Post archive
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- A conventional apartment building turns maybe half its units over a full year.
- Three black blobs in one drive aisle. Not a straight edge on any of them, which tells you …
- The printer only prints walls.
- Some of you read my long posts. Some of you scroll past and I don't blame you. Today you g…
- Somebody got exactly the paint job they paid for.
- I'm going to ask something of you.
- How do walls get to look like this? The door stayed closed for 300 days.
- How to Catch a Pro Forma Lying
- Built this video this morning, had to run to the office, finished it when I got back home.…
- I reread Munger constantly. His speeches play on the drive to the office and again on the …
- I killed my Hermes AI agent this weekend.
- The property was way behind on work orders. I'm at corporate, staring at a dashboard, watc…
- Read the door. The neon OPEN sign is lit. The handwritten hours this week: 2 to 6. And a c…
- LinkedIn keeps telling me to keep it short. I keep not listening.
- Aldi makes you rent the cart for a quarter and bag your own groceries. It stocks fewer tha…
- Read your P&L this month?
- Look at this photo. Water pooling at the base of the building, right where the downspout d…
- You don't need to know how to code to ship an AI product anymore. That's the good news. It…
- Six months ago, the smart money bet on rate cuts. It's now betting on a hike.
- I’ve written before about how bad AI was at underwriting. Wrong line items, made-up totals…
- Your Memo Has Holes. Capital Reads Holes as Risk.
- Apartment sales in Atlanta fell 77% in two years. $19.3 billion in 2021 down to $4.5 billi…
- 𝗧𝘄𝗼 𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁 𝗽𝗲𝗼𝗽𝗹𝗲 𝗮𝗿𝗲 𝗾𝘂𝗶𝘁𝘁𝗶𝗻𝗴 𝘆𝗼𝘂𝗿 𝗺𝗮𝗶𝗻𝘁𝗲𝗻𝗮𝗻𝗰𝗲 𝘁𝗲𝗮𝗺. 𝗬𝗼𝘂 𝗰𝗮𝗻 𝗼𝗻𝗹𝘆 𝗯𝘂𝘆 𝗼𝗻𝗲 𝗼𝗳 𝘁𝗵𝗲𝗺 𝗯𝗮𝗰𝗸…
- The world's third-richest man sold his New York apartments back to the GP for six cents on…
- A worn water meter has never once overcharged a resident. If one ever reads high, the resi…
- A $50 million loss hit the tape last month and the stock didn't move. That's the whole sto…
- The work order report looked better because residents had given up.
- This is what $700 a unit in R&M looks like.
- New York froze the rent on a million apartments this week. Three days earlier, a court kno…
- This isn't about cutting heads,' says the manual that explains how to cut heads.
- It's easy to blame the GPs. Some of them earned it.
- Nobody got into real estate because they love staring at rent rolls.
- A Fortune headline annoyed me into writing my first white paper. Nine versions later, here…
- Show me weeds in the parking lot and I’ll show you a property leaking money.
- G&A Expenses explode for one main reason. The person spending isn't the person paying.
- We build more housing in this country every year.
- I have onboarded a green manager to a million-dollar building with less prep than it takes…
- In 2021, Nielsen put a simple question to more than 40,000 people: which kind of advertisi…
- Being Bad At Math Should Disqualify You From Building, Funding, Or Investing In A $3.8B Pr…
- I audited 25 Atlanta apartment websites. Zero were original. Then I made the mistake of ru…
- Somewhere in your files is a service contract dated 2015. It has been renewing on its own …
- Your green upgrade cut the bill 20%. So why did you keep only a quarter of the savings?
- Two vendors put ROI calculators on their sites. I don't believe either number.
- Most of your operating costs were decided at the closing table.
- A CPA fed twelve months of bank statements into Claude. Not exports. Image scans. 6,700 tr…
- I read my own Google reviews like other people read their ex's text messages. Late at nigh…
- Fewer logins. Less complexity. More insight. That’s the pitch every software vendor has ru…
- Survivorship bias is a hell of a marketing department. Show people only the deals that wor…
- A year ago, I paid $5,500 to have a website built for one of my properties. Two days ago, …
- Invoices: fully automated. Bank rec: I babysit a bot clicking a screen. The split is permi…