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Urban v. Suburban: Choosing the Right Oʻahu Neighborhood for your Lifestyle

info@engageyourbiz.com (Engage Team) — Tue, 15 Mar 2022 05:13:11 GMT

From the Big Island to Oʻahu

One of the benefits of living in the island archipelago of Hawaiʻi is that the other Hawaiian islands are a short flight away. It was during a spontaneous visit to Oʻahu from the Big Island of Hawaiʻi – where we lived for 6 years – that my partner and I got the idea to switch islands. Although each of the Hawaiian islands has unique merits, we were ready to experience Oʻahu’s convenience, plentiful hiking trails and beaches, and diverse economic opportunities.

After landing a job offer based in downtown Honolulu, our relocation planning began. Since we were still largely unfamiliar with Oʻahu, we tailored our apartment search to a few factors, including: proximity to work; walkability to groceries and other necessities; and amenities like air conditioning, a pool, and a gym. Of course, budget was a factor as well, and we set our price range accordingly.

Choosing Kakaʻako

While the apartment criteria narrowed our search to three Honolulu neighborhoods – Waikiki, Ala Moana, and Kakaʻako – we focused on Kakaʻako because of its newer buildings and walkability to shops and dining. While living in a downtown Airbnb, we cruised sites like HICentral , Zillow , and Craigslist to find leads, and looked at several apartments before securing a 1-bedroom in the recently completed Keauhou Place tower.

In addition to our unit having an incredible view overlooking downtown and the harbor, it came with shared amenities like covered parking, a pool, gym, and barbecue grills. As well, we enjoyed access to its ground-level pedestrian mall, which offered a natural grocery store, spa, and spots for dining and takeout – not to mention a short jaunt to even more options at SALT and Ohana Hale Marketplace . Aside from walkability, the location served as a central jumping off point for weekend adventures around the island.

Change of Scenery

Two years, a pandemic, and one job transition later, we were ready for another change of scenery. Since I switched from working in-person to working remotely, we no longer needed to live close to downtown, and began exploring the idea of moving to Oʻahu’s east side, where we would be closer to some of our favorite hikes and beaches.

While the search process was similar, the inventory in our budget range was different, and it took a bit longer to find a suitable home. As opposed to the ample selection of apartment and condo listings in Honolulu’s urban core, the east side neighborhoods of Kaneohe, Kailua, and Waimanalo offered mostly ADU’s (additional dwelling units) or single family homes converted into multiple rentals units – sometimes lacking the privacy or amenities we needed.

It took about 3 months to find our ideal rental home in Kailua, a similar 1-bedroom condo within a comfortable walking distance to town and the beach. It took a lot of patience, because the inventory was more limited; but, luckily we had flexibility to keep searching until we found our match.

Urban v. Suburban: Which to Choose?

Ultimately, I am glad we got the experience of living in both Honolulu and Kailua. Particularly, the Kakaʻako neighborhood, with its abundant street art, well-maintained parks, and diverse shops and dining options, is a great place to get a feel for Oʻahu’s urban core. On the other hand, Kailua has an intimate, beachy feel, which could be a better fit if you can work remotely – and avoid the driving commute into “town” (local shorthand for Honolulu).

Either way, pre-determining your unique home, budget, timing, and lifestyle criteria can help to narrow your search and point you in the right direction.

About the Author

Ali Slous is the founder of Perspective Media , an Oʻahu-based creative agency whose mission is to empower entrepreneurs and small businesses to channel creativity in ways that generate both professional success and personal satisfaction. When she is not creating Perspective Media, Ali enjoys access to the incredible nature Hawaiʻi has to offer.

Resources

HICentral: https://www.hicentral.com/
Zillow: https://www.zillow.com/honolulu-hi/?utm_content=319854744|1301821912900950|kwd-81363927204438:loc-190|81363895177301|&utm_campaign=zbw_br_natgeo_usa_x_nat_cities_e_b_1&semQue=zillow%20honolulu&msclkid=330d4f9cfa6b19b9b07d2db5ba061625
Craigslist: https://honolulu.craigslist.org/search/hhh
SALT: https://saltatkakaako.com/
Hale Ohana Marketplace: https://www.ohmhawaii.com/
Perspective Media: https://perspectivemediahawaii.com/

New Year, Same Same?

jlittlera@gmail.com (Jacqueline Little) — Wed, 16 Feb 2022 18:23:59 GMT

A new year is upon us, and I must say it feels familiar, yet unpredictable. What I mean by that is, although we’re still dealing with the pandemic, the real estate market is still very dynamic. Mortgage rates dropped to record lows for much of last year, while home values and sales peaked to record highs. Where does it go from here?

To say that there will be a housing market cool down is too drastic. Steady buyer demand and low inventory will continue to drive up prices. My insight for 2022 aligns with what most are predicting for the housing market’s future - everything will be high. Demand, prices, home appreciation rates, and eventually home inventory and interest rates will rise too.

While some trends from 2021 will continue into the new year, some things will change. This year will be defined as a steady year of (slow) growth. The market will no doubt be in the favor of the sellers for now, but things will start to swing the other way. Because the real estate market is affected by current events, fluctuations are inevitable. If you’re looking to buy, pay attention to interest rates and always be in tune with your own personal finances. If you’re in a position to sell this year, it wouldn’t be a bad idea. The smaller housing inventory fares to your advantage because low inventory creates competition among buyers, essentially increasing your property’s value.

If you’re a seller, know that there are options for selling. Whether it’s your first home sale or your fifth, talking to a real estate agent will help you explore your options so you can market your home to a wide range of potential buyers and get you top dollar for it. If you’re a buyer, the same advice rings true here. Talk to a real estate agent who can help you navigate this active housing market and help you find the right situation for you to act on.

As always, Royal Realty is here for you and ready to take on 2022 with you!

Practical Things to Do with Your Home When Moving to Assisted Living

info@engageyourbiz.com (Engage Team) — Thu, 13 Jan 2022 03:52:26 GMT

Moving into an assisted living facility means making quite a few tough decisions. In addition to choosing where to move, the other big challenge you'll face is what to do with the family home. Selling it, renting it out, and leaving it in the care of family are all viable options. But which is best? Here are some of the financial concerns to keep in mind as you consider your choices.

Choose the Right Community

Most assisted living communities share common offerings that include help with daily tasks, meal preparation, social activities, and the like. However, despite these similarities, not all communities are the same. Each one has its own specific model that caters to their residents’ needs, and winnowing down your options can feel overwhelming at first. To ensure you choose the best community for your situation, make a list of specifics that you want in a residence, and be sure to tour several places. In addition to cost, other factors to keep in mind as you suss out different communities are levels of care, the types of living space offered, and proximity to services, hospitals, and shopping.

Keep in mind that if you need round-the-clock medical care, then a skilled nursing facility will be a better option than assisted living. You can visit Senior Care to learn more about nursing homes in your area including amenities, cost information, and reviews from families. Once you decide where to move, it’s time to determine what to do with your home.

Selling Your Home to Fund Long-Term Care

Selling your home can be a great way to cover your assisted living expenses, as long as you think ahead. Find out how much money you can expect to gain from selling your home by checking out the current sales trends in your area. It’s important, however, to keep in mind that selling your home comes with its own set of expenses. According to Bankrate, you can expect to pay up to 10 percent of your home’s sale price in various fees . That said, you're going to want assistance with selling your home , since it requires completing many steps.

Renting Out Your Home for Regular Income

Renting out your home may be another good way to fund your assisted living costs, particularly if your mortgage is paid off. As opposed to selling your home, renting will provide a regular source of income that can help cover your care expenses for as long as you need. At the same time, this will allow you to keep your property in the family.

One downside is that it’s possible that you may not be able to charge high enough rent to cover your expenses. Find out what kind of rental income you can expect from your home by evaluating other rental properties in your area and comparing your rental rates against your existing monthly expenses. You also have to consider the potential costs of vacancies, evictions, and major maintenance before renting out your home. Fortunately, you will be able to claim many of these expenses as tax deductions .

Unless you have a family member willing to take on the duties of a landlord , you may have to hire a property manager to handle your rental. While a property manager will take care of everything—from finding tenants to collecting the monthly payment—Forbes reports that they will also take about 7-10 percent of your rental income.

Gifting Your Home to Relatives

If you have other ways to cover your assisted living costs, you may not need to sell or rent out your home. But holding onto your home means you will still be responsible for monthly expenses like utilities, property taxes, insurance, and mortgage payments. A good way to keep your home in the family and avoid these expenses is to pass it on to a family member.

Deciding what to do with the family home is more than a financial matter. It can be a very emotional decision as well, especially if you’ve spent decades calling this place home. Take a breath, take your time, and try not to rush into any irreversible decisions. Evaluate your options carefully to ensure you make the choice that best suits your needs and desires.

By Kelli Brewer

Contact Royal Realty to inquire about our management services and listing services.

Special Q&A Blog Post

info@engageyourbiz.com (Engage Team) — Sat, 25 Dec 2021 03:41:33 GMT

Royal Realty Agents reflections of 2021 and predictions of 2022.

Reflecting back on the year 2021, what is a major experience that impacted you and how will you apply it in 2022?

What is your real estate prediction for 2022?

What I learned from 2021 is making sure your client is ready, whether it’s having the prequel ready, educating them of the current market, ready to move forward quickly, setting expectations right, communicating is very important. Low inventory in Maui will continue to drive the price up, we might see price level a little bit, but if supply continues to be low and demand is high, the price will stay high in 2022.

Lisa Setiawati(RS-81636)
Direct: (808) 727-0645

lisamauirealty@gmail.com

_______________________________________________________________________________

Reflecting back on the year 2021, what is a major experience that impacted you and how will you apply it in 2022?

At this point, I can’t even remember what 2021 was like since it was just a whirlwind of relearning and catching up on life since Covid. Learning how to wear more than just pajamas, leaving the house, how to go to grocery stores that are at capacity, eat out at restaurants, and just the basics of socializing. Along with learning how to be an adult again, I have had to catch up on physical office documents, personal finances, waistline, and my Deannie boy (my dog's) waste line. In the midst of all of this, there is one thing I do remember. I remember being so motivated and inspired by everyone's ability to pivot with last-minute notice, support each other all while standing for what they believe in. I would be blessed to be able to show half the strength of the general community around me going into 2022.

What is your real estate prediction for 2022?

I predict that interest rates will increase, making homes less affordable and refinancing less accessible. With that, we shall see a correction within the real estate market throughout the country including Hawaii. Now Hawaii is still dealing with a supply and demand issue as we live on islands, so I don’t expect the correction to be as significant as the States but only time will tell.

Jacqueline Little (RB-21076)

LEARN MORE ABOUT ME!
Royal Realty (RB-20324)

Broker In Charge, SFR

Cell: 808-294-6386

_______________________________________________________________________________

Reflecting back on the year 2021, what is a major experience that impacted you and how will you apply it in 2022?

What is your real estate prediction for 2022?

The ending of 2021 has seen a cooling off of buyers’ bidding wars. I’ve seen a more stable home buying market allowing buyers to now to be able to achieve purchasing their dream home at an affordable and reasonable price. I foresee this trend to continue into 2022 as interest rates will slightly rise. Even with the slight increase, interest rates are still within the 3% range with market predictions of 4% towards the end of 2022 giving home buyers some time to buy before the end of the year.

Lynell Hart (RS-63434)

lynellhart@gmail.com

808.783.7831

______________________________________________________________________________

Reflecting back on the year 2021, what is a major experience that impacted you and how will you apply it in 2022?

