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@zennonuc @bethanyjbabcock This felt avoidant, I wonder if they actually connect….

@bethanyjbabcock Here’s our general campaign email if dms aren’t working: connect@zforsenate.com

In Santa Monica, one of the richest zip codes in the country, our businesses are empty. Why do stores stay vacant, and what can we do about it?

Respectfully, Councilmember, you've got it backwards. LA's housing crisis isn't 'self-inflicted' by too little regulation it's inflicted by exactly the kind of one-sided tenant protections and anti-landlord policies you're doubling down on. You've already 'reduced rent increases' and 'strengthened tenant protections.' Now you want a new Office of Tenant Protections to enforce them harder? That's not a 'culture of yes.' That's a culture of 'good luck getting your property back if your tenant stops paying.' Why would anyone want to build here and be a landlord? When evictions take 8–12+ months (or longer) even when you do everything right. Tenants get free lawyers; housing providers pay out of pocket. Rent control and endless new mandates erase any upside while housing providers eat all the downside (rising taxes, insurance, maintenance, crime, squatters, monopoly utility providers raising costs!). Banks and investors see LA and run to anywhere that doesn't treat property owners like the enemy. You can't triple housing production while making ownership/rental a sucker's bet. Supply only comes when risk/reward makes sense. Your plan streamlines some permitting (great!) but piles on more tenant-side enforcement and "stability" talk that signals to every developer and small landlord: "Don't build here, we'll make sure tenants can stay forever, even if they don't pay." This is why LA has the fewest homes per adult. Not because we "blocked" enough housing. Because the rules you champion make building and renting uninvestable. Fix the incentives first, balance the protections for both sides or watch the shortage get worse no matter how many “new” things you announce. The market isn't the villain. The policy that punishes the people who actually house Angelenos is. The policy that benefits the bad acting tenants is.

Los Angeles’ housing crisis is self-inflicted.  For decades, city leaders have taken deliberate actions to limit new housing. Today, we announced our plan to fix this and triple housing production.

@SinaiLawFirm @jayparsons @nithyavraman what are your thoughts on this? As mayor would you look to change any of this in either direction?

Do you want to know why rent is so expensive in LA? Why the application process takes so long? Why landlords want so much info from you? Here is a recent story: A family was referred to me for their eviction case. They were heading to a jury trial in one month and didn't have a lawyer, yet. They did all the paperwork and filing themselves, in-house to save on legal fees. And surprisingly, they did a great job. They filed the paperwork with LAHD. Gave proper notice to the tenants. I reviewed their paperwork and it was better quality than 90% of other eviction lawyers. I didn't see any viable way to dismiss the case on a technicality. As long as they were properly represented in trial, the family was going to win the eviction. They did everything by the book. Followed all the local rules. Gave all the necessary notices. The family told me the judge ordered the parties to mediate at the first court appearance. The family attended the mediation in court without a lawyer. The tenant was provided a lawyer by the city, for free. At the mediation the lawyer for the tenants offered this settlement: 1. 4 months to vacate the property 2. Cash to leave, paid upfront 3. Waiver of all owed rent 4. Sealed record They rejected the offer, of course. Why would they accept this? The family then asked me a great question. "What is our best case scenario with you in trial?" Based on my review, I gave them my most realistic estimate of the best case scenario in trial: 1. Both parties announce ready at the next trial date (1 month away) and trial takes 3 days. We win the trial. 2. Sheriff locks out the tenant 75 days after the trial. 3. about 110 days to possession. 4. Gave them an estimate cost for fees/prep time. 5. No viable collection of back rent, tenants had no assets. Obviously, this was the best case scenario. It could be worse. Trial can be delayed. While I was confident we are going to win, juries are unpredictable. This is where we had a surreal moment of collective clarity. The settlement offer they rejected is basically their best case scenario if they win the trial. This was not a coincidence. The attorney for the tenants asked for pretty much the same amount I quoted them for my fees. The lawyer for the tenants knew the family had to hire a lawyer for a jury trial. The lawyer knows it takes the sheriff 2-3 months to lockout after a judgment. The lawyer knows it's hard (and expensive) to collect against tenants with no assets. State and local government created a system in which cases take forever to litigate, eviction laws are extremely complex and technical, easy to dismiss cases, only one side has to pay a lawyer, and worst of all, possession enforcement takes 60-90 days instead of 5. And it's all getting worse. The leverage for the tenants is systemic. It's by design. Why would the tenants make any other offer? The landlords are left with no real options but a shitty settlement. There are no real choice. Even when you do everything right, you still lose. Tenants don't pay rent during evictions. They had no viable way to win the trial. There were no habitability issues. The landlords posted all the notices. Never raised the rent. Didn't retaliate. The landlords did everything right. And the tenants still win. The mother looked at me and asked "our base case in trial is the same as the shitty settlement offer? Are you telling me we should have taken the offer we rejected?" I didn't know how to respond.

