Originally Posted by
nishimark
If so, are you making a profit on rentals? Or, does the income just cover the expenses but allows you a free place to stay once a year or so? We've travelled to Hawaii many times and I've always wished I would have bought something 20 years ago. I realize that this is not the forum for detailed financial talk, but am wondering if current owners feel like it's still a decent investment.
In my experience, the rental income doesn't even cover the operating expenses (in a condo's case that's the mortgage, the homeowner's fees, etc.). In the past you would hope that appreciation plus the use of the condo would make it worthwhile. There are other variables like whether you have a rental pool and agent or whether you try to handle that yourself.