LA's New 4% Transfer Tax Hits Existing Commercial Owners
Crazy how many commercial property owners are now hit with a 4%+ transfer tax in LA. So, Los Angeles gets 4% of your property if you decide to sell. Especially sucks for the people who bought before this was a thing. What a mess.
High-End Suburban Offices: Untapped Gold for Professionals
Massive untapped real estate opportunity: Lack of supply of high-end suburban small office suites. This is why demand for WeWork was so high. But if you're a CPA, attorney, wealth manager, or therapist, you don't want co-working. We just did this, and it's...
Think Net Income: Pre‑Set Half for Taxes
Taxes don’t trigger me. I think it’s because from the very beginning of my career, whenever I received a commission check, I knew to put roughly half of it aside. That half was never mine. So I always thought in net terms. If I...
Midnight Rain, Kid's Bathroom Call Disrupts Sleep
Middle of the night, raining like crazy, and cold. And then an unexpected voice. It’s my 6-year-old: “Dad, I need to go to the bathroom.” I’d truly rather sleep in a strip mall.
Optimism and Drive Are Contagious—Choose Your Circle Wisely
One of the most important lessons of my happened in my early twenties. I learned that that optimism and drive are extremely contagious. And so are complaining and negativity. My eyes were opened to this when I moved to San Francisco after...
A Child's Question Forces Us to Rethink What We Miss
6-year-old stumped me with this tonight: "Dad, what do you miss the most?" Had my brain going back decades, thinking about difference phases of life, memories, etc. It's actually a brilliant question.
Overzealous Lawyers Turn Simple Leases Into Costly Battles
The single most annoying thing that happens in real estate: You send the other side a lease form you’ve been using for years. It has been well received countless times by both national and local tenants, and legal comments are usually limited. And...
Spend $3M for 30‑acre Escape, Not Hamptons
Also: $3M gets you a crazy house on 30 acres, and you’re under two hours from NYC. No brainer vs the Hamptons scene. Weekends should be about getting away - not a copy/paste of the NYC grind.
Stunning Escape Just Hours From NYC
One of the most beautiful areas in the US. A true getaway - just a couple hours drive from NYC. https://t.co/dNKpRe3W0Q
One Tenant Type Dominates Strip Mall Inquiries
Every single strip mall owner in America gets a call from one type of use more than any other, and it's not even close. Any guesses on the type of tenant?
McDonald’s Manhattan Goes Cashless with Outdoor Pickup
After many years in Manhattan, this McDonald’s remodeled. Registers out. Self-ordering terminals in. There’s also now an outdoor pickup window. What’s your biggest takeaway? https://t.co/U9vAFwkrAz
First‑time Parent’s Quick Guide to School Camping
Going on my son’s class camping trip next weekend. I’ve never been camping in my life. What do I need to know?
From First Date to Amazing Mom: Proud Journey
Sometimes at the end of a long day, when my wife is fully in her element as a mom, getting the kids to bed, brushing teeth, running around, doing a hundred things at once, I catch myself thinking about when...
Serious Sellers Share Key Lease Details, Not Just Offers
It happens countless times a day in America. A broker cold-calls a property owner to see if they’d be interested in selling, and they get the most nonsensical answer possible: “Sure, bring me an offer.” When the broker asks for more information about...
EBay Still Rakes $10B—Who’s Actually Buying?
I Haven’t thought about eBay in over 10 years. They’re still doing $10B+ in revenue. Serious question: Who is actually using it?