If youโve been thinking about getting your home or condo into the vacation rental marketplace, then thereโs no time like the presentโwith well over six million visitors coming to Hawaiโi in 2021 (and more on the way as the pandemicโs impact hopefully recedes), short-term rentals are a great way to turn your Hawaii investment property into a true investment to accommodate all the travelers looking to spend their vacation here in the Aloha State.ย
Thatโs where we come in: Midway Vacations is Hawaiโiโs #1 destination for discerning property owners to make their homes available in the destination vacation rental marketplaceโbut how much will it cost to start making income on your home or condo?
Just the facts: startup costs
To begin with, every one of our managed properties is assessed a Linen Start-Up fee, which provides your home with all the towels, bedsheets, and other linens it requires, and also includes things like mattress pads and blankets. The start-up fee will vary depending on the size of your unit:ย
- Studios: $250
- 1-bedrooms: $300
- 2-bedrooms: $350
From there, Midway will have your home professionally photographed for maximum exposure and a high-quality presentation across the web, which will cost between $150 and $300, depending on the total size of your unit.ย
Finally, Midway makes sure to provide a thorough, deep cleaning of the entire unit at least 1-2 times per year (and may also request that your property be deep cleaned before your first guests arrive):
- Studios: $250
- 1-bedrooms: $300
- 2-bedrooms: $375
All in all, property owners are thus looking at anywhere from $650 to $1,025 to list their home with Midway Vacations. Midway is proud to offer rates that are highly competitive within the short-term rental field while also delivering the very best in high-quality service and presentation to all our owners in Hawaiโi.ย
The best of all the rest
From there, Midway collects a 18% management fee of the gross rent from the total revenue, leaving you with the lionโs share of the profits and the kind of first-class management services that will have your property making you money in no time.ย
Midway Vacations utilizes in-depth market research and sophisticated pricing models to maximize your rental income, giving you top-tier placement with the best booking platforms on the web. Our dedicated team of professionals keeps your unit sparkling clean and up to date for all your guests, offering you peace of mind as your visitors enjoy an unparalleled experience in the Hawaiian Islands. There are never any restrictions on how often you get to use your own property, and our responsive, dedicated team of customer service professionals is standing at the ready to attend to each one of your travelerโs queries, day and night.ย
Simply stated, Midway has youโand your guestsโcovered every step of the way.
PS: And if youโre not yet a member of our โohana but wish to turn your home into a true investment, then click here to sign up for our free rental evaluation by our property management team, and letโs get going on growing your bottom line today!
Popular Posts
