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Trusting the process

One of my agents called me yesterday to see if I had any ideas to help her. She’s got a great client who has been making strong offers on single family homes and getting outbid. Everyone is frustrated. As it happens, my parents are in the market for a home on the Eastside (working with

Some mildly annoying numbers

Just finishing a 4plex in a really cool, up-and-coming neighborhood that we renovated on behalf of an outside investor. Was reviewing the original pro forma and revising in light of what I believe the rents will be… and got an annoying surprise. Based on the original pro forma, this was not a deal that we

Zoning and homelessness

Regular readers know homeless is a major interest / concern of mine. After all, our business model ends up raising rents and that unavoidably impacts housing affordability and, hence, homelessness. So it is with great interest that I am following the debate between LA County and Gov. Brown regarding whether or not the homeless situation

Appreciating Bloomberg’s Q&A with Henry Kravitz

It’s rare I read something in the business press that is directly relevant to me. After all, the number of people trying to build asset management businesses is vanishingly small; so small that it’s rarely worth anyone’s time to cater to us. So, it was with great interest that I read Bloomberg’s interview with Henry Kravitz,

Why we don’t sell

Pretty much every time I speak with a broker who is pitching me a deal to buy, she asks me if I intend to flip the deal when I’m done renovating. The reason for the question is obvious: There’s kind of a custom where, if a broker gets you a deal, you’re expected to hire

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