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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (7314)	12/12/2002 7:49:06 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 306849

Marina del Rey is a forest of condos that are 28% owner occupied. In California, Los Angeles especially, owning condos as rental property offer investors many advantages over apartment buildings. a) Tenant turn-over in Marina del Rey is high which makes it easier to keep rental rates close to market. b) There's many management companies in the neighborhood to handle day to day problems if you choose. c) In many areas condos are exempt from rent control. d) Apartment building owners with more than 4 units must pay for an on-site manager. Own 10 or 70 condos in the same building, yet you're still exempt from this requirement. Marina del Rey demographics tierraproperties.com