Our Services
Aloha and welcome. Take a moment to visualize yourself relaxing in Waikiki enjoying a mai-tai. That balmy air hits you and the fragrance of flowers surrounds you and you realize it is not a dream, its real. Here at L&M management, we do not charge any upfront fees to our clients, so no worries. Our property management company can determine a fair rental price in the current Oahu rental market using various market data. With limited housing in Honolulu, Hawaii, and the price of homes at astronomical levels, rentals are an affordable alternative to buying a home. We charge a competitive fee of 8% to manage your property. So contact us soon, and enjoy the maximum yield from your investment. You will be glad you did.
Where is the real estate market headed? It looks like real estate sales are dead in the water and will be for the foreseeable future. Real estate prices are not crashing down but the dollar's purchasing power is declining fast. The national debt is growing at 2 million dollars a minute and stands at over 34 trillion. How does that affect the value of real estate? So, for example, if $1,000,000 is worth only $600,000 in the next two years in terms of purchasing power, and the price of your new home is $1,000,000 today, our guess is that the price of your new home, in the next two years, will still be at $1,000,000 but that $1,000,000 will only buy $600,000 in goods and services. So, in effect the price stays the same (nominal value) but the real value (in terms of the dollars purchasing power) actually declines. On the plus side, it makes all that debt you took out to buy your new home decline as well. So who does this damage the most? We believe it will hurt the average guy on the street. The guys that missed out on the low real estate prices and low mortgage interest rates but want to buy a home and used to be able to qualify for a mortgage loan. You know, the middle class. Ultimately now is the worst time to invest in real estate as it is no longer a way to make any money or get ahead in our rather dismal economy. Those days are gone. Our crystal ball shows the commercial real estate sector crashing down hard in the coming months and years ahead with no one working in office buildings in downtown metropolitan statistical areas. This will significantly damage commercial buildings landlord's ability to repay their commercial loans as their tenants are working from home (maybe in one of our rentals). This will result in commercial loan delinquency hammering our US banking system like a sledgehammer. Ultimately this will damage the bank's ability to make residential mortgage loans and result in job layoffs, a declining economy, declining GDP and GDI and ultimately the price of homes in America. Lions tigers and bears oh my. Wow, you can't make this stuff up and its 100 percent real. The powers that be, (you know, our creepy politicians) don't like mom and pop landlords. They wiped out so many during the COVID years. Wall street hedge funds stole our residential rental idea and weaponized it to make the 1 percent richer. We don't give investment advice but from our view, real estate today is a losing game for the average guy. It's unfortunate for those looking to enjoy the American dream and it sucks waiting for the market to turn around. Real estate moves in slow long cycles and it's hard to tell when it will bottom out. The dynamics have changed with so many homes gobbled up by the hedge funds. Ever wonder how politicians get rich fast, maybe some hedge fund kickbacks. None of the hedge funds invested in Hawaii because it is so upside down in terms of return on investment that it makes no sense to invest here. When you add up mortgage expense, insurance, taxes, maintenance and HOA costs, it make no sense. Some HOAs, at luxury buildings, are north of 3 thousand a month and raising fast. And just to add insult to injury, some of these condos are not fee simple, you also pay a hefty monthly lease fee for the land. And guess what, at the end of the lease, its no longer yours. Made no mistake, this is in no way sustainable.
TIP OF THE DAY: When purchasing stainless steel appliances for your rental, always bring a magnet with you to test the quality of the steel. If the magnet sticks to the appliance do not purchase it. Here in Hawaii, with our high levels of moisture and salt air, it will soon rust and look awful due to the high iron content in cheap stainless steel metal. If the magnet does not stick, that means it is a high quality stainless steel, and super resistant to staining and rusting.
OUR MOTTO: The difficult we do immediately, the impossible takes a little longer.
