We moved money from our general trust to a client's personal checking, entirely via our accounting department's computers. This new service means one less trip to the bank for owners who would otherwise be receiving a check in the mail with their monthly statement. Presently, more than 25 percent of our owners are taking advantage of the new technology. Because of this system's success, we are considering plans to make a similar service available to tenants. New electronic banking options make money transfers more efficient.
Economy continues to do well in California and on the Central Coast.
A California-West's Nipomo and Santa Maria properties are now being handled out of our new office, which is located at 327 East Plaza Drive, Suite 8, behind the Vandenberg Senior Residence. East Plaza Drive is one street south of Stowell Road and is accessible from either Miller or by traveling northbound on South Broadway. We look forward to better serving people in this area.