentals are sparse there.  

This is my first for all of these things (being a landloard, 2nd home owner, remote home owner, remote landlord).  I need to come up with a lease, specific to Hawaii.  Any particular advice I could get on that would be most welcome.  Any particular due diligence I should be trying to do here as well?  Is this (listed in the resources)  https://biggerpockets.mysmartmove.com/  an adequate screening for my purpose?

Thanks for any help anyone can provide.  I sincerely appreciate it.

Frank

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