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Old March-28th,2008, 03:07 PM
LBResort3 LBResort3 is offline
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Long Beach Resort

Stylz,

Got your e-mail about LBR. Will use this thread to answer. The info on property taxes and insurance can be answered by a real estate agent when you ask about the condos. In the past year the property taxes at LBR have gone down because of comps and pressure on the tax appraiser. As to management fees, LBR has lower fees than most of the new units. There is a discussion as to the new projects: will the few condos that have closed have to carry the management of the properties until the rest are sold? On several of the projects the pools do not belong to the common property and the developer will charge the association what they want for operating the pools.

As to rentals, there are several companies and individuals that handle units for out of town owners. They charge a 20 to 35% of gross rents. There is also 10.5% for various sales taxes that comes out of the rent.

Some things to look at in buying a condo: parking, pools and sun exposure, number of deck chairs around pools to number of condos, number of elevators to condos, location on the beach, and the most important, the view from the condo.

If any one has more questions, reply and will answer as time permits.
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