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Daniel Morgan Profile
Daniel Morgan

@dtmorgan18

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Managing Principal of Marterra. Brokerage, Property Management & Real Estate Investment. Proud quasi-functioning dyslexic.

Costa Mesa, CA
Joined December 2010
Don't wanna be here? Send us removal request.
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@dtmorgan18
Daniel Morgan
11 months
I send out a monthly email with insights from our brokerage, property management and investment businesses. You can sign up here 👇🏼:
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@dtmorgan18
Daniel Morgan
2 years
@__mihir My kids have no income, can’t squat 200lbs and literally have no pull with any government officials. Dropped them off at the orphanage - I can’t have them pulling me down.
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@dtmorgan18
Daniel Morgan
22 days
@Austen Amazon can't sell Dune 2. They have a license that expires; when their license expires, you no longer are able to watch it. Are you really buying it, or is it like a very long-term rental?
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@dtmorgan18
Daniel Morgan
3 months
Has anything ever ripped as much as Napoleon Dynamite? It was shot in 23 days. Budget: $400k Box Office: +$46M
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@dtmorgan18
Daniel Morgan
2 months
HOAs are pointless. Counterpoint:
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@dtmorgan18
Daniel Morgan
1 month
@litcapital We really had it all, didn’t we?
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@dtmorgan18
Daniel Morgan
1 month
@jackkk_pot @ErnieBrownII Peak urban planning right there.
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@dtmorgan18
Daniel Morgan
3 months
Why not just raise your prices 4%?
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@dtmorgan18
Daniel Morgan
2 months
There is a reason a California is expensive.
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@dtmorgan18
Daniel Morgan
4 months
We manage a unit in a HOA. The water heater is out. HOA says we can’t replace it until the board votes Wed. Hot water is required for habitability. We told them send us a letter accepting all liability for claims & lost rents & we will wait.
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@dtmorgan18
Daniel Morgan
22 days
@gunsnrosesgirl3 Literally, nothing is waterproofed in UAE (because it rarely rains). This is going to cause an insane amount of damage.
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@dtmorgan18
Daniel Morgan
2 months
Name a piece of home tech that had a bigger gap between expectations and reality that this piece of garbage
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@dtmorgan18
Daniel Morgan
23 days
It seems as if there is a shortage of CPAs. My CPA and several others I know are not taking on new clients. Is anyone else seeing this?
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@dtmorgan18
Daniel Morgan
3 months
@nayibbukele I was in El Salvador earlier this year. I never once felt uncomfortable or unsafe. What you’ve accomplished is unprecedented. 🫡
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@dtmorgan18
Daniel Morgan
5 months
I just bought a dozen donuts for $52 (pre tip) AMA
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@dtmorgan18
Daniel Morgan
3 months
Stay with me for a second. What if we dug holes to fill up with water when in rained, so we could “reserve” water for later. Still workshopping a name for the product, maybe a “resavoir”
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@dtmorgan18
Daniel Morgan
2 months
Can I say something without you guys getting mad? Downtown Los Angeles is actually pretty awesome.
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@dtmorgan18
Daniel Morgan
5 months
I’m firing a client today with a pretty large portfolio. Being disrespectful respectful to our staff while they are making earnest efforts to solve your problem is a zero tolerance fireable offense.
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@dtmorgan18
Daniel Morgan
2 years
Lord, grant me the confidence of a rural self storage GP.
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@dtmorgan18
Daniel Morgan
2 months
Im once again asking you to just raise your prices.
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@dtmorgan18
Daniel Morgan
3 months
I hired an attorney from a fairly large law firm to handle a sizable issue I’ve been dealing with. So far my experience leads me to believe he is better at billing than he at lawyering.
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@dtmorgan18
Daniel Morgan
5 months
@BillAckman @Harvard @MIT I hope a few resignations and firings don’t lead us to believe the problems are solved. We need to evaluate how these people came to positions of influence and make sure we don’t repeat our mistakes.
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@dtmorgan18
Daniel Morgan
6 months
I'll say it louder for the people in the back. Austin is a tier 3 city.
@DallasAptGP
Barrett Linburg
6 months
American Airlines is cutting HALF of the destinations from Austin Airport
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@dtmorgan18
Daniel Morgan
1 month
Where exactly in the US can I retire on $1.46m?
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@dtmorgan18
Daniel Morgan
3 months
$52 Feels like a deal. I think we’ve broken the back of inflation.
