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Welome to Home Shoppe Hawaii’s Blog on Oahu Real Estate. Besides featuring great Oahu Homes for Sale, Kailua Real Estate and homes in Honolulu, Kaneohe, Hawaii Kai and the North Shore, and Oahu Luxury Homes, Home Shoppe Hawaii’s Blog reflects our passion for Hawaii Architecture and Hawaii Interior Design.

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Oahu Real Estate Blog

Entries in market rent (3)

Tuesday
Feb262013

Oahu Property Management | Setting Monthly Rent for Oahu Rental Properties Part 4

How to Set the Monthly Rent for your Oahu Rental Property
Part 4 – MARKET VARIABLES AND TESTING THE RENT

In our previous posts we discussed the property, researching Oahu rental properties and setting the rent range … and in this post we will focus on what variables we should consider, and importantly learning how we determine if we set the rent right.

After determining what my Oahu rental property has to offer, researching what other properties on the market are offering and asking, and setting the rent range, I take a look at market variables.  Market variables include

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Monday
Feb252013

Oahu Property Management | Setting Monthly Rent for Oahu Rental Properties Part 3

How to Set the Monthly Rent for your Oahu Rental Property
Part 3 – RESEARCH RENTALS AND SETTING THE RENTAL RANGE

In our previous post, we chatted a bit about what criteria to use when viewing your Oahu rental property and other Oahu rental properties.  You should have a pretty good list of the attributes your property offers, and also a list of advantages, or a small list of shortcomings.  We need to find out for how much other Oahu rental properties in your area have rented, and for how much available properties are being offered.

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Wednesday
Jan302013

Oahu Property Management | Setting Monthly Rent for Oahu Rental Properties PART 1

How can I determine how much to charge for monthly rent on my Oahu rental property? 

What is the fair market rent for my Oahu rental property? 

I am collecting $X per month in rent … is this fair rent for my Oahu rental property?

I get asked these questions all the time.  I often wonder if there is a secret formula out there that I am not aware of and so every so often, I Google® it.  The truth is, every property manager and owner manager sets the rent for their rental properties differently.  Some use comps, others add market conditions, and first-time Oahu investment owners often take into consideration their monthly mortgage/tax/insurance payment.  Add to this, the fact that in Hawaii, we don’t have good rental statistics from which to compare monthly rents (that is, statistics on Oahu investment properties that are rented rather than on offer for rent).   In fact, the only way Oahu property managers can determine what rental properties are actually rented for is to use their currently rented inventory as a gauge and to search our MLS for “rented” properties. 

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