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Updated about 2 years ago on . Most recent reply

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297
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87
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Carrie Giordano
  • Investor
  • Marina Del Rey, CA
87
Votes |
297
Posts

STR Maui -Realist to make a profit?

Carrie Giordano
  • Investor
  • Marina Del Rey, CA
Posted

I've been interested in STR in Maui for quite some time. So many people have told me that it won't cash flow and is incredibly hard to find one I can legally rent as a STR.

Has anyone been successful doing this? How is the market on Maui looking? I’m most interested in the Kihei/Wailea area.

I heard Brandon Turner say his makes $5k a month but not sure what the actual cash flow is after expenses. Does anyone have the link to his listing?

Most Popular Reply

User Stats

298
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185
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Mike Neubauer
Pro Member
  • Rental Property Investor
  • Waikapu, HI
185
Votes |
298
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Mike Neubauer
Pro Member
  • Rental Property Investor
  • Waikapu, HI
Replied

Aloha @Carrie Giordano

I'm doing it full time, from here on Maui.  They do very well for me, however there are some caveats.  I can go over them in detail with you if you like, but essentially 1) You have to know where to buy.  2) You have to be very aggressive when something comes up that meets your buy box.  3) You have to play the long game.

The market is still red hot for STRs out here. At any given time there's only a dozen or so STR properties on the market that I would even look at. Of those there are usually between 0-3 that I would pull the trigger on (Usually closer to 0). I think right now there is one.

I have the link for Brandon's listing, but I'm not going to share that out of respect for his privacy.  He doesn't manage his own listings anyway.  If you have any more questions, I'm happy to share what I know.  Just shoot me a DM.  Mahalo!  

  • Mike Neubauer
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