@travisk 🫂

Atoms. atoms.co/vision

@GavinNewsom You’re such a loser, talking from both sides of your mouth.

The corrupt and repressive Iranian regime must never have nuclear weapons. The leadership of Iran must go. But that does not justify the President of the United States engaging in an illegal, dangerous war that will risk the lives of our American service members and our friends without justification to the American people. President Trump is putting Americans at risk abroad because he is unpopular at home.

@JakehellerAI @AppFolio where you guys at??

One of the biggest names in CRE is plugged into Claude Yardi Virtuoso connectors let you query your real time property data through a conversation Nuts "Where is rent delinquency highest across the portfolio right now?" "Which properties are trending over budget this quarter?" "What's our average days on market for vacant units by property?" the AI + CRE stack is getting real

@JMGregorchuk @GrahamStephan @nithyavraman I know you want to help with the housing supply issue, take a listen to this very common story and let us know what we can do.

You all should watch this! @GrahamStephan got put thru the ringer. 😞 youtu.be/YJx58bOo5g0?si…

Los Angeles loses another one :( Sorry Graham ❤️ I wish we could make city council watch this. All of it. On loop. For a week. This is every single project in LA.

@coleruudjohnson AI

I'm not a huge fan of tinkering with AI for real estate. BUT, I've found 7 tools that'll actually help you underwrite faster, answer the phone better, and make more offers. I just sent the sheet breaking down the 7 to our clients. If you want it for free, just comment "AI" & I'll DM the link to you!

@cd4losangeles Isn’t the goal to ensure housing affordability for everyone? Every study has proven rent control only makes cities more expensive.

If there’s one thing everyone in LA can agree on, it’s that the rent is too high.  While we've updated some policies, the City of Los Angeles has not updated the actual formula that caps rent increases since the Rent Stabilization Ordinance was created over 40 years ago.

@LA_Multi_Fam I’m seeing rents starting to stabilize in Weho, Silverlake, and Hollywood. Santa Monica is getting crushed by new supply, rents continue to drop, concessions get bigger.

I can’t point to one clear reason LA rents are slipping, but here’s a mix of factors probably at work: Higher supply for LA Hollywood really struggling Inflation catching up to people Maybe some deportation effects The January fires likely distorted things temporarily. Apt demand specifically from displaced Altadena residents kept numbers looking stronger than they were.

@LA_Multi_Fam These new products underwrote proforma rents at the peak (2021) of the market thinking rents will only continue going up.

LA rental market: Some big rent concessions out there. DTLA leading the pack with up to 12 weeks free, but you can still find 6–8 weeks in Silver Lake, Santa Monica, & other submarkets. • Beaudry (DTLA) – 12 wks free • Park Fifth – 10 wks free • Silva (Echo Park) – 8 wks + $1.5K • Sway (Santa Monica) – 6 wks free This is generally on newer class A product, but you’re starting to see rents lowered or some variation of concessions also being offered on smaller / older properties. Tough to rent right now :(

@cayimby @jessezwick @jessezwick if you want to make change look inside your planning and building department. Why does it take 3.5 months to pull a permit to remodel a vacant apartment unit? Why does “Urban Forestry” department need to review and approve if you’re only updating a kitchen and bath?

"If we want the Westside to remain a welcoming place –not just for the wealthy, but for everyone –we have to make it possible for more people to live here. That means building more homes. Enter SB 79..." losangelesblade.com/2025/07/31/the…

@chernobelskiy That’s why we structure the promote pari passu with no pref. GPs and LPs are naturally more aligned on longer holds and cash flow over time. This model encourages true partnership rather than just a race to hit IRR hurdles and exit.

