Team Lally- Hawaii Real Estate

Showing posts with label Hawaii Real Estate Other. Show all posts

Sleep Mistakes You Don't Know You're Making

Getting enough quality sleep is important to the body and mind. Today we’ve got a few tips on how to get better rest.

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“Sleep Smarter” by Shawn Stevenson is a book we here at Team Lally have found some good advice in recently. If you want a great body and a great life: get some sleep.

This book has 21 strategies to get the best sleep ever. Today, we’re going to cover just a few of them.

First, don’t get "Twinkie sleep." It’s common knowledge that there’s a big difference in nutritional value between Twinkies and broccoli. Just like when it comes to nutrition, the quality of your sleep is as important as the quantity.

In his book, Stevenson not only provides helpful tips like this one but also cites scientific studies to support them.

The quality of your sleep is as important as the quantity.

Some other tips include no screen-time within an hour before bedtime and no caffeine six to eight hours before.

Also, the ideal time for REM sleep is between 10 p.m. and 2 a.m. and the ideal room temperature for sleep is between 62 and 68 degrees.

If you don’t have the time to read the full book, we’ve got the link to the podcast containing the rest of the tips. You can check out this article as well!

If you have any other questions or want more information feel free to give us a call or send us an email. We look forward to hearing from you soon.

What Is the No. 1 Mistake That Investors Make?

Most real estate investors make the same mistake. They don’t increase their rent.

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Want to buy a Hawaii area home? Search all homes for sale

We've been receiving a lot of questions about this topic lately, so today we want to talk to you about investment properties.

The most common mistake investors make is not raising the rent. They put a tenant in place and keep the rent the same for years. The rent covers the payments, and if they pay on time, it's a win-win. Right? Wrong. When tenants get comfortable with their rents, their other expenses tend to eat up their leftover income. When it's time to get them out, they will have a hard time finding a comparable property at the rent you've been charging them.

Get a professional rental analysis.

It will be a challenge having them vacate the property when it’s time to sell, but we have a very easy solution. Get a professional rental analysis.

Raising your rent to market rates may even cover the management fees. We highly recommend Duke Kimhan and his staff at Hawaii Pacific Property Management. Let them take the call for a clogged toilet on Super Bowl Sunday. We use them for our own investment properties and they could be a great fit for you if you're thinking of investing in Hawaii real estate as well.

If you have any questions for us, don't hesitate to give us a call or send us an email anytime. We look forward to hearing from you.

Oahu Housing Crunch Eased by ADU's

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Call us at (808) 426-7211 for a FREE home buying or selling consultation

Today, we want to talk to you about accessory dwelling units, or ADU's.

The Honolulu City Council approved a bill on September 2 that allows for ADU's. An estimated 20,000 Oahu homeowners will soon be able to create secondary housing units on their properties.

Mayor Caldwell is expected to sign the bill shortly. Proponents say this will address the housing rental crisis here on Oahu. This is part of the mayor's plan to create Ohana housing open to more than just family members.

Many of these ADU's will fall within an affordable range. The department of business economic development and tourism estimates that Honolulu's population will grow to more than 1 million people by 2030, which is an 11% increase. ADU's provide extra living space as our population grows.

This change in law should create a low-cost way to facilitate private sector development without costly government subsidies or investment. This bill represents one of the most significant pieces of housing legislation in years.

If you're interested in ADU properties, give us a call or send us an email. We look forward to hearing from you!

Team Lally Father's Day Special with Retired Fire Chief Attilio K. Leonardi

In today's radio show we are joined by a very special guest:retired Fire Chief Attilio K. Leonardi, the father of Attilio! Mr. Leonardi discusses what life was like serving on the Honolulu Fire Department, which is one of the top fire departments in the nation, and he also tells us what it was like being a father at the same time.

What do Cap Rates Have to do with Investment Properties?

Looking to buy or sell a home in Hawaii? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation to see what buyers will pay for your home in today's market. You may also call us at (808) 426-7211 for a FREE home buying or selling consultation to answer any of your real estate questions.

Today we are very excited to be joined by Duke Kimhan, a principle broker at Keller Williams Property Management. He is here to explain to you a fundamental term when dealing with investment properties, cap rate. The cap rate, or capitalization rate, of an investment property is a fundamental concept in commercial real estate that is sometimes misunderstood and incorrectly used.

So, what is a cap rate? Basically, it's the ratio of net operating income to property asset value. To figure out your own cap rate, simply take the net operating income and divide it by the purchase price. The higher this figure is, the better things are for you.

If you have any questions for us, please feel free to give us a call or send us an email.

