The LA Times had an interesting article a few days ago about the state of the LA rental market. Here’s the money quote: “Few new units and tight standards for home loans add to the pressure. The average monthly US rent is at an all-time high, and a 10% jump in Los Angeles County over
I, for one, welcome our new mixed-use overlords. You’d think I’d be pissed about a developer coming into Silver Lake and building 300+ rental units. After all, the rules of supply and demand would seem to indicate that this new competition will drive down the rents on my units in the area. But I’m thrilled
I’m all in favor of new landlords learning the business by doing. It’s only by making mistakes that we learn. But there is one scenario where I definitely recommend new landlords get some help: When they absolutely must, at all costs, lease out a unit. No one wants to buy from a desperate salesman. Period.
LA rent control makes it extremely hard to evict tenants as long as they pay rent. We can argue about whether that’s socially useful or not, but what I want to focus on today are the implications for running your buildings. The first thing you have to understand is that there are only two ways
I’ve been writing this blog for around three months now, give or take. And I just want to take the time today to say “thank you” to all of you. I have met amazing people here: first timers, seriously experienced investors, flippers, money guys, brokers, you name it. Without giving away names, I can tell