A major experience that impacted my 2021 was the increased stress on both tenants and owners due to the pandemic, finances, and really just all-around uncertainty. This increased stress and uncertainty have caused many tenants and owners to behave/react in ways that they may not have under normal circumstances. Being a property manager means constantly being in between two or more parties trying to solve issues while keeping our client's fiduciary responsibility in mind and being ethical and courteous to all parties involved. This increased stress and sometimes antagonistic behavior from tenants or owners, while not enjoyable to deal with at the moment, has only helped me become a better realtor, property manager, and overall negotiator. When faced with these situations and many times multiple of these situations at once it took up much more of my time and energy. As a result, I was forced to have clearer and better discernment of where and what to spend my time and energy on in order to solve issues, get to resolutions, and keep my sanity in the process. Going into 2022, I will apply these better discernment and negotiation skills to continue to improve my business and success.

What is your real estate prediction for 2022?

My real estate prediction for 2022 is that the rate at which properties are increasing in value will slow, which we are already starting to see. Some parts of the mainland could see more than a just slow down in appreciation and may even decrease in value, but I do not see the Hawaii market decreasing in value due to the shortage of land and strong demand for the islands. I expect the market to still be strong in 2022 but I do expect to see the number of offers per home be less and possibly a slight increase in the number of days on market.

Preston Cope (RA-81911)

preston@prestoncope.com

808.664.1559

4 Tips to Gain Your POWER in 2022

Thu, 09 Dec 2021 04:53:48 GMT

The end of the year often brings a moment of reflection for all of us. As a Royal Realty agent and the company’s marketing manager, I’ve reflected on the last year and also on what my goals are for 2022. The feeling I get is ultimate gratitude for what I’ve been able to accomplish.

The new year is right around the corner! Now is the time to take stock of how 2021 treated you and prepare yourself with a set of goals for 2022. If you’re anything like me, I learned so much about myself through all the challenges. What was most eye opening was that every opportunity and positive experience was attributed to saying “YES!”

I started this year promising myself to say YES to ALL opportunities that presented itself in both my personal and work life. Saying YES has only enabled me to gain power over my success. Here are some ways you can own your power more in 2022:

#1. Work towards financial freedom

I moved to Hawaii four years ago with 30 thousand dollars in credit card debt alone. Come June 2022, I’ll be making my last credit card payment and will be DEBT FREE! I played hard ball and was able to settle all my debt and paid between 40-60% of what was owed. Some credit companies were tough to negotiate compared to others, but it’s not impossible. Do what you can to stay on track with your finances, stick to a budget, and be determined to relieve any debts. .

#2. Hustle for what you want

I started the year with 50 client accounts and ended with my goal of 65 client accounts. What really challenged me this year was managing buildings. When my broker asked me if I wanted to manage my first building, my first feeling was FEAR of failing but I SAID YES anyway. Weeks later, I got my second building. These two buildings helped me reach my professional goal this year. Working hard and hustling when it counts is what will get you to check off those goals. Even if it is a small victory, it is something towards your goal. Work hard!

#3. Believe in yourself

My goal was to close 10 listings/sales this year. I’m now ending this year with 20! The small listing (which I didn’t really want) led to another listing in the building. The property management account that caused me a lot of stress led to a listing this year. Saying YES to even the SMALLEST transactions lead me to other opportunities. Believe it or not, when you believe in your abilities and swallow your pride or fear, opportunities can happen!

#4. Investment in your future self

This year I started investing in a retirement plan and my kid’s future. YEAH! This is a big deal because I’m now looking at succession planning and a future beyond myself, and for my kids. The present is always what counts, but the future will be shaped by our decisions today! Take steps that will design a future you can be happy with and proud of.

Happy Holidays and Happy New Year from all of us here at Royal Realty!

Jennifer Peele (RS 80159)

@JenniferPeeleRA

Moving with Pets

jlittlera@gmail.com (Jacqueline Little) — Tue, 09 Nov 2021 07:01:02 GMT

How to Prepare for a Big Move with our Furry Friends.

You know how stressful moving can be, right? Now, imagine how stressful it must be for your pet? Animals get easily anxious when any changes occur within the home, so a move out of the comfort of their home only heightens their fears. It is a good idea to add a pet to-do list to your general moving list so that you can best prepare for unexpected behavior changes or anything else that may happen when introducing a pet to a new environment.

Pick a pet-friendly neighborhood

Before settling on a new home, be sure to walk around the neighborhood to determine whether the area is safe for your pets. Also, depending on your pet’s age, you’ll need to make sure square footage or yard accessibility is there so they can move around with ease. Older dogs, especially, need to go outside often so you need to consider single story dwellings with close access to green space.

Shield them from busyness of moving

The best way to lessen the stress on an animal is to remove them from the action during the move itself. By keeping them in the quietest areas of the house, at a friend’s house, or at a kennel for the time being, are better options than exposing them to the moving chaos. Just make sure to check in on them often and keep their feeding or walking schedule the same. Keeping a sense of their routine in the midst of all the changes helps a lot.

Move them last

It’s important to move as much as you can into the house before moving your pet. Set up as much as possible or even just one of the rooms so that you can confine them there until the house is completely or acceptably livable. When introducing an animal to a new home, give them lots of attention and be sure to introduce familiar objects like toys. The key is to make them feel at home as much as possible.

Pet proof your new home

Just like you would a baby, safety-proof your new home to make sure your pets navigate their new space safely. Block dangerous nooks, hide away electrical cords, and remove plants that could cause a pet to get sick if digested. If your pet is an escape artist, be sure to fence up or secure openings around the property.

Update their info

Once you’re settled and moved in, be sure to update your pet’s tags or microchip information or, more importantly, contact their veterinarian especially if moving out of town. Taking your pet’s records and any prescriptions will be helpful when finding a new vet in your new neighborhood.

Pets are like family. Treating them with patience, kindness, and care will help them adjust in no time when moving and settling into a new home! If you’re in the market for a new home, or need more pet advice, we’re your pet-loving and pet-friendly realtors at Royal Realty! Give us a call where Service is King!

Financial benefits for Owning a Home

jlittlera@gmail.com (Jacqueline Little) — Wed, 08 Sep 2021 00:34:40 GMT

If you’re on the fence about becoming a homeowner, especially during these unsettling economic times, you may want to consider weighing the pros and cons of homeownership first. Homeownership can often represent financial success, life stability, and community contribution. But it also isn’t for everyone. Let’s break down some of the little-known benefits of owning a home.

The biggest benefit of home ownership is definitely a financial one. Although you may be looking at a big investment up front, the long-term savings and opportunities far outweigh the initial cost burden. One of the most notable advantages is building equity. Equity is the value you have in a given asset. When you pay your mortgage every month, you’re building equity in your home. In contrast, when you rent a home, you are paying a landlord versus contributing towards an actual asset. Building equity is often considered a financially intelligent investment.

When you build equity, you build wealth. As your property value increases, so does your equity which allows you to eventually sell your home for profit. You can use that money to reinvest in a new home or an investment property. If you don’t sell, you are still creating a long-term savings plan for yourself and your family. You may tap into your home’s equity in the future for retirement use.

General financial education is also a perk when owning a home. The financial knowledge that comes with buying and sustaining a home sharpens your financial skills, which can be passed on to your children, preparing them for future financial decisions. Tax benefits are also a big advantage of being a homeowner. Any interest paid on a home mortgage is tax-deductible. You may also reduce your taxable income further by deducting property tax. Furthermore, homeowners may be exempt from up to $250,000 after selling their home due to an exemption in the capital gains tax. A big benefit from being able to see your home!

If it is in your favor to purchase a home right now, why not? Currently the market is hot, but that just means everyone sees the value in home or property ownership. Long associated with the American Dream, home ownership can secure a strong financial future which makes it an appealing option for so many people.

By, Jacqueline Little (RB-21076)

Finding the Perfect Vacation Rental

jlittlera@gmail.com (Jacqueline Little) — Tue, 20 Jul 2021 00:36:07 GMT

It’s summer! With COVID restrictions loosening up, you may be tempted to to take a trip (hopefully to Hawaii wink). If you’re planning some time away, consider staying at a vacation rental. More and more, these types of accommodations are becoming more appealing than staying at a hotel or resort. As a company that manages vacation rentals in Hawaii, we know a thing or two about how to choose the best vacation rental when traveling. Here are some tips to keep in mind:

Do your due diligence

With vacation rental websites like AirBnB or VRBO, there’s really no excuse to not do your homework on the owner and the rental itself. Check out the rental’s reviews and you’ll gain some real insight on the space, the neighborhood, and how accessible it is to public transportation if you’re not renting a car, or main highways if you are renting a car. Other customer reviews could give you an idea if the rental is right for you or your family.

Is it a “home” away from home?

Check the amenities. How’s the kitchen situation? If you’re a coffee drinker in the morning, make sure the rental has a coffee maker. Is there A/C or heat to help you feel comfortable despite the weather outside? If the rental feels like home with everything you need to prepare meals (a plus when on vacation so you’re not breaking the budget by eating out at every meal,” or do laundry if you’re visiting for a longer period, it can really provide the feeling of “a home away from home” for you.

Fees, deposits, taxes

Be aware of cleaning fees, what deposits need to be made in advance, and any hidden fees you may be responsible for. Typically you’ll need to provide at least 50% upfront, sometimes even more, to secure your rental. Read the fine print and ask questions if you are unclear on how much the rental will cost you with everything included.

Planning vacations can be stressful. Hopefully choosing and booking a vacation rental is one less thing to worry about. Start with making a “must-haves” list and a “wish list” when searching for your perfect vacation rental. Or simply visit www.royalrealtyvacationrentals.com when you’re ready to book a vacation rental in Hawaii and we can help!

Follow our Vacation Rental Instagram Page for upcoming rentals and best spots on Oahu.

Pandemic-Friendly Downsizing Tips for Seniors

info@engageyourbiz.com (Engage Team) — Wed, 09 Jun 2021 06:40:24 GMT

With a pandemic reshaping our world, it’s natural for seniors to be concerned about making a major lifestyle change right now. However, mortgage rates are both stable and low, and the demand for homes is up. Add to that the many ways the industry has adapted to keep everyone safe throughout the process, and now could be an ideal time for your transition.

What’s New?

Home selling and buying have changed a lot in the last few months. When the pandemic erupted, the industry scrambled to mainstream some existing technology. The end result is a safe and effective process for everyone involved, and in fact, it’s working so well that business journal SBJ predicts these new methods might be here to stay.

At the forefront of these new technologies is virtual home tours. Fit Small Business explains these come in three types : video walk-throughs, 3D tours, and interactive 360-degree tours. In a video walkthrough, someone (often your agent) records a tour of your home with a camera, and it’s pretty straightforward. 3D tours typically involve special gadgetry and software. The interactive version is an immersive experience for the viewer, much like being there in person, and it also requires special electronics and software.

At Your Service

Your agent can guide you through selecting what tech solutions are right for you and help with recordings and arrangements. Technology can help you with this phase of the process, as well. You can meet with your agent online and also view homes online as you begin browsing for your next abode. You can also use the Royal Realty valuation tool to look up your home’s value online, which will help you configure your house shopping budget. Better appraisal reports include information about recent sales in the area so you’ll have an idea of what prices similar homes are fetching.

What Are You Looking For?

