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HOW SECURITY DEPOSITS FOR RENTAL PROPERTIES WORK IN HAWAII

What is a security deposit and how can it be used? Today I’d like to clarify some important points on this subject.

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Security deposits are a crucial subject for anyone who rents out their property or is thinking of doing so.

First, it’s important to realize that you can only take one month’s security deposit in the state of Hawaii. The same goes for the pet deposit. At our company, we scale the pet deposit based on the size and breed of the animal.
“In the state of Hawaii, security deposits are used specifically for damage—not for rent.”
For pets over 50 lbs, the tenant will be charged a deposit between $800 to $1,000. We also require that the tenant take out an additional $10,000 liability policy if the animal is categorized as a “dangerous breed.”

For pets or otherwise, security deposits are intended to ensure that no damage befalls your property. In the state of Hawaii, security deposits are used specifically for damage—not for rent. A tenant who breaks their lease cannot just forfeit their security deposit in lieu of rent.

If you have any other questions or would like more information, feel free to give us a call, send us an email, or visit our website: www.hipacificpm.com. We look forward to hearing from you soon.
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Hipacific
Posted on: July 23, 2018
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DO YOU HAVE TO ALLOW PETS INTO YOUR HOME?

Whether you want to allow tenants to bring pets into your home is up to you, but I recommend that you do. This way, you can increase the amount of tenant traffic it gets.

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A common question we get from property owners who want to work with us is, “Do I have to allow pets into the home?”

Whether you want to allow tenants to bring pets into your home is up to you, but if you do allow it, you will have full control over your home’s pet policies. You can say what types of pets are allowed in, what size they have to be, etc. If a tenant has a pet, we will tell you its name and provide a description of it along with a picture before we even ask you if you are okay with allowing it into your home.

A great way to get around this issue is to say that pets are negotiable in your unit. I advise you to put that out there first and then see what types of tenants come in.
“In my experience, children do more damage to homes than pets do.”
In any case, if you limit the types of pets that can be brought into your home or forbid pets altogether, you are cutting down the amount of tenant traffic it can bring. Seven out of every 10 tenants in today’s market have pets. Usually, pet owners are very conscious of their pets and how to care for them. In my experience, children do more damage to homes than pets do. It is our policy to do four-month walkthroughs for any property that has a pet.

Sometimes, HOAs can have rules about pets that we must abide by because HOA rules supersede any house rules that we put in place.

My advice? Allow small pets into your home so you can increase the flow of tenant traffic toward it.

If you have any other questions about this topic or there is any other topic we can assist you with, feel free to call us or visit our website. We would be happy to speak with you.
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Hipacific
Posted on: July 5, 2018
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Posted in: Uncategorized

GOT A RENTAL PROPERTY? LET US TAKE CARE OF IT FOR YOU

Have you ever considered letting someone else handle the stress of managing your rental property? Allow me to tell you today how using a property manager could benefit you.

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As the landlord of a rental property, why should you use a property manager?

The reasons are actually fairly obvious: You need someone to protect and take care of your property. Our team does just that. We do everything we can to make sure your property stays in great condition, and we tailor our services depending on your circumstances.

For example, if you don’t allow pets on your property, we will perform a walkthrough every six months. But if you do allow pets on your property, we’ll perform a walkthrough every four months instead.

Also, in addition to providing you with a report from what we observed in the property during these walkthroughs, we’ll also give the tenant a report on the things they’re doing well and/or the things they could improve on.
“Our services will protect your home and put money in your account. “
When you work with us, you can feel secure that your rental property is being handled with great care. We screen tenants and perform background checks, regularly visit and check up on your property, and handle all of your home maintenance.

All it takes is 10%. For this small fee, we guarantee we’ll be able to get you a tenant faster and for more money. Our services will protect your home and put money in your account.

If you have any other questions or would like more information, feel free to give us a call, send us an email, or visit our website www.hipacificpm.com.

We look forward to hearing from you soon.
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Hipacific
Posted on: June 19, 2018
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WE WON’T CHARGE YOU UPFRONT

When you do business with Hawaii Pacific Property Management, we charge no hidden or upfront fees.

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I want to make sure that you know that if you do business with me, there will be no upfront fees.

I don’t want owners to have to pay out of their pocket to get their house managed. A lot of times, that means I’ll have to shoulder the costs upfront for the cleaning or small repairs needed in order to bring the home’s condition to 100%.
“The 10% that we charge our owners is all we charge.”
Down the road, if you have any maintenance issues that need to be taken care of, Hawaii Pacific Property Management will pay for that for you with your approval. You’ll get to see the full invoice on your portal site.

The 10% that we charge our owners is all we charge, and that is for the collected amount. If we have an amount that is short one month, and they come in on the 15th, then we only take 10% of that.

There are no hidden costs; I simply deduct that 10% when I receive the rent from the tenant.

If you have any questions, feel free to reach out to me. We’d like to work with you soon.
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Hipacific
Posted on: May 11, 2018
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7 REASONS TO INVEST IN PROFESSIONAL PROPERTY MANAGEMENT

Why do we charge a 10% fee? Because we offer all of this to every client.

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Today I want to make sure that everyone out there understands how Hawaii Pacific Property Management earns our 10% from our homeowners. Here are seven things that our team does to earn our check:

1. Incredible marketing.

2. A full-time maintenance department to answer your call anytime.

3. We conduct four-month and six-month walkthroughs.

4. We utilize professional photos and video.

5. We have a full-time office staff during the week to make sure all the invoices and statements are done correctly.

6. Rent guarantee and eviction guarantee. If we have to evict somebody that we put in your unit, we will pay the legal costs and appear in court on your behalf.

