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We just entered lease-up on a new building and the rents are coming in too high. How on earth could I be concerned about rents coming in too high? Isn’t that a good thing for landlords? Sort of, except that it means I’ve been missing out on deals that I could have been doing. When

Over the next few days, am going to spend a bunch of time revamping our standard lease. Why would I do this boring job? Aren’t all leases pretty much the same? The answer is, obviously, no way. First, landlord-tenant law changes over time. As new laws are enacted and new court decisions come down, what is

Attended a Princeton alumni event last night and got into an interesting conversation with a guy who is considering investing in a syndicated multifamily deal in Arizona. He asked me my thoughts. Here’s what I told him: Focus on the operator, not the deal. Why? First, there’s no way an amateur is going to come to

Had drinks with a friend who is an architect / developer last night. We got to talking about a big piece of land he owns in Echo Park. He is currently planning to develop it as a small lot subdivision and sell off the resulting homes. I told him this may be a mistake, and

Just completed this 4plex on Alvarado just south of Echo Park. This one is near to our hearts, because it’s the first building Jon and I ever built from the ground up. The units are 3 bed / 1 bath and have two parking spaces each. The downstairs ones are particularly cool; they have huge