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Kauai Transient Vacation Rental (TVR) Listing and Permit Information

There is no question that a property with a Transient Vacation Rental (TVR) permit has more value, the question remains how much value? Is it 5%, 10%, 20% or more? In my opinion, it is next to priceless because the application window has closed and you can no longer acquire a TVR permit. A TVR is any rental of a housing unit for less than 180 days.

Documents Needed to Qualify For a TVR Permit

This was not an easy process, and for those that were successful, it was a huge win to have the option to legally vacation rent your property. There were several documents that needed to be provided to qualify:

  • Proof of Transient Accommodation Tax and General Excise tax licenses
  • Proof of payment of taxes
  • Evidence of use of single family transient vacation rental

Listings That Have TVR Permits

You might want to consider purchasing a property with a TVR permit to complete a 1031 exchange for another income property you might have. It is possible to own a great home on beautiful Kauai and be able to visit the home each year with possible tax advantages (call your accountant).

Kauai north shore property for sale with a TVR permit (MLS# 255971)

Please call me to find out more about our listings on Kauai that have TVR permits and also the option of selling an income property you have and completing a 1031 exchange for an ocean view income property.

Ipo Hale Hanalei vacation rental (accommodates 6 people)

Hawaii Life has a very successful vacation rental management division. Call me today at 808-639-7600 to start the conversation of you owning a property here on Kauai.

Aloha,
Kelly Joudon

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Bret Fisherkeller

July 24, 2012

I would very much like to be a transient in North Shore Kauai. Thank you for the valuable information. Priceless!

Bret Fisherkeller

July 24, 2012

I would very much like to be a transient in North Shore Kauai. Thank you for the valuable information. Priceless!

Lucy

July 24, 2012

Kelly, You are correct that window of opportunity has closed for anyone that owned a property outside of Kauai’s designated VDA area. Those homes that now have a TVNC (non-conforming permit) certainly have more value than their neighbors who did not meet the qualifications for applying for the permit several years ago.

However, you can still get a TVR permit if you live in one of Kauai’s VDA (visitor destination area) such as some areas of Princeville, Kapaa and Poipu (and not everything in those areas are actually in the VDA). So I might add to your article, that people looking to purchase something that they can vacation rent, can also check with you to see what is available in those designated areas. Lucy

Lucy

July 24, 2012

Kelly, You are correct that window of opportunity has closed for anyone that owned a property outside of Kauai’s designated VDA area. Those homes that now have a TVNC (non-conforming permit) certainly have more value than their neighbors who did not meet the qualifications for applying for the permit several years ago.

However, you can still get a TVR permit if you live in one of Kauai’s VDA (visitor destination area) such as some areas of Princeville, Kapaa and Poipu (and not everything in those areas are actually in the VDA). So I might add to your article, that people looking to purchase something that they can vacation rent, can also check with you to see what is available in those designated areas. Lucy

Shaylyn Kimura, R(S)

July 25, 2012

Great blog, Kelly. Thanks for the information!

Shaylyn Kimura, R(S)

July 25, 2012

Great blog, Kelly. Thanks for the information!

Carol Andrews

July 25, 2012

Thank you Kelly! My Buyers will agree 100% that they are absolutely willing to pay more for a legal TVR.

Carol Andrews

July 25, 2012

Thank you Kelly! My Buyers will agree 100% that they are absolutely willing to pay more for a legal TVR.

Kellen Ponce

July 28, 2012

Very valuable info Kelly. Thanks!

Kellen Ponce

July 28, 2012

Very valuable info Kelly. Thanks!

Ben Welborn, REALTOR (B)

August 16, 2012

Excellent information about Transient Vacation Rentals and their value in the marketplace. Thanks for the info.

Ben Welborn, REALTOR (B)

August 16, 2012

Excellent information about Transient Vacation Rentals and their value in the marketplace. Thanks for the info.

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