02-25-2009, 04:40 PM
If you don't live on-island than you have to have a property manager, that's the law. You need to register your vacation rental business with the state and get a tax ID number. (It could be under your name or a business name, you can do it on-line at http://businessregistrations.com) You have to collect 4.1666% General Excise Tax and 7.25% Transient Accommodation Tax on all rentals. You have to file with the state monthly/quarterly/bi-yearly/yearly, depending on your rental income. Make sure you set up a credit card account, most people are not willing to just send a check for a rental. I have lots of clients with vacation rental properties, most have a rental agent and advertise by themselves too. If you have questions feel free to e-mail me.
Aloha,
John S. Rabi, GM,ARB,BFT,CM,CBR,FHS,PB,RB
808.989.1314
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"
Aloha,
John S. Rabi, GM,ARB,BFT,CM,CBR,FHS,PB,RB
808.989.1314
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"