https://www.hipacificpm.com https://www.hipacificpm.com/what-should-you-know-about-the-monster-home-law <h3> <div> <i> A new law was recently passed pertaining to homes that contain six or more bedrooms and take up 60% or more of a lot’s size. Here’s what you need to know. </i> </div> <div> <br/> </div> <div> The new monster home law just passed in Hawaii. <b> It states that if a home’s size takes up 60% or more of the lot, you’re going to have some new specific guidelines on how to build it. </b> You can read more about them in the building department’s new requirements for monster homes. </div> <div> <br/> </div> <div> This law has just been changed after already having been changed last year. <b> With the latest change, monster homes are going to be much harder to build, both legally and illegally: </b>  builders who build monster homes occupying more than 60% of the lot size and containing more than six bedrooms will now incur penalties. </div> <div> <br/> </div> <div> We have a ton more information on this that we’d be happy to share with you. If you’d like to read through it, or if you have any other questions, feel free to reach out via phone or email and we’d be happy to help you. </div> <div> <br/> </div> </h3> Fri, 06 Mar 2020 18:30:13 GMT https://www.hipacificpm.com/what-should-you-know-about-the-monster-home-law thumbnail main image https://www.hipacificpm.com/when-do-you-raise-the-rent <h3> <div> Property management is all we do, so I like to share the tips and specialized knowledge we have with our viewers to help them do business better.  </div> <div> <br/> </div> <div> Property owners frequently call, email, and ask us in person: When do you raise the rent? It’s fairly simple: We raise the rents when the value of the property increases. We try to stay within a 5% return on investment. So, if your house is worth about $750,000, you should be getting around $3,000 to $3,200 in rent. When the value increases, the rent goes up.  </div> <div> <br/> </div> <div> Fortunately for us <b> here in Hawaii, we have some of the highest property values in the U.S., </b> so your rents should be the highest in the county. For 99% of the people I do business with, that is the case. For those of you doing property management, remember: You have to raise the rents every couple of years as the values of homes increase. There are some circumstances when this doesn’t apply, but most of the time it does.  </div> <div> <br/> </div> <div> If you have questions about raising rents or anything else to do with property management, give us a call or send an email. We look forward to speaking with you.  </div> <div> <br/> </div> <div> <br/> </div> </h3> Mon, 24 Feb 2020 17:31:39 GMT riley@getvyral.com (Riley Wetmore) https://www.hipacificpm.com/when-do-you-raise-the-rent thumbnail main image https://www.hipacificpm.com/walk-throughs-an-important-part-of-what-makes-us-different <div> <img src="https://irp-cdn.multiscreensite.com/1baed9e0/dms3rep/multi/walkyt.jpg"/> </div> <h3> What’s different about our service? <div> <br/> </div> <div> There are many answers to that question, but today I’ll focus on one of the most important: We do walk-throughs—every four months if you allow pets, and once every six months if you do not. </div> <div> <br/> </div> <div> "I monitor all our property managers to make sure we’re caught up on our walk-throughs, and we have documentation for everything." </div> <div> <br/> </div> <div> What does a walk-through do? It reveals a lot about the personality of your tenants. Are they clean or dirty? Do they have any unwarranted pets or are there unwarranted tenants living there? If an issue is found during a walk-through, we give the tenants a 10-day notice to fix the problem. If they don’t, we have the right to terminate their lease </div> <div> <br/> </div> <div> There are many things that can happen, and it always shocks me when I take over a property from another property manager who’s never done a walk-through. I monitor all our property managers to make sure we’re caught up on our walk-throughs, and we have documentation for everything. </div> <div> <br/> </div> <div> If you have any questions about the importance of a walk-through or how we conduct our walk-throughs, feel free to give me a call or shoot me an email. I’d be happy to speak with you. </div> </h3> Fri, 21 Feb 2020 17:00:26 GMT riley@getvyral.com (Riley Wetmore) https://www.hipacificpm.com/walk-throughs-an-important-part-of-what-makes-us-different thumbnail main image