Results for ‘Development’ category

How we forecast the rents

One of our key advantages in this business is our ability to accurately forecast rents for renovated units. We’ve previously discussed the importance of this skill: It’s understanding the rents that allows you to properly underwrite deals. We are able to do such accurate forecasting because we are constantly leasing renovated units in the neighborhoods

Another trip to SF and why I hate setbacks

Just got back from a trip to NorCal, during which I drove through San Francisco twice. Could not stop staring at the buildings, which are generally built all the way to the lot lines in the front and on the sides of the parcels. It’s just shocking how much better a city looks with no

A little taster from the front lines of LA’s parking wars

If you’re wondering why we have a shortage of housing in Los Angeles, I’m here to shed a little light. We recently bought a duplex with the plan of adding a second story and two more units. This is exactly the type of deal the city should love: We’re adding additional housing to a neighborhood

The two sides of our business

One of the weird things about our business is how different it looks to Jon and me. On my end, most deals are almost abstract. I can tell from the location, the building, the existing rents, and the price whether we can make money and how much. For me, then, it’s mostly about passively looking

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