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Attention Investors!
Have you heard? The influx of tech and new media talent is sending rents through the roof in Silicon Beach and surrounding Beach Cities.
Driving the activity are the high salaries paid by tech companies in the area, generally in the $150,000 to $350,000 range. While many of these employees are candidates to own homes, many are relocating from other areas because our tech ecosystem is so young. These relocating workers and executives will pay top dollar for a nice place to land for a year while they learn about our community. Bonus! They are generally too busy working to throw parties or even move at the end of the year.
Whether your interest is to own Silicon Beach multi-family properties or single-family properties to rent, Tracy Thrower Conyers and her team at Silicon Beach Properties have their collective finger on the pulse of Silicon Beach’s neighborhoods and we know where and why renters will pay the highest rents.
Tracy is a former practicing attorney and very comfortable discussing 1031 exchanges, tenant in common (TIC) investments, real estate investment trusts, exchange intermediaries, and investor financing.
If you’re selling investment property in Silicon Beach, Tracy can help you evaluate a wide range of creative offers and can market your property publicly or confidentially.
Additionally, Tracy keeps tabs on the ever evolving Short Term Rental (“STR”) ordinances.
Once you buy your Silicon Beach investment property, Tracy and her team can help you with leasing services and finding a reliable property manager.
Is flipping properties your primary strategy? We are watching for these opportunities all the time.
Silicon Beach will remain a great place to buy and sell real estate for the foreseeable future.
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