Kona Condo UPdate
This is the traditional “Hang Loose” sign you flash on appropriate occasions; generally with a flip of the wrist or shaking back & forth motion. I can mean “right on brah!”, “no worries”, “that’s cool”, “be cool”, “relax, brah” and … Read More »
When clients come to town to purchase a vacation rental condo, one of the things they ask for most are the occupancy rates and income figures of the current owner. I hesitate of advise people that the current owner’s occupancy … Read More »
Many people, including real estate agents, get the terms HOA and AOAO mixed up. In fact, most aren’t even familiar with the term AOAO. HOA stands for Home Owner’s Association. In real estate this is strictly used for single family … Read More »
Recently I received this question: “Do Residential condominiums require a survey like gated community homes?” The question actually requires answers on a couple of levels. First of all, I have to assume the question is referring to the time when … Read More »
The State of Hawaii requires condo projects to have a certain percentage of the fees they take in held as reserves. This is basically a bank account that the Association Of Apartment Owners (AOAO) can use to pay for unexpected … Read More »
Many UPdate members have asked how to find a vacation rental when coming to Kailua-Kona. The best way is to search www.vrbo.com When you get to the home page, at the very top is a box that says “Search by … Read More »
There has been some confusion expressed over the difference between the various items labeled as “zones”. On the MLS Data Sheet, under “Zoning”, this is the County of Hawaii Land use zone. It looks like this: RS-7.5. The letters stand … Read More »
What is covered by the monthly AOAO maintenance fees varies greatly from one complex to the next. The maintenance fee is the same whether you live in the unit or rent it out. The maintenance fee is determined by vote of the AOAO … Read More »
See my latest blog post – Pet-Friendly Condominiums.
I hesitate to recommend any particular property management company because most people I have talked to are not satisfied with the company they use. So I will provide the names of a few I am familiar with, but with no … Read More »