Originally Posted by
dhuey
I’ll bet one of the nasty cost surprises of owning one of these units is maintenance and repair costs. Must cost a bundle on Maui to hire those with the skills to do the job right.
Is it not bonkers to have 3/4 of your rent going to operations costs? Like if you rent out a regular apartment you certainly don't expect to spend 3/4 of the rental income to manage the apartment. Even if you hire a management company and have an old building and other costs you would be very surprised to have even 20% of your rental income gone before taxes and borrowing costs.