Condos regain their health

Here's another sign that the Gulf Coast real estate market is healing itself.

More condo residents are paying their homeowner association bills. “The big improvement is the receivables in those condos. A lot of the short sales are getting processed and units paying,” says Robert White, co-managing director of KW Property Management & Consulting.

“That's not just on the west coast, but that's across the portfolio,” White says. The Miami-based company recently purchased a building in Bonita Springs for its growing southwest regional office.

White has a unique perspective. His company handles property management for associations with more than 40,000 residential units across the state, in New York City, Nashville and the Bahamas.

While KW Property has a strong presence in Tampa and Naples, it is expanding on the Gulf Coast. “Sarasota is between our offices and that would be a big opportunity; I could see us picking up some business there.”