Results for ‘Property Management’ category

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

229 S Avenue 60 is done

Thought you’d appreciate seeing pics of our latest project, a seven unit building on Avenue 60 in Highland Park. The units are pretty awesome and come with lots of parking. Best of all, they’re walking distance to all the interesting galleries, bars, restaurants on Figueroa. There’s a one bed at and six three beds at

363 S Leslie is fully leased

You may remember 363 S Leslie, a 4plex we recently completed in Highland Park. Here’s a pic to jog your memory: Am happy to report that leasing is done. Better yet: Our rents came in materially higher than we originally pro forma’d. So, instead of the 6.3% unlevered yield we expected out of the property, I

AirBnB in Silver Lake

Spent a bunch of time yesterday arranging an AirBnB for my parents, who are coming to LA for six weeks this spring. What does this have to do with a multifamily blog? A lot. The pricing for stand-alone, decent 1/1 – 2/1 houses is in Silver Lake is basically $3500-4000 / month. That compares with

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