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Updated over 3 years ago,
Can someone clear this up?
Good morning, I saw 2 investors going back and forth about airbnb management fees. Both investors put in 25k and splitting all expenses 50/50. One investor said he’ll manage it for a additional 10%. The other investor thinks since it’s a expense it should be taken out of the profits, 5% and 5%, instead of him paying the full 10%. It’s a little confusing to explain/understand but I do get what he’s saying. What do you think?