RJ Nickson
Partnerships: Operating agreements
A friend and I are embarking on a 16 unit building and splitting the financial burden, which is the easy part to divide up. However, we aim to do more deals in the future and want to develop a good operating agreement...
Nathan Worden
Estimating Operating Expenses
I'm looking at purchasing a rental property and I was wondering where people find information on costs such as water/sewage. Do you go to the city or contact the water company to get numbers for this? Or do you make a...
Mark Solomon
Assisted Living Operator
Hi BP Community!
I'm looking to start syndicating assisted living portfolio in Florida and am seeking an experienced operator in the space. This operator would be knowledgeable in the legal process, day to day operat...
Charlotte Dunford
No operating permits
If a park has no operating permits, and the park is zoned commercial. Does that automatic disqualify the deal for you?
Ron K.
Hours of operation?
For this who handle their own property management, do you take calls 24/7 or do you have regular hours? Can all problems wait until normal business hours? Just trying to get a feel for how others handle emergency si...
Joe Rodriguez
Managing operating expenses
Hello folks. I'm new to BP and I'm currently researching the purchase and rehab of my first multy-family property. I was discussing offsetting utility expenses with a friend tonight, and he suggested that I consider i...
Connor Mullen
Coin operated laundry
I'm making an offer on a fourplex in the next couple of days. There is a room on the first floor that is currently part of one of the units, that would be perfect for coin operated laundry room. I was curious what oth...
Parker Bayer
Operating Lease Treatment
For companies that were required to include operating leases on their financial statements, they show large increases in PP&E as well as long term debt. This inflates changes in net capital expenditures, changes i...
Ekow Essel
Operating Agreement Approach
Hi everyone,
I'm in the nascent stages of establishing an LLC with my partners (4 in total), and am curious if your experience recommends we draft one ourselves or we rely on legal counsel to draft? I've seen some e...
Vic Valera
Operating agreement advice
My business partner and I are looking into starting an LLC and purchasing a investment properties in Jackson, MS. any advice or lessons learned from your experience as investors/ partnerships that you would like to sh...