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Assume you own a three unit apartment
building. You are willing to accept property, provided the property is
in your Iocal community. You have broadened the market for your three units
by your willingness to accept property in your community. Your area preference
will be somewhat of a limiting factor. If you would consider property anywhere
in your county, there would be more takers. If you would consider property
anywhere in the state, there would be even more takers, and for property
anywhere in the country, many, many more takers. If you are offered income
property some distance from where you reside, then it is necessary to locate
suitable property management. There are real estate Agents who specialize
in managing property for other people and do not engage in the typical
brokerage functions of buying, selling and exchanging real estate.
Ed Arnett or Bill Broadbent, S.E.C.-CCIM
1380 Broad St., San Luis Obispo, CA 93401-3910
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