Unless your net worth is over $5,490,000 you should not have to worry about Hawaii Estate Tax and unless your net worth is over $12,920,000 you should not have to worry about Federal Estate Tax. Multiple that by 2 if you are married. Yes, you will get the step up in basis at death but…
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It was a critical week for financial markets and especially for rates as investors digested the latest inflation data and the Fed’s smaller rate hike. In fact, the latest inflation data could be thought of as the most important and most persistent focus for rates all year long. Read More in Mortgage News Daily: https://www.mortgagenewsdaily.com/markets/mortgage-rates-12162022
From chicken wings to used cars, inflation begins to ease its gripAfter more than a year of prices racing higher, consumers are finally starting to catch a break, but inflation could still feel painful for years to come. Read More
Generation Z will quickly supplant millennials as the largest renter cohort. Read More
The median rent price in urban Honolulu increased 11.1%, rising from $2,429 in 2019 to $2,699, a $270 change. Read More
Multifamily housing does have an ability to mark rents to market, increasing them both on an annual basis at renewal time and when there is turnover in units. According to Yardi Matrix, multifamily asking rents hit an all-time high in April of $1,659, with rents up 8.8% in all but one of the top 30…
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Imagine paying $1500/month for rent in 2021 and getting a renewal letter for $2079. That’s the reality for those living in the metropolitan area where rental prices are accelerating the fastest according to the Single-Family Rent Index (SFRI) released today month by CoreLogic. Read More
More than 20,000 apartment-conversion units are slated to deliver this year. A growing number are in old office buildings. Read More
NEWS UPDATE: Supreme Court issues a ruling to end CDC eviction moratorium that was in place through October 3, 2021. Read More
NEWS ALERT! Latest Info on Federal Eviction Moratorium Read More
Latest Update: Eviction moratorium in Hawaii to end in August Watch the video here:
Mediation is a win-win solution for both landlords and their tenants. Read More
A very important update for landlords and apartment management! Read More
A timely opportunity for the apartment building investors! Read More
City and Council of Honolulu is giving rental and utility relief to renters who are unemployed for up to 90 days before application and for those whose income is below 50% of area median. Renters and landlords on behalf of tenants can apply.
It seems like the rush to apartment building investment may be slowing down–lenders are reporting that while lots of things are going into escrow, almost just as many are falling out. Have the returns (cap rates) compressed (lowered) so much that asking prices are just not reflecting the values lenders (and thus buyers) need to…
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I was having breakfast with a colleague this morning, and I explained that a seller I was working with had been told that his asset was worth $1-$2 million dollars more than I had calculated. Now, when I’m valuing a property I look at the income, I look at the comps, and I look at…
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Mayor Kirk Caldwell signed off this year on Bill 60, an amendment to the original legislation that relaxes those requirements to require units remain affordable for 15 years, and that at least 80% of the units are rented to tenants making 100% or below AMI. Read More
Hawaii renters and landlords alike are frustrated by the governor’s confusing rule. Read More
A state rent relief program is finally getting started with help from Aloha United Way and Catholic Charities of Hawaii. Under the program, funds for rental relief can go up to $2,000 per month for households on Oahu and $1,500 a month for households on the neighbor islands. Read More
A common practice when closing the sale of an investment property is for the seller to give the buyer a credit for any security deposits held by the seller and any rent that is to be prorated between the seller and buyer. If the seller is doing a 1031 exchange, it’s important to understand how…
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