It’s important to narrow down your priorities as you dive into house hunting. This might be things like aging-in-place design elements , low-maintenance landscaping, and an easy-care exterior . Since not many homes out there are already senior-friendly, listing which items you want to focus on will help you narrow the field. For instance, a single-story house with an open floor plan and the siding you prefer might be an agreeable compromise. You can always add things like grab bars and an entryway ramp later on.

Alternatively, if you prefer a little more support as you age without sacrificing independence, you could look into moving into a community. There are many ways to go about this, such as home sharing or even niche retirement communities. The bottom line is you enjoy a measure of assistance with chores and home maintenance (to name a few) and, most importantly, stay connected with other people.

And since you’re downsizing, contemplate how much space you really need and what belongings will go along with you. Inevitably this means a major purge for most seniors, and that can take some time. On the upside, you might be able to sell some of your things online, which will give you some money for your move. However, if you haven’t started paring down yet, the sooner you do, the sooner you’ll be ready for your next home.

Proceeding With Caution

Moving during a pandemic requires a measure of caution. You have the usual mover scam artists to watch out for, and you also have a virus to be wary of. Reputable movers will take extra precautions to ensure your belongings and you remain safe, using things like disposable furniture wraps and disinfecting their vans. They will also provide you with your estimate and agreement in writing and not request any money prior to your moving day. Beware of any companies that don’t follow those standard procedures.

The pandemic moved the real estate industry forward with technology that can keep you safe. Talk with your agent about what you should do, look for your next home and/or community, and do some editing while you’re browsing listings. When the time comes to move, find a reputable and responsible company to help, and you’ll be able to make your transition with peace of mind. Reach out to Royal Realty to start .

- Michael Longsdon

Seller’s Market?

jlittlera@gmail.com (Jacqueline Little) — Wed, 19 May 2021 19:46:56 GMT

As an active full-time realtor, I am regularly navigating between Buyers and Sellers. As you probably have heard, the Hawaii real estate market is “HOT” right now. When I say “HOT” I mean that it is a “Seller’s Market.” With single family homes selling at an average of 16.65% above last year prices and an overall of 50% more closed single family and condo units, we can all agree that it is a “Seller’s Market.” Be cautious, there are different challenges you risk facing.

A “Seller’s Market” simply put, means there are more Buyers on the market than Sellers. Low supply meets high demand. When demand becomes higher than the supply, that supply becomes more difficult to purchase and generally making that item more expensive. Think of the new PS5 right before Christmas in 2020.

What does that mean if you are a Buyer right now? It means that you need to have all your ducks in a row. In addition to being well-prepared, you will need to be ready to make accommodations that you generally wouldn’t need to make. Accommodations in regards to possibly paying for condo docs, termite reports and even sometimes, agent commissions. More importantly, you most likely will need to be ready to submit offers above list price. If a unit has a market comparable of $495,000 and is listed at $495,000, there is a good chance the Seller will receive at least one offer above $500,000.

Now, if you are a Seller, you are probably thinking, “Hey, it is a Seller market! I can sell my townhouse with market comparable of $495,000 for $550,000.” Well, generally, with that type of price point the offers you receive will require a mortgage and therefore an appraisal. What is an appraisal? The literal term of appraisal is “an act of assessing something or someone.” Now in the case of real estate, a mortgage appraisal is done by a licensed, trained, certified professional that will come up with “legitimate” property value by looking at data. Data on the recently sold comparable units, replacement cost and/or income possibilities. If the appraised / "legitimate” value is less than the offered price, it is likely that the Buyer’s lender will not be able to complete the loan unless additional Seller’s accommodations are made. Meaning, you as the Seller will need to come back to the table and negotiate your selling price with the Buyer. There are multiple scenarios whereas a Seller you can still sell your unit above the assessed value, but this will require proper advice and planning.

All, one thing holds true. No matter what market you are in, if you want to successfully sell or purchase a property, it will require an experienced, respectful Real Estate Agent/Realtor. With the right Agent you will be well-prepared as a Buyer or have the right experience to plan for possible negotiating scenarios as a Seller in this competitive market.

Until next time. Royal Realty, where SERVICE is KING!

Start Your Home-Based Hawaii Business: 10 Resources for Vets

Sun, 11 Apr 2021 03:56:22 GMT

It’s true, telecommuting is now a matter of necessity rather than convenience. But the reality is that it’s opened up new opportunities for many business owners and professionals. Maybe you want to start a small business from your living room or nab your next virtual job via video interview. Either way, these resources can help you reach that next level of success in your professional life.

Access Veteran-Specific Resources

As a retired service member, you may qualify for special programs and support as you start a business, or even if you’re still working for a company. Utilize the resources available to you as a veteran before exploring other options for business support.

● Consult with a veteran outreach program in Hawaii to learn more about entrepreneurial development offerings.

● Read up on opportunities and recommendations from the Small Business Administration.

● Join a small business development center in Hawaii to build local connections.

Acclimate to the WAH Mindset

Any office worker who has transitioned to working from their kitchen table recognizes the challenges of remote work. It may take an adjustment period, but you can settle in faster with these resources.

● Experiment with remote work tools with your team or for solo project management purposes.

● Set your office hours and other boundaries and stick to them – work is work and downtime is free time.

● Learn the ins and outs of working remotely as a business owner.

● Run down your productivity checklist and maximize your working hours.

Enhance Your Skill Set

Developing your skills is the fastest way to power up, whether you’re working for a corporation or starting a business from home. Explore these ways to boost your abilities and learn something new to help propel your career to new heights.

● Remain receptive to feedback, whether remote from your supervisor or as a business owner leading a team.

● Seek training or formal education to elevate your job prospects (or show clients who’s boss).

● Prioritize skill building in areas like time management and communication for consistent growth.

Starting your own business from home in Hawaii may be the smartest professional move you ever make. By exploring these resources and developing a solid plan for your new venture, you’ll be miles ahead of the competition and well on your way to a successful future.

Are you looking to buy a home to live in and work from in Hawaii? Visit Royal Realty for the service you deserve in finding the house of your dreams.

Photo via Unsplash

Written by : Kelli Brewer

Renting VRS Buying

jlittlera@gmail.com (Jacqueline Little) — Fri, 05 Mar 2021 03:04:15 GMT

There are many factors to consider when you’re thinking about whether to own a home in Hawaii or to just rent. Topping the list is the money factor - can you afford to do either? The difference between a rental payment and a mortgage can often be two to three thousand dollars. Whether you were born here or flown here, it’s a question most people living in Hawaii contemplates: rent or buy?

It’s a competitive market out here

Whether renting or buying, both options will come with multiple offers on the same property you’re eyeing. Hawaii is always in demand. First and foremost, do your research and be prepared ahead of time before you consider renting or buying anything! Because when it’s “go” time, you want to be sure you don’t miss a beat with what you need to close on the deal.

Money talks

What we mean here is that your money will dictate whether a long-term plan of renting or buying is sustainable. When renting, your monthly housing budget will be lower than a mortgage payment and you may not have to dish out money for house repairs or even some utilities. So your wallet will be freed up for other things that support your lifestyle. When paying for a mortgage, however, you’re contractually stuck with a fixed payment that may disrupt other financial obligations you have. You will have to assess “wants and needs” in order to sustain a mortgage. But buying a home will make you money through equity, whereas, a rental payment doesn’t.

In it for the long haul?

Will you be calling Hawaii your forever home? Or will you get island fever and want to jet off to live elsewhere in a couple years? This matters because whatever your long-term plan is should dictate your decision to rent or buy. Real estate should always be looked at as a part of your overall financial plan. The truth is, your goals, income, life decisions, and debts are all factors that should be considered when renting or buying a home. Buyers tend to see real estate as an opportunity to grow their wealth and sustain themselves economically.

Living in Hawaii is a blessing regardless if you’re renting here or have bought a home here. If you’re fortunate enough to call the islands your home, you’re already on the upside. But we all know it takes sacrifice to financially afford to rent and buy here. Call us when you’re ready to do either, and we’ll gladly help you decide on what’s best for you!

By, Jacqueline Little (RB-21076)

Planning a Vacation in Hawaii

Wed, 10 Feb 2021 18:29:28 GMT

Aloha! This welcoming is something that will be heard when landing on the beautiful islands of Hawaii for a vacation. There’s no place like Hawaii, the beautiful beaches, the palm trees, the lushes green mountain ranges, the culture, the food, and so much more! I am sure there are envisions of it already. However, before actually being emerged in the Aloha Spirit of the islands it is important that one does research and takes the time to plan a Hawaii vacation. This way, all the time spent actually on vacation can be used enjoying, playing, and relaxing rather than stressing or having disappointment due to ill-informed decisions.

So where does one begin planning a vacation in Hawaii?

First, decide which island or islands you will be visiting. Since Hawaii is considered one state, sometimes people think that all the islands are the same. This could not be farther from the truth! There are six major islands that are accessible. They include: Kauai, Oahu, Molokai, Lanai, Maui, and the island of Hawaii or also known as “The Big Island.” All of these islands are unique and each have their own characteristics and activities. So, take time to read up and watch videos on each one to decide where best to vacation. If this is going to be your only time visiting Hawaii, I would suggest visiting two or more of the islands while in the state to experience as much of the diversity as possible.

Once you decide on which island or islands you’ll be visiting, it’s time to choose a specific location to stay and plan activities accordingly. Hawaii has a wide variety of options to satisfy the thrill seeker, the adventurer, or the relaxer. The style of the vacationer will help to determine where to stay on the island. Want to be close to a beach to lay out in the sun, get in the ocean , and relax with some Mai Tais, daily? Looking to be central to activities such as skydiving, horseback riding, and shark diving to reduce driving time each day? There are many combinations of adventures, relaxation, and locations to stay so take the time now to do research and have a general plan of how the vacation will go.

Lastly, once the decision is made on which islands will be visited, and the general location of your stay on the island, it will need to be decided what kind of housing accommodation one will utilize. There are two main options when it comes to housing accommodations, either a hotel or a short term rental (Airbnb, HomeAway, etc.…). The main differences between the two are service, price, and design. Hotels are more suited for clientele that are looking to have an extra level of service, which can include room service and maid service. Be sure to check with the hotel as not all of them provide these services. While short term rentals usually do not provide

room service or daily maid service they still provide great housing accommodations (sometimes nicer than hotels) at usually a more affordable price. There are also many short term rentals located within “condotels” which means paying for the price of a short term rental, but still being able to utilize the amenities of the hotel, such as the pool or gym. Since short term rentals are mostly privately owned, they usually have more personality and can have items such as longboards, bikes, and games that can be utilized during the stay. Depending on their budget and what the vacationer is looking for from housing accommodations will determine whether a hotel or short term rental is best for the stay.

Here are some options for short term rentals to stay in Oahu or Maui .

When choosing housing accommodations whether it be hotels or short term rentals don’t just book the unit

based on the pictures and headline. Be sure to read the full description so you are aware of exactly what the stay includes and any and all fees that apply other than just the advertised nightly rate.

In conclusion, take the time now to do research and plan for a trip to Hawaii to get the most out of the vacation. Decide on which islands will be visited, what to do on each island, where to stay, and what kind of housing to stay in. Most importantly, be safe and have fun, and embrace the Aloha Spirit!

