Results for ‘Building Adaptive’ category

How we benefit from being local

Adaptive is a weird company, in the sense that we do a ton of deals in very small area (basically, from East Hollywood through Silver Lake, Echo Park, and over into Highland Park). Why do we limit ourselves like this? Surely there are other places where it’s easier to find screwed-up apartment buildings to buy…

Want to see what we make?

This blog is mainly about the rules and numbers underlying the Los Angeles apartment business. Regular readers know all about the whole process, from identifying deals, through renovating, leasing and management. I’m not going to sugar-coat it: This business can be a real slog sometimes. (All businesses are; no one gives you money for free.)

Adaptive investor letter

Thought everyone might enjoy a glimpse into how we handle investor relations here at Adaptive. Per the terms of the Adaptive Realty Fund 1 operating agreement, we are required to share quarterly financial reporting with our largest investor. In order to be fair to all of the investors, we decided to make the same financials available

When do you need a lawyer?

I spend an awful lot of time negotiating relatively small/low value agreements with other agents, tenants, owners, etc. Pretty often, I find myself drafting contract language, because the matter at hand is small enough that its not worth spending thousands of dollars on a lawyer. That’s obviously ok for my own deals. After all, I

As long as…

…people do things like this: http://losangeles.craigslist.org/lac/apa/3920818867.html …there will be work for Adaptive to do. Check out the remodeling choices (uh-oh). And the location (great). And now the asking rent (low). When I see something like this, I feel like this guy does in this situation:

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