News about properties and real estate
Tower Realty Partners is one of region’s most active investors [Central Florida]
Cliff Stein and Reid Berman have a ritual they follow when they’re considering a real estate investment.
“We try to talk ourselves out of it,” Stein said. “We poke around and look for negatives. If we can’t talk ourselves out of it, we go ahead.”
That conservative approach has apparently worked for the duo, longtime investors in the Central Florida market.
Knowing what they want, learning the rudiments helps a couple find their sunny corner of Dorchester
My fiancée, Lauralee, and I wandered through the newly renovated condo, peeking into each empty room. Sunlight bounced off the shiny hardwood floors. The walls and trim were freshly painted in coats of ivory and beige. The place was churchlike in its quiet — no squeaking floorboards, no sound from the neighbors. I forgot that we were in Dorchester.
I imagined putting groceries in the stainless-steel refrigerator, and Lauralee cooking stir fry on the jet-black range atop the gleaming chrome oven. I pressed my fingertips against one of the black countertops. The surface was cold, and I could see my reflection.
Investors: Smart money’s on Midwest
Real estate has risen on the coasts but been slow here. Rents have grown slowly everywhere. Where would you rather be a landlord?
The California real estate boom, the IRS and the Internet are combining to raise commercial property prices in Wichita.
Investors in California, Florida and other hot real-estate markets are looking to Wichita and elsewhere in the Midwest for better returns on their money.
Protecting your equity from lawsuit damages
Southern California has become a land of paper millionaires, thanks to extraordinary housing appreciation. Nowadays, there’s more to lose if someone sues.
Homeowner’s and auto insurance policies cover only so much. A major tragedy or catastrophic accident threatens a financial nightmare. What’s at stake? The biggest asset of most homeowners — the house.
“We live in a very litigious society,” said Tully Lehman, of the Insurance Information Network of California.
Full-court press vs. poor tenants
Landlord buys rundown buildings then goes after regulated apartments
The Pinnacle Group LLC has filed more than 5,000 Housing Court eviction actions in the past two years, court records obtained by the Daily News show.
That’s an average of one court action for every four units that the company owns in the city.
New Monroe doctrine: Find more housing
People are fleeing the Keys, and it’s not because there’s a hurricane coming. There are few affordable places to live, and a task force is working to stop the exodus.
Southwest Florida residents don’t need to look far to see what can happen when housing prices escalate beyond the reach of all but the wealthy • The Florida Keys has struggled for years to attract and keep workers and families who simply can’t afford to live there • Daily News reporter Riddhi Trivedi-St. Clair spent several days in the Keys exploring how the problem developed, its effects on workers and businesses — and what people there are doing about it.