136. Growing a Business While Giving Back with Coconut Condos’ Angie Leone

Continuing a series of interviews featuring our favorite speakers from the 2021 Vacation Rental Managers Association International Conference in San Antonio, Texas, we sit down with Angie Leone, owner and CEO of Coconut Condos, a vacation rental management company founded in 2011 on the beautiful island of Maui. 

At the conference, Coconut Condos was named the 2021 Vacation Rental Management Company of the Year and in 2019, Angie was named the SBA Maui Small Businessperson of the Year. Coconut Condos is proud to have been named to the Inc5000 List, Hawaii’s Fastest 50, Hawaii’s Best Workplaces, and Hawaii’s Top 250.

Starting as a home-based venture with one vacation rental (her own), Angie’s expanded to a robust 10-person plus operation with 60 vacation rentals across West Maui. She and her husband also have two homes, one in Maui and one in Nashville, that they rent short-term as well.

Coconut Condos is committed to providing maximum returns for owners, exceptional experiences for guests, and generous giving back to their community. They have a heart for children in need and for every condo managed, they sponsor a child in poverty. They treat their guests with aloha, their owners as partners, their team as ohana, and their community as their kuleana (responsibility). 

Coconut Condos believes that as a small business, it is not only their kuleana, but their privilege to give back to their community. They have been blessed with so much and it is their desire to use their business to bless and improve the lives of others. 

They have a three-tiered giving plan to address the needs in our world: locally, nationally, and internationally. Locally, they partner with Habitat for Humanity, Ka Hale A Ke Ola Homeless Resource Center, A Cup of Cold Water, and The Maui Food Bank. Nationally, they work with the Dream Foundation, and internationally, they partner with Compassion International.

There’s so much to learn from Angela and her successful venture. We talk about recognizing the tipping point between running things part-time on your own and hiring people to turn your STR project into a full-time business. We also discuss his perspective on approaching rental growth, riding pandemic policies in Hawaii, and how you can participate in the Dream Foundation.

Resources:

• coconutcondos.com
• To contact Coconut Condos, call today at (808) 419-1000 to speak with one of their friendly vacation rental specialists or email the team at [email protected]. 
• dreamfoundation.org
• Visit thanksforvisiting.me/workshop to watch our Hosting Business Mastery Method workshop!
• #STRShareSunday: @cozyescapes