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Get a slave for $250,000 down

Dear old grandma just died and left you $250,000 tax free. You should take it and buy yourself a slave. No, really. An apartment building is kind of like a slave. It works for you all year without complaining. Sure, it takes up a bit of time now and then. But at the end of

Should you post a “For Rent” sign on your building?

No. Or, at least, not unless your building is on a high traffic street. Why? Because posting a sign does two terrible things: It makes your building look cheap. Useful signs are large enough for people driving by to see. Signs that large are almost always tacky and horrible. Do you want your building to

Why Westlake Won’t Gentrify

Westlake won’t gentrify for three reasons: the housing stock, the density of apartments and rent control. Regarding the housing stock: Westlake is comprised mostly of apartment buildings built around 1920. Some 1920’s buildings are nice, with great lay-outs, beautiful details, and, in some case, parking. The buildings in MacArthur Park are not those kinds of

Is Silver Lake Twice as Cool as Highland Park?

It might be, because it costs twice as much to rent a two bedroom apartment in Silver Lake. A 2 bed / 1 bath apartment goes for $1,100 in Highland Park, which is nearly 2x the $2,195 it costs in Silver Lake. We’ve just completed our February Rent Survey for Highland Park. We looked at

The Time I Tried to Give Mr. X $5,000 and He Refused

My voice was quivering when I made my final plea: “Please, Mr. X, just take the $5,000 and move out before the sheriff gets here.” The guy refused. He and his wife stayed right up until the sheriff arrived to lock him out of the apartment. I had to appreciate the pride he carried within

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