Inspiration From Ray Dalio

What Howard Rudzki Says:

This post should be read by all.  These are words of wisdom.


dalioThe evolutionary process is about discovering people’s likes and dislikes as well as their strengths and weaknesses; it occurs when people are put into jobs they are likely to succeed at, but in which they have to stretch themselves.

Each person’s career will evolve based on what we all learn about what the person is like. To see this principle in action, check out this week’s Case of the Week:  #principleoftheday
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Ray Dalio

“This is your personal evolution.” Here’s how it works. “Step one is to know your goals and run after them,” Dalio says in the series. “What is best for you depends on your nature, so you need to really understand yourself and know what you want to achieve in life.” May 9, 2018
Works written: Principles
Raymond Thomas Dalio is an American billionaire hedge fund manager and philanthropist who has served as co-chief investment officer of Bridgewater Associates since 1985. He founded Bridgewater in 1975 in New York. Within ten years, it was infused with a US$5 million investment from the World Bank’s retirement fund. Wikipedia

Haynes International Motor Museum

You probably know ex-RAF officer John Haynes (1938-2019) as the man behind the popular repair workshop motor manuals. He once said that his book publishing was very good to him, and that Haynes International Motor Museum was his way of giving something back. (The museum is an educational trust.) Opened in 1985 under the direction of Richard Noble, who is known for breaking the land speed record in 1983 at a velocity of 633.468 mph, the Haynes International Motor Museum is located the village of Sparkford in the heart of rural Somerset, U.K. It is a living and working environment with over 400 superb cars, bikes, and motoring memorabilia from around the world in collection displayed in 19 individual exhibitions. Staff call it a “Museum in Motion.”

What Howard Rudzki says:

I’ve been lucky enough to visit this museum twice and I highly recommend if you are in the area to visit.  It’s an amazing collection.

Of these exhibitions, the most famous is “The Red Room,” displaying more than 40 red sports cars from around the world. Most vehicles are owned by the museum but it accepts donations and long-term loans for the collections.

From Haynes International Motor Museum

“Founded in 1985 by the creator of the famous Haynes Manuals John Harold Haynes OBE, Haynes International Motor Museum is one of the South West’s prime tourist attractions. This world class motor museum displays more than 400 vehicles, and is enjoyed by over 125,000 people a year. Open 361 days of the year, visitors often stop to refuel at our Café 750, serving freshly cooked, local produce. Our Museum shop is also the perfect place to pick up something quirky for any car enthusiasts with its leading range of souvenirs and merchandise. Visit our website for more information.”

Prefabricated Construction Set to Reach $19.3 Billion by 2024

The future of the prefabricated construction market looks attractive with opportunities in both residential and commercial construction. According to a recent release by Report Buyer, the prefabricated housing market is expected to reach $19.3 billion by 2024 with a CAGR of 4.6% from 2019 to 2024. The major drivers for this market are increasing construction activities, and eco-friendly practices.

“There is a definite cost benefit to building pre-fab or modular structures that can be assembled very quickly,” says real estate developer Howard Rudzki. “Modular buildings offer a range of options that give builders increased flexibility when it comes to costs and aesthetics. Although modular building is not right for every residential or commercial building application, when they can be used, this type of construction can save developers money and time.”

With modular structures, the majority of construction is completed off-site, so it takes very few actual workers to put a building together. In most cases, the materials cost less when erecting prefabricated buildings and significantly less labor is needed. Additionally, in many cases, modular construction can accelerate development timelines by up to 50 percent, because various parts of a project are undertaken simultaneously, such as the site is being prepped for construction, while the actual building and inspections are taking place offsite.

According to Tom Haridman, executive director of the Modular Building Institute which is a non-profit trade association based in Charlottesville, Virginia, “There are about 225 modular manufacturers in North America, including the companies that do single family modular homes. And the sector is still growing.” Hardiman says, adding that about 50 manufacturers act as their own contractors on projects, while the rest provide building modules to contractors.

In the residential market today prefabricated building manufacturers offer a wide range of different models to choose from. If environmental impact is a concern, a large number of prefabricated buildings are designed to be earth-friendly.

As nice as it is to have an extensive selection of options when it comes to design elements of a property’s structures, it is also beneficial to have a selection of many different price-points to choose from. Prefabricated buildings allow for significant versatility during the construction process.


However, commercial development is more challenging. According to Carlos Serra, managing director of JLL’s Project & Development Services, “Modular buildings require standardization in design.

They have to be boiler plate, which limits the level of customization.” Serra cautions “It has to be driven more by repetition than by one-off projects,” he says. “It works best when a developer can say ‘here’s a mock up, now push out hundreds or thousands of these in standard finishes.’ That’s where we will see the savings. But developers may be getting something that is less architecturally or aesthetically pleasing.”

