Interesting article about Maui shutting down short term rentals (STRs)

[andre10056]

Vague Laws, Big Consequences: Uncertainty Chokes Maui Vacation Rentals

Maui’s vacation rental crackdown plan has left travelers and owners scrambling for answers. With shifting regulations, legal uncertainty, and growing confusion over what’s actually changing, Hawaii visitors are left wondering whether their bookings are secure. Here’s what’s happening, what’s at...

beatofhawaii.com

I'm sure Hawaiian timeshare owners are already very much familiar with this, but I find it fascinating what's apparently going on now.

Native Hawaiians are apparently livid with anger that they have no housing since so many Hawaiian properties have been converted into short term rental vacation properties for tourists. Hence, the municipal governments are going to shut down many thousands of such STRs.

Seems like that might make Hawaiian timeshares more valuable, both in terms of sales value as well as rents that might be sought.

 

[Luanne]

Vague Laws, Big Consequences: Uncertainty Chokes Maui Vacation Rentals

Maui’s vacation rental crackdown plan has left travelers and owners scrambling for answers. With shifting regulations, legal uncertainty, and growing confusion over what’s actually changing, Hawaii visitors are left wondering whether their bookings are secure. Here’s what’s happening, what’s at...

beatofhawaii.com

I'm sure Hawaiian timeshare owners are already very much familiar with this, but I find it fascinating what's apparently going on now.

Native Hawaiians are apparently livid with anger that they have no housing since so many Hawaiian properties have been converted into short term rental vacation properties for tourists. Hence, the municipal governments are going to shut down many thousands of such STRs.

Seems like that might make Hawaiian timeshares more valuable, both in terms of sales value as well as rents that might be sought.

Depending on how the timeshares are classified it might make them worth nothing. Check out the Minatoya list which shows the classification of properties. The A1 & A2 are designated Apartment and I believe those are the ones that might be in danger.

Alphabetical Minatoya List — Romvari Realty

The Minatoya List was created in 2001 by Richard Minatoya, the Deputy Corporation Counsel for Maui County, to clarify where vacation rentals (TVRs) could legally operate on Maui. The rule, which was later adopted into the Maui County Code, states that con

www.romvarirealty.com

From what I hear from folks who live on Maui this will be tied up in the courts for years.

 

[DeniseM]

This does not apply to hotels and timeshares which are licensed as short term rentals. This applies to fully-owned condos & homes.

 

[Luanne]

This does not apply to hotels and timeshares which are licensed as short term rentals. This applies to fully-owned condos & homes.

Some timeshares are classified as Apartments, on the Minatoya list, like where we own at Maui Hill.

It's all such a mess that I don't think anyone really knows which properties might be targeted.

 

[DeniseM]

Interesting - but I'm guessing that is not the norm.