Crystal Coast Rentals

Well just the other day I learned that the Pebble Beach HOA has decided to have Emerald Isle Realty manage the condo complex. This came as quite a shock to me since Bluewater GMAC had been managing this complex for years. Sure seems odd to me. I wonder what could have went wrong there. Did Bluewater decide it wasn’t profitable enough, or was the HOA unhappy with the way things were being handled?

I always thought Pebble Beach was well maintained, of course I only drove in and out occasionally. Perhaps property owners felt a little differently. The landscape around the complex and it’s common areas always had a well manicured look to it. The pools here always looked so inviting to me. So its hard to tell whether or not it was the HOA who decided to change managers.

Of course there is always the possibility that Bluewater deemed it unprofitable for them to manage this property any longer. Although, I find that hard to believe since I’m sure their management fee was quite nice chunk of change. But I guess once you factor in employee pay, materials, and other overhead you reach a break even or loss point pretty quickly.

Well whatever played out, I would like to wish the Pebble Beach HOA and Emerald Isle Realty the best of luck in their new partnership. Emerald Isle Realty is a class act, staffed with some really nice folks who do a great job.

And I’m confident Bluewater will find other condo complexes to manage, or they may be trying to get away from that segment of the business. I can only guess. Nonetheless, I wish them and their staff the best of luck as well.