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All Forum Posts by: Ashish G.

Ashish G. has started 32 posts and replied 55 times.

Post: HIRING - Principal Broker (AI driven STR management company)

Ashish G.Posted
  • Investor
  • San Bruno, CA
  • Posts 57
  • Votes 2

Job Summary - 

We are seeking a Hawaii-licensed Broker to fulfill supervisory and compliance responsibilities. This role is ideal for someone seeking a low-commitment, contract-based position, as operational involvement is minimal and fully supported by our AI-driven platform and a dedicated operational team. Compensation is structured as a % of revenue and therefore has significant upside.

Key Responsibilities

  • Ensure compliance with Hawaii real estate laws, rules, and regulations, including property management operations.
  • Serve as the designated Principal Broker with the Hawaii Real Estate Commission.
  • Oversee the maintenance of accurate and complete records of all transactions for regulatory purposes, supported by our AI tools and administrative staff.
  • Supervise and ensure compliance of trust account management in collaboration with automated accounting solutions and professional accountants.
  • Provide guidance and support on compliance-related issues on an as-needed basis.
  • Maintain a supervisory position without day-to-day operational involvement, as operations are managed by our tech platform and team.

Qualifications:

  • Must be licensed as a Broker in Hawaii and eligible for designation by the Hawaii Real Estate Commission.
  • In-depth understanding of Hawaii real estate compliance requirements, trust accounts, and property management laws.
  • Prior experience in a similar property management supervisory role is preferred but not mandatory.

What We Offer:

  • Dynamic Compensation: A competitive commission structure that grows as we expand our portfolio of managed properties.
  • Minimal Time Commitment: A part-time, low-involvement role focusing solely on compliance and supervisory duties.
  • Robust Support: Full operational and administrative support provided by our AI-driven platform and experienced team.
  • Flexible Work Arrangement: Work remotely with minimal in-person requirements.

About Us:

We are an innovative, AI-driven property management company revolutionizing the vacation rental industry. By leveraging cutting-edge technology, we streamline operations, enhance guest experiences, and maximize returns for property owners. Our tech-first approach ensures that operational and administrative tasks are fully automated or handled by an experienced support team, leaving you to focus solely on fulfilling compliance and supervisory requirements as mandated by Hawaii law.

Post: Property Management LLC in HI owned by a WY LLC

Ashish G.Posted
  • Investor
  • San Bruno, CA
  • Posts 57
  • Votes 2

Amanda,

Thank you for the response. I was planning to make HI LLC as s-corp. WY LLC is SMLLC and disregarded so should be allowed to own the HI LLC.

I am located in CA though. As HI S-corp issues me a salary, I assume I just need to include that W2 on my CA return. 

Please confirm.

Post: Property Management LLC in HI owned by a WY LLC

Ashish G.Posted
  • Investor
  • San Bruno, CA
  • Posts 57
  • Votes 2

Hi

I am trying to figure out what triggers foreign entity registration in HI? Can you help with below scenarios:

1. HI LLC does property management and is registered as Member Managed with WY LLC as 100% owner.

2. HI LLC does property management and is registered as Manager Managed with WY LLC as the sole manager.

Taxation: HI LLC is disregarded and WY LLC is setup as S-Corp. 

Thanks

Post: Hiring a Principal Broker as LLC Manager vs. Employee?

Ashish G.Posted
  • Investor
  • San Bruno, CA
  • Posts 57
  • Votes 2

Ghassan - Thank you for such a prompt response. I agree making employee gives less authority, but feels such a headache to run payroll, file taxes, workers comp etc. Could we not just hire them as manager and create an operating agreement which specifies and limits the duties as a manager of LLC?

Post: Hiring a Principal Broker as LLC Manager vs. Employee?

Ashish G.Posted
  • Investor
  • San Bruno, CA
  • Posts 57
  • Votes 2

Hi 

I need to apply for a new real estate brokerage licence for my business entity that requires having a PB. The licensing form says the PB must be either manager of LLC or an employee. Could someone shed light on the pros and cons? I plan to pay the PB a % of our revenue with NO fixed salary initially until we scale.

Post: Hawaii Short Term Property Management

Ashish G.Posted
  • Investor
  • San Bruno, CA
  • Posts 57
  • Votes 2

Craig - Do you plan to relocate to Hawaii? I believe the property manager needs be on island (but i could be wrong).

Quote from @Nathan Gesner:
Quote from @Ashish G.:

Hi - Any large property managers (50+ STRs) who manage properties for other owners, what is your most preferred PMS? What are its pros and cons for you?

Quote from @Simon W.:Another big player is Yardi Voyager. Majority of the NYC real estate companies uses it.I'm only looking for short term rental softwares.

Software is very personal. What works for me may not work for you.

Buildium, AppFolio, and Propertyware are the three big players. RentVine is the new kid on the block with great potential.


Quote from @Simon W.:

Another big player is Yardi Voyager. Majority of the NYC real estate companies uses it.

I'm only looking for short term rental softwares. 

Hi - Any large property managers (50+ STRs) who manage properties for other owners, what is your most preferred PMS? What are its pros and cons for you?

Post: Investing in Airbnb overseas

Ashish G.Posted
  • Investor
  • San Bruno, CA
  • Posts 57
  • Votes 2
Quote from @Martin D.:

Hi Shiloh, thank you so much for this awesome feedback! 

Costa Rica's been very high on my list, but I was finding the prices there too expensive. Your experience investing in this country are confirming that. 

10% ROI is really not that great, I can find 20% here in Sedona any day of the year, and already got the whole team on the ground.

Countries I've been exploring and visiting properties in: France, Portugal, Finland. Some attractive destinations there can easily achieve 15% ROI, and average property prices can be as low as 250k so it's an easier entry point.

A lot of my friends invested in Bali and had great returns, especially if they've invested before the pandemic boom. I'm also gonna explore tropical destinations in the Indian Ocean, I think it's super underrated right now.

20% return in Sedona is amazing. If that is actually doable and you are open to expanding with a silent investor, then hit me up.