"Nonresident" Property Owners Must Employ Property Managers For TVRs?
by Robert Thomas, InverseCondemnation.com
Check this out: the Hawaii Legislature is considering two bills (HB1707 and SB2089) that will require "nonresident" property owners who rent their property for thirty days or less (transient vacation rentals) to use a licensed real estate broker to rent the property, and to employ a property manager to operate it. "Nonresident owner" is defined as an out-of-state owner or someone who lives "on a different island" from their rental property.
Not surprisingly, much of the testimony in favor of these measures has been submitted by the counties (these bills purportedly would make it easier to collect TVR taxes), and by property managers and real estate agents.
Putting aside any questions of whether this is good policy or not, think there might be any problems with this?
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Related: House Bill 1707: “We will be forced to sell” |