Discussion in 'Real Estate' started by Kurt Lischka, Nov 23, 2013.
Oh, but I thought they "owned" it?
Meanwhile they are signing up new rental properties every day. Makes me think this thread is sour grapes by a few who have "issues". Coondog you seem to mostly post anti-joe on here - what's the real beef?
they are part (main part ????)0f chateau 30a
And Magnolia PRC it appears.
Why not try reading the first quarter 10-Q, and the analyst reports that follow the company whom question their ability to manage the business. Revenues are down 10% across the board in rising market while they continue to liquidate assets. Finance 101.
They are managing The Pearl now too.
Have all the details now been worked out? Last I heard the paperwork wasn't signed because St. Joe wants to be able to manage Rosemary Beach home and condo rentals.
They've already taken over management of the Pearl. The company that developed the Pearl wasn't going to last long anyway as their business strategy is to develop and start properties like that and then move on. They may retain ownership of the property, but their not going to keep managing it indefinitely.
I would be shocked if JOE took over Rosemary Beach Rentals.
Not take over, just add rentals to their program.
I wonder what the HOA docs say about owners rights? Were the docs changed to allow restrictions.? Any Watersound owners out there?
I know the owner of Rosemary and he won't let JOE take over rentals. Thankfully. JOE might try and get rentals in Rosemary, but why would a Rosemary guest want to use the Warersound Beach club when they can just walk or bike to the beach...makes no sense to me.
Separate names with a comma.