From contribution to getting communications and distributions. 

Focus on the value landlords bring through property improvements, market dynamics driving rents, and contributions to community revitalization.

To avoid these, create an operating agreement outlining roles, responsibilities, financial contributions, and handling disagreements.

You are required to contribute towards these improvements.2.

I would need to figure out the building and land, mortgages, contributions, improvements and such.

You could pay them a flat interest rate on the funds they contribute, similar to a private lender, or offer a percentage of the profits to align their success with yours.

It’s a good idea to review local real estate development compensation norms or even consult with a lawyer to ensure the deal is fair.In your uncle’s case, the terms seem fairly favorable to the engineer if he is only handling the development and not contributing any capital.

By fostering a collaborative relationship built on trust and transparency, brokers empower investors to navigate the complexities of real estate financing, ultimately contributing to their success in the competitive real estate market.

The tornado that hit last year destroyed around 50 homes, contributing to the area’s high vacancy rate.

Here’s what I do with my rentals:I either have tenants split the utility bills or include a clause in the lease that states if the gas or water bill exceeds a specific amount ($X), the tenant will be responsible for the overage, provided there are no leaks or other infrastructure issues contributing to the high usage.To determine this $X amount:Water: I take the highest water bill I’ve had over the past year (excluding periods where leaks occurred) and add about $15 to account for small fluctuations or potential increases.Gas: For gas, I calculate the median bill during the winter (when usage is highest) and the median bill in the summer (when usage is typically lowest).