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@dtmorgan18
Daniel Morgan
4 months
Lady at gym today: good job today, but you got rid of this thing (pointing to my belly) Me: huh? Lady: how often do you work out? Me: four days a week Lady: make it six and walk on the treadmill inclined with weighted vest everyday, you don’t need more than 20 poundss in the…
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@dtmorgan18
Daniel Morgan
1 year
I judge people hard when they compromise their integrity over small $ Years ago, I had lunch w/ a broker who wanted to partner on a deal. Dude ordered h2o & then filled his cup up w/ 7up. It shook me. If you cheat someone out of $0.75, what’s happening when real $ is on the line
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@dtmorgan18
Daniel Morgan
4 months
Hear me out. Humans survived for somewhere between thousands of years and millions of years without taking their golden doodles to target for emotional support. Maybe allowing humans to take their living security blankets with them everywhere they go is not a good thing?
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@dtmorgan18
Daniel Morgan
4 months
PSA: if your rental property cash flows $150/month, it’s doesn’t cash flow. Repairs and maintenance will more than eat that up. It’s not an asset, it’s an underfunded liability.
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@dtmorgan18
Daniel Morgan
2 months
Cash is trash. I keep all my money and forever stamps. The truest inflation hedge on the planet.
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@dtmorgan18
Daniel Morgan
1 month
A buyers agents I’m working w/ right now is in the running to be my least favorite agent ever. I asked for an update today, she responds Danielle, I’m on vacation Every time we talk, the first thing she says: I’m on a boat I’m skiing I’m at dinner I’m at the airport I can’t.
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@dtmorgan18
Daniel Morgan
20 days
New worst nightmare just dropped.
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@dtmorgan18
Daniel Morgan
1 year
Trillion-dollar start-up idea: General contractor but not an idiot nor a crook. Who is building this?
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@dtmorgan18
Daniel Morgan
5 months
@rohindhar “Not for for the faint of heart” That’s a first for me.
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@dtmorgan18
Daniel Morgan
22 days
@gahoundini @Austen @FTC wen class action szn?
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@dtmorgan18
Daniel Morgan
3 months
I’ll say it louder for the people in the back. 👏A👏low👏center👏of👏gravity👏is👏an👏evolutionary👏advantage👏 5’8 is the apex of human evolution.
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@dtmorgan18
Daniel Morgan
3 months
My 3rd grade daughter, reads at a 6th grade level. She just received the an Excessive Excused Absence Notice from the school. My gut reaction is a Mark Twain quote: I have never let schooling interfere with my education. Am I wrong?
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@dtmorgan18
Daniel Morgan
16 days
Can I say something without you guys getting mad? I think I'm writing this guy in for President.
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@dtmorgan18
Daniel Morgan
22 days
@SemperVigilant1 @Austen all movies, I would assume
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@dtmorgan18
Daniel Morgan
11 months
There’s an account encouraging folks to buy land. I spent a good portion of my career in the development & entitlement space, incl. ~4 yrs working out busted land deals for the Lehman bk estate. Let me say the following: Land is an easy way to lose $, and a hard way to make $.
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@dtmorgan18
Daniel Morgan
4 months
I make a concerted effort to avoid places like this.
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@dtmorgan18
Daniel Morgan
1 month
We had a squatter at one of our properties, luckily, Management was able to get them out before they were able to establish any “rights”. These knuckleheads absolutely wrecked the place. They spray-painted the lights, red and the air ducks black. 4k in damage. To what end?
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@dtmorgan18
Daniel Morgan
21 days
A buddy's insurance company just dropped him for non-payment. His credit card was charged, then the insurance company reversed the charge, and THEN they dropped him for non-payment. It's wild out there in the insurance space.
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@dtmorgan18
Daniel Morgan
12 days
I was driving to El Pollo Loco, but something inside me wouldn't let me stop. Be brave. Try new things. The world will reward you.
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@dtmorgan18
Daniel Morgan
10 months
Ah, we are f*cked. I'm having dinner w/ a big law corporate capital markets guy. He just mentioned a coming “wall of maturities.” I was like, “I know cre is SOL, lolz.” Broseph is talking about a corporate, not cre. JPow is about to Houdini the cash on the sidelines.
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@dtmorgan18
Daniel Morgan
9 months
This is the sort of insightful analysis that earns my business.
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@dtmorgan18
Daniel Morgan
1 year
Our kids have some kids over for their first play date today and one the kids asks if they can stay over for dinner. My wife says sure and asks if the girls would like spaghetti for dinner. The girl responds back, “no thank you Christine can you make steak with chimichuri”.
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@dtmorgan18
Daniel Morgan
2 months
WHAT'S WRONG WITH THIS MEAT? WHY IS IT BURNT, RAW, AND THEN OVERCOOKED IN THE MIDDLE. YOU WOULD NEVER FIND THIS IN CALIFORNIA BBQ. SMDH.
@Jason
@jason
2 months
Austin ain’t playing around
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@dtmorgan18
Daniel Morgan
6 months
You may not believe me, but getting a construction loan from a bank right now is VERY hard.
