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Whether you are looking at residential, commercial, or even industrial property, Miami Beach – surprisingly enough – comes out a real winner in the price per square foot category!

Even though the major competing areas (Brickell, Aventura, Bal Habour and Sunny Isles) are similarly priced, Miami Beach actually comes with a significant difference. Over a recent 30 day period, the square foot prices came in at $464 for Sunny Isles and South Beach – which technically is part of Miami Beach – came in at about $511. Yet , world famous for high end luxury and over the top dwellings, comes in at an almost paltry $418!

Is Miami Beach really cheaper to live at? It’s a numbers game. Because of the Beach’s fame and fortune, it’s the “it” spot to live at, and has been for decades. Housing prices soared through the roof and many people were paying grossly inflated prices for homes and condos. Then…the bubble burst and housing prices fell faster than a case of Grey Goose off a 10 story building.

People – even rich people – had problems. Many homes were just turned over to the bank because people refused to pay for a mortgage that was more than the house was worth.

As these houses were foreclosed on, shorted, and resold, the newly established price per square foot became indicative of the drop in values in the local market. Surrounding areas like South Beach and Sunny Isles were a bit luckier because their housing prices never rose to the level of Miami Beach and as a result, the housing bust had less impact on their values.

The highest price per square foot south of West Palm Beach was a condo in Bal Harbor, at $642 a sf.

No matter how you do the math, Miami Beach has turned into quite a bargain.

Sunny Realty of South Florida features technologically advanced and Internet savvy realtors. They specialize in Sunny Isles real estate, Miami Beach luxury real estate and luxury condominiums. SunnyIslesMiamiRealEstate.com provides instant access to the best in Miami Beach condos.

Modest Mouse – Beach Side Property

Investing in real estate can be a big gamble, especially in today’s economy. Not only do you have to worry about tenants calling you in the middle of the night, but you also have to constantly repair the property and make it enticing for the next wave of tenants to wreck it. Running a property management company can solve the headaches. Read on to find out if this entrepreneurial venture is right for you.

By owning a property management company you get all of the upside about rental property without the huge overhead of actually owning the properties. You agree to manage all of the debt collection, screen potential candidates, and facilitate the repairs between the tenant and the handyman that works for you.

You will get a percentage of each month’s rent for handling the property, usually 10% or more, which can develop into a sizable income if you manage multiple properties at once. You will not need to do the repairs yourself, and all repair bill will be paid by the property owner. Here is the beauty of the situation; you get paid the same every month as long as the property is rented. The owner’s income goes up and down depending on what had to be fixed that month. You always get paid first even though you don’t even own the property.

You will have to go through a few evictions, but the cleaning and process server fees are all on the owner. Again, you get the same amount of money every month as long as the place is rented. As you can see, owning your own property management company can be a very successful entrepreneurial venture.

Joshua Black is an on-line infopreneur, marketing consultant, copywriter and educator dedicated to helping the bootstrapping small business owner succeed.

Visit his flagship resource site for entrepreneurs at http://www.UnderdogMillionaire.com for the free Underdog Millionaire Wealth Pack: including a free e-book and daily wealth building tips for the bootstrapping small business owner in the areas of sales, marketing, motivation, product creation and more.

Property Management Inc.