Moses Kagan Profile picture
May 22 4 tweets 2 min read Twitter logo Read on Twitter
Here's who pays more than one month security deposit at our mgmt co:

Applicants w marginal credit &/or income, who don't have a strong co-signer.

If we can't charge more than a month deposit, then we simply will not accept those applicants.

Hope #CALeg pays attention.
@RussellLowery10: Too late to do anything about this?
Just an absolutely classic example of our legislators having no understanding of unintended consequences.

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More from @moseskagan

Apr 4
Started a new biz & hope you can help spread the word:

You all know I love RE deals & teaching. Have tried to combine my passions in different ways over the yrs, including on this feed.

The new biz, @reseedpartners, is by far my most ambitious try:

A strong group of… twitter.com/i/web/status/1…
@ReSeedPartners Just want to note that I'll be plugging along building Adaptive at the same time... RS is kind of a way to leverage what I've learned doing deals in LA across a much wider geographical area.
@ReSeedPartners Link for prospective operating partners:

reseedpartners.com/operating-part…
Read 4 tweets
Mar 1
*These* are the pictures being used to market a $4,000 / month 2 bedroom apartment.

(And I don't mean to pick on these guys. This is pretty normal in LA.)
Contrast this with how, for example, @seandsweeney’s new project is marketed:
Reminder:

We manage ~70 Los Angeles apartment buildings on behalf of 3rd-party owners.

If you have a great asset in a great asset, intend to own it forever, & are in need of good, long-term-oriented property management, pls reach out via DM.
Read 4 tweets
Feb 24
In retrospect, one of the dumbest mistakes we made:

Not taking enough “before” pics of our projects.

Am not a particularly visual person, so I dramatically underestimated the importance of “before & after” shots in marketing.
Probably the highest value reply I’ll read on here today.

Youngs: Pay attention!
Read 4 tweets
Jan 12
The longer you manage apartments, the better you understand the old owners who refuse to provide even a fridge (let alone a dishwasher or AC).
The counter-argument is the “accretive to yield” one, where people do a little calc, like “it cost $500 and adds $50 to rent”.

And that argument is usually correct… but, man, does it complicate management.
If you are interested in reading a slightly longer take on the Los Angeles apartment market, the opportunities we're seeing, and how we intend to address them, please join my mailing list by clicking the link in my bio.
Read 4 tweets
Dec 10, 2022
A fantasy I sometimes entertain:

Buying or building a property management (long & short-term rentals) plus brokerage biz in a reasonably quiet beach or mountain town.

With patience & integrity, can build a pretty serious reputational moat & a nice life.
No one making fun of me for having a property management fantasy.

@NickatFP must be watching soccer or something.
Read 4 tweets

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