Oahu Hawaii owners considering Airbnb / VR
4 Replies
Laine Furukawa
from Aiea, Hawaii
posted over 3 years ago
Duc Ong
Real Estate Agent from Honolulu, HI
replied over 3 years ago
I just sent you a text to connect. I would love to chat about VR!
Kirsten Wolfford
from Strohgäu, Baden-Württemberg
replied over 3 years ago
Hawaii homeowner here. Pay your taxes. http://www.kitv.com/story/36892685/city-asks-governor-to-hold-off-on-airbnb-tax-deal
Kirsten Wolfford
from Strohgäu, Baden-Württemberg
replied over 3 years ago
Can answer questions and recommend a great property manager (required if you live off-island).
Bj Carvalho
from Makawao, Hawaii
replied over 3 years ago
This can be a touchy subject here in Hawaii...most folks rely on the hotel industry for employment...VRs can/do take away revenue from hotels. VRs can also increase long term rent as "affordable housing" properties decrease. Property values can rise due to certain homes/locations being more attractive to buyers for VR purposes. Transient traffic can make for an unsafe neighborhood for neighbors as they no longer recognize "regulars" to the neighborhood...traffic...blah blah blah...
the good side? income, revenue to the state/county, these properties are less likely to be eye sores and can/will help drive up property values for neighbors (catch 22 here)...etc.
i live in rural area on Maui and have seen my share of legal and illegal VRs pop up...i don't really have a dog in this fight either way, but would probably like to dabble in this market as well should the rules/laws change...right now the process here on Maui is just too cumbersome (probably that way to make it unattractive) to become a legal VR property.
I do wish you luck and ask that you post back with your findings/results for the other Hawaii folks!
BJ