According to the business dictionary an asset is defined as something valuable that an entity owns, benefits from, or has use of, in generating income.  In the property management and landlording industry there are certainly a big list of items that should be copiously tracked to ensure the best management.Important items to track when managing assets: Purchase date Maintenance and repairs Warranty repairs Moving items from one property to another Billing the tenant if appropriate Physically identifying and recording a serial number or other identifying feature of the item Tracking assets using a good property management software is the easiest way to keep tabs on your assets. Some of the items to consider when tracking and managing your assets include the following five items.1. Asset ... 02/24/2014

As a landlord if you find yourself in a situation where your tenant is not paying rent on time, immediately initiating legal action is a must. Legal action must be taken to avoid months of lost rental income.It can really be frustrating if your tenants are not paying their rent on time. You may want to knock hard on their door or feel like shouting to pay their rent. But, this is not be the best scenario. There are ways that you can properly recover your lost income from your tenant and still remain a professional rental owner. ●       Record all your tenant’s late rental payments and give them notice in writing          Keeping a detailed record of your tenant’s late payments can easily be done with good property management software. Property management software enables you to easily s... 02/20/2014

2/18/2014 The following properties are facing foreclosure by their respective lien holders. 15 Kulanihakoi street #1B Kihei HI 96753 Halekala Garden's 2-3-9-044-042-0002 for the sum of $182,111.00 with a thirty to ninety day right of confirmation hearing to follow. The property reverted back to the bank. 35 Walaka Street Apartment # Kihei, HI 96753 Kalama Terrace for the sum of $200,489.11 with a thirty to ninety day right of confirmation hearing to follow. The property reverted back to the bank. 02/18/2014

I just closed this home last Friday at 44 Koki Pl. in Kihei Maui.  A house and cottage with in walking distance to the beach. What was great about this home was all the storage that the buyer was happy about. Closing at $520,000 was a great value for a house and cottage in Kihei Maui.   If your looking to purchae a home in Maui. You can search all homes island wide from my website at nickensmaui.com.  If your thinking about selling your home on Maui? Visit why list with island Sotheby's and experience the difference with listing with an international real estate firm. My name is Steven Nickens Maui's been my home for 41 years, 20 years Maui Realtor, so give me a call with all your Maui real estate needs . 02/15/2014

Kamaole Sands Kihei Maui Condominiums. If your looking for a popular island destination with great beaches, shopping and close to world class golf courses, then Kamaole Sands condominiums might be the right location for you. Located with in steps to world famous Wailea Resort, with out the high prices, great shopping and dinning. There are a number of units with quality remodels and furnished to give you the island getaway experience your looking for on Maui. You can search all active condos for sale in Kamaole Sands from my website. There are also a number of great oceanfront condos in Kihei currently for sale, like Kihei Beach oceanfront condo and Menehune Shore Beachfront condos, so check it out on line. My name is Steven Nickens, Maui has been my home for 41 years, so give me a cal... 02/10/2014

Kihei Craft Fair - open every day on South Kihei Road You can't miss it when you're driving on S. Kihei Road, on your right heading south.  It's near the Azeka Shopping Center and there's plenty of parking in the gravel lot next door.  What a great place to find souvenirs and trinkets, aloha wear and fresh veggies and fruits too.  Have a drink of coconut juice right out of the coconut.  Watch tiki carvings being made right here! Prices are good and if you want to negotiate, give it a shot.  You'll soon find everything you need to buy on your Maui vacation.  Decorate your new Maui condo for cheap! Shop online for Maui condos for sale - search Maui MLS here If you're thinking about buying a home on Maui, you can get help from a friendly local Realtor who knows the territory and can get yo... 02/06/2014

Maui Kamaole Condominiums in Kihei Maui Maui Kamaole is located across the street from one of Kihei finest beach parks Kamaole lll. You will enjoy each condo unit offering spacious living with in walking distance to Wailea Resort. For more information on Maui Kamaole you can visit my website at nickensmaui.com to view all active units for sale.   If your looking at buying a condo in Kihei Maui can search all homes and condos for sale island wide in places like Hoollei Wailea to Kapalua Maui for custom luxury homes. My name is Steven Nickens, I work with Island Sotheby's Int'l Realty. With 41 years on Maui I know this island well so give me a call. Aloha,   01/28/2014

