“Hey Jacob. What did we get for the last 2/1 we rented at X?” I think I ask that question of Jacob, who runs our management business, 4-5 times per week. Why? Because we’re constantly recycling the market information we glean from leasing back into our acquisitions underwriting. The go/no go decision on each deal is
Our local artists graced us with yet another of their masterpieces yesterday. You have to be a real genius to destroy your own neighborhood, huh?
Am traveling right now (to attend my father’s retirement party – 43 years teaching at RPI!) so am going to keep this brief. Santa Monica is close to passing a law that would effectively ban sh0rt-term rentals where the owner of the property is not present. So, basically, you can rent out a room in
As our management company grows, I’ve been doing a lot of thinking about how we affect the communities in which we work. Obviously, property management companies don’t have great reputations. Most people would probably prefer to rent from a nice, local mom-and-pop type who might occasionally forget to raise the rent, instead of a faceless corporation
Was speaking with an applicant for my as-of-yet-unfilled assistant position yesterday and heard an interesting theory. Her argument was that many of the creative types who have been living in Brooklyn over the past 5-10 years are moving to LA. Ordinarily, I would ignore this kind of observation… after all, it’s not exactly backed by