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7 October 2024 | 16 replies
I am having wishful thinking here, as to i do not know the true contract terms of their agreement.
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7 October 2024 | 2 replies
And when things go south or sideways they don’t really know where it went wrong at the agreement stage.
15 October 2024 | 69 replies
I would not be able to sleep at night regardless of what the agreement said.
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10 October 2024 | 19 replies
Your options are going to come down to what your purchase agreement says.
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7 October 2024 | 3 replies
Having a well documented partnership agreement is helpful.
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7 October 2024 | 12 replies
Review the PPM and Operating Agreement: Start by thoroughly reviewing the Private Placement Memorandum (PPM) and the Operating Agreement you received when you initially invested.
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6 October 2024 | 1 reply
It’s fair for the capital partner to handle these financial contributions since they aren’t bringing management or hands-on skills.Whatever structure you choose, make sure all contributions and profit-sharing are clearly outlined in a legal agreement to avoid any potential misunderstandings down the road.
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5 October 2024 | 0 replies
Here’s what a 'co-ownership consultation' would look like:- We review an active listing of your choice to:- Build a cost-of-co-ownership model for the property which includes:- Individual ownership and ongoing cost assumptions- Modeling potential rental income for short-term rentals- Modeling financial outcomes from various exit scenarios- Tax benefits and considerations of shared homeownership- Pros/cons of different ownership structures (joint tenancy, LLC, tenants in common, etc)- Talk through the legal agreements (I am not a lawyer and this is not legal advice but I do have extensive knowledge about TIC and other co-ownership agreements)- Briefly discuss some of the ways AI is making the work that goes into successfully managing a shared home easierIf you're interested, here's what I'm asking:- You’re a U.S. citizen or permanent resident interested in co-owning in the U.S.- You choose a property that’s actively listed and something you'd realistically be interested in co-owningShoot me a message if you're interested and open to 30ish minute chat.Thanks!
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5 October 2024 | 15 replies
In the beginning most of our challenges were just making sure we were following all the guest communicaton cadence, but that was when we did everything manually.We use Hospitable, and it has helped with all of that so really the only piece left for me to automate is rental agreement automation, but I think Hospitable is working on that too.Mike
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9 October 2024 | 312 replies
I read that when I signed the subscription agreement and I believed them.