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Short-Term Rental (STR) Regulations
In Hilo, Hawaii, Short Term Rentals (STRs) are subject to regulations set forth by the County of Hawaii. It is important for investors to be aware of these regulations before purchasing a property for STR purposes. Here are some key points to consider:
1. Permitting: In Hilo, STRs are required to obtain a Nonconforming Use Certificate (NUC) from the County of Hawaii Planning Department. This certificate allows the property to be used for short term rental purposes. It is important to ensure that the property you are considering purchasing is eligible for an NUC.
2. Zoning: The property must be located in a zoning district that allows for short term rentals. It is important to check the zoning regulations in the specific area where the property is located to ensure compliance.
3. Taxes: Short term rental operators in Hawaii are required to collect and remit Transient Accommodations Tax (TAT) and General Excise Tax (GET) on rental income. It is important to understand the tax implications of operating a short term rental in Hilo.
4. Occupancy Limits: The County of Hawaii has regulations in place regarding the maximum number of guests allowed to stay in a short term rental property. It is important to ensure compliance with these regulations to avoid potential fines or penalties.
5. Noise and Nuisance Regulations: The County of Hawaii has regulations in place to address noise and nuisance issues related to short term rentals. It is important to be aware of these regulations and take steps to ensure that guests comply with them.
6. Community Impact: It is important to consider the potential impact of operating a short term rental on the local community. Some residents may have concerns about noise, parking, and other issues associated with short term rentals. It is important to be a responsible operator and address any concerns that may arise.
Overall, investors should thoroughly research and understand the regulations and requirements for operating a short term rental in Hilo, Hawaii before purchasing a property for this purpose. Failure to comply with regulations could result in fines, penalties, or even the loss of the ability to operate the property as a short term rental.