Moving Your Pets to Hawaii

 

When relocating to Maui, all we can think of is warm days with our families and friends. Up until a short time ago, transporting our loving animals has been almost impossible. Seemingly torturous to hold them in a small cell for an extended period of time. To most owners – not worth the stress that in some horror cases is irrecoverable.

The times have changed…  The days of locking up our furry friends in quarantine to bring them over to the islands is long gone!  All the is necessary is the correct documentation and proper planning!

Start by signing UP!   Contact Kelly, the direct release coordinator with Central Maui Animal Clinic at: kellydirectreleasemaui@gmail.com – 808-446-1521.

Kelly is amazing and will be your liaison in getting things prepared. She will help you do be sure you have the correct documentation, and is the first one to meet your furry dog or cat when they arrive on Maui.  If your pet is with you on the cabin, Kelly is waiting on the jetway to receive you and your family. They’ll take them for a walk to stretch out as they wait for your family to deplane and/or arrive to the designated location.

Have the correct DOCUMENTATION!   Have your photo ID and the state permit and health certificate ready and they’ll have you on your way quickly. There’s a pee pee spot at the airport and they’re animal lovers, so you can feel assured they’re in great hands.

The new requirement is 30 days of a minimum waiting period after a successful FAVN rabies antibodies test before arriving in Hawaii. 

The Main Requirements of the Program:

1.    The Fees for direct release are at $185.00 – $244 if you want them released in 5 days or less.

2.    Be sure your furry friend has a MICROCHIP

3.    Get in touch with Central Maui Animal Clinic to help you plan, then have the FAVN blood test done with the correct timing of your travel plans (30 days)

More information can be found via the State Website here

Check out the following Checklist for Import of Pets to Hawaii is below, or printable Checklist for Pets to Hawaii 



Owners must submit the following documentation so it is received by the Animal Quarantine Station 30 days or more ahead of the planned date of arrival:

  1. Completed and signed Dog & Cat Import Form (AQS-279). (Does NOT have to be notarized.)
  2. Original rabies vaccine certificates for the 2 most recent vaccinations.
  1. Payment of $165 by cashier’s check or money order.
  2. Flight information (i.e. Airlines, flight number, date and time of arrival).
  3. Check “Neighbor Island Inspection Permit $165” on the program applying for section of the Dog and Cat Import Form AQS-279.

The team at Central Maui Animal Clinic have made some awesome moves for our island over the past decade. They’ve expanded their staff and business hours to accommodate 24 hour emergency help. They’ve also opened Lahaina and South Maui Locations. Rely on them to help you through the process, then reward them by giving them your on-island business.

Looking forward to seeing you and your families back on the island.

If you’re curious about Maui real estate, reach out! Let’s get your toes in the sand.

Aloha, Erica Haleakala             text + call + email     808-281-4107

Wailea Realty Corp + Windermere Real Estate

Posted on February 14, 2020 at 12:19 am
Erica Haleakala | Category: Maui, Maui Airport, Maui Economics, Maui Investment, Moving to Maui | Tagged , , , , , , , ,

Understanding 1031 Tax Exchanges on Maui

ALOHA!

Selling Real estate in Hawaii has us immersed in a second home market ripe with investors looking to transfer their investment funds using the 1031 Tax Exchange program on Maui pretty often. It’s important to know the facts and have the resources on hand when you need answers you can trust, especially when looking to invest somewhere disconnected and far from home – like Hawaii.

Fidelity National Title gives a great explanation on a what 1031 Exchange actually is:

Section 1.1031, of the Internal Revenue Code of 1986, as amended, offers real estate investors one of the last great investment opportunities to build wealth and save taxes. By completing an exchange, the investor (Exchanger) can dispose of their investment property, use all of the equity to acquire a replacement investment property, defer the capital gain tax that would ordinarily be paid, and leverage all of their equity into their replacement property.  

Whoa. Did you READ that right??? Yes, you sure did. And it’s got investors saving hand over fist in an incredibly HOT market on Maui. You sell your investment, and then roll the capital into another and save a ton on taxes.

… ON 2 CONDITIONS.

1.).   Exchange must be for “like-kind” – ie. residential for residential, or commercial for commercial, etc…

2.).   No cash or additional benefit may be acquired unless you pay capital gains taxes on it.

WHAT DOES IT TAKE?

The IRS demands that once your property is sold, it is placed with an intermediary entity called an ‘Accommodator’ who is in charge of holding the funds. The Exchanger then has 45 days from the date of close to identify 3 possible replacement properties.

