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2023 New Year Greeting

Hauʻoli Makahiki Hou

We want to take a moment to update you on 2022 and provide an economic outlook in our  2023 New Year greeting.  Before we get started, mahalo to our Clients and our local community for the outstanding support and the continued confidence you have shown us in 2022. 

Advocating for Our Property Owner Rights

We started this year with a great deal of uncertainty: the Omicron variant on the rise, travel barriers increasing instead of decreasing and a general sense of exhaustion from almost two years of dealing with our lives turned upside down.  However, we continued to strive and improve our services and commitment to our Clients, Staff and community.  We expanded to a new office location and hired additional Staff.  We saw a surge in real estate sales and our property management business also exceeded past year’s performance.  We continued our advocacy for property owner rights.  This will endure to be our aim as we embark on a new year. 

Economic Growth Anticipated in 2023

As high inflation and rising interest rates challenge our market conditions and as the Federal Reserve continues its aggressive strategy to raise rates to suppress inflation, our economic outlook becomes less certain.  If inflation persists, the Federal Reserve will need to continue to push interest rates higher through 2023.  Interest rates effect our housing market and have the potential to push us into a recession in 2023; however, according to the 4th quarter University of Hawaii Economic Research Organization forecast report, economic growth is anticipated for Hawaii by the end of 2023.

Hedging Inflation

On the residential market, affordability and inflation are significantly impacting housing supply as builders are unable to produce housing that is affordable given the rising cost of materials.  With strong demand  for Hawaii housing and with constrained supply, housing values are unlikely to plummet.  However, home sales have declined in 2022.  Regardless, we continue to experience a surge in sales particularly with investors looking to hedge inflation. 

Short Term Market Prospective

Our visitor industry has lagged in its recovery with visitor numbers still below the pre-pandemic level and we have yet to experience a return of our Japanese visitors. However, Japanese visitors are expected to return to pre-pandemic numbers later in 2023 and our mainland and European visitors have been more resilient improving our 2022 short term market from 2021 performance.

Long Term Market Prospective

Hawaii does anticipate a slow down in job growth and steady unemployment in 2023 but not sufficient enough to put Hawaii into an economic recession.  In part, due to planned Federal spending, particularly in the construction industry and our defense sector, employment is expected to be steady and support a need for long long term rental housing. 

Additionally, since the pandemic, our Staff has worked with our tenants in need to obtain rental aid which has helped immensely to keep our local residents housed while sustaining cash flow for our long term owners.     

2022 is another year that we are thankful for all that we have.  While our outlook does have uncertainty, we have indications that the future will be prosperous and you can be confident that we are working hard to improve our Clients bottom line.  We hope all enjoy a safe and Happy New Year as we look forward to a more favorable 2023!

Hawaii Dream Realty LLC Receives 2022 Best of Honolulu Award

Press Release

FOR IMMEDIATE RELEASE

Hawaii Dream Realty LLC Receives 2022 Best of Honolulu Award

Honolulu Award Program Honors the Achievement

HONOLULU October 13, 2022 — Hawaii Dream Realty LLC has been selected for the 2022 Best of Honolulu Award in the Real Estate Agency category by the Honolulu Award Program.

Each year, the Honolulu Award Program identifies companies that we believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and our community. These exceptional companies help make the Honolulu area a great place to live, work and play.

Various sources of information were gathered and analyzed to choose the winners in each category. The 2022 Honolulu Award Program focuses on quality, not quantity. Winners are determined based on the information gathered both internally by the Honolulu Award Program and data provided by third parties.

About Honolulu Award Program

The Honolulu Award Program is an annual awards program honoring the achievements and accomplishments of local businesses throughout the Honolulu area. Recognition is given to those companies that have shown the ability to use their best practices and implemented programs to generate competitive advantages and long-term value.

The Honolulu Award Program was established to recognize the best of local businesses in our community. Our organization works exclusively with local business owners, trade groups, professional associations and other business advertising and marketing groups. Our mission is to recognize the small business community’s contributions to the U.S. economy.

SOURCE: Honolulu Award Program

CONTACT:
Honolulu Award Program
Email: PublicRelations@honor-local.com
URL: http://www.honor-local.com

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We Moved Our Office

Effective April 1, 2022, we have moved our office to a new location.  We relocated one block to a commercial space within the Waikiki Resort Hotel lobby.  We are very excited about the new location.  The location is central between many buildings we manage in the Waikiki area. The new location enables us to continue to service our customers’, clients’, guests’, and tenants’ individual needs.

All contact information (phone numbers, emails, websites and portals) shall remain the same to include our secure mailing address: PO BOX 4569, Kaneohe, HI 96744. Only our physical office location has changed to 2460 Koa Ave, Unit # F, Honolulu, HI 96815.