Where is the real estate market headed? It looks like real estate sales are dead in the water and will be for the foreseeable future. Real estate prices are not crashing down but the dollar's purchasing power is declining fast. The national debt is growing at 2 million dollars a minute and stands at over 34 trillion. How does that affect the value of real estate? So, for example, if $1,000,000 is worth only $600,000 in the next two years in terms of purchasing power, and the price of your new home is $1,000,000 today, our guess is that the price of your new home, in the next two years, will still be at $1,000,000 but that $1,000,000 will only buy $600,000 in goods and services. So, in effect the price stays the same (nominal value) but the real value (in terms of the dollars purchasing power) actually declines. On the plus side, it makes all that debt you took out to buy your new home decline as well. So who does this damage the most? We believe it will hurt the average guy on the street. The guys that missed out on the low real estate prices and low mortgage interest rates but want to buy a home and used to be able to qualify for a mortgage loan. You know, the middle class. Ultimately now is the worst time to invest in real estate as it is no longer a way to make any money or get ahead in our rather dismal economy. Those days are gone. Our crystal ball shows the commercial real estate sector crashing down hard in the coming months and years ahead with no one working in office buildings in downtown metropolitan statistical areas. This will significantly damage commercial buildings landlord's ability to repay their commercial loans as their tenants are working from home (maybe in one of our rentals). This will result in commercial loan delinquency hammering our US banking system like a sledgehammer. Ultimately this will damage the bank's ability to make residential mortgage loans and result in job layoffs, a declining economy, declining GDP and GDI and ultimately the price of homes in America. Lions tigers and bears oh my. Wow, you can't make this stuff up and its 100 percent real. The powers that be, (you know, our creepy politicians) don't like mom and pop landlords. They wiped out so many during the COVID years. Wall street hedge funds stole our residential rental idea and weaponized it to make the 1 percent richer. We don't give investment advice but from our view, real estate today is a losing game for the average guy. It's unfortunate for those looking to enjoy the American dream and it sucks waiting for the market to turn around. Real estate moves in slow long cycles and it's hard to tell when it will bottom out. The dynamics have changed with so many homes gobbled up by the hedge funds. Ever wonder how politicians get rich fast, maybe some hedge fund kickbacks. None of the hedge funds invested in Hawaii because it is so upside down in terms of return on investment that it makes no sense to invest here. When you add up mortgage expense, insurance, taxes, maintenance and HOA costs, it make no sense. Some HOAs, at luxury buildings, are north of 3 thousand a month and raising fast. And just to add insult to injury, some of these condos are not fee simple, you also pay a hefty monthly lease fee for the land. And guess what, at the end of the lease, its no longer yours. Made no mistake, this is in no way sustainable.
TIP OF THE DAY: When purchasing stainless steel appliances for your rental, always bring a magnet with you to test the quality of the steel. If the magnet sticks to the appliance do not purchase it. Here in Hawaii, with our high levels of moisture and salt air, it will soon rust and look awful due to the high iron content in cheap stainless steel metal. If the magnet does not stick, that means it is a high quality stainless steel, and super resistant to staining and rusting.
OUR MOTTO: The difficult we do immediately, the impossible takes a little longer.
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Why should you get a property manager?While rental property investments might look like a rewarding and positive venture, managing both tenants and properties can be challenging. As such, you may need to hire a good property manager to make your life easier. This is an especially good idea for rental property owners who have no experience or don’t want to spend their time managing a rental property by themselves . With a property manager, you’ll be able to ask questions if you run into any trouble with your property. Here are some reasons why you should hire a residential property manager to manage your residential property.
Set the correct price – You can look online to see what the other landlords are charging for the same kind of property to get an idea of the rent you should charge, but a good property manager will do a complete analysis of the market to determine the optimal price. You’ll have the right balance between increasing your monthly income and keeping downtime to a minimum. Search for the most qualified tenants – An experienced property manager can help you find the best tenants. The property manager also takes care of all the details related to your property, like sorting through legal issues, verifying employment, performing security checks, and checking references. Collect and deposit the rent payments – If you have any experience in billing, you know that collecting payments from customers can be challenging. Property managers have various techniques to collect monthly rent from tenants in a timely manner. The most efficient property managers will offer you the option of depositing rents directly into your bank account on the same day it is received. This is provided your bank has a branch in Hawaii, such as Navy Federal. Proper marketing of your property – An experienced property manager knows exactly where and how to advertise and market your property. He knows the best and most effective internet sites to advertise on. Maximize profits – Hiring a property manager will help you maximize profits on your rental investment . A property manager usually receives a percentage of your property’s monthly gross rent in return for their services. This rate ranges between 8% and 10%, which is usually less than what you’d pay to hire a team of professionals to handle the things the property manager will handle. Landlord/Tenant Relations – In addition to finding good tenants, a property manager will ensure things run smoothly. He will maintain a good relationship between the tenants and the landlord. The property manager takes care of routine inspections and deals with every situation that comes up. |