Thoughts on the increased minimum stay for Short-term rentals?

[Yna P.]

What are your opinions on the new bill which requires bookings for short-term rentals in residential areas to be for stays of at least 90 days?

I'm writing about the new law in Hawaii and would like to know what the local community thinks: https://thepointsguy.com/news/...

Thanks!

[Mark Waite]

For starters, the article's headline reads:  "Honolulu will require 90-day minimum stays for Airbnbs and short-term rentals outside resort areas in October." Honolulu is one of four counties in Hawaii, so the comment about it being applicable to Hawaii was incorrect and very off-base. 

Each county regulates short term rentals differently. Honolulu has been very aggressive in their efforts to limit the available inventory of short term rentals. In my opinion, even without this new law, it is not a great market because the numbers don't pencil out. There are way too many hotels on the island.

Maui, Kauai and Hawaii Island each have their own regulations. Maui's is all about how the property is zoned and what the HOA by-laws allow. If both are aligned, then you can close today and start doing overnight rentals tomorrow. The other two islands have designated visitor destination areas where STR's can operate so long as they have a valid permit.