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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,

Yet another bad regulatory innovation

There’s a proposal up for discussion this week at the city council’s Housing Committee that warrants some discussion. In a nutshell, the city is considering requiring every landlord of a rent stabilized unit to report the rent she is charging to the city every year. Why? Because apparently there are hundreds of people being overcharged.

Looking for an intern

Readers: We’re looking for an intern. Ideal candidate will be available to spend, say, 10-15 hours per week with us. The intern will work on some interesting / serious stuff but also plenty of scut work. Would be a good way for a college (or, potentially, an extremely mature highschool) student to learn about our business. Pay

Some thoughts on Millennials and the economy

I generally avoid politics on this blog, because there’s no need for yet another place for people to get angry. But today I want to address what seems like a creeping demoralization among Millennials, in particular, that’s causing them to question capitalism. There’s no doubt that Millennials have had it pretty rough. Many of them

How to handle call-downs

Today I want to talk about a little-discussed area of money management: How to handle call-downs. First, what’s a call-down? In most real estate deals, the investors don’t send all their money for the whole deal on the day of closing. Instead, they agree to commit a specific total amount to the project and then leave

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