In an action this afternoon by the City Counsel of Honolulu, the moratorium on Bed and Breakfasts for Oahu has been lifted. It was decided in what was called a "Work In Progress" that those Bed & Breakfast operations on Oahu that were in operation on or prior to February 2008 would be eligible to apply for a Bed & Breakfast License to operate legally.
This is great news for those operators that need the income their home businesses produce. Another great feature of todays action is that it specifaclly says that "Neighborhood Vetos" will NOT be allowed. It is thought that because of the budget shortfalls of the City and County of Honolulu, that this is a first step in allowing these wonderful businesses on Oahu and that as the bill evolves, Bed & Breakfasts licenses will be allowed for anyone that would like to apply for one.
There are some neighborhoods on Oahu that have been Bed & Breakfast favorites, like Kailua with its white sandy beach and on the North Shore of Oahu. Investors that would like the income of a Bed & Breakfast business on Oahu should act quickly before investor purchases drive up Hawaii Real Estate prices.
To do a search for homes that might be a perfect fit for you and a Bed and Breakfast operation, simply click on the photo of Mike & Gayle and we wish you Happy House Hunting. If you would like more information about today's action by the Honolulu City Counsel or on Hawaii Real Estate, please call us anytime.
Warm Regards-
Mike & Gayle
Gayle Fujita Ramsey, RA 808*388*1485 Hawaii Realty Group
Mike Ramsey Fujita, RA 808*630*1828 Hawaii Realty Group
