03-02-2012, 07:38 AM
I didn't see if you meant vacation rental or regular rental, but either way you could go to craigslist and vrbo.com to see what the market is bearing. From what I've seen there are so many vacant rentals available the only way you are going to compete is to ask so little that you'll attract the worst tenants. I did recently read an article that the rental costs on the big island are continuing to fall- something that is unheard of in most other markets. Could you imagine getting your landlord to lower your monthly rent because its no longer comparable with the market?