Rent by Room - Honolulu, HI

[Kyle Bambu]

Hey everyone. I have a few rental properties in AZ and PA. My strategy in Arizona has been adding bedrooms and renting by the room - currently getting 850-950/room in nice neighborhoods. The rental market here seems to be cooling and it's hard to pencil deals even if I rent by the room to achieve higher than average rents. My sister recently moved to HI, and I figured that might be an interesting market because of high rents and HCOL - although also high property values. Are there any realtors in HI that can speak to how robust the Honolulu market is? Is there strong demand for rentals and is it potentially possible to rent a room for 1500-2000 depending on the location (slightly cheaper than a studio from what I've been seeing which is how I priced my rooms in AZ)? Any advise or guidance is appreciated. Thank you!