Maui Hawaii South Shore Condo Listings Newsletter - January 2014Market Update:  Happy New Year and I hope it's a good one for you so far.  The year end statistics are in for Maui County so let's take a look at what's happening.  Condo unit sales increased overall in 2013 over 2012, and in the South Maui market that was about 7-8%.  Kihei condos showed a 15/17% average/median price increase in the past year while Wailea/Makena condos showed a 30/47% increase in average/median sales price.  Total dollar volume was also up, with a 24% increase in Kihei and a 40% increase in Wailea/Makena.  Increasing sale prices have led to more inventory coming on the market.  Things are looking really good for sellers and buyers right now.   What's new on the South Shore? Makena Sunset is a brand new 4 u... 01/24/2014

1/21/2014 The following properties are facing foreclosure by their respective lien holders.  3740 Lower Honopiilani Road G 106 Lahaina, HI 96761  2-4-3-006-004 sold for the sum of $422,974.06 with a 30 to 90 day right of confirmation hearing to follow. Property went back to the bank.  271 Palima Place Kihei, HI 96753 Maui Lani Terrace 2-3-9-036-019  sold for the sum of $501,000.00 with a 30 to 90 day right of confirmation hearing to follow. Property went back to the public. 96 Makena Road B-207 Kihei, HI 96753 Makena Surf 2-2-1-007-095-0015  sold for the sum of $2,000,000.00 with a 30 to 90 day right of confirmation hearing to follow. Property went to the public.  01/21/2014

  There are some quality oceanfront condominiums in Kihei Maui.  You have the Mana Kai which is an amazing oceanfront property in Kihei.  Life on the beach isn't to bad.  Get up in the morning and enjoy a good cup of coffee and enjoy watching the whales swim by, not to bad. Other popular beachfront condominiums include the Royal Mauian and places like Kauhale Makai. So if your looking to buy a condo on the beach check out my website at nickensmaui.com. From my website nickensmaui.com you can search for real estate in Wailea, Kihei, Kaanapali, Upcountry to Kapalua Maui. I have represented buyers and sellers island wide, working out of our three Sotheby's offices.  Island Sotheby's International Realty has offices at The Shops of Wailea, Upcountry Makawao and Napili Plaza to best serve yo... 01/13/2014

It will pay to stay on top of the game this year, every year really, but the IRS is increasing fines for late and non-filers even more this year.  It's time to start thinking about this now and make sure you have the proper TIN (Taxpayer Identification Number) on file.  The TIN is an individual's social security number (SSN) or a business's employer identification number (EIN). At Rentec Direct's blog I highlight why Filing 1099-MISC forms for owners and vendors electronically is simple and cost effective to file them electronically through Rentec's software.  The 1099-MISC form is pretty simple with just a few fields; however, accuracy is key.  One tiny mistake can cost you a lot from the IRS, not to mention inconveniencing your client if they rely on the information (most do).  The IR... 01/07/2014

1/07/2014 the following property faces foreclosure today by their respective lien holders.  The auction will take place at 2145 Main street Wailuku, HI. 96793 at noon at the court house steps Haopili Hale 168 Kupuna St Kihei, Hi 96753 for the sum of $000,000.00 with a thirty to ninety day right of confirmation hearing to follow. Property was converted back to the bank. Postponed until Friday February 7th 2014, 12 noon 01/07/2014

12/06/2014 the following property is facing foreclosure this afternoon by their respective lein Holders Auction to take place at 2145 Main street Wailuku, HI. 96793 at the steps of the courthouse Haopili Hale  2777 South Kihei Road A211 Kihei, HI. 96753 for the sum of $798,150.00 with a thirty to ninety day day right of confirmation hearing to follow. Property revert back to the bank.  01/06/2014

 kihei oceanfront condos The Royal Mauian Oceanfront Condo Report 2013There were only three units that sold in Royal Mauian in 2013.  The average list price was $1,261,000 and average sold price came out to $1,203,000Royal Mauian unit 611 listed at $1,260,000 and sold at $1,175,000.   806sqft livingRoyal Mauian unit 202 listed at $1,325,000 and sold at  $1,210,000.  1324 sqft livingRoyal Mauian unit 114 listed at $1,200,000 and sold for $1,225,000   806 sqft livingCurrently there are three units for sale in The Royal Mauian oceanfront condominium.  The Royal Mauian is the queen of the coast in Kihei Maui.  If your looking for oceanfront properties in Kihei and Wailea Maui you can search all oceanfront condos in Maui from my website.From my website nickensmaui.com you can search for real... 01/05/2014