As a result, certain real estate development asset classes may have more opportunities to leverage modular, construction than others. Hotel companies, in particular, have found benefits to working in such ways.

“They like the quality control aspect,” says Bruce Greenfield, a principal at California-based Architects Orange. “Factories know how to build to a hotel brand’s standards, and that saves training a new crew of field people every time.”

Can Prefab Homes Help Address the Growing Housing Crunch In the US?

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With the need for affordable housing in cities across the United States, demand for prefab and modular homes is rising. The first prefab homes were sold by Sears & Roebuck at the turn of the 20th century and gained popularity during the Great Depression in the 1920s and 30s. But as suburban housing developments grew after World War II, the popularity of prefab homes declined.

“As housing costs have risen across the board, prefab homes offer some relief for those who don’t want to spend a fortune but want to own something of their own,” says Howard Rudzki, CEO of Magnus Investment Partners. “Today, prefab homes are not only more affordable than traditional stick-built homes, but they can also be manufactured faster and more people see these homes as both viable and environmentally responsible options.”

In the 1980s, Rudzki was one of the first developers to build affordable prefab homes in Nevada. The project brought more 100 new homes to low-and middle-income families.

Over the past few years, pre-built wall systems have gained increased popularity during a recent labor shortage among framers, and stats from a recent study released by the National Association of Home Builders (NAHB) show that prefab framing saved 66.5 hours of labor versus on-site construction, when comparing two identical homes.

According to Triad Financial Services, manufactured homes make up almost 70% of all homes under the $150,000 price point across the nation, and the average cost of a prefab home without land was below $70,000.

In many areas around the country, low-cost undeveloped land can still be purchased for a few thousand dollars, making it possible to have a fully functional home for less than $100,000 while remaining within reach of major cities and work centers.

Going forward prefab homes are likely to play a major role in helping reduce the need for low-cost housing options. With budget and time constraints, city governments should consider incentivizing developers to utilize pre-fab housing as they try to address their growing housing issues.


Is Now the Time to Sell a Commercial Property?

The real estate market is unpredictable.  One moment the market is good for selling, but that moment can be fleeting and prices can drop quickly, making it a good time to buy.  Even experienced investors can get caught off-guard.  So how do you know when to sell and when to hold?

According to some research, the commercial real estate is expected to continue to grow over the coming years, but a slowdown is expected. This means that it may be wise to hold onto properties you’ve already purchased until the market turns up again.

“The commercial real estate market can change quickly.  But deciding when to sell involves conducting as much rigorous analysis as when deciding to buy. But, in addition, part of deciding when to sell must also include understanding what the reinvestment opportunities are and the potential tax consequences of holding vs. selling,” says Howard Rudzki, CEO of [x].  

The return on real estate investments vary based on such factors as fluctuations in the market, costs to maintain the property (such as taxes, maintenance, and insurance), the amount of income received, the interest rates, and the type of property.  But as a general rule, buying and holding properties is a great strategy. This is especially for new investors, because it poses fewer risks than other types of investing and offers many benefits.

“Over the long term, a substantial real estate property will grow in value,” Rudzki adds. “You just have to make sure you wait long enough for this to be true. It’s not always easy to decide precisely when to sell, but you can almost guarantee a return on your investment when you hold the property long enough.”

Utilizing a buy and hold real estate investing strategy poses fewer risks than other types of investing and offers many benefits including rental income, tax advantages, appreciation and equity building. However, to take advantage of buy and hold real estate investing, you must make sure that you purchase a quality property and that you manage it well.

Anyone looking to invest in real estate would be wise to first seek an experienced professional to help with their investing decisions and property management needs. With the right team in place, a new investor may find that commercial real estate offers several investing opportunities.

Five Best Malibu Restaurants by Howard Rudzki

There are so many good places to eat at here in Malibu. These of course are but a handful. Enjoy my list.

Neptune’s Net 
(310) 457-3095

 Neptune’s Net allows locals and visitors to experience the real California experience in beautiful Malibu. This hugely popular old-time style fish restaurant with views of the Pacific Ocean is one of L.A.’s most popular seafood spots.

Established in 1956, this has long been the spot for a taste of the old Malibu. Super-casual, you can get everything from fish ‘n’ chips and clam chowder to tacos, burgers and lots of historic flavor — the grill and fryer are the originals.
The place is almost always packed.

The restaurant serves burgers, sandwiches, and fried seafood classics to hungry bikers, as well as Malibu locals and L.A. residents looking to take a far drive down PCH. The All-American, fresh and fried seafood restaurant signature seafood dish is their Neptune’s Net Sampler which is comprised of live crab and lobster alongside New England style clam chowder.

