Results for ‘Property Management’ category

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

Why we love (our) property management business

A lot of people in real estate HATE residential property management. Why? Tenants understandably¬†get pretty upset when they’re paying good money for an apartment and things break. And, on the flip side, no one calls up her landlord when things are going great and says “Hey! Thanks for my apartment! It’s wonderful!” So the business

Dealing with tenant mental health issues

In light of the UCLA shootings, thought I’d spend some time today writing about an under-appreciated problem in property¬†management: Dealing with tenants with mental health issues. If you supply rental housing in Los Angeles, your tenant base will skew towards people in their 20s and 30s. Unfortunately, the mid 20s is usually the time in

Dealing with leasing anxiety

We’re going through a period of intense leasing, with multiple new buildings opening up over the course of, say, 3-4 months. Long term, this is a good thing. It means we’re finishing projects we started, in some cases, years ago, fulfilling the promises we made to investors. And, in a lot of cases, it means

The money coursing through Adaptive

Yesterday, in the afternoon, I signed seven new residential leases for an average of roughly $2500 / month. It got me thinking about how weird it is that we consider leases on a monthly payment basis and about how much money is actually going through our office each month. After all, those seven leases represented

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