We know most of our tenants, in that they are all prior tenants or families of prior tenants. We also have a good turnover of landlords who become sellers and tenants who become buyers. Many of our buyers are former tenants. With Manhattan only 90 minutes away by N.J. Transit, many people are taking advantage of the lower property taxes in Bay Head, Mantoloking and Lavallette and are opting for the Shore lifestyle year-round. With so many people indulging in vacation living throughout the year, security is less of an issue than in strict vacation communities, where neighborhoods become all but deserted at certain times in the year.
People feel safe leaving their homes for periods of time.