How a Florida real estate company that specializes in the sale of condos and apartments, known for its deals that include a one-year rent, has found a way to capitalize on an earthquake.
A local real estate broker, Brian Mertz, has built a company that offers a leasing service that includes a one year rental agreement.
A few weeks ago, a major earthquake hit the city of Fort Lauderdale, and Mertzz decided to capitalize.
He sold condos at a discount, and rented out units for a year.
This resulted in the construction of a hotel at the site of a historic mansion and the creation of a new business called the St. John’s Housing Company, which Mertzon said will create more than 5,000 jobs.
The company is in the process of creating a second hotel and apartments on the property that were previously vacant.
The firm, Mertzo Real Estate, is one of many real estate companies that are doing business in the wake of the Florida earthquake.
The city of Gainesville is a prime example.
The earthquake hit a little after 8 p.m. local time, with the temblor registering at 7.3.
The US Geological Survey has placed the quake at magnitude 7.2.
The Florida Department of Economic Opportunity and Trade says the damage could cost as much as $4.5 billion, with an additional $5 billion to $6 billion needed for recovery.
A major part of the property is still standing, with most of the structures destroyed or destroyed by the earthquake.
There are currently five properties at the former St. James mansion, the tallest structure in Gainesville, which was built in the early 1800s.
The St. Johns’ house, which is one the tallest structures in Gainville, was once home to more than 60 people, according to Mertzone.
Mertzos sister, Jennifer Mertze, who lives in the home, said the family had been paying rent on the house for more than two decades.
The building is now being renovated and the family has leased out units to people who rent them out, Jennifer said.
It is a very expensive rental for us to live in.
We can’t afford it, but we want to give back to the community, Jennifer added.
Mertz said the real estate market in Florida has been hot lately.
Florida saw an uptick in activity and people were seeking new places to live.
Many of those homes are located in Florida’s metropolitan area, which has seen more earthquakes in recent years.
In Florida, there were nine earthquakes in the past month alone.
Mere weeks ago there were 11.
There have been some changes to the rental market in Gain, Merton said.
There are more rental units being offered to people in Gain than in any other part of Florida, and that has led to more rental properties being offered.
The real estate industry is booming in the state, and the rental business is booming as well, Mercz said.
He said he expects that demand to continue to grow, particularly with the new condo and apartment boom.