Preston Cope

Realtor Associate

RS-81911

preston@prestoncope.com

808.664.1559

4 TOP Tips when Purchasing Property

info@engageyourbiz.com (Engage Team) — Tue, 02 Feb 2021 05:39:51 GMT

Buying a home is a big commitment. Huge! It’s also a journey that requires a lot of preparation, planning and research. As a real estate company, we have experienced our fair share of clients who were either ill-prepared or well prepared before coming into the market. To help mitigate the common mistakes buyers make before buying property, here is a collection advice from our very own Royal Realty agents.

Get pre-qualified...then pre-approved!

Lots of buyers hear the terms “pre-qualified” and “pre-approved.” But do they know the difference? There is a big difference between the two. And although both actions are good to have, one has more weight than the other in preparation for buying property. Pre-qualifying is just the first step. Pre-qualification gives you an idea of the amount of a loan you'll likely qualify for. Pre-approval is a conditional commitment to actually grant you the mortgage.

While many buyers jump the gun and start looking at homes early out of excitement, it's best to seriously look for your new/next home AFTER you have been pre-approved! This will ensure you are looking in the appropriate price range you can afford. Speak to a loan officer before or at the same time you begin to speak with an agent. Sellers need to know you are a capable buyer and getting pre-approved is one of the best ways to do it.

Find a realtor you can trust.

Now, more than ever, expertise and experience matter, so hire a great agent with a well-established track record! In a highly competitive seller's market, having an agent that can write clean, strong, and competitive offers, can negotiate well on your behalf, and has a great reputation in the industry can be the key factor in winning the home of your dreams, as well as to ensuring a smooth and stress-free home buying experience. Your realtor will often be the first person you text when you wake up and the last person you text before you go to sleep. You want someone that you can trust and guide you regardless of if this is your first time or your tenth time buying property. Buying a home is often one of the largest purchases you will make, so trust your gut when working with an agent.

Be mentally prepared for the process.

Finding the right property or home is no easy feat and weighing out every pro and con can be tedious. We have seen many clients put their hearts on the line with an offer, only to have it completely ignored. That can be pretty disheartening after a while. In this market, clients may make three to six offers before they win one. Be prepared to hang in there! It is also important to consider things you cannot change once you sign the papers such as location, building management, and even the neighbors. If you are on the fence about purchasing a home, you may want to reconsider. Signing a purchasing contract is legally binding and backing out can sometimes require remedy. So, make it a 110% decision. Once you are committed, be prepared to move with expeditious intent.

It’s worth it in the end.

Putting yourself in the best possible position to buy a home is a long-term project and could take months or years depending on your savings, credit, and budget. But buying a home is a worthwhile goal and one of the most significant financial decisions you will ever make. It takes a lot of hard work, but once you have a place to call your own, you will see that that effort and planning was completely worthwhile.

Goodbye 2020

jlittlera@gmail.com (Jacqueline Little) — Sun, 03 Jan 2021 01:15:59 GMT

Royal Realty's comments about 2020.

What is there to say about 2020? As it started it almost seemed like a joke but as time progressed there was nothing funny about 2020. We started with an extended vacation and day drinking - to all time high unemployment rates and more than 100 Hawaii local businesses shut down. Our friends and families started off with “free” money from the government to ever decreasing unemployment benefits. Royal Realty started with an excuse to play with new tech toys to help show our listings to only being able to show properties virtually.

With 2020 behind us, I am not only grateful for the past year but for all the support from everyone around me. There is no way I would have made it without landlords being understanding of tenant situations, tenants having open communication regarding their situation, vendors taking precautions to keep everyone safe, banks facilitating different programs to help current homeowners and the state facilitating additional support payments to not just Royal Realty, but our associated partners . A big thanks to everyone for sticking with us/me through this year.

With all that said I am looking forward to 2021!

It feels like the opportunity for a new beginning. New Year's resolutions to be set, Hawaii businesses to reopen and hopefully some traveling after I get rid of my Covid 15 pounds! As I am typing this I am knocking on wood, but remaining hopeful. I wish everyone out there who may be reading this a Happy New Year, thank you for your support and see you next time.

The Small Business Owner’s Guide to Working From Home

Wed, 18 Nov 2020 20:37:15 GMT

Even under the most perfect working conditions, small business owners run the risk of experiencing burnout. Simply put, you have a lot on your plate, and transitioning between tasks and juggling responsibilities can wear on a person. Moving your business into your home can be a blessing and a curse when it comes to burnout. You may find that close access makes you feel more in control of your workload, or you might feel like you can never get away from it.

The best technique, however, is to create a single, dedicated space in your home for your business. This keeps your work close at hand while still sequestering it to a space you can actually leave. If you already have space in your home, this article can help you transform it into the perfect office or workshop. If not, Royal Realty would be glad to help you find the perfect property for on and off the clock.

Transforming Spare Space

Many of us have extra rooms or areas in our home we’re not really making good use of. For example, maybe you have a home office, but it’s mostly become overflow storage space over time. Or your garage or basement might have all the necessary features to make a good workshop, but all you use it for is laundry and holding old junk. You can easily make the most of these spaces and turn them into a remote work zone.

If all you need for your work is a desk and a computer, take some time to design a productivity-focused home office. Get rid of any unrelated clutter that has made its way into your office, and gift, donate, recycle, or toss anything you don’t actually need .

Make sure the room gets sufficient WiFi and double-check that you have a strong, secure WiFi password. Remember: digital security is way more important when you’re working from home since your whole business could be on the line.

Funding Larger Projects

If you need to outfit a workshop, or you need to expand in order to make room for your business, look into small business funding. You may be able to cover some of the costs through loans and grants . Be careful, however – it’s vital that you only use that money to buy things directly related to your business. The expansion itself might be a stretch, but any machinery or material should qualify.

On that note, keep close track of any spending you do in relation to your business. Most business expenses are claimable come tax season , so you could wind up with a smaller tax bill or even getting some money back. If you’re ever audited, however, you’ll need to provide proof of those expenses, so keep those receipts close and organized.

Buying New Property

At the end of the day, you might realize your current home simply doesn’t have the room your business needs. Yes, you could try to shoehorn your work into a too-small space, but that’s almost certain to lead to the burnout we talked about above. Again, you don’t just need room to work – you need room to leave that work behind at the end of the day. If you can’t build work-life balance into the physical bones of your home, it will always feel like you’re half on the clock.

Take a look at your local housing market to get a sense of what kinds of properties offer the space you need in your price range. If you’re not sure what you can afford, talk to your lender. They can help you figure out the max price you should spend on a house so you don’t wind up falling for something that just won’t work. Finally, turn to a trustworthy realtor, such as the agents on the Royal Realty team. The right agent can guide you toward the perfect property for your needs, and help you weed out the listings that just don’t make sense.

Working from home always presents challenges, but so much more is riding on success when you run your own business. Focus on creating a space where you can work productively and leave that work behind at the end of the day. In doing so, you’ll be able to build a work-life balance that keeps you sane, productive, and loving what you do.

Looking for your perfect property? Contact Royal Realty today for help finding your dream home!

Photo Credit: Pexels

Arthur : Tina Martin with https://www.ideaspired.com/

Managing properties during COVID

jlittlera@gmail.com (Jacqueline Little) — Tue, 03 Nov 2020 03:35:54 GMT

The pandemic has left no stone unturned when it comes to disrupting traditional processes of rental property management and real estate. From tenants struggling to pay rent to safely organizing showings, property managers are facing new, unprecedented challenges in light of COVID-19. We’re unpacking the most common issues our Royal Realty agents and managers are experiencing.

Rent payment

With unemployment continuing to rise, tenants are simply unable to pay their rent on time or at all. To help combat this problem we contact impacted tenants on a case by case basis on the rental due date. We assess their situation and ask how things are going for them or if they foresee challenges on paying the current month’s rent. If there are challenges, we make it a point to discuss a rental rate and terms they can accommodate. We also contact the homeowner to discuss the tenant’s circumstances and to offer professional advice, if necessary, on how to move forward. The expectation is on Royal Realty to play the role of mediator. If there is a change in rental terms or agreement, we’ll execute paperwork to finalize the changed terms so that the homeowner can be compensated in some way, and the tenant can gain peace of mind knowing that they are doing everything they can do despite their financial struggles.

In addition to assisting with circumstantial tenant/owner payment agreements, we have been facilitating rental assistance payments for tenants that qualify. As soon as external rental payment options are available, Royal Realty has been informing tenants as approved by owners. Many thanks to multiple government officials that have helped facilitate this additional help.

Marketing vacancies

Vacant properties have been much more difficult and challenging to fill, and require much more time to market than normal since we are planning the most efficient way to stagger showings to follow the current City and County mandate, which is allowing a maximum of 4 people, excluding the agent, at once. Pre-COVID we could meet prospective tenants and show multiple groups at one time and showings could take less than an hour. With having to space out and separate groups/showing plus additional cleaning time, we are now budgeting 30-45 minutes per group.

Complete and thorough ads, good photos, video tours, utilizing Matterport, or anything leveraging technology has been helpful with alleviating some of the barriers. Some agents have found that digital signatures are more welcomed these days. With digital signatures, prospective tenants, current tenants, clients, and agents are able to sign and deliver documents more efficiently and conveniently. As the agent, it also adds another layer of bookkeeping, because all signed documents go through a third party and are emailed, producing a trail of helpful recordkeeping.

Overall, dealing with people in person is still preferable in order to assess, interview, experience, and screen qualified tenants. Even through a pandemic, most prospective tenants prefer to see a rental in person whenever possible. It provides them peace of mind in order to make the decision to proceed, what the rental expectations are, and knowing they are working with a verifiable professional company/agent.

Activities with current tenants on site

At Royal Realty rental properties are put on the rental market as soon as we receive notice from the current tenant. This means there will most likely be an overlap of showing properties while the unit is still occupied. We’ve encountered tenants not being comfortable with in-person showings so we extend the virtual showing services to those properties. To help alleviate these concerns, masks are required for prospective clients, they must look not touch, and hand sanitizer is provided throughout the showing. Plus, people viewing the property are asked to cancel showings if they are experiencing any possible symptoms of COVID.

Another instance requiring active tenant participation is conducting semi-annual inspections. In March and September, agents visit all their rental properties to ensure the property is in good condition and their tenants are comfortable. However, during the CIty and County shutdowns, tenants were uncomfortable with having agents enter their unit. With patience and communication between tenants and the property owners, as well as proper precautions taken on behalf of the agents, inspections continued with the understanding that it is an essential service.

We’re all in this together

At the end of the day, we are all facing challenges whether it be physical, emotional, or economic. Property Management includes all of the above and although our company has been faced with those problems exponentially, we are grateful to be of service to people to help make those problems more bearable.

Will We See Another Mortgage Crisis?

jlittlera@gmail.com (Jacqueline Little) — Sat, 03 Oct 2020 04:46:10 GMT

Having started in real estate after college in 2007, my very first transaction was representing a seller going through financial distress. If you recall, that same year, the United States housing market was extremely unstable, largely due to high-risk subprime loans. It seemed, unbeknownst to us at the time, that my client would be a victim of the inevitable mortgage crisis.

At the time, the seller’s income had not increased but the mortgage definitely did. The option of refinancing was off the table due to the fact that their current property appraisal value had not increased even though their mortgage payments have. Keep in mind that appraisal value is essentially linked to hundreds of homeowners in Hawaii, as well as thousands across the nation, going through the same situation either at the time or months prior. If none of this resonates with you I highly recommend watching "The Big Short,” a 2015 film by Adam McKay.

