Michael Drotman
(310) 991-0561
fax 310-376-6522
mdrotman@earthlink.net


Homes Designed & Built By Michael Drotman




401 Monterey
Hermosa Beach
(3 Homes - Built In 1986)




651 & 653 4th St
Hermosa Beach
(2 Homes - Built In 1984)

Real Estate News
January cyberattack a $37M weight on loanDepot Q1 2024 results
Tue, 07 May 2024 21:53:06
In addition to $15 million in direct costs, loanDepot says it lost an additional $22 million in revenue while systems were down, contributing to $72 million net loss. read more»

Redfin rides momentum to Q1 revenue bump, beats expectations
Tue, 07 May 2024 20:45:35
Seattle-based Redfin's revenue increased 5 percent year over year to $225.5 million — beating revenue projections of $218.1 million. Still, the company is struggling to control its net losses, which grew nearly 10 percent from 2023. read more»

Better settles with former exec who filed whistleblower suit
Tue, 07 May 2024 20:09:56
Former operations head Sarah Pierce, who had accused Better CEO Vishal Garg of providing misleading information to investors in leadup to SPAC, faced $2.76 million judgment in countersuit. read more»

Leading Laguna Beach team returns to Compass from Coldwell
Tue, 07 May 2024 19:55:35
The Marcus Skenderian Real Estate Group is boomeranging back to Compass after three years away to launch its own brick-and-mortar office in Laguna Beach. read more»

NYC rents grew 7 times faster than wages last year
Tue, 07 May 2024 18:49:22
The nation's biggest city saw the biggest gap emerge between the rates of wage growth and rent growth. read more»

$60M non-waterfront Palm Beach estate one of the priciest ever sold
Tue, 07 May 2024 18:34:59
The mansion on Banyan Road was gut-renovated by homeowner and interior designer Victoria Hagan before being sold off-market to an unknown buyer. read more»

Florida is king for short-term rental investors: Study
Tue, 07 May 2024 17:01:29
Enviable weather, ocean views and a lengthy list of landmark tourist destinations have made Florida a treasure chest for short-term rental investors. A Clever Real Estate market analysis published on Tuesday revealed strong property values, robust population growth, and year-round tourist demand have made Tampa, Orlando, Jacksonville and Miami top-tier cities for short-term rentals on Airbnb and other platforms. read more»

Did NAR’s buyer contract info provide the clarity you need? Pulse
Tue, 07 May 2024 15:28:43
Questions of agency, agreements and compensation are on the line. Do you have the information you need to move forward now? read more»

Realtor.com CEO delivers full-throated speech in support of NAR
Tue, 07 May 2024 14:53:40
Realtor.com CEO Damian Eales took to the podium on Monday at the MLS Forum of the Realtors Legislative Meetings to refute rival CoStar's earlier claims about Homes.com's growing traffic. read more»

Real Brokerage posts sharp uptick in revenue and agent count in Q1
Tue, 07 May 2024 13:51:24
The Real Brokerage reported revenue of $200.7 million in the first quarter of 2024 as gross profit soared to $20.8 million, according to Q1 earnings data released Tuesday morning. read more»

Fathom sells Dagley Insurance subsidiary back to founder
Tue, 07 May 2024 13:35:24
The sales proceeds of $15 million will strengthen the company's financial position and support growth initiatives, Fathom Realty parent company said Monday of its latest move to shore up finances. read more»

Inman Connect Las Vegas: Your guide to real estate’s new era
Tue, 07 May 2024 9:00:16
Real estate’s new era is upon us. At Inman Connect Las Vegas in July, we’re bringing together real estate’s most trusted voices to cut through the noise and give our community the information and tools it needs to succeed moving forward.  read more»

3 ways to diversify your real estate investment portfolio
Tue, 07 May 2024 8:22:02
Whether it’s the liquidity of REITs, the adventurous potential of international markets, reliable income from self-storage, or the traditional appeal of residential rentals, Victoria Kennedy writes, each component adds a unique layer of security and opportunity to your investment strategy. read more»

How to create content that connects you to your community
Tue, 07 May 2024 8:18:30
Stop trying to generate leads, new Inman contributor Lauren Harris writes. Start creating a community with the power of content creation that speaks to the neighborhoods you serve. read more»

10 answers to the questions confused buyers are asking now
Tue, 07 May 2024 8:00:48
Realtors and buyers are both confused right now, writes mega-team leader Carl Medford. To help buyers sort out the mess, here are our top 10 answers for buyer questions. read more»

Matterport trimmed losses in the months before CoStar purchase
Mon, 06 May 2024 20:56:11
The company's net loss was 36 percent less than in 2023, according to Matterport's earnings from the quarter. Revenue rose 5 percent for the quarter. read more»

Rocket hires first group CTO to accelerate AI development
Mon, 06 May 2024 20:43:54
Qualcomm and Intel veteran Shawn Malhotra comes to Rocket from Thomson Reuters where, as head of engineering, he helped the global media giant develop a cloud-based, API-driven generative AI platform. read more»

Offerpad posts a decline in annual revenue, but improves Q1 losses
Mon, 06 May 2024 20:33:43
The iBuyer lost $17.5 million between January and March, according to an earnings call Monday afternoon. However, that represents a 71 percent improvement compared to a year earlier. read more»