I’m Renting MY Maui STR to FEMA… Should You??? Solving Maui's Housing CRISIS after the LAHAINA FIRE
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- Опубліковано 25 чер 2024
- Solving Maui's Housing Crisis. Where will Maui Fire Survivors Live after the Lahaina Fire? In this video I break down the Pro's and Con's of converting my Maui Vacation Rental of STR into a long term rental through FEMA's Program.
#maui #lahainafire #housingcrisis
Contact Me with Questions about My Experience with FEMA so far
Jesse G. Wald R(B)
(808) 446-5841
Jesse@MauiExclusiveRE.com
I have been a landlord in Missouri for 34 years so I thought your video was perfectly done! Straightforward, informative, balanced, and honest. Thank you for this.
As a born and raised lahaina resident who lost their home and business I have to say I am so impressed by you and your kind perspective on the current housing crisis here. Thank you for doing your part and also for not being greedy about it. You didn't have to rent out your place and yet you did. mahalo! Hopefully your video will encourage more to open up their spot for a local family who really needs it, especially on the west side! We are currently looking for a place to rent until our house is rebuilt. We're all doing the best we can in these unfortunate circumstances. Take care
Good on you, Jesse. Hoping others follow suit.
Thank you. I hope so too!
I hope it works out for you Jesse. And hopefully we get to see your numbers down the road.
Thank you. Your in a position to help and it will make a huge difference in people’s lives. Hope others can also step up
Great and informative video thank you for always finding ways to help and give back to Maui
hope you are a lawyer because you shouldn't trust snakes with smooth words. You should rent it out on your own and keep total control of your personal private and real property. The Gov, Mayor, police chief, water boy, siren boy, the published papers on Lahaina becoming a "smart town" etc, all point to intrigue and subterfuge. You should not trust snakes.
I agree. I think Jesse is really being nice considering renting to victims, but so far all of these officials from county State Fed don't seem to follow law, for Instance, the public was never alerted to give input or info Ideas before Olowalu Dump was chosen and then illegally began its construction. Public was still testifying and under the assumption the dump had not yet been chosen or prepped But No! The dump is ready to go before public even knew it, Lawlessness
Dont you get it. He can’t rent it out alone. FEMA will pay $6000 a month to him directly to house homeless for 2 years. Hey what’s his mortgage + maybe $1-2k? For him a month. These plate not tourists & what tourists want to be there now. Maybe that would be fair!! It’s business not being so nice.
@@Pazzazz11 The Law in Lahaina is now "No private property may be rented out on a long term basis unless FEMA does the renting of the property for the property owner"??? How is that legal??
Smart stands for Self Monitoring Analysis Reporting Technology when it comes to "smart cities, smart phones, smart cars, smart TV's" etc
Gets a lot of money from fema
Many complaints. Many saying buyer beware, but I think this guy is great. Trying to help his people and his neighborhoods. He's not forcing anyone to do anything. He's just suggesting something to help, I'm sure he has researched it. And I'm sure if you want to do it, they will research it too.He has a great heart, God bless him.
if you live near lahaina , you looking to move its so toxic of the rentals to fema, we only know of 1 that wasnt totally wrecked sadly not one says they will ever ever ever do it again.
Mahalo for sharing the info Jesse. I am considering offering my LTR here on Maui when my tenants leave next month. I appreciate your openness on this video.
Thank you so much for providing this information and for contributing to the community by housing displaced families. This was a very exciting video for me to watch. You are a good human being, mahalo!!!
Thank you so much for your kind words and support!
Good overview Jesse, thanks
Thank you for sharing! This info is great!
Glad it was helpful!
Mahalo! For all your support for displace people of Lahaina and for generous heart felt to help those who need the help at this time.God bless you and your family for making differences and understanding how hard for everyone not having a place and now with your Aloha and federal to make it happen for displaced families to able bring normally and peace of mind with your love and support of Lahaina.Much love from people of Lahaina and federal U.S. We thank you all for making differences for displaced.
Great video. You're very good at public speaking.
Hello Jesse. I really appreciate your approach and the content you are creating. As someone who loves Maui and scrimps and saves so I can visit there every 8 years or so I hope the best for all involved.
I made reservations 3 days before the fire to come on vacation and stay on Kaanapali at the KBH hotel. I understand there are still many survivors staying there. I have been back and forth on whether to go or not (January 7thto the 17th).
Any input you might have for me would be appreciated.
The agreements are short term- 24 months. After that everything may change to make having a condo unaffordable which is likely. And you may have no choice as everything is mandated by the state of Hawaii. Basically your condo is subsidized by government. The question is how long will your current agreement be effective as mandates will govern future contracts.
Once signed up with government entity they may place eviction moratorium in place when term ends and tenants will remain wo government payment like California bc there won’t be housing for these people when term ends -buyer beware -as long as you can afford to have property confiscated go ahead
Great job!
If people want to great but forcing people is wrong.
I would be a little leery about signing any contract with a Criminal government if this works out for you then good on you I'm going to sit back and watch
I understand there is a lot of mistrust with the Government. I'm taking a leap of faith here and trying to do something good but I will defiantly let everyone know if this deal goes bad for me by posting updates on this channel.