1/3/2014 The following properties were foreclosed upon by their respective lien holders.  800 Hoomau street Wailuku, Waiehu HI 96793  for the sum $248,300.00 bought by public 1050 Eha St 24-204 Wailuku, HI 96793 for the sum of $142648.91 bought by the public 2191 S Kihei Rd 1122 Kihei, HI 96753 Maui Vista  Postponed until further notice. 2895 South Kihei Road unit 202 Kihei, HI 96753 for the sum of $216751.00 bought by the public 365 Hale Kai street Kihei, HI 96753 for the sum of $640000.00 taken back by the bank.  01/03/2014

How much would you spend for a tear-down beachfront home in South Maui? There aren't a whole lot of run down beachfront homes in Kihei and Wailea/Makena, so when one comes on the market it's a great opportunity for somebody to build their own oceanfront dream home. Would you spend $11.9M for a fixer upper house and cottage with sand out front?  A recent closed sale on Keawakapu Beach in Kihei is worthy of a blog post, as that was the sale price.  This is prime luxury real estate for those who can afford it.  Hey, maybe it's just a year-end tax write off. 3116 S. Kihei Road closed on December 30, 2013 for $11,900,000. after 329 days on market.  Down from the original price of $13,900,000.  Just a humble 3BD/2BA home and a detached 1BD cottage on .8 of an acre, but it's all about location... 01/02/2014

The Mana Kai Oceanfront Condominium in Kihei Maui Mana Kai condominium is at the gate-way to Wailea Maui.  The Mana Kai offers exceptional pristine beaches and pool area to relax and enjoy your Maui vacation.  You can also visit the 5 Palms Restaurant for a sunset dinner.   The views from each unit offers excellent views looking towards Makena Maui. If your looking at buying a condo in Mana Kai, you can view all active units currently for sale.  You might be thinking about buying a condo or home in Wailea or Kihei Maui?  You should talk to a lender first to get pre-qualified. This will put you in a stronger position if your thinking about writing any offers.   You can search for all Maui reale estate island wide from my website. If you happen to be thinking about selling your home or co... 12/28/2013

This year filing 1099-MISC forms for owners and vendors electronically is simple through Rentec Direct. There’s no need to re-enter data or pay a tax adviser to file these forms because it’s very simple and extremely cost effective to file them electronically through Rentec Direct. Rentec provides full e-file functionality with the IRS as well as mail out, as necessary, paper copies to the recipients and states. Every working American has to file taxes and for property managers and landlords it can be a daunting task.  For full details on how to prepare and execute your 1099-MISC filing please visit Rentec Direct's Blog 1099-MISC Electronic Filing Pricing is handled through an IRS Approved 3rd Party who will bill separately for the service. Prices can be seen belowt and vary from $1.25 ... 12/17/2013

12/16/2013 the following properties are facing foreclosure today by their respective lien holders. At the Haopili Loa hale courthouse steps. NOON  Please call or text for further information. 17 Jillian Lane 514 Lahaina, HI 96761 Maui Hawaii for the sum of $268,000.00 with a thirty to ninety day right of confirmation hearing to follow. Sold back to the bank.  140 Uwapo Rd 27-206 Kihei HI 96753 Maui Hawaii for the sum of $153,000.00 with a thirty to ninety day right of confirmation hearing to follow. Sold to the public.  841 Laalo Street Lahaina HI 96761 Maui Hawaii for the sum of $000,000.00 with a thirty to ninety day right of confirmation hearing to follow. Sold back to the bank. Postponed until February 2014  12/16/2013

I've been a landlord for around 8 years now (kind of a newbie still) and my husband and I manage all of our properties and our biggest challenges so far (luckily) have been; placing tenants and collecting rent.  The best advice I can give about placing tenants is to absolutely be sure to do tenant screening.  Today however I'm going to focus on collecting rent.I know I'm not the only one out there that gets a nagging feeling when the beginning of the month rolls around.  We pro-rate rents so they are all due on the first, with a 3 day grace period.  There's the select few tenants that pay on the 1st. The remainder tend to push that grace period to the limit and come in on the 3rd or 4th of the month.  The whole time I'm worried if they will be able to pay the rent this month.  If the 5t... 12/11/2013