These days, an increasing number of homeowners choose to rent their property—either full-time or only during select times of year—as a way to make some extra income. This is especially popular in Hawaii, where beautiful beaches bring thousands of tourists to visit the islands each year. If you’re considering renting your property, the team at Lani Properties Corp CPM in Honolulu, HI, notes that there are a few steps you should take to get ready to rent a condo.
Be sure to take the following steps prior to renting your property:
- Inspect Your Property: Home inspections aren’t just for home sales! If you wish to rent a condo, you should inspect it for any major issues and complete all necessary repair work prior to listing it for rent. Leaks, cracks, and other hazards can drive away renters and decrease the value of your rental.
- Update: While long-term renters typically provide their own furniture, vacation rentals are expected to come fully furnished—and to give your guests a high-value experience, it’s well worth it to spend a little extra to upgrade your appliances and furniture. New appliances can ultimately help you save money when you lease your condo, as these are less likely to require maintenance and repair work.
- Clean Up: Finally, make sure your rental property is clean before your renters arrive! Pay extra attention to the flooring and the windows. Repainting the walls can also brighten up your property. If you choose to rent a condo for vacationing tourists, it may be wise to hire a cleaning service that visits the property between guests to ensure that your property is always in top shape for the next arrivals.
Whether you wish to rent a condo or buy a house, the dedicated team at Lani Properties Corp CPM is ready to help you make the right financial move. To learn more about their services, visit them online or call (808) 521-0081.