All Forum Posts by: Account Closed

http://www.hawaiinewsnow.com/search/buy+home%20oah...

I think those were the news reports Chris was looking at

I've not done it or heard of other landlords passing on that expense to tenants, but my purview is extremely limited and tiny so I don't know how prevalent it is in the market. I think I would find it highly difficult to find tenants willing to pay market rent prices and then tack on the HOA fee.

Short term vacation rentals come with an additional tax burden of 10.25% in Hawaii, the Transient Accommodations Tax (TAT).  There's also the 4% General Excise Tax (GET), which you will need to apply and register for a GE License.  Additionally,  since you're looking at Waikiki, there will be an additional 0.5% Oahu Surcharge Tax.  The taxes are calculated on your gross income from the rental.  Hopefully you'll remember to factor those numbers into your property analysis. 

Less than $2,000/mo for a $575,000 property does not sound ideal for a rental property. And that's gross, not taking into account taxes, insurance, maintenance, vacancy, etc. Are you betting on appreciation for your ROI?

Overall security deposit, I expected as much. Thanks.

I recently had tenants move out and discovered evidence that they hid a pet in violation of the no pet policy.  What avenues of recourse do I have regarding their violation of the pet policy?  Would I be able to withhold their entire security deposit?

With the talk about housing migrants on Goodfellow anyone have thoughts about the effect on the housing and rental market in the area?

Hey Jay,

  Thanks for the info, I will be TDY at Goodfellow AFB.  I will look at seeing if I can connect with some of the folks stationed there. 

Hi Aaron,

Thanks for the inventory info. I did a brief search before the busy weekend and did notice that there wasn't much of an inventory for MFU, glad you were able to back that up. I agree on the HOA fees. Thanks again.

Thanks Giovanny, how's the inventory for multi families? Good luck on your first SFR.