Aloha, and Mele Kalikimaka!

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Team Lally Testimonials

Genette - "We bought one house and sold that with them, and then bought the current house that we're in, and now we're selling this one. We always had a good experience, so when it came time to sell this one, really we didn't give it a second thought. We just called Ray Wolmers, who we've worked with before, and just got him on board right away. It just seems like with everything they handle every detail, and I love the "team" concept; that there's always somebody who handles everything. They never miss a detail. We did have one instance with our original house where we had the termite inspection, and they actually found termites. We had to have the house tented as that was just one of those where I was so glad they handled all the details for us and got it taken care of. They got it scheduled when we needed it scheduled and found a good price for it. It was just amazing. I wouldn't even consider another realtor here in Hawaii, because they handle everything and they're very professional. They just have always taken care of everything."

Maurice - "My results were very positive. Team Lally was very efficient and always kept me informed during every step of the process. I was never left in the dark wondering what was going on. She worked in the middle between myself and the escrow company or the lender and really just was my point of contact. She would explain any questions I had about the paperwork and kept me informed of what they needed from me. They really did a great job and I appreciated everything they did! "

Peter - "I had been looking at the search function on their website and then Cherie got in touch with me. We started scheduling houses to look at and as soon as I found anything I liked, she would schedule it immediately. She was always able to meet my schedule and willing to drive all over this island to find my house. The whole process went very smoothly! "

Paul - "Team Lally was really helpful and great to work with! They worked to my needs in what I was looking for and were very good at identifying houses that would be a good fit for us. Cherie, our agent was very patient and kept the same enthusiasm from the day I met her through the very last house we ended up purchasing. It was like a breath of fresh air with her professionalism throughout the entire process."

Shawn - "One person that really stood out to us during the whole process was Keli’i. It’s definitely a seller’s market here in Hawaii so houses are on and off the market very quickly. We expressed our frustrations about that with him and that night he was emailing us with prospective houses and times we could go look at them. He really took the initiative and reached out to us. I would recommend Team Lally fully."

Eric - "We had good results when we worked with Team Lally. Our first buyer unfortunately bailed out but it wasn’t for a lack of trying from Team Lally. They put in a lot of effort with their marketing and the exposure of the property. It was all great and they had really good customer service! "

Ryan - "I’ve worked with Team Lally twice now. I’m in the military and was stationed in Hawaii so I reached out to Team Lally to help me buy a home. They were helpful and we found a place quickly that I was happy with. After a few years I had to move for the military and plenty of times Adrienne was able to step in and helped me out when I needed someone to watch the house or find a renter. I didn’t want to rent it because I was coming back maybe 5 months later so Adrienne went out of her way to find someone that was trustworthy to stay there to watch my house and my dog until I came back. They were very understanding of my needs and able to find exactly what they could do to help me. "

Benito -"We were able to get into a house quickly, and it was a pleasant experience. Our Realtor, Kailyn, was constantly checking up with us. When we started to close, she made sure everything was done on time. On top of that, after we had moved in, the marketing manager came to the house to congratulate us. He brought us some gifts, too. I thought that was really great!"

Phil -"We bought a home and sold a home with them. Both experiences were excellent. They helped us with everything we didn’t understand. When I was looking to purchase a home, Adrienne herself picked me up and drove me around to look at homes. She was at our call whenever we wanted to look at a home!"

Brendan -"They were phenomenal! They were very quick to respond to all my phone calls and emails. They gave me great guidance on how to get the house prepped for the open house. We had an offer the first day, and a second offer the next day, and the house pretty much sold itself after that! Alesia Borja was great in the closing process. I had lots of questions because there were so many details that needed to be taken care of in order to close on time. She responded quickly and made lots of phone calls after hours in order to make sure the house closed on time!"

Geri -"I really enjoyed them helping me. We had a lot of paperwork going on at once, because we were selling a condo, purchasing a house, and doing the 1031 Exchange. They really helped out. I was in California, so there was a three hour time difference. I had a lot of questions, and some were pretty early in the morning for them, but they always got back to me promptly. When we were getting ready to sign the final papers, I noticed that the 1031 Exchange wasn’t on there. I got in touch with Alesia from Team Lally, and she helped me out. I enjoyed working with them, and I would do it again!"

Have a Question? Ask & I'll Answer It With A Video

Sleep Mistakes You Don't Know You're Making

What Is the No. 1 Mistake That Investors Make?

Oahu Housing Crunch Eased by ADU's

Team Lally Father's Day Special with Retired Fire Chief Attilio K. Leonardi

What do Cap Rates Have to do with Investment Properties?