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About Santa Monica Canyon, North of Wilshire and North of Montana Real Estate Market
Our market is strong. We have enjoyed healthy appreciation. We anticipate a leveling-off of the rise in prices. There are neighborhoods that appeal to just about everyone. Our market remains strong in part, because of our diverse economy. As a Santa Monica homeowner, myself, I am confident that it remains one of the most effective investments I can make. The over $2,000,000 properties will probably level or even soften a bit in price. We expect the $350,000 to $999,000 properties to level or continue to appreciate slightly in the new year. The $1,000,000 to $1,999,999 range is expect to remain level.
Investment Real Estate >Rental Property
When you own an investment property, one of your goals will be to get the highest monthly rental with the lowest vacancy rate. How can you accomplish this?
It pays to keep your property in good condition while you are trying to rent it, as well as after the new tenants move in. You obviously want the property to look its best when it is being shown. If you work to keep it that way, your tenants are more likely to feel motivated to stay in the home.
When something needs to be repaired, be sure the tenants know whom to call to get the job done. Arrange for periodic inspections of the property to check for leaking roofs or pipes, defective wiring or malfunctioning appliances. If you are an absentee landlord, it makes sense to hire property management professionals to keep a close eye on your investment for you.
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| Q |
What has been described as the world's most beautiful building?
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| A |
The white marble Taj Mahal in India was built by the Mogul emperor Shah Jahan (1631-53) to enshrine his favorite wife. |
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