… 3 FINAL REQUIREMENTS.

1.). Purchase must be of equal or greater value.

2.). All equity must be re-invested.

3.). Equal or greater debt. (with an exception that a reduction can be offset with additional cash, but a reduction in equity cannot be offset by increasing debt.

Once the 45 days have passed, the property identification list cannot be changed and everything must be logged and in writing with the accommodator to show that we are abiding by specific guidelines.

So the GENERAL 3 RULES

  • The new purchase must be the same or greater value than the relinquished.
  • Reinvest all of the exchange equity into the replacement property
  • and obtain the same or greater debt on the replacement property as the one relinquished. 

Both properties must be sold and acquired for income and/or investment purposes.

Here’s the full article from Fidelity National Title that explains these specifics.


More questions?   Who can HELP?

Julie Bratton with OREXCO is the local expert and the person to call when considering a 1031 tax exchange on Maui. Old Republic Exchange has also created this awesome video to help with understanding the process of 1031 tax exchanges.

Here’s also a brochure to explain some of the particulars.     ORE Brochure 2018

If you’re strongly considering, Julie is so easy to talk to and she can help with understanding all kinds of ways the exchange program works – including deferred, reverse and simultaneous. Her experience has proven a strong track record in guiding homeowners to successfully achieve their investment goals.  Don’t be afraid to reach out!

Julie Bratton (formerly Tumbaga) – Hawaii Representative

877-591-1031 direct

jbratton@oldrepublicexchange.com

http://orexco1031.com

Maui provides an amazing landscape for the investor looking for a 2nd home that can generate some passive income through the short term rental market when you can not be here to enjoy. World-class beaches, dining, and shopping are all at your fingertips and the weather is fantastic year-round. As time goes by, you can spend more time here enjoying your investment. This is the ultimate retirement plan. Curious about an investment on Maui? Reach out, let’s get your toes in the sand.

With aloha, Erica Haleakala  – 808-281- 4107

Wailea Realty Corp | Windermere Maui  | The Shops at Wailea, Maui Hawaii.

 

 

 

Posted on December 29, 2019 at 8:02 pm
Erica Haleakala | Category: Maui, Maui Economics, Maui Investment, Moving to Maui, Short Term Rentals | Tagged , , , , , ,

7 Reasons Maui and the Beach are Good for You! #mauiliving

One of the reasons I love living on Maui is a daily stop to unwind at the Pacific Ocean.  Did you realize that there is substantial scientific evidence stating that the beach has significant health benefits?  The natural inclination to inhale deeply as you step on the beach is actually an automatic response to the quality of the air.  Aside from the anticipated “rest and relaxation”, here’s a quick read on 7 benefits of a day at the beach!

  1. Good for your Body

Vitamin D is good for your bones, healthier teeth, and a stronger immune system.  The meditative state it brings us is known to lower stress and blood pressure, as it supports your immune system and overall well-being.

  1.  Good for your Skin

The ocean water is full of minerals and natural exfoliants. Exfoliate on the sand and dip in the saltwater to detoxify with the natural antiseptic, using its qualities to cleanse your pores and skin.

  1. Good for your Peace of Mind

The vast ocean, expansive horizon, and beauty of the surroundings can actually make you appreciate nature. The off-shore breezes and sense of grounding from the sand put you in better touch with spirit and consciousness.

  1. Good for your Mood

The color blue has been discovered by an overwhelming amount of people to associate with calm and peace.  The physical sensation of our toes in warm sand causes people to relax.  The noises — coupled with the visuals — activate your parasympathetic nervous system, which is responsible for slowing us down and allowing us to disconnect and feel more engaged. (Not to mention the limited cell service and hopes that it encourages us to PUT DOWN OUR PHONES.)

courtesy of MedicalNewsToday.com

  1. Good for a Better Nights’ Sleep

A perfect remedy for insomnia, while engaging in a day of play, our skin is absorbing magnesium via the saltwater, and the essential mineral calms both the nervous and muscular systems and has been linked to helping us sleep better.

Magnesium is the eighth-most abundant mineral on earth and the third most abundant in seawater. More importantly, it is the fourth most abundant mineral in the human body and it is necessary for over 300 reactions within the body.

