Results for ‘Property Management’ category

An olive branch to the competition

For years, I struggled with whether I should keep writing this blog. On the plus side, the blog has introduced me to hundreds of people who became brokerage clients, property management clients and/or investors in our deals. On the negative side, I have educated a whole legion of people who compete with me for deals,

(Re)tenanting a vacant building

Regular readers know that we’ve renovated and re-tenanted something like 80 buildings over the past ten years. If you haven’t done this kind of thing before, you have no idea how complicated it is and how much can go wrong. Over 80 buildings, we have made every kind of mistake you can think of. We’ve

How we think about apartment design

When you’re designing apartment buildings, you need to resolve the following tension: You want the units to be cool enough to attract tenants today, while making them timeless enough to attract tenants for decades to come. We have settled on what I like to think of as “authentic Socal minimalism”: “Authentic”, because we avoid using

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

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