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What hustle can do for you

Further to my earlier post about the amount of opportunity available for Millennials who want to seize it… thought I’d share with you the experience of one of our leasing agents this weekend. Keep in mind this woman has a full-time job she works during the week. Instead of sitting around all weekend (like I

AirBnB in Silver Lake

Spent a bunch of time yesterday arranging an AirBnB for my parents, who are coming to LA for six weeks this spring. What does this have to do with a multifamily blog? A lot. The pricing for stand-alone, decent 1/1 – 2/1 houses is in Silver Lake is basically $3500-4000 / month. That compares with

What we want to buy (part 346)

The market for apartment buildings has been dry as a bone so far this year and I’m starting to get antsy again. Judging from past experience (documented on this blog), what this means is that I’ll be in escrow on like three deals next week. But, for the sake of leaving no stone unturned, allow

Why a real estate career isn’t that risky

I began my career in investment banking helping entrepreneurs sell their media and tech companies to bigger, usually public companies. I quit because I knew I wanted to do something entrepreneurial myself. My first venture was a pretty stupid one. I invested a lot of time and money into an interesting tech concept, but one

Rebuilding the plane in the air

One of the strange things about Adaptive is that neither Jon and I have never managed lots of people before. So, as our operation has grown, we have had to learn by trial and error (mostly error, honestly) about hiring, retaining, motiving people. We’ve also found ourselves having to re-think entire aspects of our operations,

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