I'm eager to learn from those who have already navigated the challenges and opportunities of multi-family investing, and I'm equally excited to collaborate with others who are just starting on this path.One of my main goals is to find a team of like-minded individuals where I can contribute my skills and knowledge while also learning from others.

Hello all,I am trying to determine what I can contribute to a potential joint venture involving myself, another investor, and a builder.

This is just considered a partner contribution on the books. 

Seller is paying the buyer's broker at closing (ME) $8250 and 'contributing' another $8250 towards buyers closings costs. 

These are some of the ways the clients could be affected by property managers who are not prepared: Extended VacanciesInadequate marketing strategies and tenant screening processes can result in prolonged vacancy periods, translating into substantial lost rental income.High tenant turnover due to poor resident relations further exacerbates vacancy losses.Inadequate Maintenance and RepairsNeglecting preventive maintenance and delaying necessary repairs can lead to accelerated property deterioration and higher long-term repair costs.This can also negatively impact tenant satisfaction, contributing to higher turnover rates.Legal and Compliance IssuesLack of knowledge or disregard for landlord-tenant laws and regulations can expose investors to costly legal disputes and penalties.Failure to properly handle security deposits, evictions, or fair housing practices can result in significant financial liabilities.Ineffective Financial ManagementInaccurate budgeting, expense tracking, and financial reporting can lead to uninformed decision-making and missed opportunities for cost savings.Failure to optimize tax strategies and leverage available deductions can further reduce net returns.Diminished Property ValueInadequate maintenance, high vacancy rates, and poor tenant screening can negatively impact a property’s perceived value and appreciation potential.This can significantly affect the long-term return on investment when it comes time to sell the asset.While a 10% management fee may seem reasonable for a well-performing property manager, the cumulative impact of mismanagement can quickly escalate the effective cost to investors, potentially outweighing any perceived savings on the management fee itself.

It's a full-blown accounting system that allows you to not just receive rent but also pay service providers, send owner distributions, receive owner contributions, set reserves, and refund payments online (even Buildium doesn't allow for this, and unless it's changed recently, I don't think DoorLoop does either), and a whole lot more.And for all of the QuickBooks Online fans, yes — we integrate with them too.

Hopefully, one day I will be able to contribute back to BP with my knowledge and experience.

This significant increase reflects the rapidly appreciating real estate values in the Woodland Hills area of Los Angeles over this period.The search results also note that the property underwent some renovations, such as a remodeled kitchen with high-end appliances, which likely contributed to the higher selling price in 2024 compared to 2016, , the property value of 22757 Charlemont Pl in Woodland Hills appears to be higher than many similar homes in the surrounding area, but is generally in line with the rapidly appreciating real estate market in this neighborhood.Here are some key comparisons:The sale price of $1,857,500 for this 2,730 sq ft, 5 bedroom, 4 bathroom home in June 2024 equates to around $680 per square foot.The median sale price per square foot for homes in the Woodland Hills area in April 2024 was $638, up 9.7% from the previous year according to Redfin.

I would definitely be building a team of lawyers, other investors and everyone else that could contribute but this would most likely be further down the road in my career.

3)  Is it common for the developer not to have any upfront "skin in the game" (no $$ capital contribution)?