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2019 Legislative Session Update

The Department of Commerce and Consumer Affairs Real Estate Division has provided on update on the 2019 legislative session. Enacted into law were several condominium bills. Provided is a summary of a few relative acts, but please consult with legal professionals regarding these new laws. House Bill: Act 192, SLH 2019 clarifies the order in which excess amounts in payments over maintenance fees can be applied to any additional fees, fines, interest, or amounts an owner may owe. Senate Bills: A [...]

A & B Reinvests Maui Ag Land Proceeds in Hawaii

Alexander and Baldwin, Inc. is turning from agriculture to grocery-anchored shopping centers. After the sale of 41,000 acres of mostly sugarcane farmland on Maui to Mahi Pono in 2018, A & B has made a series of commercial investments. The new acquisitions include: $66.5 million for three Class-A warehouse buildings in Kapolei; $42 million for a ground lease under the Home Depot store in Iwilei, Oahu; $41 million for an industrial ground lease in Kapolei; $17.75 million for Waipouli Town Ce [...]

6 Tips to Stay Cool and Save Energy

That few extra degrees of warmth that summer brings to Maui makes a difference. Not only is staying cool a challenge, but water and energy bills can spike. Here is the best advice from our property management pros to not only beat the heat, but also save on water and electric costs. Save energy while saving water This summer we’ve already seen one drought alert on the island. Here are a few ways to save water, and at the same time save on your electric bill. Repair any dripping faucets promptl [...]

Hawaii’s Employment Dilemma

Hawaii’s economy may be in a good place, according to Carl Bonham, director of the University of Hawaii Economic Research Organization (UHERO). However, any employer looking to fill open positions will tell you it is tough to find workers. Maui is not alone in suffering from lack of workforce. Low unemployment is affecting all counties in Hawaii. Maui’s low point came at the end of 2017 when the unemployment was 2.2 percent. It has now risen to 3.1 percent according to UHERO data. That figure [...]

6 Community Reminders For a Fun & Safe Summer

June officially starts the summer season on Maui. School’s out and there are more families on the island. That means it’s a good time to send out reminders to residents on community rules and procedures. We know it can be hard to think of everything, so use the list below to start sharing reminders on your digital bulletin and monthly newsletters to help avoid violations and keep residents happy and safe. Traffic and Walking Paths With school out and more kids around, an extra reminder to resi [...]

$340M Rental Car Facility Opens on Maui

Rental car access is getting set to roll into the future at Kahului airport, thanks in part to the new $340 million "Conrac" facility, scheduled to open May 15. The Hawai`i Department of Transportation announced the completion of the environmentally friendly Consolidated Rent-A-Car (Conrac) facility at Kahului Airport.  Conrac will house the major rent-a-car companies in one convenient location on airport property. “The people of Hawaii can be proud of this project as it is good for Mother Ear [...]

A Contentious Wailuku Development Plan

Debate over increasing parking in Wailuku has gone on since 1962, according to County records. Towards the end of Maui’s post-war decades, the island economy was shifting from sugar and pineapple to a new and promising crop; visitors. The “Dream City” developments in Central Maui, stretching into emerging neighborhoods in Wailuku, would create the largest property tax base for the next generation. Central Maui was thriving. As tourism grew, West and South Maui took the lead in supporting the t [...]

REIT – Tax Dodge or Good Investment?

A special kind of real estate related corporation is under Legislative scrutiny- again. A “real estate investment trust,” or REIT, provides significant benefits under the federal tax code. In Hawaii however, State lawmakers are looking to close tax loopholes. Background REITs are related to investing in real estate or loans secured by real estate. Established by Congress in 1960, certain requirements must be met to maintain a REIT. In addition to how it is organized and owned, a REIT must also [...]

Do You Have Adequate D & O Insurance?

Condominium boards and homeowner associations are responsible to act in the best interest of owners in the community. Often this requires making difficult decisions. These decisions can affect other owners or people doing business with the association. If a dispute arises over a decision, board members can be sued, along with the association. Just about everyone has something to lose in a lawsuit. Having the proper insurance coverage is key to protecting one's assets while serving on a board. [...]

Solid ideas to get members to the annual HOA meeting

When there is a contentious issue, such as raising dues or a major policy change, attendance at a homeowners association meeting may be high. But what about a “regular” annual meeting with little earth shattering business? Associations often have trouble getting necessary participation when homeowners are relatively happy and content.Here are 3 quick tips to help increase attendance at your next annual meeting. Incorporate Member Feedback Homeowners may have questions, or want to express ideas [...]