Short-Term Rentable Condos and AirBnB's on Maui

Owning a short-term rentable condo on Maui can be one of the best investments anyone can make. Here are a collection of articles I've compiled from my personal experience as a top-producing realtor on Maui. Learn the process of buying, get in touch with lenders and learn how financing works, and get advice on self-managing or working with a property management company. 

A Ban on Short Term Rentals on Maui Won’t Solve The Affordable Housing Crisis

Short Term Condo Ban Maui

After the Lahaina Fire, one of the main concerns of Maui residents was that we would see disaster capitalism from the ‘mainland’ investors. Many were concerned that there would be a ‘land grab’ by ‘mainland’ investors looking to capitalize on the depressed property values of fire-affected properties. Fortunately, that never happened, but, unfortunately, in a surprising twist to the story, the real land grab just began and it isn’t real estate investors behind the grab.

It’s the County of Maui attempting to take away vested property use rights from existing owners.

In partnership with the hotel conglomerate, Maui County is attempting to repeal the Minatoya Decision

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What Are The Best Hotel Zoned Condos on Maui?

Hotel Zoned STRS Maui

With a potential ban on apartment zoned short term rentals on Maui creating uncertainty for owners and buyers alike, hotel zoned short term condos have become more in demand. A flood of apartment zoned short term rentals have hit the market in the weeks after the Maui Mayor dropped the bomb on everyone that he would be asking the planning department to draft a proposal to repeal the rights of the Minatoya List owners.

This is putting significant short term downward pressure on the value of these A1 and A2 zoned units and its uncertain exactly how much value has been lost just with the idea that the ban could happen alone. At Wailea Ekahi, a unit listed for 2.8M reduced its price to 1.9M and secured a…

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Kahana Bay Erosion Mitigation Project

Kahana Bay Erosion Mitigation Project

Growing concerns about sea level rise and coastal erosion in Kahana on West Maui have led the Maui County Planning Department and the Kahana Bay Steering Committee to develop a comprehensive plan of action to not only protect the condominiums along the coast but to restore the Kahana beach entirely. This plan is currently known as the Kahana Bay Erosion Mitigation Project. 

Looking at the picture above it's hard to imagine that just 30 to 40 years ago a large beach existed in front of the Kahana coastline. Kahana Bay beach is all but gone today and the coastal condos in Kahana along with one residential property are in danger of being destroyed by rising sea levels. 

What's Being Done in Kahana To Restore…

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7 of The Best Oceanfront Condos in Kihei

Oceanfront Condos in Kihei MMaui

Kihei is widely recognized as one of the premier locations to be on Maui. The tropical beauty, perfect weather, and pristine beaches make Kihei one of Maui's most sought-after destinations. In addition, this area of South Maui offers outdoor adventures, shopping, breweries, golfing, cultural experiences, and more. With so much to see and do, it is easy to recognize this area of the island as somewhere you'll want to spend most of your time.

It's also easy to see that it's an ideal area for your investment in a short-term rentable vacation condo. However, the important matter of finding the right condo that fits both your budget and criteria requires some thought and research. Below, you will find some of…

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How Bill 159 Will Affect Short-Term Condo Owners on Maui

Bill 159 Maui County

Update May 2024: The County is now trying to ban short term rental condos in apartment districts.

With the primary objective of establishing a means to limit tourism on Maui, the Maui County Council recently passed Bill 159. The desire to limit tourism on the island comes from environmental groups seeking to reduce the impact that growing tourism is having on Maui as well as from local residents who are growingly concerned about overcrowding and an ongoing housing crisis. 

The bill was originally introduced for discussion in January 2022 and addresses the total number of legally allowed transient vacation accommodation units on the island. These accommodations include hotel rooms,…

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AirDNA Uses Data To Help Investors and Owners on Maui

AirDNA Maui

For those that already own or are looking for an AirBnB/short-term rentable condo somewhere, you’re likely familiar with AirDNA. If you’re not, you should definitely check out the tools they have available. It’s an amazing suite of technology that can not only help you vet potential vacation rental opportunities by giving you specific, hyper-local data about comparable nightly rates, occupancy percentages, etc, but it can also help you manage and scale your operation if you are self-managing. 

AirDNA regularly publishes articles about short-term vacation rentals and recently published an article ranking the top 10 markets to invest in a short-term rental condo. To the surprise of very few,…

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An Owner's Guide To Self-Managing Your Own Airbnb

Managing a short-term rentable condo on Maui is a great way to earn passive income on a property and have a second home in paradise at the same time. Most of our clients that purchase these types of properties are from the US mainland or Canada and use a local property management company to ensure everything runs smoothly.

While there are many benefits to using a property management company, there are some who elect to manage the unit themselves with great results. However, managing an Airbnb when you can't consistently visit the property to make sure it's in good shape can be difficult, but it can be incredibly profitable once you have a system in place.

Here are some useful tips I’ve…

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Financing on Maui

Whether you’ve lived here all of your life or just spent a fabulous two weeks relaxing at an oceanside condo, it’s safe to say you’ve already discovered that Maui is paradise. A uniquely beautiful island with a variety of things to offer. A haven for wildlife, adventurers, and nature enthusiasts.

A diner’s delight, especially if you enjoy eating Mahi Mahi at dinner that was caught the same morning. So if you're considering moving to Maui and making Maui you're permanent home or you're considering a second home/investment property here is some important information to consider about financing that dream property 

It Sounds Simple, But… 

Buying a home can sometimes be complicated, particularly for first-time homeowners. It’s often one of the…

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Wailea Point Unit 102 Will Blow You Away

Wailea Point Unit 102

Wailea Point, located at 4000 Wailea Alanui Drive, is deemed by many in the real estate world on Maui to be the crown jewel of Wailea. This ultra-luxury, oceanfront condominium complex was originally conceived and constructed in the mid-1980s. In 2021, 15 units were sold in the complex with a range from $1,495,000 for unit 3401 to $16,000,000 for unit 402. Unit 1601 also sold in 2021 for 12.5 million.

The complex is exemplified by the highest degree of engineering and construction. Structural walls are 8 inches thick and were built with steel-reinforced concrete while structural floors have another 3 inches of steel-reinforced concrete. The excellent construction is often overlooked though, due to Wailea…

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Leverage Up Without Losing Your Gains to Taxes

1031 Exchange Maui

From the stable cash flow of rental income to the exceptional growth of property value and more, Maui investment properties hold tremendous financial potential. When you sell a rental property or second home, you will ideally enjoy a handsome profit. As is the case with all types of income, Uncle Sam has the right to take a cut.

Depending on how lucrative your investment is, the government’s share of the profit can equate to tens or hundreds of thousands of dollars or more. So, you'll understandably want to avoid taxation and enjoy the maximum return on your investment. Fortunately, you can do so legally with one of the largest wealth-building tools in the US tax code, the 1031 exchange. 

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