Results for ‘Uncategorized’ category

Where our tenants are coming from

Regular readers know that I approve all of our tenants personally. Why? Well, I’m the one who’s going to have to deal with going to eviction court if they turn out to be screw-ups, so it’s best that I sign off on them upfront. But there’s another reason, too: Reviewing all the tenant applications gives

Why the zoning matters, even if you’re not building

Have been spending some time looking at new neighborhoods around LA for possible investments. Many of the areas I’m reviewing were developed later than the areas in which we’ve traditionally done business. Because they were developed later, when zoning codes were better established and enforced, the apartment buildings I’m reviewing tend to be grouped near

The LAW has not been repealed

Was talking to someone yesterday regarding the frothy pricing in the LA market. She made the reasonable observation that pricing in big city markets seems to be on a long, one way rise. This is a version of an argument I hear a lot: Millennials don’t want to move to the suburbs, because they prefer city

Who benefits from the demise of department stores?

Do you know who is in the cat bird seat right now? Entrepreneurs with retail concepts that require very large spaces and have the ability to drive customers themselves, without need for “walk-in” traffic. Why? Well, retailers are generally getting slaughtered right now; who wants to go to the mall when Amazon will deliver whatever

Why I dislike unpriced deals

Recently, I’ve noticed a lot of unpriced listings coming on the market. By “unpriced”, I mean properties where the Seller is basically saying “I want to sell, but I’m not going to guide you to the price I expect”. I get why sellers do this… they aren’t sure what their property is worth and they don’t

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