Steven Taylor on Navigating the World of Los Angeles Commercial Real Estate

 

Steven Taylor, Los Angeles

If you’re thinking about getting into real estate, you may be wondering what it’s like to navigate the Los Angeles commercial and residential real estate markets. While residential and commercial real estate have a lot in common, the day-to-day of each industry can be very different. Steven Taylor Los Angeles native and a real estate expert in the LA. In this article we’ll break down how to navigate the world of commercial real estate in Los Angeles, and explore what your day-to-day may look like as a commercial real estate broker. Despite the challenges, a career in real estate can be profitable and highly rewarding.

What does a work day look like in commercial real estate in Los Angeles?

Your daily routine and activities as a commercial real estate agent may be different depending on a variety of factors. What part of the market do you focus on? What type of properties do you specialize in? How long have you been in the business? Do you have a team of employees or are you working alone?

In your day-to-day as a commercial real estate broker, you may need to make cold calls to building owners or businesses. Steven Taylor of Los Angeles, says cold calls can feel intimidating to new real estate agents, but soon will become routine. As a broker, you’ll get into the habit of studying the current payment rates for properties in your area and interpreting current leases of prospective buyers.

Many commercial agents spend a lot of time calculating break-even ratios for properties, and reviewing reports. You may also need to study data from the city like the market reports from the Chamber of Commerce. A more exciting part of a commercial real estate broker’s day is often visiting potential properties or checking out popular competing properties to evaluate them. Overall, navigating commercial real estate involves more day-to-day in-depth analysis than in the residential real estate industry.

What do commissions look like in the world of commercial real estate?

Many people get into commercial real estate for the money. It’s true - you can make some very big commissions working in the commercial market. But, compared to the residential market, the process can take a lot longer. It can often take several months or more for a deal to move to closing. To be a commercial real estate broker, you need to have patience.

Client relationships require a different approach in commercial real estate.

In residential real estate, the majority of the client relationship takes place up front. Helping your client find a home they love is the goal, and the back-end work just seals the deal. As long as everything goes smoothly, if your client loves the property, they are happy...and likely to refer you to others.

In commercial real estate, the client relationship needs to be navigated a bit differently. Lease clients or commercial buyers have a lot at stake, and are typically much more concerned with the back end of the deal. Los Angeles native, Steven Taylor, says that in the LA area, clients typically want to be involved in financial details, hear about research, and understand the big picture before closing. In your day-to-day as a commercial broker, you’ll spend more time talking to buyers about statistics than you would in residential real estate. It can feel like a lot of work, but in the end, commercial real estate can be interesting, detail oriented, and very rewarding.

Steven Taylor — Los Angeles, What Makes it Such a Special Place to Live — An Insider’s View

 

Los Angeles hike with Steven Taylor and family

Los Angeles isn’t only one of the world’s most popular places to visit on vacation, it is also an exceptional place to live, work, and play. Long time residents, like Los Angeles native, Steven Taylor, say they get the best of all worlds living in LA. From downtown skylines to mountain ranges, bustling restaurants to hole in the wall coffee shops, and business district apartments to family friendly neighborhoods — there is something for everyone. In this article, we’ll share a few reasons Los Angeles is such a special place to live, from an insider’s view.

Los Angeles is truly a melting pot.

LA is truly diverse — it is one of only two cities in the US that does not have a majority population. Los Angeles is full of people from many cultures, backgrounds, and ethnicities — its residents hail from over 140 countries and the LA population speaks almost 100 languages. Not only will you find many cultures, but there is a wide variety of neighborhoods and socio-economic communities. You can find people of every religion, belief system, and lifestyle here. Los Angeles’ vast diversity has led to incredible food, art, entertainment, and community scenes, which people come from all over the world to experience.

Los Angeles offers an endless amount of things to do.

If there is one thing that everyone can agree on about Los Angeles, it’s that you’ll never be bored. Steven Taylor Los Angeles native, loves that the LA area has countless activities that he can enjoy with his whole family. Residents who enjoy the outdoors take advantage of more than 80 miles of coastline and beaches, in addition to the plethora of state parks, hiking trails, bike paths, horseback riding, and nearby mountains for skiing and snowboarding.

For residents who are looking for entertainment and educational activities, Los Angeles has hundreds of museums, as well as Zoos and Aquariums. Southern California is also home to theme parks, professional sports arenas, concert venues, and world famous tourist attractions that even the locals can appreciate.

Los Angeles is environmentally progressive.

If you care about your carbon footprint and waste impact, Los Angeles is a great place to live. LA may be known for its layer of smog, but Angelenos are also known for being environmentally conscious. The area has a growing number of energy efficient buildings, and is the number one city in the United State for solar power use. Angelenos are also on top of their waste management and recycling — LA has the highest recycling rate of all big cities in America. While there still may be pollution from all the traffic, Los Angeles is making progress in the right direction to keep our environment safe.

