Significant changes are underway following Bill 9, which aims to phase out approximately 7,000 units in apartment-zoned districts (the "Minatoya List") by January 1, 2029 (West Maui) and 2031 (rest of the island). Focus only on hotel-zoned units or permitted Short-Term Rental Homes (STRH).
Most new STRs outside of designated resort zones are prohibited. Ordinance 22-7 requires a 90-day minimum stay for non-resort properties unless they hold a legacy Nonconforming Use Certificate (NUC). buying a vacation rental in hawaii
Hawaii is primarily an rather than a high cash-flow market. Significant changes are underway following Bill 9, which
STRs are largely confined to Visitor Destination Areas (VDAs). New permits outside these areas have not been issued since 2008. 2. Financial Performance & Realities Ordinance 22-7 requires a 90-day minimum stay for
Investors often seek properties where gross annual income is at least 10% of the purchase price (e.g., $100k gross for a $1M property).
Full-service management fees range from 25% for independent companies to 40–50% for resort "front desk" operations. 3. Taxation & Compliance Hawaii Rental Property Bookkeeping: Complete Guide (2026)