All Forum Posts by: Brian Keegan

I am relocating to another state. I already have a realtor in the new state. He cannot sell my home in my current state, but he owns a brokerage firm and has a realtor that can sell in my current state. I really like my realtor, so I trust that this referral can sell my home in my current state (it's 2021, so I'm pretty sure any realtor can sell in this market).

I bought this house in my current state 3 years ago and I still keep in touch with the realtor that help us buy this house. He was great as well, so I also trust him.

Trying to decide who to go with. Since I feel comfortable with either, so I guess I would rather go with whoever will charge me less commission. How would you negotiate commission in this scenario? Do I just flat out ask each realtor what their commission is? Would it be rude to have them bid against each other? For example, tell one what the other is charging, and see if they can beat it?

Hi BP Fam,

I am curious to see what everyone considers fair for allocating ownership in an equity partnership, specifically for self storage. To keep it simple, I am wondering what percent to allocate for (1) finding the deal and (2) for managing the facility, since I know value can vary depending on the deal. The balance would then be split based on capital that each partner brings.

For example, would 10% for finding the deal and 40% for running it make sense? If so, equity would be 50/50 split if partner A found the deal and was managing it, and partner B provided all the capital.

Or would 5% for finding the deal and 25% for managing be closer to being fair, making it a 30/70 split?

Assume $4M-$5M deal and partner A has some experience, already owning 3-4 class B facilities.

Thanks!