Rents for Honolulu Apartments Decline

By
Real Estate Agent with HI Pro Realty LLC RB-21531 RS-76763
https://activerain.com/droplet/5cKM

 

Reported by the Hawaii Business News and reflected in our management experience over the past year, Honolulu has seen a significant decline in median pricing for 2 bedroom units. Rents for leased Honolulu residential apartments dropped 8.3% from last year to $2,200 per month, as reported by HBN.

 

If you haven't considered going Pet Friendly with your Honolulu Investment Property, perhaps now is a good time to start a conversation with HI Pro Realty LLC about how you can experience the benefits of offering your residential rental units to pet owners.

 

As a Pet Friendly landlord in Honolulu, you can charge additional rents for pets, as well as collect additional deposits to cover any incidental damages. With a softening rental market, padding your rental revenue with pet tenants can put you in a better position to achieve a greater return on your investment(provided your properties H.O.A. or A.O.A.O. are pet friendly).

 

In an unpredictable market, having the additional revenue created from being a Pet Friendly landlord can be substantial. With that said, being an effective Pet Friendly Property Manager is not easy and there is inhearent risk involved. Finding the right Pet Friendly Property Manager in Honolulu can be a challenge if you don't know where to begin.

 

No worries, look no further, HI Pro Realty LLC is an experienced Pet Friendly Property Manager in Honolulu, Hawaii. As pet owners we love pets and understand the importance and quality of life that comes with a pet companion and strive to provide responsible, comprehensive, and cost effective Pet Friendly property management services.

 

We have a former dog breeder on our team and we have enjoyed and have successfully leased Pet Friendly properties in Honolulu for a combined total of over 50 Years. More importantly we understand the risks involved, the insurance required, and the experience necessitated to effectively manage Pet Friendly properties.

 

Don't make the mistake of using just any property manager,

use HI Pro Realty!

 

 

 

 

 

 

Posted by

 HI Pro Realty - PET FRIENDLY HONOLULU REALTOR, PROPERTY MANAGEMENT

 

HI Pro Realty LLC - REALTORS®, PROPERTY MANAGERS® is a boutique brokerage firm offering responsive, dedicated, and professional Real Estate Sales and Management Services in Honolulu, Hawaii. 

 

 

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Rainmaker
1,329,658
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Good morning, Kimo. 

Pet friendly housing. A lot of our prospective tenants have pets. I am sure, tenants will appreciate information you gave to them and find new home with you! 

Jun 12, 2018 06:16 AM #1
Rainmaker
2,965,692
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Pet friendly is certanly an important feature to many prospective tenants and you are wise to educate landlords as to the advantages !

Jun 12, 2018 06:18 AM #2
Rainmaker
911,659
Valeria Mola
SIB REALTY - Sunny Isles Beach, FL
305-607-0709 SIB Realty

I have a dog. I am lucky to own my condo. But when you are a tenant, it is hard to find pet friendly condominium or "petfrindly" landlord! Thank you, great post, Kimo.

Jun 12, 2018 07:21 AM #3
Rainmaker
680,569
Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha Valeria Mola, understanding the local market for pet friendly housing is not always easy, especially if you never have had to move to or live in an area were Pet Friendly housing is an issue. Knowing the full breadth of your options is crucial to making the right housing decisions for you and your fuzz family. Thanks for the visit.

Jun 15, 2018 01:24 PM #4
Rainmaker
2,952,089
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Kimo interesting in my market nothing has declined, all properties have been increasing for Lease or for Sale, as to Pet Friendly we have landlords that charge a premium and pet owners are willing to pay Endre

Jun 19, 2018 11:23 PM #5
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Rainmaker
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Kimo Stowell

REALTOR Associate® RS-76763 - Honolulu Hawai'i
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