We Moved Our Office

Anytime, Anywhere, Any Device…We Bring Owners and Tenants Together

  • Honest, Ethical, Reliable & Supportive TEAM
  • Full Service Property Management and Sales
  • Professional Management Systems
  • Long Term Tenant Screening – Credit/Criminal/Eviction Checks
  • Inspections, Maintenance and Cleaning Coordination
  • Owner’s Portal Online 24/7 Access
  • Direct Deposit Monthly Disbursements
  • Marketing and Advertising Included (No Additional Cost)
  • Marketing Syndications: AirBnB, Booking.com, HomeAway, VRBO, Vacation Rentals, Expedia, TripAdvisor and MORE
  • Short Term Guest Management Services with ID Verification
  • MAXIMIZING OWNERS BOTTOM LINE!

Whether you are looking for someone to take the burden of the daily demands of managing the property and the tenants, or looking for someone to make sure you are in compliance with Landlord Tenant Code, Hawaii Dream Realty LLC has a TEAM of ethical, licensed, professionals to get the job done while making your investment as profitable as possible.

Click Here for Our Property Management Website

It’s here! New Vacation Rental Marketplace Website Announcement

What we do and where we are going

TimetoVacationWe are pleased to reveal our newly designed vacation rental marketplace website for Hawaii Dream Realty LLC, feel free to Take a Peek! We have worked hard to grow Hawaii Dream Realty LLC from a single dimension real estate brokerage operation to a franchised company more robustly able to provide for our Client’s real estate needs. The company utilizes enterprise systems for each of its business lines with the goal to maximize returns, increase property value, reduce risk and stress, save time and money, and ultimately to provide piece of mind to our Clients.

The company already employed proprietary systems for marketing and managing real estate transactions through our affiliation with EXIT Realty Corp International. Hawaii Dream Realty LLC, doing business as EXIT Real Estate Services, specializes in the procurement and exchange of investment properties.

Today, Hawaii Dream Realty LLC is comprised of a number of business lines that have been developed in direct response to the needs of our Clients. Together they provide our Clients with a total real estate investment solution. For the first time we have dedicated websites and back office support systems that reflects each service line.

The vacation rental marketplace is the consumer end of an enterprise system that expands the ability for Hawaii Dream Realty LLC to manage and market our Client’s investment properties zoned for short term accommodations. Our new website, aside from being aesthetically pleasing, provides an agile and easy to scan, read, and navigate interface for its users enabling visitors to find their accommodation wants quickly.

One of our primary objectives we wanted to achieve when designing the new site was to help visitors get to know us better and get a feel for who we are as a company and vacation services host. We employed a responsive, security-conscience design, which means that you’ll see essentially the same design and secure interface optimized for your smart phone, tablet or desktop.

We hope you will visit the new website at our new address, www.waikikistay.com and acquaint yourself with the many options we offer when it comes to vacation rental properties for Waikiki. The company has its office located in the heart of Waikiki on the beautiful Hawaiian Island of Oahu. The vacation rental accommodations are within a three block radius of the office and have immediate access to everything that is Waikiki from its dining, street entertainment, to its beautiful beaches and parks, and even a zoo and an aquarium.

We are quite proud of the site, but we know there is still work to do. In the coming months, we plan to continue to expand our online marketing to additional third party vendor sites increasing the online exposure of our Client’s properties.

FMA Chapter 19 General Members Meeting 24 October 2013

The Federal Managers Association, established in 1913, is the oldest, largest, most influential association representing the interests of the 200,000 executives, managers, and supervisors serving in today’s federal government. At the October 24, 2013, FMA Chapter 19 General Members Meeting, Theresa discussed investing in Oahu’s real estate market.

Property Management Services

Hawaii Dream Realty LLC offers full service property management for Oahu real property owners who wish to retain their investments, increase property value and maximize their return. Many investors are already accustomed to managing accounts online, checking balances, making online payments, and electronically transferring funds. Our approach to investment properties is the same which is why we employ an easy to navigate, Real Property Investment Management Portal. The portal provides the level of transparency into our property management that you deserve and benefit.

For Property Owners, we offer two levels of property management service: full management service and limited management service. Since EXIT Hawaii Dream Realty is a licensed and insured, full service, residential real estate brokerage, if you are interested in selling your real estate, we can work with you to maintain your rental cash flow while discretely marketing the property for sale.

Full Management Service includes access to our Real Property Investment Management Portal which enables you to log into a secure web site with real time access to property information. The portal is the link between your real property portfolio and our property management accounting system. You have on-demand, real time, access, where ever or whenever you have Internet access with complete transparency into our accounting. This means you can view Owner Rental Statements with the ability to point and click to retrieve transaction details or ledger entries. The portal also provides a means to update contact information; view, track, or defer work order requests; access shared documents; and generate financial, rental, and task reports.

If you need advice on short term or long term investment property cash flow or if you are interested in our property management service, call us at (808) 735-2221, or visit our Honolulu office. We look forward to the opportunity to exceeding your expectations and serving you with professional real estate investment marketing, sales, and management services. “A Hui Hou” (until we meet again).

