Ep 02 From Working At Disney to $200m In Properties: Insights Into Owning Apartments In CA Today

The Multifamily Millionaire: Real Income From Real Estate with Jason Lee, Episode 02 with Dan Tenenbaum.

Dan Tenenbaum is the founding principal of Pacific Crest Real Estate (PCR). Since 1995, he has overseen all PCR activities including the acquisition and management of multifamily housing in Los Angeles.  Under his leadership he has acquired real estate holdings valued at over $200 million and managed over 1,300 apartment units. Mr. Tenenbaum is the Past Chair of the California Apartment Association (CAA) Los Angeles Advisory Council and a member of the CAA State Board in Sacramento, where he is a member of its Legislative Steering Committee that reviews all proposed housing-related legislation in the State Legislature.

In 2016 Daniel was appointed by the Mayor of Los Angeles as a commissioner of the Housing Authority of the City of Los Angeles, a $1.4 billion organization that  provides housing subsidies and programs for low income and homeless individuals. HACLA also oversees the management of over 58,000 subsidized apartment units, making it the third largest landlord in the city. He was reappointed in September 2019 for a 4-year term and is currently Vice-Chair of its Board of Commissioners.  

He has been an advocate for improving programs to house the homeless at Home for Good,  a partnership of United Way of Greater LA and the LA Area Chamber of Commerce, and with PATH (People Assisting the Homeless) Lease Up programs. As an apartment owner, he has also partnered with LA County funded agencies to house the formerly homeless. He is consulted frequently by the LA Times and by senior LA City and County staff related to the apartment industry, homelessness and affordable housing.

Here is what to expect on this week’s show:

• How Dan got into real estate and why he made the move into it from working at Disney.
• The life style and benefits that working in real estate allows for.
• Advice for new investors evaluating what exactly it means to over pay.
• The reality of evictions during this pandemic era in California, and what the future holds.
• What Dan looks for when buying an apartment building.
• The biggest mistake Dan has made and what he learned from it.

 

Links Mentioned:

www.Pcrapts.com

Connect with Dan:

Instagram: https://www.instagram.com/dan_tenenbaum/?hl=en

Facebook: https://www.facebook.com/daniel.tenenbaum.140

LinkedIn: https://www.linkedin.com/in/danieltenenbaum/