what are some value add strategies for a rent Stabilized market
im looking to invest in NYC or Los Angeles where the rental laws are not landlord friendly. How would you add value in these types of markets? Other than rubs or cell towers.. how can i add value and hit a 2-2.5 equity multiple in 5 years or less? Could it be done with a cost seg depreciation?
Not sure about those markets, but PadSplit has become a very popular strategy here in the South East as a value add as for landlords. I also hear the areas in CA like LA will allow for ADUs to be built anywhere regardless of zoning. Curious to hear others feedback on that subject.
Most landlords here rely on cash for keys, organic turnover and enforcing leases. That gets rents up over time.
Jay Ben - based on my observations, you need to develop and sell condos in NYC to get the highest gains in the shortest amount of time.