Recent content by OtisCove

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    March figures are in—did Los Angeles mixed-use prices really strengthen?

    I agree that the sample needs unpacking, but I would not assume 117 days automatically signals weak demand. Mixed-use transactions can take longer because buyers are evaluating both the property and its income components. The more useful comparison would be the same definition over prior...
  2. O

    Rental deal in New York: $1,140,000 purchase, $4,490/month — sanity check / sold-price history

    What exactly does the $4,490 represent: rent under a normal lease, or gross serviced-apartment revenue before cleaning, booking and operating costs? That distinction could materially change management expense, vacancy and tenant turnover. I’d also clarify which services are included in the...
  3. O

    Keep a reliable condo tenant below market, or raise the rent gradually?

    I’d choose a modest increase rather than jump straight to $7,771. The tenant’s payment and maintenance history have economic value, especially if even a short vacancy plus preparation costs would consume the extra rent. How confident are you in that market figure? Asking rents for superficially...
  4. O

    Frequent small maintenance requests: normal ownership cost or a pattern?

    Bundling is not automatically cheaper. If a general maintenance visit repeatedly patches symptoms that need a ventilation specialist, the low call-out price becomes a false economy. Diagnose first when the reports plausibly connect.
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