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Hawaii Real Estate Q&A Discussion Forum
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Updated almost 4 years ago on . Most recent reply

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7
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1
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Kory Sheldahl
  • Murrieta, CA
1
Votes |
7
Posts

Rules around self managing rental property in Hawaii

Kory Sheldahl
  • Murrieta, CA
Posted

Looking for anyone who might know the rules and regs around self managing properties in Hawaii. I feel my plan might be bordering on what is allowed as a person self managing. I will try and explain the best I can and hope that someone can provide insight or direction on the plan.

I have a condo that I have converted to a rental. It is currently managed by a professional property manager. I'm planning to stop our current property manager agreement in order to self-manage. I no longer live in Hawaii, but my business partner still does. We are looking to manage the under the business and since he is still local, he would be considered the in-state "agent" (He is not a real estate agent, only a person in state to manage local affairs).
~Since it will be managed and collect rent under the business name (of which I am an owner), does that disqualify it as being "self managed"?
~Since my business partner is going to stand as that "in-state" agent/representative, but he is not the owner, does this require him to be a licensed RE Agent?
~If the above two questions don't disqualify us, do I need to register a new specific business just for the management of the property?

If there is anything else that I need to consider, please feel free to add.

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