During the mortgage crisis, people were significantly financially and emotionally affected by external circumstances that were out of their control. Now here we are, 13 years later, in 2020. We went from 2.7% unemployment rate in January (according to labor.hawaii.gov) to a whopping 23.8% in April (according to https://www.deptofnumbers.com/unemployment/hawaii/). The unemployment numbers alone show where we are as a state economically. And since our primary industry (tourism) is currently shut down, Hawaii’s economic future is quite unpredictable.

When you take into consideration all the statistics and current trends you’d be hard pressed not to be reminiscent of the 2007-2008 mortgage crisis. Interest may be at an all time low right now, but according to the Honolulu Board of Realtors, the number of condo sales and home sales have actually decreased since 2019.

There are thousand of Hawaii homeowners who are currently dependent on the current forbearance plan and increased unemployment checks. Business and rental assistance are available too. But at some point these options will run dry and once again, we will see hundreds of homeowners looking to refinance at the same time. Most of whom will be doing so without a job, which will lead to mortgage defaults. Prolonged defaults will lead to late fees, penalties and short sales. Those short sales will then lead to lower appraisal prices affecting the next owner, and so on. Dèjá vu?

On a daily basis many friends, family, and clients ask me what I think is going to happen to the Hawaii real estate market. Starting here, I hope I am able to provide some valuable insight about our current economic situation and how it will affect our housing market in Hawaii. I am personally going to wait at least six months before I purchase another investment unit. Understandably, everyone has their own motivations and goals. In the meantime I wish the best, not just Hawaii, but the entire nation. Hoping we can rise again for the ashes, like we always have.

Written by Jacqueline Little

Industry and Societal Impacts Due to COVID

info@engageyourbiz.com (Engage Team) — Fri, 28 Aug 2020 19:08:11 GMT

Working and living through a pandemic is new for all of us. In Hawaii, we are still navigating our new normal while planning for what lies ahead. COVID has impacted our own business as well as the lives of our agents, clients and partners. We asked our team for their perspectives on how they see COVID changing our way of life and the way the real estate industry may be affected.

COVID & Real Estate

We’ll see more referral-based transactions whether it be buying, selling or renting of any products or properties. People will be cautious of the interaction they have with others so they will only work with those that they trust and all other transactions will be done strictly online.
We will see a large increase in business closures and ultimately home foreclosures and short sales in the near future. This will be an unfortunate set of circumstances for some and a windfall for others. Realtors will be in high demand!
The 10-year real estate cycle was way overdue, and we will likely see similar effects as we did during, and after, 2007-2009, but on a much larger and longer scale. It could be like the great depression, but in modern times.
It will be interesting to see how the commercial real estate market adjusts as many retailers close their doors and the demand for office space drops.
More owners and tenants will be more open to helping each other and will be more communicative, even when rent is sometimes a point of contention.
People may be downsizing their lives to prepare for the uncertainty of future income. Moving from Single Family Homes to Townhouses and Townhouses to Apartments.

COVID & Business

Business will be dependent on virtual meetings. We will grow accustomed to online meetings while meeting in person will be a thing of the past.
Many companies will realize the cost savings of having employees work from home as well as increased employee satisfaction with people having more flexibility in their day for family, hobbies, rest, etc.
It’s possible that pay will become based on productivity and not just "time clocked in." This is already true for the "gig" sector. I think it may become true at large, especially if more are working from home. I think benefits will need to change to meet the work at home needs - computers, ink, paper, supplies, secure file sharing, etc.
For any business to realize competitive advantages, it should be able to adapt and evolve to the changing trends for generations to come.
The convenience and need for technology will rise, and most will continue using these types of businesses/services even after the pandemic passes because of the convenience, quality, and necessity for them.
Business owners will start looking deeper at succession plans, and adjusting life and business choices around them. Those with influence and experience on the front lines will shift to creating ways to help others through teaching, writing, coaching, speaking, mentoring, and utilizing online and social media tools to do so.

COVID & Communication/Technology

Use of communication apps (Zoom, Skype, etc) in order to be connected now, will become a more comfortable, convenient, safe, and effective means to remain connected for both work and family/friends. This opens many doors for entrepreneurship to thrive.
People will be using technology to engage with businesses, and perform their jobs. This will accelerate the creation of new programs and technology to accommodate this fundamental shift.
There is an opportunity for schools to move to providing curriculum and mentoring parents to educate their children, in addition to providing supplemental distance learning classes and in-person classes.
Online shopping, its technology, and its abilities will continue to advance with greater demand than ever before.

How to Protect Rental Property

info@engageyourbiz.com (Engage Team) — Mon, 01 Jun 2020 04:16:46 GMT

- Talk to a landlord-tenant lawyer in your state to make sure that your lease and rental procedures are in accordance with state law. Follow your state's landlord-tenant code to avoid any legal issues.

- Be clear with your rental agreement explaining the terms and conditions of property rental.

- Call your insurance company and ask about landlord insurance. They will recommend different types of insurance tailored to rental properties.

- Require your tenants to get renters' insurance during their occupancy in your property.

- Do a full report on the condition of your pro perty between tenants. Notate everything that is working and take a lot of pictures.

- Hire a Handyman you trust 100% who does an excellent job instead of cutting corners to save money.

- Screen your tenants properly before allowing them to move in. Set standards such as a good credit score and no records of evictions.

- Put money aside for any possibilities of an eviction. An eviction can cost anywhere between $1000.00 – $5000.00.

- Hire a property manager you can trust with good reviews. An agent who is professional and has your best interest in mind.

Featured Agent Shari Sodetani

info@engageyourbiz.com (Engage Team) — Tue, 26 May 2020 22:04:14 GMT

Who is Shari Sodetani?

Tips For The Home Purchase Process

Mon, 14 Oct 2019 06:42:23 GMT

There are certain steps to buying a home to ensure you are prepared.

Tips For The Home Purchase Process

When a person is ready to take the first steps to homeownership, there are certain steps to buying a home to ensure they are prepared. The process of buying a house can be complicated, and the following tips can help ease home buyers through the necessary steps.

Save Up For a Down Payment

In order to purchase a home, people must have cash for a down payment. In most cases, lenders require a twenty percent down payment. This is why one of the first steps to buying a home is to save for the down payment.

Build a good credit history

Your credit report is a history of how you have managed your finances. Your credit report and credit score plays an important role in your ability to get approved for a mortgage loan. You are entitled to one free credit report a year. Check your credit report and fix any problems necessary if you need to bring your score up.

Get Pre-Approved

Once you have saved for a down payment, the next step is to get pre-approved by a mortgage lender. A loan officer can tell you how much you qualify for. This is helpful to figuring out your home buying budget.

Decide on a Location

Once a person knows how much he or she can afford in buying a house, a good starting point is to decide on a location. Consider which areas you would like to live and decide on home types such as single family homes, duplexes, townhomes, or condos.

Choose a Real Estate Agent

A real estate agent can make your search much easier. A good real estate agent will inform you on the home buying process and provide their expertise on local market trends. In addition, they will connect you with listings within your price range, as well as help negotiate the purchase price.

Find your dream home and make an offer

Start touring homes to develop a sense of what you want in your home. Attend open houses to see what type of inventory is available in your desired neighborhood. Once you find a property that meets your needs, work with your agent to negotiate a fair price with the seller.

Get your property inspected

Once your offer is accepted the property enters escrow, and the purchase should be contingent upon it passing a home inspection. A professional home inspector will visit the property and will provide a report that will identify anything that needs to be fixed.

Close the Deal

Once the sale is finally closed and all the purchase paperwork is signed, the property will finally be yours. On recordation day the deed of ownership will be transferred to you, and your realtor will be able to hand you your keys.

CELEBRATE!

Take your new set of keys and enjoy your new home!

Royal Realty's Top 3 Beaches in Oahu.

Fri, 27 Sep 2019 06:44:28 GMT

Our favorite hidden gems on the island of Oahu!

#1 of 3... Cromwells beach in Kahala �� We love to relax here and escape the hustle and bustle of tourism. There's a sandy beach to layout on and fun jumping rocks that are family friendly!

#2 of 3… Best part of Alan Davis Beach is enjoying a short 15-minute paved hike before reaching the beach to cool down. The scene is beautiful with calming tides and kid friendly. Explores are able to climb the rocks along the sides, catch crabs and sea snails.

#3 of 3... Cockroach cove is one of our favorite hidden gems! Nestled beneath a scenic lookout on the east side of the island, you'd hardly know this beach existed. Make your way down the dirt path to explore the caves, tidepools, and play in the waves.

#RoyalRealtyHawaii

Finding a Rental

Mon, 22 Apr 2019 05:26:48 GMT

Tips when looking for a Rental in Oahu.

Best Website Advertising Rentals

In Honolulu, the best website to find a rental is on Craigslist or Zillow. Craigslist has apartments listed by property managers and private homeowners. Zillow has many locations listed primarily by realtors.

Hotpads, Trulia, Rent.com, Facebook Marketplace, and Apartments.com are valuable resources as well. Feel free to follow us @royalrealtyhawaii for updates on available rentals.

Finding a Rental with Pets

Finding a pet-friendly rental in Oahu is challenging. Here is a list of Condos in Honolulu that are pet-friendly . Please note, the building may be pet-friendly; however, the owner of the unit may not. When looking for a pet-friendly rental, it’s best to look for an Ohana dwelling or single-family home.

Keep in mind your rights with emotional or service dogs. Landlords are not allowed to deny your rental application because you have a service or emotional support animal.

Signs It's a Scam

If a rental is “TOO GOOD TO BE TRUE,” it’s a scam. Beware, Craigslist is one of the best websites to utilize when looking for a rental, but there are many scammers on there. Here are a few signals to notice.

Rental price advertised in the add is much below its market value.

The landlord is not willing to show you the property on site and/or in person.

The landlord is out of the “country” and unable to meet with you.

The landlord is asking you to wire money.

Applying

The rental market is competitive! Once you find the perfect rental, you’ll want to apply ASAP. One moment it’s available, the next it’s rented and no longer available. The search continues……

Be prepared during showings, bring your ID, proof of income and cash for the application fee. You’ll want to thoroughly inspect the unit, check the appliances, open all the cupboards, check the locks on the doors and ask all the right questions before applying.

Find our available rentals here.

8 Questions to ask a Property Manager.

Fri, 12 Apr 2019 06:13:27 GMT

Important Questions to ask your Property Manager.

1. What services are included in the management fee?

Some companies will charge you an additional fee for every maintenance issue solved, every showing submitted, every lease signed, etc., on top of a monthly management fee. Royal Realty’s management fee includes advertising, showings, legal documents, check ins, move outs, reports, semiannual inspections, maintenance, and more. No hidden charges with Royal Realty.

2. Do your management services offer Social Media Marketing?

Royal Realty markets on all our social media platforms Facebook, Instagram, Pinterest, Twitter, Linkedin, Google Business and Facebook Marketplace.

3. Does your management service include semiannual inspections?

At Royal Realty, our management services include semiannual inspections. Tenants are notified within 48 hours before the scheduled inspection date. Owners are sent a full inspection report with pictures of the property.

4. Do your management services include monthly statements?

All rent proceeds disbursed to owners before the 15th of each month with a monthly statement and receipts of all expenses accrued.

5. Do your management company offer to file my General Excise Tax?

Royal Realty offers to file your GET for a filing fee paid to our accounting department. Agents can focus on protecting your property while our accounting department is equipped to manage Owner’s GET filing required by the state of Hawaii.