Los Angeles has an exceptional restaurant scene.

Those who live in Los Angeles have access 24 hours to an immense amount of restaurant and dining experiences. Between the bars, restaurants, food trucks, pop-ups, and stands, you can find any type of cuisine at any time of day. LA has become known around the world for it’s dynamic food scene, primarily due to its expansive diversity and culture. If you want to experience why Los Angeles is such a special place to live, Los Angeles native Steven Taylor says there is no better way than to taste the food!

Originally published at https://steventaylorlandlord.com on March 17, 2021.

Taylor Equities

 

Steven Taylor | President

Steven Taylor of Los Angeles, founded Taylor Equities (TE) in 2015 with the hopes of establishing a family run business focused on acquiring long term passive income opportunities. Prior to TE, Steven founded Ness Holdings Inc., a privately held Real Estate Investment fund which was fully capitalized by high net worth individuals. The Fund was a discretionary fund requiring only the approval of Steven Taylor. Additionally, he possesses vast experience in the California real estate market and has completed over $500 million in transactions totaling nearly one billion square feet. Prior to Ness, he served as Vice President of GVA Daum’s Los Angeles office, one of the regions premier commercial real estate firms. During his time there, he had been consistently recognized as one of the firm’s top producers in terms of transaction volume and commissions earned.

Steven is currently on the Board of Governors at Cedar Sinai Hospital, on the Leadership Advisory Committee at Vista Del Mar and on the Board at Brawerman Elementary School. Steven was recently recognized as a benefactor for the Friends of Israeli Forcers (FIDF) after sponsoring 10 soldiers to attend college for all four years as well as sponsoring the “Flying Lions” battalion. Steven enjoys being active, philanthropic, and spending time with his family. He currently lives in Los Angeles with his wife and three children.

Originally published at https://taylorequities.com.

Steven Taylor on What to Look for in Los Angeles Commercial Real Estate

Steven Taylor- Los Angeles What a view

If you’re an investor interested in joining the game of commercial real estate, Los Angeles is a popular market. Commercial property can be a lucrative asset, but all real estate investments are inherently risky. Like in any other city, it is essential that you put your capital into the right building. By properly researching Los Angeles properties and looking out for red flags, you can make sure you are picking up a property with a good chance of success.

But what do you look for in Los Angeles commercial real estate? In this article, Steven Taylor, of Los Angeles, shares his expertise on what signs to look for on your journey to invest.

What do investors look for in Los Angeles neighborhoods?

In Los Angeles, it’s often a very fine line between a downtrodden area that is about to skyrocket, and a neighborhood that is going downhill. Buying in a low value area can be a fantastic opportunity to get in on the ground floor before a neighborhood becomes popular, but it only works if things go your way. When looking at buying commercial real estate in Los Angeles, you want to look not just at the specific neighborhood, but the growth of the entire surrounding area. Where is the movement coming from? Get specific. You can never do too much research. Los Angeles native Steven Taylor, an experienced commercial real estate investor, says to look closely at job growth in an area. If local businesses are expanding and hiring, the market could be on the rise.

On the other hand, you should be looking out for red flags that a neighborhood is heading downhill. Watch for businesses shutting down, influxes of renters moving out, and declining traffic. Don’t be afraid to ask — talking with local business owners directly can be a great way to get clear insights about a neighborhood.

How does a commercial real estate investor assess property condition?

When investing in Los Angeles commercial real estate, one of the most important purchasing factors is the property condition. While it can be profitable to buy a property as a fixer-upper, if the building needs extensive repairs to function successfully, you have a lot to consider. There are a lot of old buildings in LA — some just need repairs for cosmetic appearances, but some need a complete overhaul to be usable. If you aren’t careful, you may get stuck in a situation dealing with repairs that cost you more than they’re worth. If you’re looking for a property you can improve without ending up with a money pit, here are a few signs Los Angeles native Steven Taylor looks out for:

Los Angeles Commercial Real Estate checklist:

1. High ceilings: It is common for renters of commercial properties to require high ceilings to operate correctly. While low ceilings can be raised, it can be unpredictable how construction will go until you get started, and there can be a lot of unexpected costs. Make sure ceilings are in good condition, and that the ceiling height fits the needs of renters before investing.
2. Good roof: One of the most common and expensive repairs for a commercial building is updating the roof. If a commercial building needs a new roof, it is going to cost significantly more than it would at a residential real estate property. When looking for properties in Los Angeles, focus on buildings with strong roofs with minimal leaks or damage.
3. Strong walls and floors: Steven Taylor always walks through a commercial property looking for small signs of bigger damage and issues. Look thoroughly for any small cracks or other signs of settling in the floor or walls. If there is anything unusual, have it looked into immediately. A good commercial real estate property has a solid foundation that won’t settle.
4. No environmental damage: In Los Angeles, there are a lot of commercial properties in industrial areas. If you are purchasing a building in one of these areas, you want to look out for clean buildings that don’t have any sort of contamination. Environmental contamination can turn into another money pit, so be on watch for any chemicals or other contaminants that could affect the working or renting conditions of the building.