Magnesium isn’t just abundant in the body, but vitally important too. As this article explains:

“Every single cell in the human body demands adequate magnesium to function, or it will perish. Strong bones and teeth, balanced hormones, a healthy nervous and cardiovascular system, well-functioning detoxification pathways and much more depend upon cellular magnesium sufficiency. Soft tissue containing the highest concentrations of magnesium in the body include the brain and the heart—two organs that produce a large amount of electrical activity, and which can be especially vulnerable to magnesium insufficiency.”

  1. Good for your Physical Being

Then there’s the obvious… take a swim, walk on the sand or play with the kids while reaping the physical benefits of playing at the beach. The gentle resistance of water (and the vast ocean world below) make it perfect terrain for adventure and easier on those with arthritis or injury.

    7.  Good for your Financial Portfolio

Owning a home at the beach, particularly Hawaii can be a lucrative investment. History has proven that in a real estate “shift”, the 2nd home a vacation rental market can be shielded by the ability to rent it out for passive income. Not to mention, we’ve seen a 4% increase year-over-year in our property values.

Since the beginning of time, doctors have been “prescribing” vacation trips and time off to reduce stress, anxiety, depression, arthritis and more.  So the next time you’re feeling like a recharge, hit the BEACH! It’s just what the Doctor ordered.

Curious about a lifestyle change? A Maui investment?  Reach out, let’s get your toes in the sand.

Posted on November 6, 2019 at 11:59 pm
Erica Haleakala | Category: Maui, Maui Beaches, Maui Investment, Moving to Maui | Tagged , , , , ,

Will a Recession Affect the Maui Real Estate Market?

How Will the Next Recession Affect the Housing Market… 

Given the current media buzz of an impending recession, many Americans are fearing the worst and believe a downturn in the real estate market is inevitable. Take a look at the graph below from Keeping Current Matters.

It’s important to note that of the last five recessions in U.S. history, three of them saw increases. Two of those three saw prices appreciate faster than the historical average, and the massive down turn was as a result of loose ethics and loan practices.

Graph showing the housing market in the last 5 recessions

Recession does not equal a housing crisis

 

What Exactly is a Recession

According to Websters Dictionary, a recession means a time where the economy dips for a period of 6 months. Considering that we’re in the longest running economic recovery, it’s no surprise that we’re in for a breather. The Maui marketplace is still robust and active with consistent visitors looking to scoop up great properties and the inventory is low – so it’s still busy and still fast paced for those looking to buy.

How Will Maui Be Affected?… 

Saying anything is recession-proof is a tough statement to make, but any time you have scarcity in a market, whatever the market is, it sets up your investment for success. Purchasing in a location with limited supply is key to making sure your vacation home investment doesn’t depreciate dramatically in a recession. The rental income opportunity can also provide some insulation from market downturns, and there are other factors, too, that help make certain types of vacation homes less risky investments. Check out the most recent short term rentals in Wailea here.

For the best locations in Hawaii, like the Maui beachfront, the dip in property values at the last turn was only 10% to 12%, the reason being the barrier to entry—the ability to get anything built—is unbelievably tough. It isn’t overbuilt, and people recognized the value here. Selecting the location of your vacation home wisely may not protect you entirely from seeing a drop in value during a recession, but it could mean that the decrease you see is much smaller than it would be elsewhere. Also consider whether a second home will be a long-term investment, and perhaps even someday become your primary residence or legacy. Our listings at Mahana Estates are legacy homes where families are seeing their dreams built before their eyes.  I encourage you to reach out and ask questions on how we can paint this picture for you.

Places like Hawaii, Cancun and Mallorca don’t go through seasonal ups and downs. There are low and high seasons, but people are always visiting. People buy a second home and eventually envision living there, so in that sense it’s recession proof. Even in a recession, there are people that still have money, and they’re looking for very specific types of houses, and are very location-driven. As we approach winter, we expect more inventory to come one as usual and we look forward to seeing our friends who return year after year.  If you’re curious about a Maui investment, reach out, let’s get your toes in the sand. Aloha! 

Posted on October 4, 2019 at 8:36 pm
Erica Haleakala | Category: Maui, Maui Development, Maui Economics, Maui Real Estate Reports, Moving to Maui, Short Term Rentals | Tagged , , , , , , ,

The Kahului Airport Master Plan

The main runway at Kahului Airport would be extended by about 1,500 feet to 8,530 feet to accommodate fully loaded aircraft with direct reach to the Midwest, according to an update of the Kahului Airport Master Plan.

