02-22-2012, 08:06 AM
I follow the Tripadvisor forums for all the Hawaiian islands, where people come and post when they do have problems. The foreclosure issue has been very real.
A property management company that handles multiple units is able to place a visitor in a comparable unit if something goes wrong, so that is something even though not wonderful when it happens.
A brokerage also has far more at stake in being a good steward of a rental deposit.
This is a statewide bill, and the less expensive rentals on the east side are not typical of the rental business. People come for affairs like weddings, for example, and rent estate type homes, at up to $2000 a night, full payment always required 60-30 days out. You can be talking $15,000 they trustingly send off to some owner, and then they get burned and find no recourse.
It's not primarily about little mom and pop rental businesses. There is a huge luxury home and luxury condo rental business, and it should be handled professionally, as jackson pointed out.
A property management company that handles multiple units is able to place a visitor in a comparable unit if something goes wrong, so that is something even though not wonderful when it happens.
A brokerage also has far more at stake in being a good steward of a rental deposit.
This is a statewide bill, and the less expensive rentals on the east side are not typical of the rental business. People come for affairs like weddings, for example, and rent estate type homes, at up to $2000 a night, full payment always required 60-30 days out. You can be talking $15,000 they trustingly send off to some owner, and then they get burned and find no recourse.
It's not primarily about little mom and pop rental businesses. There is a huge luxury home and luxury condo rental business, and it should be handled professionally, as jackson pointed out.