The Real Deal Miami

Rising rentals fuel Palm Beach firm

January 03, 2011 03:31AM

Damien Barr had been buying homes for investment until he realized
that every property he bought was soon in demand from renters. Last
year, Barr and Fite
Shavell’s Wade Shavell
opened KangaRent, a firm focused only on
rentals. The firm is based in Palm Beach Gardens with its office in the
Downtown at the Gardens center. KangaRent represents owners looking for
renters and would-be renters looking for homes. Landlords pay KangaRent
in one of two ways — the equivalent of one month’s rent or 10 percent
of the annual lease. After starting with six agents, the firm now has 30. [Palm
Beach Post]