Results for ‘Property Management’ category

653-659 Silver Lake… leased.

We just signed the last lease on a 13 unit project on Silver Lake Blvd. Total time to lease up all of the units was 18 days, start to finish. Rents ended up averaging around 10% more than what we expected when we started the project last Christmas. Hat tip to Jon for his designs

Love that dirty water?

If you spend a lot of time in crappy parts of LA (like I do), you have probably noticed an odd kind of retail establishment popping up in low-end strip malls: Water stores. Here’s how these businesses work: They have a normal connection to the city water system They install a fairly expensive charcoal filtering

Silver Lake one beds – get ‘em while they last

Just opened a new project for a fee for service client on Silver Lake Blvd. Take a look at these units: http://losangeles.craigslist.org/lac/apa/4151779381.html I spent two weeks right before Christmas 2012 helping our partner close on what was a terribly neglected, blighted property in a great location. It’s amazing to see what Jon has done with the

Is a rent controlled tenancy an asset?

Interesting story from NY over the weekend about a court case which will determine whether a rent-controlled tenancy is an asset. Here is a simplified version: Woman in NYC has a rent controlled apartment She runs up large credit card bills She files Chapter 7 bankruptcy to get the creditors to charge off her debts

New units coming on line

We are just finishing a Silver Lake triplex we renovated on a fee-for-service basis for a very nice family. We put the upper two units online this weekend and we’re getting a ton of interest. Here’s the Craigslist ad. If you’re interested in an incredible, newly-renovated 3 bed / 1 bath apartment in the hills

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