CLICK HERE TO VISIT OUR PROPERTY MANAGEMENT SITE

Real Estate Consumer Information

WORKING WITH A REAL ESTATE BROKER

Important Information for Anyone Planning to Buy or Sell a Home

If you’re planning to buy or sell a home, most likely you’ll soon meet a real estate broker or salesperson. There are many services a broker can offer you without making an obligation but before long you should discuss broker representation. It’s the first thing you need to know about buying or selling a home.

  1. BROKER REPRESENTS SELLER: If the broker is the seller’s agent, then the seller is the broker’s client and you are, in effect, a customer.You can buy a home in this situation just as you would purchase a product from a salesperson – that is, without professional representation by an agent of your own. Even though the broker is employed by the seller, the broker can still work closely with you, providing information about properties and financing procedures. A broker representing the seller can even help you prepare and present your offer to purchase the seller’s home. But as the seller’s agent, the broker’s primary loyalty is to the seller. Therefore, you may not want to reveal certain information about yourself, such as your urgency to move or your willingness to increase your offer.
  2. BROKER REPRESENTS BUYER: If you wish, you can retain the services of a broker to help you buy a home -just as you would hire an accountant or attorney. You become a client, and your broker represents you exclusively when you purchase your home. You gain the benefits of your broker’s experience and expertise. If you decide to use a broker as your agent, select one carefully. Discuss the services he or she can provide, and whether you will be charged a fee. This should be put in writing. You may decide you don’t need your own broker. The seller’s agent may be able to provide you with all the information you require to buy the home you want without representation. 
  3. BROKER REPRESENTS BOTH BUYER AND SELLER: It is also possible for a broker to represent both buyer and seller in a real estate transaction. However, state law requires that the broker inform both parties of the dual representation, briefly describe the type of representation to be offered, disclose all facts relevant to each party, including any possible conflicts of interest, and obtain their written consent. The reason for this law is to clarify at the outset the financial relationships and responsibilities of each party in a dual agency situation. Knowing the facts will help you decide how much personal information you wish to disclose to the broker. The above information was made available by the Hawaii Real Estate Commission brochure.

Most people buy and sell only a few homes in a lifetime, usually with quite a few years in between each purchase. Even if you have done it before, laws and regulations change. REALTORS handle hundreds of real estate transactions over the course of their career. Below are some compelling reasons why having an expert on your side is critical.

BUYING A HOME?

9 Reasons to use A REALTOR®

1. A REALTOR® has the most information in one place about what is on the market, including homes listed by other REALTORS®. You won’t waste time looking at unsuitable homes.

2. A REALTOR® helps you determine how much home you can afford, how you can acquire the down payment and what financing options may be open to you.

3. A REALTOR® can help you find the home best suited to your needs – size, style, features, location, accessibility to schools, transportation, shopping, etc.

4. A REALTOR® can supply information on real estate values, taxes, utility costs, municipal services, zoning and facilities.

5. A REALTOR® can suggest simple changes that could make a prospective home more suitable for you and improve its utility and value.

6. A REALTOR® has no emotional ties to a home, can be objective about it and can point out its advantages and disadvantages.

7. A REALTOR® is a skilled negotiator that acts as an agent between you and the seller to present offers and counter-offers until an agreement is reached. Negotiations can get complicated when you consider factors such as price, financing, terms, date of possession, inclusion or exclusion of repairs, furnishings, equipment, the inspection process, and other known or unforeseen issues.

8. A REALTOR® is knowledgeable expert that will help you prepare the best deal and avoid delays or costly mistakes. 

9. A REALTOR® is bound by a Code of Ethics and pledged to protect and promote the interest of the buyer by providing fair treatment for all parties involved in the transaction.

SELLING YOUR HOME?

10 Reasons to use A REALTOR®

1. A REALTOR® is bound by a Code of Ethics and pledged to protect and promote the interest of the seller by providing fair treatment for all parties involved in the transaction.

2. A REALTOR® is knowledgeable of the market and gives you the quickest exposure to the maximum number of buyers.

3. A REALTOR® qualifies prospects as to their affordable price range and housing needs.

4. A REALTOR® knows current real estate values and can help you set a realistic, competitive price. This skilled professional knows how to merchandise you home effectively.

5. A REALTOR® is familiar with the local home-loan market and can help you determine whether seller assisted financing may expedite your sale.

6. A REALTOR® can figure the net proceeds from your sale, taking into account your outstanding loan balance, closing costs and possible owner financing.

7. A REALTOR® can tap an even larger market through referrals and marketing techniques.

8. A REALTOR® frees you from the problems associated with showing your home. The REALTOR® handles phone inquiries, appointments, showing and negotiations of the contract. Your home is shown only to serious, qualified buyers.

9. A REALTOR® maintains objectivity in presenting offers and counter-offers.

10. A REALTOR® can familiarize you with the closing procedures by explaining them all in advance.