Charleston and Isle of Palms Real Estate Guide

EIGHT S.C. BUILDINGS BOUGHT BY A CHARLESTON SC REAL ESTATE AGENT

2006-04-19T15:04:00.000-07:00

The family of Richard Salamie got over two million for their Charleston SC real estate. They sold eight Charleston homes and a South Charleston parking lot. Darrell Rolston who is a Charleston SC real estate broker was the lucky recipient. According to Rolston, he has never bought properties in South Charleston until now. He has also expressed interest in the Plaza East shopping center which is on Charleston’s east end. The Charleston homes for sale that Rolston purchased contain a total of about 55,000 square feet and several storefronts on D Street were also obtained.
Advertising in the local newspapers is just part of Rolston’s strategy for finding tenants. He will also work closely with the South Charleston Convention and Visitors Center, as well as placing his own company signs in the windows.
Planning to use these buildings for commercial office space Rolston says, “He feels he can come up with a realistic rate for the spaces”. Besides a tenant paying for the utilities, insurance and taxes on their space. He figures five to six dollars a square foot is a fair price. All of the Charleston real estate was bought under the name D Street Limited Liability CO. that Rolston is the manager. The company also has a few silent partners.

NICHE MARKET – CONVERTED CONDO RENTALS

2006-04-18T14:01:00.000-07:00

Finding an investment is a giant move, especially if you’re looking to buy a condominium. This of course, is only the beginning. Now people who are looking for investment real estate in Charleston usually don’t plan to live in it. Unless you are using Charleston real estate agents, doing it yourself is going to take up a lot of your time. Just the normal tasks, such as collecting rent, making sure the property is being kept up, and not to say, having to find new renters if someone moves out.
Management teams handle things that come up for the apartment complex owners. It’s more of a problem for sole owners. With condominium conversations starting to surge for Charleston ocean front real estate. The number of individual ownership is on the increase. It’s running about one-quarter of every one hundred rented units that have been converted to condos are still rented out. Meanwhile, the people who are buying up Charleston ocean front real estate could be from anywhere and are only doing it because they are enticed by the strong local economy. What has happened is that a lot of the new owners don’t live here and have no connection with the Charleston area. So a niche business has been created, where companies manage condos rented out by there owners