6. Does your management company screen tenants?

At Royal Realty, we screen prospect tenants. The screening process includes a credit check, background check, income inspections, and reference confirmations.

7. Does your management company require tenants to have insurance?

Royal Realty’s tenants are required to have rental coverage. They are responsible for carting a minimum of three hundred-thousand-dollar liability. This requirement is in the best interested of both the renter and landlord.

8. Does your management company work during the weekends?

Our office doesn’t have weekend hours. However, our Agents are always on call. We are available twenty-four hours, every day. We understand your property is an investment we are hired to protect and maintain.

Discover Oahu

Sun, 24 Mar 2019 00:00:00 GMT

Discover the Different Areas of Oahu.

Where to move?

What side of the island has the best beaches?

What is my commute to work?

What can I afford?

Before your move to Hawaii, it’s best to do your research.

Here is a little insight on Oahu’s rental market.

Oahu is broken into five areas, the Leeward Side, Windward Side, North Shore, South Shore, and Central Oahu.

____________________________________________________________________________________________________

Leeward Coast / West Oahu

Cities on the West side of Oahu also known as Leeward coast has six cities including Makaha, Waianae, Maili, Nanakuli, Kapolei, and Ewa. The Leeward coast offers open spaces and charming towns. This area favors those looking to rent a larger space at an affordable price. Average 4 bedroom houses in Waianae is $2,600 a month and $3,000 in Ewa.

Average Rental Rates

Makaha, Waianae, Maili, Nanakuli

2/ $1,500

3/ $1,800

4/ $2,600

Kapolei and Ewa

2/ $1,800

3/ $2,500

4/ $3,000

Explore Leeward Coast

Hike - Puu O Hulu is a 1.6 mile moderately trafficked out and back trail located near Waianae, Hawaii that offers scenic views and is rated as moderate.

Beach – Makaha Beach Park Low-key white-sand beach popular among locals also attracts surfers in the winter.

Bucket List Worthy– Mermaid Caves, if you can find it!

____________________________________________________________________________________________________

Central of Oahu consist of four cities, Wahiawa, Mililani, Pearl City, and Aiea. The central part of Oahu is popular for the historical sites of Pearl Harbor Memorial and the Arizona Memorial. Accommodating to tourist and residents there are many shopping malls, restaurants, parks, and scenic points to explore.

Average Rental Rates

Wahiawa does not have a lot of inventory compared to the other cities in Central Oahu.

1/ $1,200

2/ $1,500

3/ $2,100

Mililani and Pearl City offer a lot of 2 – 4-bedroom rentals with a good mixture of townhouses, single family homes, and condos.

2/ $1,800

3/ $2,500

4/ $3,600

Aiea offers additional one-bedroom rentals compare to the other cities in Central Oahu.

1/$1,600

Explore Central Oahu

Hike - Manana Ridge Trail is a 6.8 mile moderately trafficked out and back trail

Beach – There are no beaches located in Central Oahu, instead of many residents enjoy going to Central Oahu Regional Park.

For the Family – The Hawaiian Railway Society

____________________________________________________________________________________________________

North Shore (north coast) cities include Mokuleia, Waialua, Haleiwa, Waimea, Kahuku, Laie, Hauula, Punaluu, and Pupukea. Forty minutes away from Honolulu, North Shore is like living in a small town; quiet, a few shopping spots, no malls, and one high school. Not a lot of inventory for long-term renters in North Shore. However, if you are looking to buy a million-dollar beach house, this would be your spot.

Average Rental Rates.

Townhouses, Ohana Dwellings, and Single-family Homes.

1/$1,800

2/$2,200

3/$2,300 - $3,000

4/$3,400

Explore North Shore

Hike- The Ehukai Pillbox Hike will give you stunning views of Sunset Beach and other parts of the North Shore!

Beach- Shark’s Cove is part of Pupukea Beach Park and is known for its amazing snorkeling and scuba diving.

Best Eating Spot - Food trucks located right near Shark’s Cove.

____________________________________________________________________________________________________

South Shore (south coast) of Oahu consists of only one city Honolulu. Honolulu has many neighborhoods; Waikiki, Kahala, Hawaii Kai, Nuuanu, Kam Heights, Kakkaako, Kalihi, Punchbowl, Pacific Heights, Makiki, Moliliili, Tantlus, St. Louise, University, Punahou and more. Each neighborhood has its own charm and reputation. Honolulu is the main city of Oahu, full of restaurants, concerts, bars, comedy shows, dancing, Museums, carnivals, fairs, festivals, food markets, zoo, parks, malls and more.

Average Rental Rates.

The rental market in each neighborhood in Honolulu is different.

Here is the price RANGE.

0/ $1,300 - $1,600

1/$1,400 - $1,800

2/$1,700 - $2,000

3/$1,800 - $2,800

Explore Honolulu

Hike - Makapu’u Point Lighthouse, offers a great view of Rabbit Island and Makapu’u beach park. Possibly whale sighting during the Winter Season.

Beach – Waikiki beach, crowded but it’s convenient to all the shops and restaurants nearby.

Affordable – Hanauma Bay Snorkeling, rent a few snorkel gears and you are good to go!

___________________________________________________________________________________________________

Windward Side (East Coast) cities includes Kane’ohe, Kailua, and Waimanalo. The windward side of Oahu offers beautiful views, mountains, small towns, golf courses, and the best hikes.

Average Rental Rates.

Kailua

0/ $1,600

1/ $1,900

2/ $2,500

3/ $3,200

4/ $4,200

Kaneohe

1/ $1,700

2/ $2,200

3/ $2,800

4/ $4,000

Waimanalo

Not a lot of inventory at this moment but attractive to those on a budget.

Explore the Windward Side

Hike – Lanikai Pillboxes, a short hike on Ka’iwa Ridge.

Beach – Kaneohe Sandbar, fifteen minutes from Heeia Boat Harbor on boat, is a stretch of sand exposed for locals and visitors to snorkel, swim, and enjoy the view.

Must See – Byodo-In Temple, the temple is a replica of the Byodo-In, a 950-year-old Buddhist temple located in Uji, Japan.

Find a Rental Here
Find us on social media @royalrealtyhawaii for daily updates on the market.

Moving to Hawaii Checklist

Thu, 17 Jan 2019 01:24:16 GMT

Special checklist tailored for people moving to Hawaii.

Three Months Before

□ If you have a pet, familiarize yourself with the procedure for relocating domestic animals to the State of Hawaii. ( https://www.petrelocation.com/country/importing-pets-to-usa/hawaii )

□ Consider researching schools districts ( http://www.hawaiipublicschools.org/ParentsAndStudents/EnrollingInSchool/SchoolFinder/Pages/home.aspx... .

□ Read our post “ Discover Oahu ” to get a better feel for the many, distinctive neighborhoods on Oahu.

□ Prepare a folder to keep all moving documents and other important paperwork at hand.

Two Months Before

□ Acquire quotes with vehicle shipping services and confirm a date.

□ Acquire estimates from professional moving companies and confirm a moving date.

□ Consider donating or selling unused items through portals such as Facebook Marketplace.

□ Research rentals on Craigslist or Zillow (only for educational purposes, do not callthis far in advance).

□ Book your VRBO for a minimum of 5 nights.

□ Book your one-way ticket if you haven’t done so yet.

□ Book a rental car or download the Uber/Lyft app on your phone.

One Month Before

□ Prepare your car for transportation: ex. cleanit, take pictures of the interior/exterior, remove items, service vehicle.

□ Start packing items not used daily.

□ Measure your large items and keep notes in your moving folder.

□ Request copies of all medical records from current doctors.

□ Obtain copies of school records and inquire about the transferring process.

One Week Before

□ Call agents or private landlords to schedule showings.

□ Contact moving company and vehicle transportation services to confirm date.

□ Continue to pack, ideally at this point you should be living out of a suitcase.

During your Search for a Rental

□ Confirm showing appointments with agents or private landlords on the day of.

□ Bring a measuring tape.

□ Jot down questions to ask during your showings.

□ Be prepared to apply for the unit at the showing; bring copies of IDs, proof ofincome or offer letter, and cash to the showings.

After Finding a Rental

□ Complete a change of address at usps.gov.

□ Update your address with your bank, credit cards, insurance companies, etc.

□ Selecta new financial institution in Hawaii.

□ Make arrangements to obtain a Hawaii State driver license, if necessary.

□ Register your vehicle.

□ Meet with your new health care provider to confirm transfer of medical records.

□ Meet with your new dental provider to confirm transfer of dental records.

□ Register your children for school.

Tips Before Moving to Hawaii

Thu, 17 Jan 2019 00:51:19 GMT

Three topics to consider during your transition to Hawaii.

Moving your Belongings

One of the advantages of moving is the ability to start with a clean slate, and with many people, this begins with furniture. Luckily for those relocating to the islands, fully furnished rentals IN Hawaii are quite common and offer many immediate comforts. Furnished rentals offer everything from a flat screen TV to a fully equipped kitchen with minimal additional cost to renters. Eighty percent of furnished rentals are offered at the rate for a similar, unfurnished unit. A fully furnished rental can be the most convenient way to ease into anew life in Hawaii.

If you decide to move large or valuable furniture to Hawaii, it’s best to start the planning process at least several weeks or months in advance. Depending on several factors such as the point of origin, the moving company selected, and the total volume of items being moved, the transit time for your belongings could be up to one month, however, most shipments average two weeks. Make sure to obtain a written estimate from each company, which should have a USDOT (U.S. Department of Transportation) number on it. Use this moving calculator for an estimated moving cost.

Vehicle Relocation

The average cost to ship a car to Hawaii is $1,000 - $1,500. From the West Coast, transit times for vehicles are approximately one week. Until your car arrives, TheBus provides affordable transportation on Oahu. Bike rentals are available in central Oahu for short distances. As anywhere else on the mainland, Hawaii has Lyft and Uber drivers for longer distances.

You’ll have 30 days to register your car once it arrives on Oahu. Keep the shipping document given to you when picking up your car. You’ll need that along with your car's title and registration, Hawaii's vehicle inspection certificate, the car registration application, and a checkbook. Read Newcomers Guide .

Finding a temporary home

Signing a rental agreement from the Mainland can be a risk, as with dating websites, pictures can be deceiving. Many people reserve a VRBO for a week or so during their transition to Hawaii. This provides an opportunity to see a few rentals before signing the agreement. However, if booking a VRBO is not in your budget, Read our blog post " Truly Seeing the Picture" . Keep in mind, most property management companies require you to see the unit before signing a lease.

Be proactive and start searching for a rental two weeks before your arrival. It’s best to schedule showings in advance with agents and private landlords ahead of time. Don’t forget to confirm your scheduled time the day before to avoid any miscommunications. You’ll want to explore all your options before signing a lease.

Read our Moving to Hawaii Checklist .

Vendors, Our Extended Family

Mon, 07 Jan 2019 13:58:43 GMT

As a real estate company, we deal with many maintenance issues. Having reliable vendors as our extended Royal Realty family is highly important in our field.

Here is a list of our vendors who have become our family, and whom we highly recommend.

Handy Andy Hawaii is highly recommended, as they have excellent ratings and reviews on both Facebook and Yelp. They are able to deal with anything from minor fix-it problems, to full kitchen renovations and remodels. Handy Andy has been our extended family for over a year now and continues to consistently exceed our expectations. https://handyandyhawaii.com/

By far the most stressful situation for us as Realtors are plumbing issues/emergencies, and Plumbing Works is always to our rescue. Capable of handling any level of plumbing problem, they are both timely and professional. Plumbing Works, (808) 590-6201.