Thank you for the perspective of an owner. It is so important that voices other than unhinged activists are heard - which quite frankly, are scaring many away from participating in the program.
FEMA is doing a great job with this crisis! Our Ohana needs housing now!
Fall in line!!
We have a Kihei condo also, will be on island Friday and discussing with our property manager, they are in Dolphin center. Your condo will be fully furnished same as for STR? If so, when the tv has issues or when the coffee pot breaks, is that the same responsibility? Taxes and reduction in property management fee would put us $15-17 k ahead, other costs remain the same. We are seriously considering it. The other factor is bookings, we are booked till April but nothing after that.
dont...everyones place has been ruined..sad but true.
$34 TRILLION debt mahalo
Great video! Who is the local property management company? I was afraid to use off island ones. Thanks
Currently, FEMA is only using three mainland management companies.
That’s what I thought. Jesse never answered my question here, so perhaps he was misquoting from his video clip?
Exactly
Do you still pay transient tax/GE tax?
We just had our STR canceled today so that it could be put into this program. While we understand the reason behind the changes, it does make it tricky to plan a trip to Maui, not knowing if your accommodations will be canceled. Is booking at a hotel the only way to guarantee your reservation won't be canceled? Thanks.
IMHO, it is extremely slow on Maui right now and there are tons of condos available, even after the 3000 sign up for this program. Visitors are needed!
Hi Jesse, does a "long-term only" property qualify for the FEMA program? Or is this a "short-term only" program?
Yes, long term rental properties can also join the FEMA program. However, it is important to be aware that if you already have a Tennant in place, you can't evict them just so you can sign up with FEMA.
They need 3000 properties. If short term they are making people or giving incentives to help fema
For long term help.
What about smokers,pets or too many guests? You indicate FEMA monthly meetings with the rental guests? What chance will that ever happen? At least with and STR you take a substantial damage deposit and therefore a steady ability to watch your place and items.
Renters are required to follow house rules and FEMA pays a deposit. Only time will tell if there are actually monthly meetings.
Yes and as the management company, they can and should do the inspections if FEMA isn’t able to for your own records. I think it’s great you are trying to help out.
Sorry I messaged you on the wrong video haha. Please let me know which managers you reccomend!
Is your unit on the west side ?
No it’s in Kihei on the south side.
I wouldn’t do nothing for fema
$5900! A month??? 1 BR/2 people FEMA will pay you that??? What’s your mortgage? You are not really helping anyone. It’s still business!!
Of course it’s helping. The government incentives don’t change the fact that this providing housing to displaced residents. The way I see it, it’s a win/win and it’s the way our system works. Look, I didn’t have to share this information with anyone, but I did to encourage others to join the program too.
Don't go lower than $5,900 a month.It's YOUR business not FEMA's nor the incompetent MAUI COUNTY OFFICIALS.
Thanks for sharing. I appreciate it
Making a deal with the devil never benefited other than Lucipher.
I’m curious who you think the devil is in this case?
Have you heard of C40/smattering cities/Resilient cities, etc. Have you heard of the WEF, Black Rock, Vanguard? Why is that the people of Lahaina got less than $1000 per family while we keep sending money to pay Ukranians salaries? Why are we giving more housing, food, transportation, communication, and cash to illegal immigrants while the people of Lahaina has not even been heard and their sacred places desecrated? Do you think FEMA is there to help? It makes sense that it was more convenient for you and the tax incentives where great. Everyone does cave to the dark forces for $ and convenience. Why is that they don't help those who lost their property directly? Many will lose their properties because no money from FEMA can go to whatever they decide. They made them beggars so they can keep the shuffling around and disturb their lives eternally or until the smart city is all done and that area is completely owned by non-hawaiians, not even Americans. But who cares when you are offered a good deal.
Should you be using the vacation rental pricing? Vacation rental is higher then regular rental prices and your tenants aren't vacating. I think this video may piss some people off.
Fema if crazy if they pay that!
I should have pointed out the fact that FEMA is currently paying hotel rates to house people. Many of these hotels charge $700 to over $1000 per night! It is much better for FEMA to pay an STR owner because these types of properties have full kitchens and are more livable long term AND it will be way more affordable AND it is a long term lease.
Yes, I'm sure this video will upset some people... but all I am doing is trying to help convince other property owners to offer their properties to house fire survivors.
You need to take into consideration that STR’s have HOA fees $800-1000 a month, higher property tax, and 22-25% management fees along with 80-85% occupancy rate when the economy is good. So with a monthly gross of $5,400, we have 22% management fees ($2,000) $850 HOA, $650 property tax, $300 electric, $85 phone $120 insurance, $100 supplies. So close to $4,000 in fixed costs. So with FEMA we would need about $2,500 to just break even.
Sadly you have no idea … making deals with the devil … you will regret down the road.
Only Time will tell for sure. I’ll definitely keep everyone updated on the good and the bad as we go down the road.
I myself would not trust them because too much funny Business that went on during emergency response
@@donnawolfe2365 there’s many different government agencies, this particular program is going to work out for landlords.