Originally published at http://steventaylorlandlord.wordpress.com on February 11, 2021.

 

Steven Taylor – Moving to Los Angeles? Here’s What You Need to Know

 

Steven Taylor Los Angeles

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If you’re thinking of moving to Los Angeles, you probably have a lot of questions. Los Angeles is clearly a popular place to live — 3.9 million people currently choose to live in the LA area. But, is it right for you? Before you make any move, you should do some market research. It is important to understand the culture, lifestyle, real estate, and other aspects of a city prior to making a jump. In this article Steven Taylor, Los Angeles Native and real estate professional, answers some of the most common questions people ask him when first moving to Los Angeles.

Who will I meet in Los Angeles?

One of the most beautiful things about Los Angeles is its diversity. LA has always been known as a melting pot, and for good reason. The city has great cultural, ethnic, and experiential diversity. Moving to Los Angeles can expand your horizons — according to the 2019 US census, Southern California residents hail from 180 different countries, and 59.1% of people speak a language other than English. With a population of 3,979,537, LA is home to many different cultures. The city is currently 49% Hispanic, 29% White, 8% Black, and 12% Asian. This diversity contributes to Los Angeles’ epic cultural, art, and food scenes!

In Los Angeles, you will meet people with passion. A large portion of LA residents are transplants, who moved to the west coast to pursue their goals. Everyone has their own reasons for coming to LA, but it has always been a home for big dreamers. Whether you’re an entrepreneur or hoping to become a star, you will meet like-minded people in Los Angeles.

What do people do for work in Los Angeles?

Los Angeles is a land full of opportunities. Whether you are looking for a more traditional work lifestyle, hope to work from home, or are pursuing seasonal or gig work in the entertainment industry, there is work for you in LA.

When people think of LA, many of them first think of the entertainment industry. While it’s true that many Angelenos are employed in the world of film and television, some of the most common jobs in LA outside of Hollywood are retail, real estate, tourism, healthcare, and education.

While many people still work 9–6 type office jobs in Los Angeles, a large portion of the population works on flexible schedules. Jobs in entertainment, fashion, hospitality, and other industries provide the opportunity to make your own hours or work an atypical schedule. Los Angeles native, Steven Taylor, says this means you’ll find more people out and about exploring the city during typical weekday “working hours”.

Is the traffic really that bad in Los Angeles?

This quick answer is — yes. Unfortunately, sitting in traffic is part of the reality of living in Los Angeles. How bad is the traffic? That depends on where you are coming from, where you are going, and at what time. While Los Angeles does have public transportation, most people still commute by car. The COVID-19 pandemic has decreased traffic as more people are working from home, but the problem is not completely solved.

There are wonderful rewards that come with living in Los Angeles, so traffic is an annoyance many people are willing to put up with to live here. The best thing you can do is avoid driving on the major highways at peak hours, and take public transportation when you can! No one likes traffic, but Los Angeles native, Stephen Taylor, says it’s worth it to experience all that Los Angeles has to offer its residents.

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Originally published at https://steventaylorlandlord.com on February 5, 2021.

The Best Beaches in Los Angeles — Steven Taylor

 

Steven Taylor in  Los Angeles with family at the beach

Los Angeles is famous for many things including its food, art, entertainment, and culture. Los Angeles is also known for its biodiversity — it is a short drive to an incredible variety of mountains, deserts, and beaches. Los Angeles native, Steven Taylor has witnessed firsthand the pull of LA’s beautiful beaches for homebuyers. As a real estate expert, he is familiar with the many amazing beaches along the stretch of coastline from Malibu to the Southbay. In this article, he shares the best beaches in Los Angeles, whether you’re a local looking for your new favorite spot, or a tourist exploring for the day.

Venice Beach

Venice beach is a hotspot in Los Angeles for homeowners and visitors alike, and it’s plain to see why it’s so popular. Venice has always been known for its artsy, hippie vibe. It’s a home to surfers, creatives, designers and all of those who want to soak up the scenery they provide. Walk the oceanfront boardwalk that runs the length of the coastline to find artists and street performers, as you check out the surf and soak in the sun. If you’re interested in real estate, wander the Venice Canals to find uniquely beautiful homes perched along the water.

