Tuesday, December 05, 2006

Condo conversions ease region's rental crunch

Angela Paradiso is a small real-estate investor who owns three condominium units: two in downtown Orlando and one in Altamonte Springs.

She has tenants in all three and charges "very competitive rents," she says, "because I want to keep them occupied."Paradiso is part of a shadow rental market that has sprung up in Central Florida among the tens of thousands of apartment-to-condo conversions that have flooded the local market during the past three years.

Click title to read rest of story.

No comments: