After much debate, Bill 41 (further regulating vacation rentals on O’ahu), was passed by Honolulu City Council and recently signed by Honolulu Mayor, Rick Blangiardi. This new law is scheduled to go in effect, October 23rd, 2022 and will greatly impact the real estate rental market here on O’ahu and it sounds like there will be at least one legal challenge to it. If you own vacation rental real estate on O’ahu, or plan to acquire property here, you may find this video to be of value. Since there is some uncertainty regarding this new law, I will provide updates when appropriate.
Disclaimer: There is still uncertainty regarding Bill 41 and the information I provide in this video is based on my understanding of the bill as well as info provided by others who have read the bill. For additional information on Bill 41, I recommend you contact the Honolulu Department of Planning and Permitting at 808 768-8000, or consult a real estate attorney.
And if you are interested in acquiring a vacation rental property on O’ahu, you might find the video below to be of value:
If you have any questions about buying or selling real estate on O’ahu, you are welcome to contact me at any time – 808 354-5772. I am here to serve you.