Roaches! Bugs of all types are everywhere in Hawaii. Diversified Exterminators are highly recommended. They can tackle all bug situations without any issues. http://diversifiedexterminators.com/

We all love red wine, but not on our carpets! Triple A Carpet can treat, remove, and shampoo your carpet to look brand new. Their customer services are top notch! They always respond promptly to work orders, and excel at getting the job done! rudy@tripleacarpetcleaning.com

Finding an affordable cleaning service is difficult. Jonnzz Advantage is our main man to call on with a dirty situation. The price is right, and the job is always completed to 100%. thejonnzzadvantage@yahoo.com

All our vendors have something special to offer. These are only a few of the top vendors we highly recommend.

We give thanks to our vendors on this Thanksgiving month in 2018, our extended family! We couldn’t do our job without you!

Utopian Luxury Vacation Homes

Mon, 07 Jan 2019 13:58:20 GMT

Who is Utopian LVH?

Utopian LVH is a Real Estate Investment Company with a store-front Luxury Vacation Rental business model headquartered in Park City, Utah
Over $ ½ Billion USD in managed assets
Currently operating in 17 markets in US, Mexico, Belize, and British Columbia
Targeted to open 50 markets by 2020
High touch personal concierge services ensure world-class experiences

We are looking for luxury properties to add to this exclusive collection.

Examples of property requirements include:

Multi-million dollar properties
6+ bedrooms and bathrooms
Estates with main/guest house
Beachfront or with a spectacular view
Amenities: pool/tennis courts/pool tables/media rooms/waterfall
High-end finishes
If you or someone you know have a property that you think would qualify, we would love to schedule a tour of the home today.

Utopian LVH & Royal Realty LLC

Mon, 07 Jan 2019 13:57:46 GMT

About Royal Realty

Mon, 07 Jan 2019 13:56:48 GMT

About Royal Realty

Royal Realty is a locally owned and operated company that started in 2009. It was created to service all residential real estate parts so that we can take care of our clients no matter what the situation. With our multi-dimensional real estate services, we are able to help tenants purchase their dream home, homeowners sell their property and investors assess the value of short-term and long-term rentals.

Royal Realty has 11 realtor associates and 2 licensed brokers in their team. They are growing each month as they offer online real estate license classes (link), helping those who have a passion for real estate. Joining this company is being part of a secret elite club exclusive only to those who are exceptionally enthused about the future. Not only are the agents enthusiastic of their upcoming but the opportunities for others as well.

Looking over their Social media and Yelp reviews, their clients are pleased. According to the reviews, both tenants and owners are delighted with Royal Realty.

“She NEVER made me feel like "just another tenant", but more like a family member that needed her immediate attention. It is rare to find such a GEM in the world of Property Management these days” – Juliana B, a review from a tenant about agent Jacqueline little.

“Did I get lucky when looking for a property manager or what! She's managed my property for almost 4 years with the utmost professionalism! She's the best!!! Keeps me well informed and is always there when I need her. Top class!” – Kevin S, a review from an owner about Frances Sagun.

People may perceive Royal Realty as a property management company, however, they offer many services. Along with Property Management services they offer Listing Services, Buying services, short-term rental management and vacant management. In the past six months, Royal Realty has helped seventeen client’s sale of their property. With only positive reviews and a reputation in the community, clients are calling daily.

The office is located at 10 Marin lane, Door entrance is under the green canopy numbered ten.

In the next few weeks, Royal Realty will be introducing their agents on social media. Get to know what special skill each agent has to offer.

Follow Royal Realty on Social Media

4 Benefits Of Using A Window A/C

Mon, 07 Jan 2019 13:56:06 GMT

4 Benefits of using window A/C units to cool your home

While the climate in Hawaii is fairly mild year-round, there are many days you want cool relief from the tropical temperatures. For those times, you can install window units to regulate the temperature in each room. Below are a few reasons these units continue to be so popular.

1. Low Cost
If you want air conditioning, window units are probably your least expensive option. Because you’re only buying a small unit, you don’t have to put in any ductwork, which results in a drastically lower cost.

2. Easy to Install
As the name implies, this type of air conditioner is installed in a window, which means you can skip the cost of professional installation. Each window unit comes with instructions, so nearly every homeowner can install it on their own. You may need someone to help lift and place the unit, but it should be a quick process.

3. Energy Efficient
Window air conditioners are extremely energy efficient. Instead of traveling through ductwork like central systems, they blow the cool air directly into the room. A window unit also uses less power than other alternatives, which is good news for your electric bill.

4. Small Footprint & Portability
Window units are great for small apartments and tiny homes. They don’t take up extra floor space, and they are portable. So if you move to a new home, you can take the window air conditioner with you instead of purchasing a new one.

By Kris Masaki

Makiki Valley Loop Trail

Mon, 07 Jan 2019 13:55:46 GMT

Enjoying Hawaii Yet? Looking for kid-friendly hikes? Lookout for my other blog posts Manoa Falls and lighthouse trail .

I’m at it again! Did another hike with the kids for a day away from showings and work.

Makiki Valley Loop Trail
Three Words! Misleading, Long, Misquotes

First of all, I had a hard time finding the beginning of this trail! Everywhere online it’s posted “Hawaiʻi Nature Center, 2131 Makiki Heights Drive”. GPS wasn’t very helpful. Eventually, after driving back and forth, I turned left into a small driveway off Makiki Heights Drive where there were three mailboxes. It looked like private property but after a few misdirects, I followed my gut.

Secondly, everywhere online, it’s posted as an “easy hike” and “kid friendly.” Very misleading! I ended up hiking this trail with a friend and her two kids along with my 18-month-old and 7-year-old. This hike is NOT toddler-friendly. Much too long and too hard! The incline was high; there was a few edges, muddy spots, misquotes, and long. 2.5 miles with kids and a toddler took half the day. I basically carried my little one the whole time without a carrier. #mommyguns
Hard to believe, but I did enjoy myself. Simply had different expectations.
The hike was beautiful, physically challenging, and the older kids had a blast. They were exploring their surroundings and enjoying nature.

Want to hike this trail again but without my toddler.

Level of difficulty
My opinion, Moderate. Not easy, not difficult, not hard….. but moderate. It’s elevated, long, and confusing. It feels long because you end up doubting yourself during the trail. Wondering if you are on the right path. Take a picture of the map posted in the begging of the trail and follow the signs for Makiki Loop Trail.

What to bring
Misquote spray, sunblock, good hiking shoes, and possibly a printed map of the trail? You won’t have an internet connection on the trail.

How to get there
“Hawaiʻi Nature Center, 2131 Makiki Heights Drive” * Laughing *
Got good directions? Feel free to comment below!

Hurricane Preparedness

Mon, 07 Jan 2019 13:55:12 GMT

Hurricane Preparedness

As you know, Hurricane season is upon us once again. It runs from June 1 -November 30 each year in the state of Hawaii. Here are some things you can do to prepare and protect your family and your property.

Protect your family:
• Have prescriptions on hand for your family members in case of emergency, at least 30 days worth.
• Have flashlights, am/FM radio and lanterns ready, along with extra batteries.
• Have a way to store water in your home, enough for 30 days.
• Have some type of emergency non-perishable food, enough for 30 days. Like canned goods, jerky, or other preserves.
• Have a first aid kit on hand for emergencies, include items like burn gel, tourniquets, and a suture kit.
• Have extra blankets, clothes and dry goods to carry with you.
• Make sure your vehicle is fueled up.
• Make an escape route or plan and make sure all your family members know where to go and what to do.

Note: Many people pack what is called a “bug out” bag to carry all of these emergency items easily.

Protect your property:

• Have your roof and rain gutters checked regularly for loose shingles and other debris.
• Keep trees trimmed and cared for properly.
• Make sure all locks on your doors and gates function correctly.
• Keep your yard free and clear of unnecessary items, so they do not become projectiles in a hurricane.
• Gather supplies, such as cardboard, plywood, and tape to secure windows and protect your family from flying dangers.
• Find the most centered, most reliable place in your home to secure your family in, if needed.

Final Note: Stay calm, stay together, and check radio for emergency instructions to shelters and other safe zones.

By, Kris Masaki

Rental Insurance For Tenants

Mon, 07 Jan 2019 13:54:29 GMT

Rental Insurance for Tenants

Picture your belongings, if something happened to your laptop, your flat screen tv or your clothing and furniture, could you afford to go out and replace the lost items? After all, your belongings are not just things, but part of you, tools you use daily and need access to.

What does your landlord’s policy cover?
Typically, the landlord’s policy covers the building or unit in which you live. It does not cover your personal belongings. For that, you need a renters insurance policy.

What are the basic coverages offered?

There are two types of basic coverages offered.
Property: This helps to protect your personal belongings at home or away.
Liability: To protect you financially against costly claims and possible lawsuits.

Step One - Property:
Crete a list of your belongings, if you have receipts, keep them in a safe place. If you do not have receipts, try to estimate the value as best as you can. Keep in mind that some large ticket items, like a wedding ring or a family heirloom, may not be covered under a typical renters policy. For these items, you may need additional coverage, sometimes called a Personal Articles Policy.

Step Two – Liability: On most occasions, your landlord’s policy does not provide coverage when you are found liable for damages or injury to another person. Your renter's insurance policy does. This means your renter's policy could help pay for bodily injury, property damage and even provide a defense against these types of claims or lawsuits.
For more information, contact your insurance professional today.

-Kris Masaki

Makapu’u Point Lighthouse Trail

Mon, 07 Jan 2019 13:54:03 GMT

After a long week of phone calls, open houses, showings, leads, and office hours, taking a moment to hike with my family is required. I’m reminded how beautiful Hawaii is, most importantly I’m reminded how precious my family is. Makapu’u Point Lighthouse trail is one of my favorites.

March of 2018, I took my kids to hike the lighthouse trail. I’ve done it before without the kids, so I knew what to expect. It’s an easy kid-friendly paved trail. My eldest kid did this hike without any problems. Amazingly enough, he didn’t even complain! However, my little one was all over the place. He got distracted often picking up sticks, trying to jump off the side of the trail, running the other direction, etc. Next time I know to bring the stroller. Took us an hour to

If you go during whale seasons which is usually around December – March, you might be able to see whales. There are also binoculars off to the side of the trail. We didn’t get lucky this time. However, when I hiked this trail back in November 2017, we saw a bunch of whales. Off to this hike is the Makapu’u tide pools, one of Oahu’s secret hikes.

Parking

The gate opens at 7 am which allows you to drive further into a parking lot area.

Level of difficulty

EASY PEASY FRIEND! Take your kids, out of townies, and lazy family members! It’s a little steep but overall easy.

What to bring

SUNBLOCK and MORE SUNBLOCK, there is NO Shady area during this hike. Water and lots of it! There are not many bugs during this hike; bug spray would be unnecessary.

Address: 41-95 Kalanianaole Hwy, Waimanalo, HI 96795

After this hike, you’ll fall in love with Hawaii.

Looking to buy? Call us at Royal Realty.

Jennifer Peele (RS 80159)
Realtor Associate
Cell: 808-498-2668
Jpeelera@gmail.com
www.Jenniferpeelera.com
FB: @jenniferpeelera

Top Five Reasons To Hire A Property Manager

Mon, 07 Jan 2019 13:53:20 GMT

Top Five Reasons to Hire a Property Manager

If you needed surgery, you would go to see a professional, right? The same is true when you have an investment property. Hiring a property manager is putting your trust in the professionals. Today, I would like to share with you 5 main reasons why you should hire a property manager for your investment property.

