Ho'olei Rental Update
Although guest occupancy is down considerably over last year, by as much as 30% by some estimates, we’re finding that competent and aggressive management companies are finding ways to keep the bookings flowing. Trusted companies with great reviews and beautiful presentations get first-click status with vacationers selecting their Maui accommodations.
Ho’olei 12-2, which we at Vacation-Maui.net manage, was rented 15 out of 16 available days in April (we were down 14 days to replace an AC unit. Remarkably, we hit an 85% occupancy rate through June, with an average nightly rate of $895. 12-2 is a first-row unit with a garden view.
We’re actively looking to partner with one or two more Ho’olei owners. Our business model is quite different: we’re small (70 total units under management) and intentionally overstaffed. That’s led to more than 3,600 guest reviews across all of our properties, with a 4.86 star average – highest of any company of which I’m aware. If you’re interested in exploring options, call me at (808) 344-0624.
Kevin Spaise is a Maui Realtor specializing in Maui vacation rental investment real estate. Kevin is an expert in Kihei and Wailea real estate and has been a full time Realtor for 20 years, with more than $120M transacted. He owns Vacation Maui, a property management company with 70+ investment condos under management, and delights in providing real-time performance data to future investors. See KevinSpaise.com, or call him directly at (808) 344-0624.
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Whether you're just starting to explore the options and want a quick overview of the areas and pricing, or specific properties have caught your attention, I would so appreciate the opportunity to share my knowledge and insight with you. Warm Aloha!