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@dtmorgan18
Daniel Morgan
2 years
Last year we started pulling out garbage disposals across our apartment portfolio during turnover/renovation and replacing them with sempre screens. End result for those units: $0 garbage disposal maintenance and 0 complaints about lack of garbage disposals.
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@dtmorgan18
Daniel Morgan
1 month
Remember when the FIRE movement tried to tell us being poor was actually being rich?
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@dtmorgan18
Daniel Morgan
3 months
I listened to License To Ill this AM. The album holds up. What album stands out the most from your formative years?
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@dtmorgan18
Daniel Morgan
3 months
There will be signs.
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@dtmorgan18
Daniel Morgan
3 months
@KevinKileyCA We are lost
@dtmorgan18
Daniel Morgan
3 months
Stay with me for a second. What if we dug holes to fill up with water when in rained, so we could “reserve” water for later. Still workshopping a name for the product, maybe a “resavoir”
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@dtmorgan18
Daniel Morgan
2 years
I’m crying right now.
@ADeermount
Adam Deermount
2 years
Omg
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@dtmorgan18
Daniel Morgan
2 years
My main capital partner and biggest client just called and told me to charge their properties a few thousand dollars and to pass it on my team as a supplements to their bonuses. I’m so thankful to have the opportunity to do what I love in the service of genuinely good people.
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@dtmorgan18
Daniel Morgan
2 months
I met w/ an agent yesterday & he was telling me about this buyer he met through a lead gen program. The guy is looking for 3.9m home and lives in New York. Trades crypto Only communicates via whatsapp Offered to teach the agent to trade crypto It broke my heart to tell this kid
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@dtmorgan18
Daniel Morgan
10 months
A client who lives in a high fire zone in Corona, just emailed me asking about their renewal they got from Farmers. Was $1,160 last year, this year it was $7,669. Farmers has left the building.
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@dtmorgan18
Daniel Morgan
4 months
Why isn’t this more common?
@ChrisRamsey60
Chris Ramsey | SMB and R.E.
4 months
New cafe opened near me that serves coffee in the morning and cocktails at night. The place is so busy they had to buy the lot next door for more parking.
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Daniel Morgan
3 months
Why do we charge a full month’s security deposit when tenants have great credit? Because every time we have an inherited tenant with a $500 deposit move out the unit looks like this. Every damn time.
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Daniel Morgan
22 days
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@dtmorgan18
Daniel Morgan
2 months
Well, I am for one, am shocked.
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@dtmorgan18
Daniel Morgan
2 months
From across the channel - walking distance from our 36th street listing.
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@dtmorgan18
Daniel Morgan
1 month
@nayibbukele I can't imagine a better set up for an economic boom than freeing a country from the tyranny of corruption. I have never seen a more optimistic population than the people of El Salvador when I visited early this year. Long El Salvador.
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@dtmorgan18
Daniel Morgan
1 year
Billion dollar idea: after hours plumber who is also not a crook.
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@dtmorgan18
Daniel Morgan
5 months
If someone wanted to short Miami, what would be the best way to go about that? Asking for a friend.
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@dtmorgan18
Daniel Morgan
1 year
Single family transactional market has totally shifted. Huge spike in volume. Buyers are buying, not even close to enough sellers.
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@dtmorgan18
Daniel Morgan
3 months
In case you didn't know, all the best soups are Korean.
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@dtmorgan18
Daniel Morgan
4 months
Short-term rentals are a commercial use in residential zoning. Change my mind.
@TonyPeric
Tony Peric
4 months
Las Vegas ain't messing around with illegal STRs on Airbnb and VBRO anymore: $180,000 fine for illegal short-term rental in Las Vegas
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@dtmorgan18
Daniel Morgan
4 months
Today we are adding a new line to our lease: "Tenant is solely responsible for determining the appropriate dimensions for appliances they purchase on their own. Housing Provider will not modify the property to accommodate appliances that are not the appropriate size".
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@dtmorgan18
Daniel Morgan
1 month
Leaving this without comment.
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@dtmorgan18
Daniel Morgan
1 year
My banker at @firstrepublic has been proactive in communication. He and the management team have my full confidence. Our deposits are safe and are staying put.
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@dtmorgan18
Daniel Morgan
5 months
Here me out: Or we could build reservoirs and actually save our rainwater?
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@unusual_whales
unusual_whales
5 months
California has approved new regulations to allow wastewater from showers and toilets to be purified into drinking water, as the nation’s most populous state braces for years of drought-induced shortages, per NYT.
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@dtmorgan18
Daniel Morgan
3 years
13. Whether you intend to hire a property manager or not, you need to include a management fee in your underwriting. If a mgmt fee causes your cash flow to go negative, you aren’t buying an investment, congrats you just bought a low paying job.
