Why Hire Us

Is a Property Management Company Right For Your Real Estate Investment?

Property management - also known as real estate management or rental management - is best for owners of real estate who want professional help overseeing the financial, marketing, and maintenance of a property.

The property manager shoulders the responsibility of handling the day to day tasks of finding and screening qualified tenants, executing leasing or rental agreements, collecting rents, handling tenant complaints, building maintenance and repair, as well as a complete financial accounting and reporting to the property owner.

Reasons to Hire a Property Manager

If you've owned income property for any length of time, you know that managing a rental can be financially rewarding. At the same time, you've also likely discovered that property management requires a large commitment of time and effort.

While it may make sense to take the do-it-yourself approach if you're a handy person, live close to your property, and don't mind devoting several hours per month to the task, in many cases this just isn't practical---especially if you hope to expand your business. With this in mind, here are some critical tasks we can help you with:

1. Setting the right rental rates: While looking through the classifieds to see what other landlords are charging for similar properties is a fine way to ballpark your rent price, Hawaii Dream Realty LLC conducts a thorough market study in order to set a rental price for your property, ensuring that you achieve the perfect balance between maximizing monthly income and maintaining a low vacancy rate.

2. Collecting and depositing monthly rent payments on time: If you've ever worked in a billing department, you know that securing payment from clients can be difficult, not to mention awkward. Hawaii Dream Realty LLC uses efficient, tried-and-true systems in place to effectively collect rent and maintain on-time payments. You'll find this particularly important if you have a limited number of properties, and collecting payments on time is crucial to maintaining your cash flow.

3. Marketing and advertising your property: Through long experience, we will know exactly how to market your property and how to craft compelling advertising materials---a significant advantage when it comes to filling your properties quickly and avoiding long vacancies.

4. Finding the right tenants: We are experts at finding good tenants, and will take care of all the details, including the securing all criminal background and security checks, running credit reports, and verifying employment.

5. Managing tenants: In addition to finding good tenants, Hawaii Dream Realty LLC manages all aspects of the tenant-landlord relationship handling both routine and emergency maintenance, taking care of inspections, and managing any situations where conflict resolution is required.

6. Managing vendor relationships: Hawaii Dream Realty LLC has established  relationships with maintenance workers, tradesmen, contractors, suppliers, and vendors that it's almost impossible for an independent landlord to duplicate. 

7. Ensuring that you're in compliance with housing regulations and property laws: There is a multitude of applicable laws and regulations to abide by when renting and maintaining your rental property. These include local, state and federal regulations, as well as fair housing regulations (such as the ADA). We can help you avoid lawsuits by keeping your property up-to-date and in compliance with these regulations.

8. Enabling you to invest in geographically distant properties: If you manage your own properties, you're pretty much limited to investment opportunities within a tight radius of your own home. By hiring Hawaii Dream Realty LLC, you know your Oahu investment deals are properly managed. 

9. Maximizing the profitability of your time: Hawaii Dream Realty LLC takes care of the day-to-day aspects of running your income property enabling you to spend your time identifying further investment opportunities or otherwise furthering your career.

10. Maximizing the profitability of your money: We only charge a property management fee if you are earning income.  Our long term management fee typically runs at 10-15%, which is generally less than the money you save by hiring a professional to take care of your property.