Buying Advice

The Joy of Owning a Vacation Rental

Are you looking to buy real estate as an investment? If you are, you’re apt to consider things like appreciation, cash flow, tax advantages, etc. These are all good reasons for you to buy real estate as investment. But, when it comes to buying a vacation rental, there is a very important benefit for you to consider. You get to use it!

I’ve owned several investment properties over the years. Some turned out to be great, others not so much. Not all were in Hawaii. I have no regrets because each investment, good or bad, contained a lesson. And, here’s what I’ve learned. Nothing will bring you more pleasure (and income) than a short-term vacation rental. Really. At least, that is the case in my own experience.

yellow arrow points to condo in kulima east on oahu

There are lots of reasons to purchase a legal short-term vacation rental. Short-term rentals can reap high financial rewards, especially on Oahu where restrictions prevent most properties from being rented legally for less than a 30 day basis. Rents based on a per night basis usually result in a good return. Of course, you need to look at location, carrying costs, seasonal adjustments, etc., but in general, units that rent short-term do well. Very well.

But, here’s the thing. Not all investments are held strictly for monetary reward. What about personal benefits, like having your own home away home? Does the idea of having your own little getaway appeal to you? Do you like the idea of holding real estate both as an investment, as well as for the sheer pleasure of it? If you do, then I strongly recommend you consider purchasing a short-term vacation rental. It won’t be easy because they’re in demand, and at least on Oahu, not always easy to secure. But, if you can find something that will generate income, and provide you with some fun in the sun, you won’t regret it.

man playing gold on green grass at kulima east on oahu

sign for haleiwa north shore food gas shops beaches

Case in point — we own a one bedroom, one bath unit at Kuilima East on the North Shore of Oahu. It’s a gated community on the golf course, and some of the best beaches and spots on the north shore are in close proximity.  We’re fortunate to have two awesome property managers — Diana Ricciuti and Jill Lawrence. They are two of the best. They have a beautiful portfolio of properties, including the Kuilima Collection. One thing — when it comes to owning a short-term rental, you want good management. Trustworthy, competent management. I’m grateful for these two and I can rest assured that even the minutest detail is covered.

aerial view of kulima east vacation rental on north shore oahu

The best part of owning a short-term rental is the benefit that comes from being able to block out time for your own personal use. We love the fact that we can jump in the car and spend a few days at our own home sweet home getaway. It’s special. Peaceful. And it’s ours.

interior kulima east oahu vacationtental kithen and living room

Whether you live in Hawaii or on the mainland, wouldn’t it be nice to have a place to go to? A place where you can hang your own shingle and relax? A place that you can rent out when you aren’t using it and one that pays for itself? There are several good options on Oahu, including some select buildings in Waikiki. But, Kuilima East and Kuilima West on the north shore of Oahu are my personal favorites. You can’t find a better location. You’ll be close to some of Oahu’s best beaches, golf courses, trails, eateries. and scenic spots. You’ll love the north shore vibe and what better way to pay for your vacation or second home then by monetizing it as a short-term rental?

market stall with bags of fresh papaya, pineapple, and mango

sign for matsomoto shave ice shop

Prices vary at Kuilima based on location, condition, size, and layout. There are several on the market now ranging from $875,000 to a little under $2 mil, so give me a call if you are interested in exploring options. I’d love to help you find your own slice of paradise. And, if buying isn’t an option, no worries. Book your stay and enjoy some rest and relaxation at Kulima East.

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