Jake Glaser | LA Multifamily @LAMultiBroker
Los Angeles multifamily broker | $118MM of apartment buildings sold solo in 3 years (32+ deals & counting!) | Weekly newsletter to 10K+ LA multifamily owners ⬇️ LAMultifamilyBroker.com Los Angeles, CA Joined June 2015-
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I'm hiring! Looking to bring on an additional junior agent to our team. Opportunity to work for one of the top multifamily brokers in LA under the age of 30 (currently #3 agent at our brokerage this year). My most recent hire has listed 3 properties since starting 4 weeks ago.…
Average follower probably couldn't care less... But I did my first successful Muscle Ups yesterday and I couldn't be more stoked. Fitness goal of mine for a very, very long time. Let's go!!!! 🤩🥹
Very pumped to hear this AM I was 3rd top producer in our company for Q1. And all of these guys (& gals) have 5 to 20+ years on me in the brokerage game. Let's keep it going!!
Reluctantly agreed to do an engagement photo shoot with my fiancé... Typically hate this type of stuff, but very grateful we'll be able to look back at these photos one day when we're old and wrinkly.
Brought a new agent onto my team. He spent over a year at a smaller shop getting his feet wet, but no listings or closings. Fast forward 2 weeks on our team, he just signed up a 3-property portfolio for $5.95MM. Just the beginning @SChanBroker!! Now time to get these sold 😎
Offered $500K lower than 2021 purchase price. 10% discount before factoring in $400K of recent Capex. Seeing more & more of these lately. But remember, real estate always goes up!!
6th closing of the year on the books! This was a fun one - initially listed for a 2.35% cap rate & 22 GRM with 4 very low paying tenants. Facilitated 'cash-for-keys' buyouts and vacated all units within 60 days. Sold to a 1st time buyer who'll turn it into a family compound!
Spotted: @Keith_Wasserman in the Gelt mobile. Just had a lovely 2 second boy-up in LA traffic.
Closing email today ➡️ 2 inbound BOV requests. Activity breeds activity in this business. Just keep it rolling.
Another testament to strict local rent control ordinances driving demand to the non-rent controlled cities of LA County... Got 7 offers on this 8-unit in Bell (a B- market in Southeast LA County), closing for a 4.88% cap rate. Very solid!
Google Earth Studio is amazing 🌍 After reading a post by @ChadGriffiths who turned me onto it, I’ve started adding these little animations to all of my property websites. It’s free, they take ~2 mins to make, and give buyers a great idea of the surrounding area. Very cool.
To list is to last in brokerage. This is a well written tweet and a nice idea in theory, but this fails to address the fact that brokers live on fees, and the most valuable thing they have is their own time. It’s also the only thing they can control each day. No matter how…
To list is to last in brokerage. This is a well written tweet and a nice idea in theory, but this fails to address the fact that brokers live on fees, and the most valuable thing they have is their own time. It’s also the only thing they can control each day. No matter how…
Cold called a woman who inherited a 10-unit in LA. She tells me they're not willing to sell, then immediately starts pitching me on her 'clothing-optional' resort. Turns out she owns one of the largest nudist resorts in the US. 250 acres of bare skin and good times. Ok Susan.
3 new construction houses on my block. 3 different architects. 0 creative vision. I hate these things.
Hot off the press! Official ULA 'Mansion Tax' Exemption Letter for our $13,000,000 industrial sale. $715,000 transfer tax savings for the Seller. Thank you Karen Bass. Million dollar question: how do we find more 501(c)(3) nonprofit buyers?
My friends: “How’s work? Looks like you’re selling a lot of houses lately!!” Me: “Thanks, things are good!” ~Begrudgingly mumble “apartment buildings, not houses…” under my breath for the 15th time this year~
Moses Kagan @moseskagan
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83 Followers 245 Followingthink like a real est.. @ThinkAppraiser
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2K Followers 1K Following SoCal Apartment Real Estate. Former professional baseball player. Sports, Commercial Real Estate, Finance, Orange CountyLiberalMilei 🇦🇷 @LiberalMilei27
502K Followers 1K Following NO OFICIAL. Cuenta en apoyo al presidente Milei. Militante de LLA | De ultra mega extrema Derecha.Within a 12 month period, I nearly went broke, went through a divorce and lost my dad. For a short season during that period of time, about 6 months, I moved in with my mom to get re-balanced. You can imagine what felt like being in my mid 40's and moving in with my mom.…
@TopherNOW @blake_hagz @MultifamilyRob @LAMultiBroker Lift, walk, consume enough protein and don’t forget carbs especially around workouts
@jbrendanfrazier Storage space so you don't have to gate check a bag. Ever miss a flight cause you had to wait for your bag at the gate?
Absolute Max Pain….But honestly this is why I love Amex, not a single other credit card company will let me do this.
Half price sale in Downtown LA! 60% vacant 215K SF office building that sold in 2011 for $39M just sold for $20.5M - $94/SF. Lowest $/SF in Downtown since 2020. Possible multifamily conversion? Buyer is a pro at adaptive reuse.
@sweatystartup Is this the holiday party at Enterprise Rent-a-Car?
Me, asking the Wal-Mart employee if they’d pls unlock the plexiglass case holding the vibrating butt plug.
I’ve been working with VA’s for over a decade. But this was my first year working with a VA as my Executve Assistant. Here’s my current Virtual Executive Assistant Management Tech Stack: Notion: Process docs, action & lists, task-based reference materials, notes from research…
@LAMultiBroker Probably in most places in the country it’s bad in LA it maybe the norm.
@LAMultiBroker Do you feel like the time gained by getting food delivered vs time cooking has made you more than $747 this month?
You can’t charge a pet fee, we don’t have any pets! So…you shit all over the porch?
Truth
Calls for violence against Jewish students on college campuses is blatant antisemitism and reprehensible.
I've never met somebody with purple hair who had their shit together.
Yesterday I sent my new listing to a Buyer He calls me at 8pm and we discuss the deal for 30 minutes & strategize how to get it done This morning he submits an offer through a different agent who asks for a 3% fee This is a great way to ensure you never get sent a deal again