Results for ‘Uncategorized’ category

Here’s an email I got yesterday

Hi Moses and Jon- My boyfriend and I are gearing up to move into a 1 or 2 bedroom apartment in the Silver Lake/Echo Park/Los Feliz area.  We’ve spent the past couple of months looking at apartments to get a feel for what’s out there, and every time we found one that we liked, we’ve

Adding density without changing LA (too much)

Rapidly rising rents over the past 3-4 years have sparked a lot of conversation about the effect of housing costs on poverty rates. We are pretty sensitive on this issue, because our business is basically about raising rents. But we and everyone else in our business are responding to market forces. Simply put: LA is

Accounting job opportunity

Apologies for the lack of posts this week… I’ve got a bunch of deals going at the same time and I’m swamped. But I do want to pass along this job opportunity: My CPA, who does a lot of work for real estate people, is looking to hire a full-time bookkeeper to work with him

An irritating appraisal issue

As discussed yesterday, we’ve recently run into some issues with appraisals. The most irritating issue is a deal where the appraiser has totally botched his estimate of market rent for a vacant unit in the subject property. The unit is an 800 sq ft, 2 bed / 1 bath, standalone house with parking in Mid

Using a little leverage

Regular readers know I’m not a big fan of leverage. Yes, it has the ability to dramatically improve your results in upside scenarios. But I got started in this business during a total wipe-out and I’m determined not to expose myself or my investors to any real risk of losing properties in the event of