An (almost) free way to stimulate the LA economy

Previously, we’ve discussed how an equation embedded in the Housing Department’s Primary Renovations program is responsible for perpetuating slum conditions in rent control buildings. Today, I want to suggest a simple change to the equation that would, I believe, kick off a large wave of construction in LA benefiting all of us while costing very … Continue reading “An (almost) free way to stimulate the LA economy”

Adding washers and dryers to your units? Careful!

One of the best ways to add value to an apartment building is to add washers and dryers to the units. Why? Because tenants will typically pay $100-150 / month in rent in order to avoid using shared laundry rooms or, worse, going to laundromats. The math is easy: $100 / month in extra rent … Continue reading “Adding washers and dryers to your units? Careful!”

Multi-Family Millions: The book that started my career

If you’re interested in making money from re-positioning apartment buildings like we do, you should read Multi-Family Millions, by Dave Lindahl (that’s not an affiliate link; I don’t get paid if you buy it). A few warnings: The book is cheaply made. It feels like someone self-published it out of vanity. I recommend getting the … Continue reading “Multi-Family Millions: The book that started my career”

How to add value to your apartment building

Some people take owning an apartment building as their opportunity to unleash their internal interior designer. It’s like the building becomes their personal canvas to show off their taste in decorating. Don’t be one of those people. The only way to make a rational decision about spending money to improve your building is to determine … Continue reading “How to add value to your apartment building”