David Taran

Real Estate Professional & Perpetual Optimist

About David

David Taran is a firm believer in pursuing a diverse and balanced life. As the co-founder of Sunstar Capital, David brings more than 26 years of experience that includes many different aspects of the investment process including negotiation, acquisition, finances, development, redevelopment, construction, and investment and property management.

Sunstar Capital is a recently launched commercial real estate company focused on high-growth markets in the Western United States. The venture utilizes the merging of several seasoned professionals, including co-founder, Mark Skeen.

Background

Prior to his work at Sunstar, David was the founder of Divco West Properties, and also worked as a managing partner at his family’s manufacturing and retailing business. This venture, which operated on a global scale, gave him a perfect place to hone his diverse skill set that he continues to use today. As a partner, he worked on capital investments, strategic and financial planning, sales, real estate acquisitions, real estate negotiation, and currency trading and management.

David Taran also worked as a practicing attorney at Graham & James in Los Angeles. There, he specialized in Tax, Corporate, and Real Estate law. David holds a DEC degree from McGill University, an L.L.L degree from the University of Ottawa, a J.D. degree from Columbia University, and a Masters in Tax Law from New York University.

Throughout the span of his career, David has acquired $2.3 billion in real estate, which includes over 700 acres of land, 1,800 multi-family residential units, 449 hotel rooms, and 13.8 million square feet of buildings. David’s successful record is a testament to his diverse and balanced portfolio. David credits his rich portfolio to his earlier roles in as a managing partner and practicing attorney.

Meaningful, Mindful and Balanced

On a personal level, David is an advocate for creating a balanced, meaningful life. Despite his success, David upholds that a life filled with meaning and intent is far more enjoyable than a profitable one. To this end, he continues to support Project Happiness, a thriving non-profit started by his wife, Randy. Project Happiness is dedicated to providing the tools and resources needed for individuals to live an empowered, happier life.

David is proud to support the organization and serves on the board of directors. As a board member, David brings his unique experience and skill set to the table in an advisory capacity. His personal interest in the organization's mission combined with his professional knowledge makes him an invaluable member of the board and his local community.

David's continued passion for promoting greater happiness and meaning in everyday life continues to launch his career and leadership skills in exciting directions.

Connect with David

Recent Blog Posts from David:

Choosing a Listing Agent

Choosing a Listing Agent

A listing agent contributes significantly to the success or failure of a home sale. The real estate industry is continuously growing; there are several different agents in every town or city. Talking to these agents is the best way for a seller to get to know them and their professional capabilities. Agents will answer questions and give simple advice to a seller looking for a listing agent.

Questions to Ask

A seller should always ask questions and speak on their concerns when they’re meeting with different listing agents.

Here are some suggested questions to ask:

  • What is your geographical area of expertise? A listing agent should have expert knowledge in the geographic area where the potential listing is. An agent more familiar with the area will typically be able to market the home better.
  • What is your suggested listing price? An agent can only give a suggested listing price which may or may not be accurate. An accurate price would come from an appraiser. An agent that knows the area will be able to give an estimate based on recently sold homes in the area. It’s essential to get suggested listing prices from a few different agents to make sure they’re around the same price. If one agent gives a much higher price, it’s most likely inaccurate.
  • How will you market the home? This is a critical question. The marketing plan will determine how many potential buyers will see the house. An agent with access to more marketing tools could potentially sell the home faster and get a better price for it.
  • What is your fee? Commission fees are usually done by percentages, and they range from high to low. Often, the fee is based on what the agent offers. Agents with a higher fee may include more marketing techniques than an agent with a lower fee. In some cases, an agent may negotiate their commission, but it’s unlikely.

One of the most common mistakes made while choosing an agent is picking the agent that suggests the highest sale price or has the lowest commission. The price may be too high to sell, and the lower commission might mean the agent offers fewer services than another. 

It’s important to consider your listing agent carefully and do your research to ensure the best choice when selling your home. It never hurts to ask friends and neighbors for recommendations on agents they’ve worked with in the past. At least that way, you’ll have some first hand knowledge of any shortcomings or potential perks of a particular agent. 

 

Apartment Hunting Tips

Apartment Hunting Tips

If you need to rent an apartment, there’s a good chance that you have a lot of options. You can pretty much find whatever you want, but there’s a lot that you should consider in the process. The tips below can help to ensure your apartment search is efficient.

Determine Your Budget in Advance
Before jumping into your apartment search, it’s essential to establish a clear budget. It doesn’t make sense to look at apartments that you cannot afford. You also don’t want to move into a space that’s too expensive. Along with the cost of the rent itself, you will likely have to pay additional upfront costs, such as a security deposit that could be equal to the first month’s rent.

Make Safety a Top Priority
Safety should be a priority when you’re looking for a place to live. If you aren’t familiar with the area, you can ask questions when meeting with the owner or property manager. You can also go online to look at crime statistics in the area and check it out at night with a quick drive-by.

Check Out Online Reviews
There’s a good chance that you can find reviews online from prior tenants that can help you make a decision. Perhaps the apartment is vacant due to a reason that should concern you. Former tenants are typically honest about their experience, so you’ll want to take the time to see what others have to say. If there are many bad experiences shared, you’ll probably want to move on.

Take Your Time During the Walkthrough
To fully assess the apartment, make sure you pay close attention during the walkthrough. You should especially notice the cleanliness of the apartment and ask about any issues with insects. From a practical point-of-view, make sure there’s plenty of room for storage to accommodate your belongings. On the day of your walkthrough, be sure to make an excellent first impression by arriving on time and dressing appropriately.

These apartment hunting tips can help you find an apartment that you love and keep you from having a nightmare experience. It’s best to take your time so that you don’t have any surprises down the road.