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.) … Continue reading “Want to see what we make?”

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:

Navigating the broker/principal divide

One of the weird things about our business is that I am both a broker and a principal investor. That means I look at deals for other people and for myself. Who cares? Other brokers. Brokers make money as middlemen. Their goal is to know who’s selling and who’s buying and match the two together. Simple, … Continue reading “Navigating the broker/principal divide”

Fee for services

Lately, it feels like we’re spending a lot more time speaking with potential partners about fee-for-services deals, rather than straight brokerage. What do I mean by “fee for services”? Jon and I have relationships with certain investors where we help them buy and renovate apartment buildings in exchange for brokerage fees and cash payments from … Continue reading “Fee for services”