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Hawaii: The Aloha State
Hawaii has an estimated population of 1,455,271 residents. Honolulu serves as the capital city of Hawaii and also its largest. Hawaii is known for its diverse population, mild climate, and natural beauty, as evidenced by its many sparkling beaches and lush greenery. The Aloha State is also the third-wealthiest state in the country, though it also boasts one of the highest costs of living.
Hawaii also has a vibrant arts scene. There are many museums that reside in the state, such as the Bishop Museum
, the Honolulu Museum of Art
, Iolani Palace
, and the Hawaii State Art Museum
. Performing arts companies like the PlayBuilders of Hawaii
, the Hawaii Opera Theatre
, Ballet Hawaii
, and the Hawaii Symphony Orchestra
also call the state home.
Additionally, the Aloha State holds several events throughout the year. This includes the Merrie Monarch Festival, the Hawaii International Film Festival, and the Rainbow Film Festival. Aside from its natural attractions and arts scene, Hawaii also draws in millions of visitors thanks to its diverse local cuisine.
Colleges and universities located in Hawaii include those in the University of Hawaii system
, Brigham Young University-Hawaii
, and Hawaii Pacific University
. Other attractions include the Hawaii Volcanoes National Park
, Haleakala National Park
, Hanauma Bay
, and Na Pali Coast State Wilderness Park
The State of Hawaii's Rental Market
Hawaii has one of the most expensive housing markets in the United States. The median sale price
for a home in this state is $700,000, representing a 12% year-over-year change. Hawaii also has one of the largest renter populations. In fact, 41.4% of the state's residents rent their homes.
Image via towncharts.com
In terms of rent, Hawaii also boasts a high price tag. The median rent here was $1,651 in 2019, and the rate has been increasing since 2016. In comparison, the national median rent in 2019 was $1,097.
Image via deptofnumbers.com
Clearly, Hawaii has a lot of things going for it. It has a wide pool of renters and above-average rent, making it an ideal place for property investors and landlords.
How a Hawaii Property Management Company Can Help
Hawaii obviously has a flourishing rental market. And, this is exactly the reason the Aloha State attracts many property investors. However, managing rental property in Hawaii is harder than it looks, especially if you don't know where to begin. Most landlords also lack sufficient time to fulfill the many responsibilities that come with rental management.
This is where a Hawaii rental management company can step in.
With expert services, rental property owners can sleep well at night knowing their investments are in capable hands. A property management company can perform all of the tasks that a landlord would usually do, including but not limited to:
- Advertising your property
- Screening tenants
- Showing the property to applicants
- Setting the rental rate
- Writing up your lease agreement
- Performing property inspections
- Collecting rent
- Enforcing the terms of your lease
- Managing maintenance and repairs
- Budgeting and financial management
- Helping with tax preparation
- Overseeing the eviction process (if necessary)
Look for Property Management in Hawaii
If you own rental properties in Hawaii and you're looking for a dependable property management company, our online directory
can help you. Rental Choice makes it easy to discover and connect with proven rental professionals in the state of Hawaii. Simply select Hawaii from our US map or enter your zip code to view property management companies in your area.