Pricing and Fees FAQs

Just like with any rental property, accidents can happen, and sometimes guests or tenants may cause damage to furniture or create additional expenses. First, we want you to know that we do not accept just anyone who wants to rent your home. We have a screening process in place to help determine whether a tenant or guest is a good fit.

For long-term rentals, we require credit checks, background checks, criminal history checks, eviction history checks, and bankruptcy checks. We do not accept tenants with a history of collections, evictions, or other major red flags.

For short-term and mid-term rentals, the process depends on where the guest or tenant is coming from. If they are coming through an insurance temporary housing company or another agency, we negotiate a security deposit whenever possible. If the booking comes through a short-term or mid-term rental platform, there are systems in place to request reimbursement for damages to the home or furniture. In addition, platforms such as Airbnb and VRBO may provide liability coverage of up to $1 million, depending on the booking and platform terms.

However, owners should understand that no screening process or platform guarantee can completely eliminate risk. For this reason, we strongly recommend maintaining appropriate homeowner, landlord, or short-term rental insurance coverage and consulting with your insurance provider to ensure your policy aligns with your rental strategy.

Our goal is to minimize risk through careful screening, proper documentation, security deposits when available, and prompt handling of any issues that may arise. While no rental arrangement can guarantee that damages will never occur, we take every reasonable precaution to protect your property and your investment.

Our pricing strategy is based on market value, demand, and our hands-on experience in the short-term and mid-term rental market. We focus on maximizing the property’s return while keeping expenses as efficient as possible. Our goal is simple: the more our owners make, the more we make — so our interests are fully aligned. Management needs can vary based on the property type, rental strategy, lease structure, tenant situation, and local market conditions. Lakai Properties focuses on maintaining organized communication, responsive coordination, and consistent follow-through for both owners and residents. Depending on the situation, additional evaluations, documentation, maintenance coordination, scheduling, or compliance steps may be required. The goal is to help property owners protect their investment while creating a smoother experience for renters, guests, and vendors involved in the property.

No, we do not have hidden costs. We believe in being transparent with our clients from the beginning. The owner is responsible for property-related expenses such as cleaning, maintenance, repairs, utilities, supplies, and any other costs needed to keep the home guest-ready and properly maintained. We also help owners find the best vendor quotes whenever possible, so they can make cost-effective decisions that fit their budget. We do offer additional services, such as furnishing and preparing a home for the short-term or mid-term rental market. This service has an upfront fee, which is discussed with the owner in advance. The fee depends on the size of the property and the level of furniture quality the owner is interested in. Our furnishing/setup fee covers our time and work for design planning, ordering furniture and supplies, coordinating deliveries, accepting items, arranging setup, and coordinating trash and packaging removal. Management needs can vary based on the property type, rental strategy, lease structure, tenant situation, and local market conditions. Lakai Properties focuses on maintaining organized communication, responsive coordination, and consistent follow-through for both owners and residents. Depending on the