Being open and transparent goes a long way with Tenants.

It's not just about the numbers – it's about creating win-win scenarios where both parties can sleep well at night.3 principles I've learned after 4 years in real estate investing:1) Transparency builds trust. 

For the institutional we have a factright report they can review about us and for our retail investors we try and educate and be transparent.

You’re building a brand around education and ownership, so transparency and compliance should be top priorities.

Full transparency, I have not passively invested in multifamily syndications and no experience as a GP. 

The biggest thing that frustrates me most about the guru's is how most are not transparent about all things notes, yet they send post after post on LinkedIn or FB wanting you to watch a Podcast or something else about how much money they made on notes to get you sucked into their web. 

Transparency always wins.3)Make sure to have mattress and pillow protectors, top-notch cleaners that take pictures of every sheet as they lay it before guests get there, and consistent pest control.

They are very transparent about where the money goes and great stewards, of it so we feel comfortable giving knowing they're not using it for frivolous excesses. 

Hey there @Patrick Goswitz - It goes both ways....we personally purchase all the materials typically for our clients here in Chicago, but we also get better prices.If you find a contractor that allows you to purchase all the materials instead of marking up the material they'll just mark up their labor more -> I will agree it's easier to track and understand costs as an investor if you know these numbers better, so I'd push for that or find a transparent general contractor, like us!

I’d love to hear about the red flags to watch out for, so I can hopefully avoid the same headaches.For me, clear communication and transparency upfront are key, but I know not every lender operates that way.