A good property manager:
1. Is licensed and insured
2. Has specialized experience
3. Has a knowledge of the industry
4. Protects their owner
5. Offers peace of mind

LICENSED AND INSURED
Much like doctors who have to go through specialized training, real estate agents have to pass board exams and take continuing education classes. This means that by working with a property manager who is licensed, you ensure that you have a professional on your side. Real estate agents are also required to carry specific insurance to protect you and your investment.

SPECIALIZED EXPERIENCE
There are a lot of real estate agents who can buy and sell properties. There are few that specialize in property management. The experience that they have in their specialized field allow them to use the systems they have in place to be able to secure good tenants. Property managers are equipped to help you make informed decisions regarding your investment property.

KNOWLEDGE OF INDUSTRY
Property managers have their thumb on the pulse of the rental industry. They keep abreast of the trends, technologies, and changes to help you have the best return of investment on your property. Property managers can give you the best options and information to help you navigate through the rental property market.

PROTECTS THE OWNER
As an owner, your protection from having to deal with bad tenants is value in itself. No more middle of the night phone calls or 2 am water leaks to deal with. Put your trust in a licensed professional that knows how to deal with situations and emergencies that can arise.

PEACE OF MIND
The biggest reason to hire a property manager is peace of mind. Imagine a world where you receive a check each month and you did not have to do or think about anything. Having a good property manager provides that for you.

- Kris Masaki

Manoa Falls Trail

Mon, 07 Jan 2019 13:52:56 GMT

This fall takes me back to my high school years! I remember hiking this waterfall with an old high school friend. I would take my mainland friends visiting me to this spot.

Surprised I was! Back then, it didn’t have a snack shop, paid parking, or the restaurant.

Personally, I love the snack shop. The second time we did this hike, we treated ourselves to shave ice.

May 2017, moving back home with my kids to get started in my career as a real estate agent. The first hike I wanted to share with my little ones was Manoa Falls. I bought a carrier for my littlest one, bug spray, and we were off!

Level of difficulty

I would say……. kid friendly! My seven-year-old did well on the hike (after 10 min of complaining, of course). Took us an hour and twenty minutes to complete the hike, up and down with a 5 min rest at the top. The trail is easy to follow.

What to bring

Don’t need sunblock because the hike overall is shady. You’ll need bug spray and a lot of it! Water. Cash for the $5.00 parking fee. They do NOT accept credit card. There is an ATM in the snack shop inside. It can be slippery after rainfall so is sure to wear the appropriate shoes.

How to get there

TRAIL: Manoa Falls Trail
LENGTH: 1.6 miles round trip
HOW TO GET THERE: Take McCully Street out of Waikiki and turn right onto Kapiolani Boulevard. Turn left at University Avenue. Follow University Avenue as it turns into Oahu Avenue. At a five-point intersection, veer right onto Manoa Road. After passing Waakaua Street, find free parking along the final residential stretch of the street. It’s a .4 mile walk to the trailhead. Otherwise, continue driving along Manoa Road and follow the signs for $5 parking on the right-hand side. After parking, continue following the road toward the mountain. At a fork, veer right toward a fence with signs marking the Manoa Falls trailhead.

*Directions Taken from https://www.hawaii.com/oahu/things-to-do/hiking/manoa-falls-trail/*

Written by, Jennifer Peele

Where To Go To Schedule A Rental Showing In Hawaii?

Mon, 07 Jan 2019 13:51:36 GMT

Where to go to schedule a rental showing in Hawaii?

May 19, 2018

I, Jacqueline Little, have decided to write a blog about misconceptions related to real estate services. With 12+ year experience in property management and real estate sales, my goal is that this blog will give tenants, landlords, buyers, sellers, and agents a different perspective in the industry. Please keep in mind that this, and future blogs, are based on my personal experience and completely subjective.

I hope you enjoy this new blog series. You may want to grab a beer before we get started. Cheers!

Let us start with how to schedule rental showings in Hawaii. With the ever-changing rental market and companies surrounding it, it can be difficult to know where to look to set up a rental showing. I mean there is Backdoor, Zillow, Trulia, MLS, Craigslist, AHRN, the newspaper, postcards on bulletin boards, and so on. Then you add the fact that each state has completely different ways to find, request and schedule showings.

In some states, such as Las Vegas, you can hire an agent to set up and show you most available rentals in the state. Hawaii, however, is not like any other state. While Hawaii offers great year-round weather, it also offers what we call “Hawaii Time/inefficiencies”. That understood, here in Hawaii, you will be responsible to reach out to each landlord yourself individually to schedule and view all rentals you are interested in. At the end of the day you are the keeper of your rental future.

Recently I have been getting a lot of showing requests through Zillow. You may think this is the best way to go about scheduling a showing, but Zillow, like many other companies, leaves out specific information on listings - like showing details, how to request showings, etc. Having the accurate showing instructions is essential to be one of the people who are able to view the rental unit.

In order to be able to read a complete ad, which would include showing instructions, I recommend going to Craigslist. It may seem like the most unlikely place to find an actual rental, but trust me - all the rental action in Hawaii is on Craigslist.

I hate to leave you hanging since we are just getting started, but the waves are calling my name. The next blog will be available in the next couple days and I will explain the most successful way to request a showing since now you know where to look for rentals.

Until next time. Cheers!

Written by, Jacqueline Little

Agent Kris Masaki

Mon, 07 Jan 2019 13:50:55 GMT

Royal Realty, a locally owned and operated company started in 2009, was created to service all residential real estate parts, so that we may take care of our clients no matter what the situation. With our multi-dimensional real estate services, we are able to help tenants purchase their dream home, homeowners sell their property, and investors assess the value of short term and long term rentals.

Before And After Renovations

Mon, 07 Jan 2019 13:50:16 GMT

This unit is beautiful! It’s in a nice property at Regency Park. The property alone has a basketball court, volleyball court, fitness center, pool, party center, BBQ areas (more than one), and a private playground of its own! The unit itself was colorful in the beginning. I personally don’t mind the bold colors on the walls but not rental ready.

Once the owners signed their property management contract, I went to work. Called a bunch of people for estimates on a paint job, flooring, screens, ordered the washer and dryer and submitted work orders for minor fixes. Got an affordable deal for all renovations required. Three weeks later, the unit was ready!

As a property manager, we help expedite renovations, order appliances when needed, call for estimates, and on-site for installations. We basically do whatever it takes to get the property rental ready as quickly as possible.

Contact me for property management services.

Jennifer Peele (RS 80159)
Realtor Associate
Cell: 808-498-2668
Jpeelera@gmail.com
www.Jenniferpeelera.com
FB: @jenniferpeelera

Royal Realty On Living808!

Mon, 07 Jan 2019 13:08:03 GMT

One of our own agents, Sean Soto was on Living 808!

Royal Realty specializes in residential property management and residential sales. In our segment, we talk about Vacation Rental Management and helping people buy their dream home.

Here is a link to our segment on Living808:

http://khon2.com/2018/01/16/royal-realty/

A Day In The Life Of A Realtor

Mon, 07 Jan 2019 13:07:32 GMT

A day in the life of a realtor

5 Areas In Your Home That Deserve Your Attention!

Mon, 07 Jan 2019 13:06:00 GMT

5 areas in your home that deserve your attention!

6 Steps To Buying A Home

Mon, 07 Jan 2019 13:04:33 GMT

Looking to purchase your first home? Here's a helpful guide to help get you on the right track.

Why Should I Use A Property Manager?

Mon, 07 Jan 2019 13:03:16 GMT

If you have a rental property the goal is to make money. At times the amount of time it takes to accomplish all that goes along with maintaining the rental with qualified and good tenants, regular maintenance, knowing and adhering to tenant-landlord regulations can feel like a full time job. Even researching and determining the appropriate rental costs that will bring in the correct income after regular expenses can be a taxing procedure.

This is one of the best reasons to hire a property manager. A property manager is a licensed person who knows the housing market well, they are aware of all laws that effect your property. When hired their primary objective is to fill your rental with good tenants and make sure you are getting the most value for your property, all the while maintaining the property to the highest standards.

Skilled property managers will handle all interviewing and screening of possible tenants. They will ensure regulations are upheld. They will also budget out all costs so their is nothing hidden and you can maximize the most return for your rental.

Sure you can do this alone, but even one property can take a lot of time let alone more than one. Talk to us at Royal Realty and see how we can help you achieve your rental goals.

Who Is Royal Realty?

Mon, 07 Jan 2019 13:02:25 GMT

Royal Realty is family. We started our company 8 years ago in downtown Honolulu and have remained there ever since.

In the beginning we started with long term property management, home sales and purchases. We have recently added short term vacation property management to our repertoire to enable us to be the full service agency you know and love.

Initially our representatives were Jaqueline Little, Frances Sagun, and Monica Cooper. With a steady growth we have added more family members to our team to now include Bryon Gibbens, Kris Masaki, Sean Ortiz, Valerie Sumner and Cassidy Acord. Every member of our ohana knows the importance and awesome responsibility in every job we take on. We strive to treat people with the aloha we expect from a local business.

If we are selling your home we understand the love you have for it and will strive to make sure you get the best price you can. If you are looking for your dream house we will make the process easy and simple, clearing away the fear and complexity that can come along with this endeavor. If we manage your property we will represent you with the upmost dignity and ensure that your property stays marketable and profitable for you for many years to come.

Talk to us and find out why at Royal Realty service is KING!

Why Should Your Realty Needs Be Handled By Professionals?

Mon, 07 Jan 2019 13:00:49 GMT

So many different things can come up when you are dealing with selling or buying home. For just an example you have to coordinate, with banks, builders, home inspectors, escrow companies, the list keeps growing. On top of this everything becomes time sensitive. You have certain things that need to happen on or before certain days. Any mistake in the escrow process could jeopardize your chances and owning or selling your property.

You have a lot of pros when you decide to hire a professional to represent you. Lets go through some of the benefits

You Get Your Own Expert

You have someone on your side who understands the intricacies of the laws around your sale. You also have someone who is an expert in the area and can get you all the relevant information needed for you to make important decisions in this process.

You realtor is well connected and if you are a buyer they will easily be able to identify properties that are going to fit in your budget and have the luxuries you are looking for in a place you will call home.

Help With Negotiating

One of the hardest and most stressful things about buying a house and negotiating a prices. When you work with a professional they understand the market, because they are in it every day and can offer sound advice and work to get you a deal that you are happy with. Having someone on your side in this process can be a huge relief; especially if you are someone who hates to negotiate.

If you are a seller you want the best price possible for the home you have put a lot of time and love into. Many times your price on this also dictates what your financial situation will be when you purchase your new home so having a realtor help you achieve the best possible price is going to be monumental.

Have Someone on Your Side Working Towards Your Dream

This is a huge financial decision you are making. You are picking a place that is going to be your home. A place where you will build memories, feel safe, and entertain friends and families. You have a dream of what you want; having someone who sees your dream and has the tools to help you realize that is key in this process.

Ultimately your realtor knows that in order for them to grow professionally they need referrals so making sure they get you into a place you love is something that they are not only passionate about but are motivated for their own success as well.

If you are thinking of buying or selling contact us and let us show you why service is king at Royalty Realty!