Corporate Rentals
Do You Own a Furnished Rental?
Recent changes to Oahu’s Short-Term Rental ordinances have shifted the landscape for property owners, prohibiting many from offering nightly stays. This has sparked a growing demand for mid-term rentals creating a unique opportunity for owners of furnished properties to provide housing for corporate rentals.
At Hawaii Coastal Property Management, we’ve embraced this shift by forging strategic partnerships with staffing companies that place healthcare professionals (including physicians, nurses, and executives), military personnel on temporary assignments, housing project teams, and remote workers into properties once used solely for short-term rentals. This thriving niche has become a boon for owners looking to retain their investments and generate consistent income.
We proudly serve the following Oahu communities: Metro Honolulu, Pearl City, Aiea, Waipahu, Waikele, Ewa Beach, Kapolei, Waikiki, Kaimuki, Kahala, Aina Haina, Hawaii Kai, Kailua, Lanikai, Kaneohe, Hauula, Haleiwa, Pupukea and Waialua.
With our specialized expertise in this market, we’re equipped to help you capitalize on this trend and seamlessly transition your furnished rental into a profitable mid-term rental operation.
What Are the Legal Challenges with Mid-Term Rentals?
Navigating the legal landscape of mid-term rentals can be complex, but we’re here to simplify it for you. While these rentals are not subject to Oahu’s strict short-term rental ordinances that govern nightly rentals, they remain subject to the State Transient Accommodations Tax (TAT) and the Oahu Transient Accommodations Tax (OTAT) if the stay is less than 180 days.
We assist our clients by ensuring these taxes are properly collected from guests or tenants and filed with the state on their behalf, keeping you compliant without the headache. Beyond taxes, building and HOA restrictions can pose additional hurdles, as some properties prohibit rentals of any length or impose specific minimum stay requirements. During a consultation, we review your property’s unique situation, leveraging our expertise to confirm compliance with local regulations and HOA rules.
With Hawaii Coastal Property Management, you gain a partner dedicated to helping you overcome these challenges and maximize your rental’s potential.
Setting up a Corporate Rental for Success
Transitioning to a corporate rental model can be a financially lucrative opportunity in many cases, and our team of experts is here to ensure your property thrives in this niche. With extensive experience in both establishing and managing mid-term rentals, we provide comprehensive support tailored to your needs.
We can guide you with a detailed checklist of steps to prepare your property for success—or take it a step further by handling the entire setup process for you. From purchasing furnishings and décor to unpacking, installing, and offering professional design services, we transform your space into an appealing, market-ready rental. Explore our property portfolio to see how our team excels at presenting and marketing properties to maximize appeal and profitability.
With Hawaii Coastal Property Management, you’ll have the expertise and resources to hit the ground running and capitalize on this growing demand of Mid-Term Rentals in Hawaii.