This Honolulu, Hawaii condo was initially in need of some serious attention. Purchased by the an elderly couple nearing retirement with the intent of holding onto it as a long-term investment, this condo was dated and not very well managed. Finding long-lasting tenants proved to be quite the headache, consuming much more of the couple’s’ time than they had anticipated.
Fortunately, the couple discovered The Rent Revolution in 2013 after one of their tenants wanted out of their lease. The Rent Revolution took over the lease and worked out a deal to remodel their unit, paying for the costs of labor while the elderly couple paid for the cost of goods. Four years later, the couple have not missed a single month of rental income, nor have had to deal with any tenant complaints, calls, or property management issues. Since The Rent Revolution constantly inspects and maintains their units, their property looks just as good, if not better, than it did 4 year earlier.
With the help of The Rent Revolution, this elderly couple generates between 8-11% more income thanks to a 0% vacancy rate. And because of The Rent Revolution’s persistent maintenance of their property, they enjoy a steady property value that consistently produces a reliable source of income.