Kahului Airport

PC: Hawaii-Guide.com

The update of the state Department of Transportation master plan, forecasts needed improvements to the main airport on Maui through 2035, and was completed in December, following consultations with federal and state aviation and transportation officials, users of the airport and the public.

Prepared by R.M. Towill Corp., the plan lays the foundation for the preparation of a joint federal and state environmental impact statement for most of the first of three phases, which will take three years to prepare, according to state officials.

Other improvements cited in the plan, which would cost $3 billion to complete, include:

  • A much needed reconstruction of the current main runway 2-20, which is 6,995 feet
  • Planning for a new 7,000-foot-long runway, on the Haleakala side of helicopter, tour and other general aviation facilities
  • Expansion and improvements to the terminal.

The plan also calls for moving Shige Yamada’s “Maui Releasing the Sun” statue, situated in 1992 in the area next to the TSA security area, to the baggage claim area where a skylight is located.

Releasing the Sun – A Bronze Sculpture By: Shige Yamada

Lengthening the runway would mean the closure of the “back road” of Haleakala Highway between Hana Highway and Keolani Place. Past efforts by the Transportation Department to close the road, which is seen by many of us as an alternative route in case of an accident blocking Hana Highway, have faced opposition. The closure is projected in Phase 2, to be completed between 2022 and 2030.

Marvin Moniz, Maui District Airport Manager, said that he is working with transportation officials to keep the road open by building a tunnel. He’d like to save the road an keep it open. The winding road around the airport sits in the area of the main runway expansion and protection zone on the south side toward Hana Highway. The plan said that the 8,530 feet is the maximum runway length without having to redesign Hana Highway and to purchase more land, the plan said. Expanding to the north was not feasible because of “extensive land acquisition” required and the relocation of existing homes and the Kaunoa Senior Center.

The runway extension, projected to cost $96 million and built by 2021, would allow planes such as the Boeing 737-800 and 777-200 to take off at maximum weight for cities such as Chicago, Dallas and Denver, the plan said. Currently, those flights have to take off with reduced fuel that requires a stop in Honolulu to refuel before heading to the Mainland.

The main runway is in need of reconstruction, having been resurfaced five times since it was built in 1942. The last work involved an overlay project in 2006 at a cost of $3.4 million, the plan said.

The runway currently is safe but the constant resurfacing instead of rebuilding has led to cracks and joint deterioration over the years that are generating debris that could damage aircraft, the plan said. This potential danger has made reconstruction of the runway — with a 20-year lifespan — a priority of the state Transportation Department and the Federal Aviation Administration.

The projected cost for the runway reconstruction is $104.3 million.

While the reconstruction work is ongoing — which could last up to 16 weeks — an existing apron taxiway east of the main runway could serve as a temporary runway, the plan said. Closing the main runway without an alternative was not a viable option given the loss of $8.4 million a day to Maui’s economy.

There are no plans to extend the 4,990-long runway, which is mainly used by commuter airlines, the plan said.

Although beyond its scope, the plan recommends building a new 7,000-foot-long, 150-foot-wide parallel runway. The runway would be located 2,500 feet east of the main runway on the Hana Highway side of the helicopter and general aviation facilities. It would have the same operational capabilities as runway 2-20 and serve as an alternative should the main runway be taken out of service, the plan said.

The cost is projected at $768 million with acquisition of old Hawaiian Commercial & Sugar Co. cane land “an essential first step” for the runway, the plan said. The runway would be built beyond the 2035 scope of the plan.

The terminal will need to be expanded to accommodate the increased number of passengers near the 2035 end of the planning period. The number of passengers from the Mainland is expected to grow from 2.9 million to 3.6 million by 2035.

There currently are 13 aircraft parking positions — three for interisland and 10 for Mainland flights — in the terminal. The plan calls for leaving space on the south terminal area for expansion.

The larger north terminal has nine aircraft parking spaces and 22 departure gates. With the relocation of cargo and car rental facilities to the new consolidated rental car facility currently under construction, there could be space for an additional exit to the baggage claim area, additional passenger holding rooms and parking areas for planes.

North terminal expansion is constrained by the runway, relegating the area to aircraft parking and movement and airline operations, the plan said. New gates would be added to the south terminal.

The south terminal has four aircraft parking positions, six holding areas and 16 gates. The holding areas are nearly half the size of those in the north terminal and would be tripled in size by plans to build over an interior roadway and connect with the terminal building on the other side.

