Making Victims of Domestic Violence a Protected Class - 02/09/08 05:25 PM
It appears as though the Hawaii State House of Representatives and Senate are  moving forward in tandem with bills that would make the victims of domestic violence a Protected Class.   If a Property Manager has a tenant who is the victim of domestic violence living in a property he or she  manages, the PM will have to let him or her  break their lease.   Then, if the tenant's lease expires, or there is no formal rental agreement in place, the Property Manager or Landlord would have to let the tenant stay in the unit as long as they pay their rent.   It appears as though … (13 comments)

Interest on Tenant Security Deposits to Tenants - 02/09/08 04:58 PM
Thank Heaven for the Hawaii Association of Realtors Legislative Committee.   They were recently successful in getting Senate Bill 2802 deferred.   This bill would have required that Property Managers pay the tenant 6% interest on all security deposit money held on behalf of the tenant at the time the tenant vacaters the property.   At present Property Managers are unable to co-mingle any company funds with these security depsits, thus virtually precluding the Property Manager from earning interest on such funds from the Bank or other holder of the funds.   The logic here is that once interest would be paid by the bank … (11 comments)

Reducing Commissions - 02/04/08 03:05 PM
Like buying and selling agents, property managers also run into landlords who want to negotiate our commissions.  I recently had an opportunity to reduce my commission in order to manage a very exclusive home that the owner wants to place on the rental market because he has been unable to sell it.  I respectfully declined.   Here is the rational I used.    Thought you might find it of interest.  
There is legitimate rationale in having our commission based on a percentage of the rent; the higher the rent, the more difficult the unit is to rent. My expenses, and yours, go up … (4 comments)

 
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Jerry Bangerter

Honolulu, HI

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RE/MAX Kai Lani

Address: 1051 Keolu Drive, Suite #107, Kailua, HI, 96734

Office Phone: (808) 738-9350

Cell Phone: (808) 754-3748

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