Don Konipol
Why Most Partnerships Don’t Work, and the Few that Do
25 January 2024 | 14 replies
Partnering between two people both with no or limited experience; both with no or limited capital, or because they’re “good friends” and want an adventure together, will ultimately result not only in the failure of the partnership, but often in long term bitter feeling of blame and hostility between the ex partners.The partnerships that are successfully, both financially and socially, have most of these characteristics1- the parties bring complimentary attributes to the partnership2- the parties are of a like mind concerning ethics3- the parties view risk - return the same way4- the parties goals are aligned5- the parties RESPECT one another 6- the parties are willing to defer to the other partner in that partner’s area of expertise7- neither party is under undo financial pressure8- each partner’s “significant other” is supportive of the partnership9- the partners have an agreed plan in case of death or incapacity of one partner10 - the partners have a legal, executed buyout plan in case one or both parties want to terminate the partnershipIf you’re considering going into a real estate, or any business partnership, you may want to consider the above and take a hard look at the chances of success.
Mario Morales
Real Estate Coaching
25 January 2024 | 36 replies
I have learned so much from them, and I attribute most of my success to these folks.
Jeremy Porter
Key Traits of a Good Rental Property: A Property Manager's Perspective
23 January 2024 | 1 reply
By meticulously assessing these key attributes, property managers can make well-informed decisions that are crucial for the success and profitability of rental investments.
AJ Wong
Does and should climate change factor into home buying and investing?
23 January 2024 | 72 replies
You have direct policy attributed to climate change (lets get rid of gas stoves, build solar/wind farms) and indirect policy on how we manage what is attributed to climate change.
David C.
What do you use for Expense Ratio?
20 January 2024 | 4 replies
Some of my best purchases have been properties that had unique attributes that positively impacted metrics most rely upon in their decision making and suspect some investors may have dismissed these properties based on quick rule of thumb underwriting.
Caroline Schneider
Which market do you prefer?
19 January 2024 | 5 replies
But that is all hindsight now.And there is a quote, not sure who it is attributed to, but:"The best time to invest was yesterday.
Jeremy Porter
Unveiling the Mysteries: Are Properties Priced High Due to the Neighborhood?
18 January 2024 | 2 replies
As a property manager navigating the complex and dynamic world of real estate, one of the most pressing and recurrent questions that looms large is whether the exorbitant prices of certain properties are solely attributed to their neighborhood.
Ryan Tongue
New investor, looking to build my credit
17 January 2024 | 14 replies
Essentially, while my credit was in good shape, the lender still refused the loan based on the fact that the majority of my credit score could be attributed to the account that I'm an authorized user on.
Manuel Angeles
Los Angeles Commercial Office Market Report as of January 15, 2024
16 January 2024 | 0 replies
Properties with all three attributes represent a small portion of L.A.'
Doug Rich
Appraisal shortage ?
14 September 2016 | 5 replies
I had the same problem, but attributed it to FHA appraisal more than just a lack of appraisers.