7. Communication guarantee. If you give us a call at (808) 445-9223, somebody will answer the phone, no matter the time of day or the week.
“All of the above is included in our 10% fee.”
All of this is included in our 10% fee. There are no other fees besides this. We believe our services are worth at least this much.

If you have any questions for us or would like to learn more about how we earn our customers’ business, give us a call or send us an email. We look forward to hearing from you soon.
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Hipacific
Posted on: April 27, 2018
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WHY DO WE TAKE PROFESSIONAL PHOTOS AT EACH VACANCY?

Why are professional photographs and videos important for your rental unit? I’ll explain today.

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As your property management company, we take care of pictures and videos of your property for you.

Pictures and videos are very important. If your car is not washed and shiny, it doesn’t look its best. We make sure that your unit is clean and vacant before we send a professional photographer in to take pictures and video.
“We commit to taking new pictures and videos every time your unit goes vacant.”
We also promise and commit to taking new pictures and videos every time your unit goes vacant. We need to have everything date-stamped for the court system. In case an unfortunate event happens and we have to evict somebody, we need before and after pictures at the ready.

These pictures come as part of our service at no cost to the owner. We’ll take pictures each time we get a new tenant in as part of our 10% fee. There are no rental fees, rental buffers, or maintenance buffers.

If you have any questions, just give us a call or send us an email. We would be happy to help you!
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Hipacific
Posted on: April 16, 2018
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Posted in: Uncategorized

WHAT ARE G.E. TAXES?

Have you heard of G.E. taxes? Here’s what you need to know about them.

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I have a somewhat serious topic to talk to you about this month. It’s general excise taxes, also known as GE taxes here in Hawaii.

In order to do business in Hawaii as a property owner, your rental becomes a business and is susceptible to a 4.5% GE tax. You are required to fill out a BB-1 application form, get your general excise tax number, and register it with the state department of taxation.
“We can assist you with paying these taxes.”
As an owner, you have to do this. If you work with us, we can assist you in paying these taxes. We have a CPA firm that we hire to make sure these taxes are filed correctly and on time.

If you have any questions for me, don’t hesitate to reach out to me or one of my property managers. We would be happy to answer them.
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Hipacific
Posted on: March 23, 2018
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IS THE OWNER OR TENANT RESPONSIBLE FOR PEST CONTROL?

Who is responsible for pest control costs in a landlord-tenant situation? Here’s the rundown.

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This week, we’re talking about pest control. I always get asked, “Who is responsible for pest control in the home?”

For all you owners out there, know that it’s your responsibility for the first 10 days that a tenant is in your house. After that, it’s their burden. If they move in and there is an infestation, you will have to treat it. However, if they find roaches 90 days in, it’s likely that they brought them in when they moved.
“We address any pest concerns on our 10-day walkthrough.”
Our leases state that the pest control costs after 10 days are shouldered by the tenant. Rat problems are a little bit different. There are certain neighborhoods in Honolulu that have more of them than others. When we get into that kind of situation, we address it with the owner beforehand.

As a general term in our lease, pest control is a tenant cost and we address it on the 10-day walkthrough. If you have any questions for me or need any help with your investment property, give me a call or send me an email today. I look forward to hearing from you soon.
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Hipacific
Posted on: March 9, 2018
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Posted in: Uncategorized

3 WAYS A PROPERTY MANAGER BENEFITS YOU

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Using a property manager is beneficial to you in a few important ways.

First, they can get you more rent because they have more eyes on their advertisements.

Second, they can use professional photos and videos to make your property look bigger, better, and brighter.
“A property manager can get you more money and protect your home.”
Third, they can physically check on your property when you’re not there. There is a law in Hawaii that states if you’re an off-island owner, you’re required to have an on-island representative.

A company that focuses solely on property management can concentrate on two important tasks—protecting your property and putting money into your account.

A property manager can get you more money, protect your home, and we have real estate licenses that say we’re professionals who concentrate on this business.

If you have any questions for us or need any help, give us a call or send us an email today.
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Hipacific
Posted on: February 6, 2018
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Posted in: Uncategorized

WHY DO WE REQUIRE TENANTS TO FILL OUT A PROPERTY CONDITION FORM?

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When it comes to property management, my job really comes down to two things: protecting your home and putting money in your account.

This is why we require all tenants to fill out the Property Condition form within 10 days of their move-in date. Unless they complete that form, the property cannot be properly addressed each month.

If the tenant sees anything that isn’t working or is damaged when they move in, we ask them to make note of it on this form. This way, we have a record of the property’s condition at the time they moved in.

Having tenants sign this form is a huge part of how we protect your property. Not only do we require tenants to fill out this form, we also require our property managers to walk through the form with the tenants. The Property Condition form becomes a guide for us during the tenant’s time at your property.
“The Property Condition form becomes a guide for us during the tenant’s time at your property.”
In other words, if the tenant damages something on your property after moving in and filling out the form, we already have a record of your property’s condition proving the damage was not preexisting. Any damage that occurs on your property after the form is completed will be repaired at the tenant’s expense.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
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Hipacific
Posted on: January 23, 2018
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Posted in: Uncategorized
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