[Note: I wrote the email below to the Silver Lake neighborhood council, which is debating whether to support the gang injunction proposed for parts of Silver Lake and Echo Park.] To whom it may concern: I write to set out some experiences I’ve had in renovating an apartment complex on Silver Lake Blvd in hopes that they
A lot of people think I hate rent control. Not true. My feelings are conflicted: 1. I think society ought to do something to help the poorest among us afford decent housing; 2. The way LA does rent control is suboptimal, because: (1) it’s not means tested, so many beneficiaries are not particularly poor and
Thought you might like to see what 1920s buildings look like when you rip them open. When I say we gut our projects, I mean it.
This site is 99.9% for owners. But, because I’m always looking at rents in different neighborhoods, I sometimes come across very good rental deals. The one I’ve linked to below isn’t one of our buildings (otherwise, the rent would be higher!). It’s a huge apartment, with loads of parking, W/D, etc. in a fourplex in
We finished selling the Better Dwellings portfolio in December. I have been dealing with getting all of the cash out to the investors, closing the entities, providing a final accounting, etc. This has, of course, occasioned some thinking about our strategy during 2008-2010, when the world was falling apart. Here are some of the lessons