All Forum Posts by: Account Closed

This is great information guys. Thank you.

Hello all,

I am in charge of a multi family property in the Los Angeles area.

Recently all of the tenants were evicted via the Ellis Act. This apartment building will be demolished to make way for a bigger apartment complex.

There are a few months before we will be doing the demolishing, and I was wondering if it is okay to rent the units out on Airbnb while waiting for the building to be demolished.

Anyone have any insight in regards to this?

When you are looking to invest in an apartment building, are there any specific features you look for?

or maybe said in another way, if you were to build your dream apartment building investment from scratch, what are some must have features to make the most out of your investment?

1) I am not an expert, but someone who has been doing a lot of reading on RSO because my family has invested in a RSO property that will be demolished into a new apartment building.

I think you will be okay if the tenant leaves. A lot of the articles that you are reading about with Airbnb have to do with Ellis Act evictions. I think it gets a bit grayer depending on how the previous tenants left. So if these tenants were evicted by the Ellis Act, I think there are some issues we need to look into.

2) Does anyone have any experience or insight with renting on Airbnb after evicting a RSO property via the Ellis Act?

Hey everyone,

I'm new to the BP forums, and I am really interested in learning more about real estate - especially multi-family. I've always been interested in real estate, but I am now taking a very active role in educating myself to help my family. 

My father recently purchased a small multi-unit apartment complex in Los Angeles. My father has never done anything like this before and is new to real estate. He is an entrepreneur with a successful business, but I am a little worried he is going in a little over his head with his real estate development project. He has plans to demolish the building and build a new-construction 30 unit complex in the next year or two once the current tenants leave. 

My question is, does anyone have any tips or resources on helping make this project a success? I want to take an active role in this and make sure that I am educated and soak up as much knowledge about new construction multi-family units as possible. If anyone has any resources or specific tips and things to look out for, please let me know.

Thank you!

Hey @Pin Xi,

I'm in the same position as you. Young professional and entrepreneur in LA (currently living in DTLA) looking to get into real estate and purchase my first investment property whether it's here in LA or out of state. 

Hey @Brian Rule, can you elaborate where you found the information about looking an hour or so outside of large cities?

Thanks!