Waikiki vacation rentals

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Anyone out there have experience with vacation rentals in the Waikiki area? I am considering purchasing one on the island of Oahu in Hawaii and am doing my initial research. What occupancy rates are normal? Which building? What is the best management company to use, or should I manage it myself? Mahalo.

[Jason Fender]

Hi Mark, I looked into it as well, never purchased though. Occupancy rates can fluctuate mainly depending on the quality of the unit and building. You can go on to the vacation rentals websites and most have a calendar of their availability so that is a great way to check occupancy. Their are a only a number of buildings in Waikiki that allow short term rentals (less than 30 days). I'm a big fan of the Waikiki Banyan. Nice units, nice amenities, low maint fees. Management companies will eat up a lot of your return as they are usually 25%+ but obviously offer a more passive approach. Hope that helps.