Monday, May 21, 2012

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In 2005, Brendan Lee, LLC purchased a piece of property in Huntington Beach. It had 2 small houses and the Company intended to build and sell two 3000 s/f houses. Design work, permits and interviews of general contractors took sic months to complete. In January of 2006 Tom Stewart started construction. In less than one year, construction costs coming in under budget and the housing market starting to turn for the worse, we sold the inside lot and house. The corner lot was taking longer than expected to sell and in late 2007, the decision to start renting it out sounded more profitable. After interviewing several management companies, the clear choice was Realty Executives, Kristyn Tupper to do our managing of the property. She has done an outstanding job and mid 2011 the property has sat vacant for less than 30 days and changed occupants only 3 different times. This has been an outstanding piece of property and continues to pay for its monthly expenses.

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