Results for ‘Property Management’ category

Down on emotional support animals

In today’s edition of Property Management Chronicles: Had two tenants in a unit They applied with no pets Decent-to-good credit, real jobs, etc. After approving them, they showed us paperwork for their three emotional support pitbulls No wanting to get in a huge fight, we let them in For the entire length of their tenancy,

Unsolicited advice for owners of non-RSO buildings

Owners of non-rent stabilized apartment buildings in Los Angeles with rents below market (eg most of them) ought to be considering their options in light of the likely repeal of Costa-Hawkins. Two obvious courses of action: Sell now, while the market continues to (mistakenly, in my view) place a premium on non-RSO buildings; or Immediately

Why the Fed’s growth forecast matters

If you follow macro-economic news, today was a big day. In addition to raising short-term interest rates, the Federal Reserve bumped up its estimate for economic growth in 2018, from 2.1% to 2.5%. The question for LA landlords is whether this increased growth rate will result in additional jobs / wage growth. Why should landlords

My on-going pain in the ass

In general, I find managing apartments to be the most painful thing we do. No one calls up his landlord to thank her when everything is great in the apartment. But when something goes wrong, it’s like you just killed the person’s dog. So, why do we continue to manage, rather than outsourcing? Well, the

Getting sick of crime again

In theory, I am a fan of reducing the number of people in prison. In practice, I am getting pretty sick and tired of having tenants’ cars and mailboxes broken into. These are not crimes of impulse, like seeing a nice bike unlocked and riding away on it. If you break a car window or

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