Wailea Ekolu Rental Overview
With vacation rental occupancy in South Maui hitting barely 40% and occupancy at Ekolu rentals overall at about 50%, we have to brag a bit: our four Ekolu units under management hit a combined occupancy rate of 72% in April, down just 8% from previous peak years. We manage three 2-bedroom units (102, 310, and 510), which averaged 78% occupancy.
We were able to hold the line on rates as well. Unit 310 averaged a stunning $419 per night, while unit 510 hit $416. We incentivized rentals at unit 102 for one stay ($299 per night), and still managed to average $384 per night. Given the market, it was a stellar month for our Ekolu owners. Check out these units at Vacation-Maui.net.
We recently put a new commission structure in play, eliminating all credit card and other fees. Many owners are paying upwards of 30% management commission without realizing it, with all the built-in fees. Our new flat rate of 25% includes absolutely everything. Our guest reviews are through the roof, our team is passionate about what we do, and we’d love to discuss upgrading your rental game. I also sell a lot of investment real estate: my site is KevinSpaise.com. Our management site is Vacation-Maui.net.
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!