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@dtmorgan18
Daniel Morgan
3 years
My wife insists on showing up 3 hours early to southwest flights at John Wayne. We have TSA pre check. AMA.
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@dtmorgan18
Daniel Morgan
5 months
I know folks are down on X - but it remains👑. Last night I signed a term sheet w/ a bank I never heard of off the rec. of someone with 11 followers (includ. me). I dropped the guy's name, & the relationship manager said he doesn't UW his deals anymore, it's just approved.
@dtmorgan18
Daniel Morgan
6 months
You may not believe me, but getting a construction loan from a bank right now is VERY hard.
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@dtmorgan18
Daniel Morgan
3 months
@cheapie24 That looks like $37, at least.
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@dtmorgan18
Daniel Morgan
3 years
Trigger warning 🚨🚨🚨: the below is a list of mild to wild hot takes that I at least partially believe to be true.
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@dtmorgan18
Daniel Morgan
21 days
Correct me if I’m wrong here, but 20% of the respondents are admitting that they would violate fair housing laws.
@rohindhar
Rohin Dhar
21 days
Imagine you’re selling your house… A “hedge fund” offers you $500k A family offers $400k Which offer do you accept?
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@dtmorgan18
Daniel Morgan
3 months
@jasoncoxnc It was $1.36, i wouldn’t notice the price difference, but I notice the surcharge.
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@dtmorgan18
Daniel Morgan
2 months
I stopped cold calling. I started cold answering. Cold Caller: Hi Mr. Morgan! Do you have a few minutes to chat about life insurance? Me: Sure, but first, can we chat about your skincare regimen?
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@dtmorgan18
Daniel Morgan
19 days
Is it possible to be a Stanford alumnus without it being an overwhelming part of your identity?
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@dtmorgan18
Daniel Morgan
3 months
Today is the day. I’m putting it into the universe. We will receive final project approval.
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@dtmorgan18
Daniel Morgan
5 months
For every 10 likes I will ask Chatgpt to make this neighborhood less bike friendly.
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@dtmorgan18
Daniel Morgan
3 months
A family of 2 workers making $20/hr will gross about $83K/year. The max they qualify for is $2.3K (that's a studio in our market). If they don't win the affordable housing lottery, they are SOL. We need to lower market rents, & the only way to do that is to build more homes.
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@dtmorgan18
Daniel Morgan
1 month
It’s a good day for a great day.
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@dtmorgan18
Daniel Morgan
1 month
I just saw this on the road. Worst example of car brain I’ve ever seen. Total death machine, the vehicular arms race must stop.
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@dtmorgan18
Daniel Morgan
1 month
Can you imagine the amount of Monster Energy drinks that was consumed at this event?
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@dtmorgan18
Daniel Morgan
2 years
Bigger pockets is the webmd of real estate investing. Change my mind.
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@dtmorgan18
Daniel Morgan
1 month
@moseskagan I am now putting all my excess funds into the federal government. Feels like a great risk adjusted return.
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@dtmorgan18
Daniel Morgan
1 month
@Bubblebathgirl It's true though, Robert Moses admitted
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@dtmorgan18
Daniel Morgan
4 months
Grown adults who fly at least once a year and don’t at least have TSA pre check need to be detained and questioned.
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@dtmorgan18
Daniel Morgan
2 years
Seems obvious, but like, at a minimum, you should Google a person/company before you send them money.
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@dtmorgan18
Daniel Morgan
6 months
@moseskagan @ArtemTepler Absolutely devastating. I know this isn’t the time, but I can’t help but think ULA and other reckless regulations were contributing factors. I don’t think policy makers understand the risks folks take to deliver housing (a thing most of them agree they want).
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@dtmorgan18
Daniel Morgan
2 months
I’m never deleting this app.
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@dtmorgan18
Daniel Morgan
2 years
I know I’m a little late to the party on this one, but Cost segregation and bonus depreciation is absolutely wild.
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@dtmorgan18
Daniel Morgan
3 years
+9 years ago my wife and I were preparing to do a little painting at our house. We left to run a short errand and our dog some how opened an opened gallon of paint. My dude then freaks out runs all over the house. I mean every square inch of the house and furniture.
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@dtmorgan18
Daniel Morgan
9 days
Billion Dollar idea. An annual subscription to a service that provides you with appropriate cards for each holiday for your wife. Who is building this?
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@dtmorgan18
Daniel Morgan
2 years
I just filled up my Tahoe, AMA.
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@dtmorgan18
Daniel Morgan
3 years
11. Most levels of government should be investing more money in planting trees in low income areas.
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Daniel Morgan
7 months
LA cap rates need to be 100-200 bps higher than OC or SD to account for regulatory risk. “while a judge has ruled that, under L.A.’s rent control law, there’s no legal reason to evict her.” @trdny
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