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The forecast on our latest deal

As the economy has continued to improve, both nationally and here in LA, it has become harder and harder to find deals worth doing. That said, it’s definitely not impossible. Today, we are closing on a deal with the following characteristics: Currently a vacant triplex Paying $220 / sq ft Suitable for conversion into a

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Why we love (our) property management business

A lot of people in real estate HATE residential property management. Why? Tenants understandably get pretty upset when they’re paying good money for an apartment and things break. And, on the flip side, no one calls up her landlord when things are going great and says “Hey! Thanks for my apartment! It’s wonderful!” So the business

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Internship opportunity

We’re looking for a smart, motivated intern to come help us and, in the process, learn about the business. Tasks will include everything from filing, to arranging deliveries of construction materials, to reviewing potential acquisition opportunities, to tagging along for meetings with architects, contractors, leasing agents, etc. The harder you work and the more energy

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Responses to increasing rents

Here’s how housing works in LA: Lots of people want to come here because it’s beautiful and there is economic opportunity The population increases Insanely restrictive zoning prevents developers from building enough housing to accommodate population growth Responding to pressure from tenants, the city controls rents on most units (via the RSO) New-comers and residents

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