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At Maui Condo and Home we work hard to simplify things for you. Our homeowner program is comprehensive and designed to make it easy for you to deal with the homeowner accounting and record-keeping part of having a Maui home.

Accounting Services for Homeowners

Maui Condo and Home’s bookkeeping and accounting department offers the following accounting services to make banking and filing your taxes easier:

  • You have the option of having the Maui Condo and Home accounting team file your Hawaii State General Excise Tax (GET) and Transient Accommodations Tax (TAT) for a small additional fee. Taxes are due to the State semi-annually, quarterly, or monthly depending on the annual revenue achieved - frequency is decided by the State.
  • Yearly 1099 and 1042 forms distributed per US Federal guidelines.
  • Monthly income and expense statements are available online as well as hard copy mailed to you including copies of all invoices for your records (invoices are not uploaded on-line). Statements are typically uploaded to Owner Portal by the 5th of each month
  • Option for rental funds via ACH transfer to US banks and are typically processed no later than the 10th of each month.

Homeowner Property Onboarding

While there are no start-up fees to sign up with Maui Condos and Home, we do require owners to establish and maintain a “working balance” of $500. This working balance is used to pay for home owner expenses and to pay vendors such as housekeeping and maintenance. As per our management contract, proof of a liability $1 million insurance policy is required listing Maui Condo and Home as an additional insured.

Upon executing our property management agreement and joining the Maui Condo and Home rental management program, we will provide you with a minimum/standard requirements list of inventory items that will need to be in your home to get it vacation rental ready. If you do not have these items, we can assist you with purchasing them and have them placed in your vacation home. Additionally, we require all Maui vacation rentals to have an Oracode Kaba lock or similar key-less lock system installed on the front door (cost is estimated to be $700). This is for your personal and guest safety as well as to limit liability and access to your vacation rental.

As part of our homeowner onboarding process Maui Condo and Home will arrange and pay to have professional photos taken of your condo. These professional photos are an integral part of marketing your Maui condo on our website and our channel partner sites. In the event you as an owner make significant upgrades and updates to your condo, Maui Condo and Home will arrange for new professional photos to be taken at an owner's expense.

Terms and Fees

What makes us stand apart from our competitors is that Maui Condo and Home does not pool revenue. Revenue from your vacation rental will go to you, less any commission and operating expenses. An example of operating expenses includes but are not limited to credit card fees, travel agent/partner commissions, cleaning and maintenance fees, and charges. Maui Condo and Home’s commission is 22 – 25 percent for regular bookings and 10 percent for bookings generated by you but coordinated by us.