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Maui Vacation Rental

What you should know before buying a Vacation Rental 

The National Association fo Realtors found that last year 1.13 million vacation homes were sold across the country. Here’s what you should know befoer buying a Maui vacation home or condo that will also be an investment property for you.  

 

1.  Be sure you have sufficent finances to care for and manage the property without depending on the rental income just in case something goes awry. 

 

2. Permitting can be an issue, make sure the property you choose is in an area that can be legally permitted as a vacation rental.  Familiarize yourself with the Maui County vacation rental permitting process as sometimes it can be quite difficult and timely to obtain a legal vacation rental permit.  There are three types of vation rental permits in Maui, bed and brekfast homes, transient vacation rentals and short term rental homes, all with various technicalities.

 

3. Consider where the majority of vacationers would like to rent, somewhere close to the beach, shopping and restaurnats.

 

4. Be realistic about homeownership costs as well as rental income.  There is much to consider when purchasing a vacation home such as HOA fees, permit costs, management and maintenance.

 

Maui’s irresistable beauty makes it a great place for investment properties!

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About The Smith Team

Ken Smith, a Maui resident for 35 years, brings his extensive local knowledge and passion for the island to his successful real estate career. Alongside his daughter-in-law, Melissa Smith, and Greg Smith, the Smith Team provides a wealth of experience and dedication to clients seeking to buy or sell property in Maui.

Melissa Smith, a third-generation Maui native, combines her deep understanding of the island's growth with a commitment to exceptional service. She empowers clients with knowledge to make informed decisions in finding their dream homes. With a background as a top agent and a Broker's license, Melissa's expertise is invaluable.

Gregory P. Smith, a lifelong Maui surfer, channels his passion for the island and its natural beauty into his real estate profession. His enthusiasm, deep market knowledge, and dedication to exceeding client expectations make him an exceptional agent.

The Smith Team's combined local expertise, commitment to client service, and understanding of the unique Maui real estate market make them an ideal choice for those looking to navigate the island's property landscape. Their proven track record ensures a smooth and successful experience for both buyers and sellers.