Balance needed between property rights, regulation of short-term rentals Kris Hazard Real Estate Sales and Consulting... Always with your best interest at heart... Email firstname.lastname@example.org or text request for no obligation link to VIRTUAL TOURS on these and other listings. Easy MLS Search at www.krishazard.com (808) 895-1364 Kristina R. Vaughn Hazard, RS, GRI, (R) #59457, Aloha Kona Realty, Inc. Helpful Sites for You: www.KrisHazard.7sellertips.com www.KrisHazard.smarthomeprice.com Choice Bayview Estates Home. Wide, Up close Ocean Views. Private setting. New hardwood fl ooring, custom interior design. Landscaped. 3 bedroom 2.5 bath. Pool, A/C and more. $1,335,000 Ali’i Cove. End Unit, 1800 sq. ft. 3 bedroom 3 bath. Prime location close to town. Many amenities and features MLS#293263 $529,000 Kona Sea Ridge. Two to choose from! Low, Low Monthly Condo fees Pool, fi tness center and more! Ground fl oor, 2/2 turn-key MLS#290768 $367,000 Top fl oor, 2/2 turn-key! MLS#295077 $359,000 Alii Park Place...Don’t Miss Out! Super clean. Light and great air fl ow. Prime location in complex. Quiet, gardens and breezes. 2 bedroom 2 bath, upscale small complex. Well managed, nice owner occupant ratio. A wonderful place to call home! Garage and deeded parking stall included. Turnkey available. MLS#296116 $425,000 Bayview Estates Quiet gated community. Stellar View Property 2468 sq ft home. Available turn-key furnished, many upgraded features. Single level NO stairs. MLS#293301 $1,245,000 The Villas. Sought after single level. 1873 sq. ft., 3 bedroom 2 bath. Attached 2 car garage. Amazing views! MLS# 296350 $750,000 18 West Hawaii Real Estate | June 22, 2016 Mobile and online technology and evolving consumer tastes are changing the dynamics of renting property, and the debate on whether the regulatory response from state and local governments clashes with individual property rights will likely continue, according to speakers at a panel discussion on the current issues surrounding short-term rentals at the 2016 Realtors Legislative Meeting & Trade Expo. The timely conversation on the increasing popularity of short-term rentals and whether or not they infringe upon property rights was debated by a panel consisting of prominent, but differing, voices in the industry. Providing their insights were Matt Kiessling, director of coalitions and grassroots for the Travel Technology Association; Craig Kalkut, vice president of government affairs at the American Hotel & Lodging Association; and Brian Blaesser, a partner at law firm Robinson & Cole LLP. According to co-moderator Christopher McElroy, a Realtor from Colorado and chair of NAR’s State & Local Issues Policy Committee, owning property comes with a “bundle of rights,” which includes the ability to rent an owned property to another individual. However, in recent years, advancing technology has expanded choices for consumer travel and changed rental market time frames from what was traditionally six months or longer to much shorter periods. In addition to obstacles related to taxes and regulation, issues can arise when rentals are used in ways that aren’t in alignment with the character of a neighborhood. “The increased popularity of shortterm rentals puts additional pressure on availability and affordability of lodging options in tourist communities, and now local governments are looking at ways to tax them in a similar way as hotels or bed-andbreakfasts,” said McElroy. Blaesser, who leads the real estate development practice at his firm’s Boston office, explained that local governments are seeking to regulate rental housing in various ways, including through registrations and inspections. He said a disturbing trend is that communities are placing limits and being more restrictive. “Fundamental property rights state that you should be able to buy, rent or sell a property. Limiting renting is taking away one of those three rights, and further regulations beyond registration and inspection can be dangerous.” Kiessling and Blaesser both agreed that renting out a home for less than 30 days is a residential use. Homeowners are simply taking advantage of popular platforms that allow them to rent out their property for supplemental income. As long as nuisance isn’t a problem, the right for them to rent out their property – regardless of the timeframe – is their choice.
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