Some expansion work for the south terminal has been included in Gov. David Ige’s proposed biennium budget from July 1 to June 30, 2019. The governor has included $39 million in revenue bonds for hold room and gate improvements, said Transportation Department spokesman Tim Sakahara.

Moniz explained that the money would be used to enclose the open walkways in the south terminal to enlarge passenger-holding areas and restrooms, widen gate areas and create a retail concession area. Airport officials also are studying the addition of one more jet bridge.

As part of the larger expansion of the south terminal in the plan, air cargo and alien species inspection facilities will be relocated to lots on the south ramp.

The next step is to prepare a joint federal and state environmental impact statement prior to applying for construction permits. The EIS, which will include most of the plan’s Phase 1, will focus on the main runway expansion and reconstruction, improving taxiways for the temporary runway, installation of navigational aids and lights, taxiway realignment, expansion of south terminal hold rooms, relocating the Maui statue, closing a portion of Haleakala Highway, and adding 500 spaces to cellphone/employee parking lots.

The parking structure is near complete and we anxiously await the next phase. If this kind of growth doesn’t speak volumes for Maui’s development as a whole, I don’t know what will. It’s coming folks, and it’s an excellent time to be living and investing on Maui.

If you’re curious, reach out, let’s talk.

Aloha, Erica

 

Article Credit:  Maui News

Posted on September 5, 2018 at 11:32 pm
Erica Haleakala | Category: Maui, Maui Airport, Maui Development | Tagged , , , , , , , , ,

What can $650,000 Buy You in Real Estate on Maui

“A quick synopsis of the market in one of the hottest US investment and tropical destination locations. You’d be surprised at how affordable Buying on Maui can be. “

Year round sunsets and perfect weather, and a quality of life that is unsurpassable. I encourage you to ask questions, poke around and discover what a smart investment in the Hawaiian Islands can do for your financial portfolio and your peace of mind. Vacation rentals are what makes Maui appealing to the investors palette. Year round sun, means year round vacations. Purchase a family legacy to return to and build memories while generating a passive income stream at the same time.

The Short Term Rental market starts at 400k and the sky is the limit for Maui’s most luxurious oceanfront developments. There are all kind of options for both South and West side locations at this price point. This week, my favorite opportunity is a 3 bedroom, 2 bathroom short term rental in Koa Resort, across the street from sandy beaches in Kihei, South Maui. This spacious unit has a functional floorpan in a low density and lush garden ambiance. Development amenities include tennis, pool, jacuzzi, and sauna. Smart investment recently listed at 629k.

Absolute oceanfront from this 1 bedroom, 1 bathroom short term vacation rental at Sugar Beach Resort. A clean and bright unit with granite in kitchen and bath. Year round sunsets and whale watching in the winters from this make this short term rental an absolute no-brainer – it will rent like clock work year-round. If this one sparks interest, act fast. Oceanfront at this price point doesn’t last long. Just listed at 699k.

A charming fixer with good bones and a great floor plan in Maui’s Makawao Ranch Acres. This home has a large lanai with 3 bedrooms and 3 baths and 1900 sq. ft. of living space. Tucked on the hillsides of majestic Haleakala Crater for cooler climates and fresh trade wind breezes. Enjoy brisk weekend mornings at the Kula farmers market, and be conveniently located near Maui’s most coveted private schools. This spacious 12,000 sq. foot lot is a smart investment and provides enough room to settle in and settle down in a charming upcountry location. Newly listed at 665k.

A 14,500 square foot vacant lot ready to build. Wonderfully located cross the street from multi-million dollar homes and the most epic sandy beaches. Halama Street is known for it’s oceanfront estates and extreme accessibility. Stand-up paddle, fish and enjoy year round sunsets in a highly desired South Maui location. At approx 1/3 acre and zoned R-3, this flat, rectangular 142’ X 101’ lot is in a new subdivision. Water meters, road improvements, curbs and walks are all in and ready. Bring your imagination and lets put paradise in your portfolio.

“World-class beaches, dining and golf are right at your fingertips.”

If you’ve thought of making an investment in a place of rapid growth and endless appeal, I’d love to talk to you about the best opportunities available on Maui. I’m happy to share all about my relocation from Los Angeles in my early 30’s – and how amazing it feels to never look back. The priorities shift when buying on Maui – you start to feel and share the aloha.

Posted on August 4, 2018 at 12:54 am
Erica Haleakala | Category: Oceanfront, Short Term Rentals | Tagged , , , , , , ,