Spruzzo Restaurant & Bar
Spruzzo is right along famed Zuma beach and has become a go-to spot for pizza among locals and tourists alike. In their new remodeled dining room or at their firepit on their patio, enjoy their wood-fired pies large pasta portions. Their lounge is a great place to sip a cocktail with a friend or on a date, watching a sports game. Stop by the only Italian restaurant in Malibu with a fabulous ocean view that uses a wood-fired brick oven in order to make traditional Italian style pizza.
Saddle Peak Lodge 
(818) 222-3888
Nestled in the foothills of the Santa Monica Mountains, Saddle Peak Lodge presents critically-acclaimed New American menu with an emphasis on exotic wild game. Coupled with the Lodge’s award-winning service, rustic yet elegant ambiance, and rich history, Saddle Peak Lodge is just minutes away, but worlds apart. Chef Adam Horton’s menu features small plates, large plates, and sides to share along with the Chef’s Game Trio, a selection of three of the large plates together. In Calabasas, but still kind of Malibu.
Carbon Beach Club  
(310) 460-7509
Located in Malibu overlooking the beautiful Malibu Pier and the Pacific Ocean, Carbon Beach Club (CBC) serves seasonal Californian cuisine in their dining room and outdoor patio with ocean views. Drawing inspiration from the Pacific and Mediterranean coasts, CBC uses only the freshest, locally sourced ingredients to create seasonal land and sea menus. Recently remodeled, CBC proudly lends itself as an accoutrement to the surrounding sea.
Having taken over Malibu’s beloved breakfast spot Coogie’s, which closed after 25 years, restaurateur Nate Heydari had some big shoes to fill. And fill them he did with a more farm-to-table approach to all-day fare, a full bar and that quintessential laid-back beach style both inside and out. Proudly boasting local farm purveyors for ingredients, the menu veers from California chia and acai bowls, omelets and huevos rancheros for breakfast, to small plates like kebabs, penne Bolognese, plus big salads, pizzas and burgers for dinner. It’s super-popular with the locals.
Thanks to and for their descriptions.

Howard Rudzki Rides to Save Lives

Los Angeles Real Estate Philanthropist Howard Rudzki has a passion for bike riding.  He started out riding for the health benefits and the overall workout and for the pleasure and enjoyment that a good ride provides.

But for the last three years, he has decided to put his passion to use and turn all the miles he rides into a vehicle for good by participating  in America’s Most Beautiful Bike Ride.  Along the way, he has helped raise thousands of dollars for The Leukemia & Lymphoma Society.

The 100-mile America’s Most Beautiful Bike Ride course circumnavigates the highways clockwise around Lake Tahoe, one of the most scenic locations in the world, on both the Nevada and California borders.

The course includes a challenging 800 foot climb to a rest stop overlooking Emerald Bay and a 1,000 foot climb to Spooner Junction.  In between there are many short rolling ascents and descents totaling over 4,000 vertical feet of elevations. The altitude ranges between 6,300 and 7,100 feet about sea level and the event is recommended for seasoned bike enthusiasts.


“Americas Most Beautiful Bike Ride is one of the most awe-inspiring rides,” Rudzki says.  “Not only is the scenery spectacular but you have a chance to ride with other avid cyclists while supporting a really great cause.  It’s such an empowering feeling take one of your passions and using it to help improve the lives of others.”

The Leukemia & Lymphoma Society’s mission is to find a cure for leukemia, lymphoma, Hodgkin’s disease and myeloma and improve the quality of lives for their patients and families.


Howard Rudzki Donates Computers and Printers to Castro Middle School

Historic Home Real Estate Philanthropist Howard Rudzki Donates Computers and Printers to Castro Middle School

Howard-Rudzki-Castro Middle SchoolReal estate philanthropist and community preservationist, Howard Rudzki, has donated 20 computers and 10 printers that will be used to start a new computer lab at Castro Middle School.  The new computer lab is part of the school’s goal to make technology an integral part of every classroom so that each child has the opportunity to be educated to his or her full potential.

Over the past five years, Rudzki has played a key role in the transformation of the the Highland Park neighborhood and has been recognized for his work in preserving more than a dozen historic Craftsman and Victorian homes to their former glory.

“I believe we all have an obligation to give back to our communities and preserve the rich diversity that make Los Angeles unique,” Rudzki says.  “And this includes ensuring that all children, who are our future leaders, are able to receive a good education. I hope that the new computer lab will foster an interest in science and technology for these young students.”

“We are grateful to Howard Rudzki for this very generous donation which will allow us to realize our vision for a brand new computer lab,” said Joy Watkins, principal at [insert school name.]  “This will be wonderful resource for both our students and our teachers and furthers our commitment to delivering all students with a well rounded education that sets them on a bright path for the future.”

According to Watkins, purchasing the computers outright is not even be a possibility for the school given other demands on its budget.