El Matador

El Matador is a secluded beach in Malibu with a rocky coastline, beautiful sand, and waves worth watching. The area is a popular spot for photo shoots and beach dates due to its romantic scenery and close proximity to a variety of great shops and restaurants. If you’re looking to make a day of it, El Matador State Beach is a great choice for locals and tourists alike.

Malibu Surfrider Beach

The Surfrider beach in Malibu is arguably the best place to surf in the entire Los Angeles area. Not far from the Malibu pier, the beach is famous for its perfectly rideable waves, and approachable waters for both newbies and professionals. If you would prefer to stay safely on the warm beach, you can people-watch the surfers tackle the water instead at this iconic spot.

Santa Monica Beach

LA native, Stephen Taylor, argues that Santa Monica beach may just be the best beach experience for those visiting Los Angeles. The beach boardwalk winds past great shops and dining options. Sunbathers and surfers enjoy views of the skyline and Santa Monica pier, which boasts its own amusement park and arcade. The sandy area of the beach is deep and wide, making it perfect for social distancing. The beach is also great for getting a good workout in — there are multiple outdoor exercise areas and plenty of places to rent a beach cruiser for cycling along the bike path. Whether you’re hoping for a lazy afternoon or an active experience, Santa Monica beach is a great option.

Pelican Cove Beach

Located in Palos Verdes, an area that, Steven Taylor, Los Angeles native explains is a real estate hot-spot, Pelican Cove Beach is a place to see. Cliffside mansions line the bluffs of the coastal area, and Pelican Cove Beach allows access to the quiet and secluded waters. The beach is rocky and can only be reached by a steep walking path, but the hike is worth it. Once you reach the bottom, you can experience the tide pools, gorgeous views of Catalina, and popular scuba diving coves. This beach may not be the best choice if you are looking to play in the sand, but it’s great for an afternoon excursion to experience all the nature the LA coastline has to offer.

Originally published at https://steventaylorlandlord.medium.com/the-best-beaches-in-los-angeles-steven-taylor-e4b85731ffa1

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Steven Taylor Taylor Equities

Steven Taylor of Taylor Equities in Los Angeles https://steventaylorlandlord.com/

Steven Taylor — Los Angeles at a Glance — Things to Do in LA in 2021

 

Steven Taylor Los Angeles , CA

Even in the midst of a pandemic, Los Angeles is full of things to do. If you are looking for safe activities for a date night, family outing, or solo adventure, there are plenty of fun options to explore. Whether you’re interested in checking out LA’s extensive dining scene, getting out into nature, or discovering new art, there’s something in LA for everyone. Many of Los Angeles’ best landmarks are still accessible to locals and visitors. Here is a list of 4 fun, affordable activities you can do in Los Angeles in 2021.

One of Los Angeles’ defining features is it’s close proximity to great beaches and coastal scenery, but many locals don’t take advantage. If you’re looking to get out of the house, head over to the coast and take a cruise up the Pacific Coast Highway to Malibu or Ventura. Steven Taylor Los Angeles native, recommends LA residents and tourists alike check out the Palos Verdes peninsula, where you can see beautiful oceanfront views, winding coastal roads, and dramatic bluffs. Soak up the scenery, and check out some impressive real estate along the drive!

Los Angeles is known for its diversity, culture, and creativity, all which contribute to the city’s top-notch dining scene. While restaurants are still closed for indoor dining as of January 2021, plenty of LA’s best restaurants are open for to-go orders. Chefs are getting more and more creative, and many spots have multiple course tasting menus available for those who want to step up their dining-at-home game. The LA Times is even hosting virtual dinner parties that are a collaboration with local chefs and celebrities. Just because you can’t dine out doesn’t mean you can’t enjoy the best food experiences LA has to offer.

If you’re feeling cooped up inside, getting out to take a bike ride can be a great way to reset. If you don’t own a bike, there are many places to rent along the boardwalk in Venice. If you’re looking for a city ride, you can venture into downtown Santa Monica to ride along their well-developed bike lanes. If you’re feeling more adventurous, you can bike the Strand, a twenty-two mile bike path along the Marvin Braude Trail, which traces the coastline. Start at Will Rogers state beach, and make your way all the way down to Torrance if you’re ready for a workout! Los Angeles native, Steven Taylor, likes to explore the tail with his kids, making it an event for the whole family.

Due to the pandemic, many people are missing the experience of going to the movie theatre, and tired of watching movies on the couch. The good news is that the Southern California area has several options for drive-in movie theaters that make for a great family outing or date night. Drive in movies are affordable, fun, and can be a nostalgic throwback to simpler times. Lucky for you, LA Magazine put together this comprehensive list of current drive-in and outdoor movie options.

Originally published at https://steventaylorlandlord.com on January 19, 2021.