A fascinating theme I keep seeing in the GP-LP space: Larger family offices have a very strong preference for cash flow and longer hold periods Meanwhile, the majority of deals tend to focus on IRR, have lower cash on cash figures, and expect 3-5 year exits

@DPOURBABA 🤌🏻

Rendering vs Reality Built by Category GC.

@chernobelskiy What are your underrated/shown must haves in deal memos that GPs tend to miss?

What have I learned from sending 100 deals to LPs? I launched GP-LP Match just over 3 months ago - a simple platform that lets GPs submit live deals and LPs set filters to receive only the ones that match their interests Here are the top 3 lessons: 1) Raising capital for development deals is brutal. But maybe that’s exactly where the opportunity is as economics to LPs improve and deliveries slow down 2) Friends and family waterfall structures tell you very little about what you'll command in the broader LP market - your structure & fees matter more than you think 3) Most GP decks are subpar at explaining the investment and it's costing GP real LP capital (hint: LPs will never tell you why they're passing) I hope this is helpful!

@TAYVAY_ Don’t forget capex, tenant lawsuits, short term zero or negative rent growth, and monthly new regulations and bills…..still buying tho

I was asked this question that had me question my job. " Why would an investor be willing to pay a 5% cap rate on a stabilized asset in LA if debt rates today are in the 6-7% range and this incur negative leverage?" Here is what I said: You’re not buying a bond; you’re buying a living asset. Day‑one cap vs. loan rate matters for twelve months, while rent growth, amortization, tax shields, and irreplaceable Los Angeles dirt compound for decades. Even with 6 % debt, after‑tax cash yield + principal pay‑down already clears 8 %. Add 3 % rent growth and a mid‑cycle refinance, and you’re north of 11 % IRR on an asset class that protects you against both inflation and domestic‑currency risk. That’s why sophisticated capital still pays a 5 % cap today. What do you think?

@LA_Multi_Fam The challenge I’m having today on any deal we underwrite, is justifying the ‘exit price per unit’.

Got excited and jumped into a deal because I can double the unit count with ADU's fairly easily. Big open space in the back of the property. Bridge lender willing to fund 80% of the purchase & 100% of the cap ex made it very appealing, since it doesn't require a ton of cash. However, it’s a C location, and after digging in and discussing the projected exit sale with brokers post-stabilization, I realized there wouldn’t be much profit to be made. Which is crazy, since we are doubling the unit count!! However, construction is expensive, rents are soft, GRM's are falling, CAP rates are climbing, insurance is through the roof. That's a ton of things to try to battle in a location that has issues. In a C area, I think you need to hit at least 8% UYOC at stabilization with VERY conservative underwriting, to justify the effort right now. Otherwise, you’ll spend 18–24 months convincing yourself that an average location is about to be a good long-term hold. Pricing needs to come down quite a bit more—at least until rents start climbing and or interest rates drop.

@LA_Multi_Fam @elonmusk Auto bins that go to and from the street, back into a charging dock. No more ‘distance’ fees.

@elonmusk can Tesla get into the trash biz?

The trash companies in Los Angeles were granted a monopoly in 2017 by the City Council. The council divided the city into 11 zones, awarding exclusive contracts to private waste hauling companies for each zone. Knowing what we know now about bribery & embezzlement at the City Council over the past few years it begs some questions about that & other votes: One council member involved in that vote is in prison for 13 years for bribery. Another one is currently defending embezzlement charges. Trash service is far worse today. Missed pick ups happen often, while pricing for most apartment buildings has doubled since 2017. One of the most frustrating things are the constant overweight charges! Today I got another overweight charge for $151.10 & an additional over fill charge for $37.61. That's a roughly 45% mark up to our regular monthly bill. These companies don’t actually weigh your bins to determine if they’re overweight. Instead, it’s completely up to the truck driver’s discretion to tag a bin as overweight. When I called Athens how they determine this, the lady told me that if the truck’s wheels lift off the ground when picking up the bin, the driver can mark it as overweight. So, they’re suggesting that our 2-yard bin that typically weighs 400 lbs can somehow lift a truck that weighs between 10-15 tons? Yeah ok! It’s unclear what incentives or quotas might be driving this practice, but the lack of transparency is infuriating. Now try to argue these charges or missed pick ups with a company that has no risk of losing your business. It's criminal.

@LA_Multi_Fam Athens is the worst of them all

@barry_angeles Barry, if utilities are capped off, do the sites get sprayed down by water trucks?