Real Estate Broker · Wailea, HI · Member since 2016 · 134 posts · 77 votes
4y
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.
Real Estate Broker · Kaneohe, HI · Member since 2020 · 193 posts · 163 votes
3y
Hi @Yna P. - there was actually an injunction halting the 90 day rule so properties in residential areas can still do 30 day rentals on O'ahu if desired. Happy to answer any other questions you have.