From Hollywood to Real Estate Owner | Eddie Ring | DONE with Los Angeles Real Estate

In this episode of No Vacancy, host Taylor Avakian sits down with Eddie Ring, founder and CEO of New Standard Equities, to dig deep into the strategies shaping the Los Angeles multifamily market. With over 25 years of real estate experience, Eddie shares his unique insights on why he’s stepping back from LA investments, the key trends impacting apartment ownership, and what investors should be paying attention to as market conditions shift.

Whether you’re a seasoned property owner or looking to make your first investment in multifamily real estate, this conversation covers the essentials for understanding LA's evolving landscape. Eddie discusses the challenges posed by local regulations, rent control, and the rising cost of doing business in Southern California. Plus, he sheds light on emerging opportunities and shares his perspective on where the smart money is going in today’s multifamily sector.

Tune in for actionable insights on:

The pros and cons of investing in LA apartments today
Key indicators of market shifts and how to adapt your strategy
Navigating rent control and other regulatory challenges
How to identify high-potential properties and build a resilient portfolio
Don’t miss this valuable episode for an insider’s perspective on the trends and strategies that will shape the future of multifamily real estate in Los Angeles.

Chapters:
00:00 - Introduction to Eddie Ring & His Real Estate Journey
02:00 - Why Eddie Left LA’s Real Estate Market
04:50 - Dealing with LA Housing Department (LAHD) Challenges
06:45 - Navigating Rent Control & Government Regulations
10:30 - Eddie’s Tips on Identifying Multifamily Property Gems
14:50 - Why Relationships Matter in Real Estate
17:30 - From Comedy Writer to Real Estate CEO: Eddie’s Career Pivot
22:15 - Early Deals & Mentorship at Kennedy Wilson
29:45 - Avoiding Overpaying for Multifamily Properties
34:00 - Lessons from Industry Legends: Focus on What You Know
37:45 - Strategy for New Investors in Today’s Market
43:30 - Why Eddie Stays Out of Certain Markets & Focuses on LA
48:15 - How Social Media Impacts Real Estate Investment Firms
50:30 - Is the Market Rebounding? Eddie’s 2024 Forecast
53:00 - Wrapping Up: The Importance of Partnerships in Real Estate

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