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26 January 2025 | 33 replies
Quote from @Cheryl Abram: What legal filed docs are LPs entitled to see to help validate a deal's failure?
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11 February 2025 | 11 replies
The #1 reason that Landlords fail, according to the American Apartment Owners' Association, is the landlord's failure to manage to the lease.
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1 February 2025 | 0 replies
Here are five dangerous provisions to watch for in an Operating Agreement:Dangerous Provisions to Watch:Authority to incur debt without investor approvalPower to make loans to other entities/projectsAbility to cross-collateralize with other propertiesPermission to use investor capital for other venturesCommingling of funds across different projectsWhy These Are Potential Ponzi Indicators:• New investor funds could be used to pay existing investors• Project-to-project lending can mask poor performance• Cross-collateralization puts your investment at risk for others' failures• Commingling enables masking of financial problems• Lack of project segregation enables fraudulent schemesProtective Measures to Look For:Strict single-purpose entity requirementsProject-specific bank accountsDebt limitations and investor approval requirementsProhibited related-party lendingClear fund segregation requirementsProfessional Best Practice:Request bank statements showing separate accounts for each project.
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31 January 2025 | 9 replies
In the current form, I am constantly dealing with AutoCorrect failures when entering text on a mobile browser or tablet, inability to tag members, and quoting errors on text.
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29 January 2025 | 5 replies
Ask yourself: do I really have the knowledge of real estate principles, real estate law and real estate finance; the network of contacts; the experience both in business in general and real estate in particular; the time available; and the analytical ability to compete against FULL TIME EXPERIENCED PROFESSIONALS to be successful in a field where the failure rate is so astronomically high?
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4 February 2025 | 7 replies
Still, my soft heart left my head feeling pretty rough, like a "failure".I don't think with your experience and 17(!)
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6 February 2025 | 7 replies
If their rudeness etc causes me to not be able to do my job (they yell at refuse to let me in when I've posted notice), then that's a violation for interfering with management duties, on top of the violations for disturbing their neighbors, housekeeping violations, failures to report maintenance, etc..
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9 February 2025 | 36 replies
It is a 30M fund on the verge of failure.
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29 January 2025 | 3 replies
Those failures are more negligent than a PM allowing a guest who paid with expectation to stay at the house to remain there in the middle of winter when they arrived on a Friday evening as you described.For now you will have to rely upon insurance, I don't believe the PM acted unreasonably given the circumstances.
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10 February 2025 | 71 replies
Is there really any other variation on this merry-go-round or certain failure?