All Forum Posts by: Brandon Rollins

@Jeremy Baker would love to hear how you got started managing remotely. We’re in escrow and have time, but I’m certainly starting to feel the pressure.

We picked up a 2/1 at Koa Resort and close in October.

Regards,

Brandon

@Patrick Franta

I appreciate your response. The info on using a local bank will certainly save us some time when we do take the plunge.

Since posting these questions I’ve looked at several pro formas and the numbers just aren’t rationale.

My question on the long term vs. short term was based on the cash flow proposition primarily. It appears short term rentals sell for a slight premium and would only make sense if the math did as well. We’re still looking, but I’m not interested in a “capital appreciation” investment that would bleed out 1k monthly.

The point on not using in house mgmt for rentals is interesting. I have much to learn about the short term mkt. Untill then, I’ll just keep chugging along in the Lafayette, Indiana mkt where the flow still makes sense.

Regards,

My wife and I are strongly considering buying a Maui rental property early next year. The areas I’ve been studying are Kihei and a few different resorts around Lahaina. I’ve spoken to a couple different realtors, but all I get from them is ,”this is a great buy.” I’d like to be connected with a numbers driven individual who could help steer us towards something that isn’t a cash flow disaster.

Questions I would have.

What’s the typical premium paid for a short term rental? Is the view worth the 100-200k?

Are we better of working through a local bank?

What complexes are known for having the best short term rental managers? How do you know if a unit has a special assessment looming? On and on.

I’m not new to real estate and helped my father buy and finance two properties on Oahu in the 2003 which he subsequently 1031k’d out of.