The State of Hawaii recently released Real Property Tax Rates (Property Tax Rates) for the Fiscal Year 2020 – 2021. The Property Tax Rates for Honolulu County (Oahu) are as follows: Residential $3.50 Commercial $12.40 Industrial $12.40 Agricultural $5.70 Preservation $5.70 Hotel & Resort $13.90 Public Service $0.00 Vacant Agricultural $8.50 Residential A, Tier 1 $4.50 Residential A, Tier 2 $10.50 Bed & Breakfast Home $6.50 What does this mean and how do you calculate property taxes? Find the
Category - "Home Owners"
When we started in Property Management, like most companies at that time, we used the Standard Property Condition Form provided by the Hawaii Association of REALTORS. At the time, the form was a four page handwritten fillable form with check boxes for each room of a home indicating the condition of walls, flooring, etc. We were never really comfortable with that form, mostly because it was difficult to write comments in the space provided describing a room’s condition. However, it was the “standard” on the island so we used it.
We realize that not everyone feels they need or want a full-time Property Manager for their Rental Home. Therefore we now offer our Lease Only Option for Homeowners. Who is this program for? Landlords who want to manage their own home with direct interaction with the tenant Landlords who need marketing and tenant screening services Landlords who have already identified a tenant and need a professional lease agreement Landlords who can perform their own rent collections Landlords who can perform their own maintenance Landlords who are not sure if they
Renting out a property as a vacation rental is a business, and, as in any business, it comes with certain risks. Your tenant can break your new stove that you just put in to attract the gourmand tourist. A pipe can burst, leaving you with a soggy floor and an unhappy renter. There is no cure for the stress of these situations, however the financial aspect of them can be eased by having the right kind of insurance. Landlord Insurance Landlord insurance is different from homeowner’s insurance in
Owning a rental property can be an exciting and profitable way to generate a source of income. However, the ins and outs of actually running such a property can be confusing for potential owners. In particular, whether or not a home warranty is necessary can be a tricky decision to navigate. Understanding what a home warranty is, the benefits and drawbacks of having one, and a few deciding factors can help make the choice a bit simpler. What is a home warranty? A home warranty is essentially a home services contract which
Owning rental properties is a fantastic way for homeowners to keep their properties utilized. A great source of passive income for those who outsource management, renting properties have many advantages. However, there are also many issues and concerns that can arise with this process. One hot topic is regarding whether or not to allow pets to live in a rental home. While there are certain disadvantages, there are also advantages. Here are the positive and negative aspects that come along with allowing pets in your rental property. Advantages: The rental