Compensation and Goals in Property Management

They discuss different ways to compensate oneself when managing a property, such as management fees or equity. They emphasize considering long-term goals and balancing management fees with going rates. They mention discussing goals with partners and negotiating fair compensation packages.

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Your real estate business has come across a little money. Maybe you’ve just sold an investment property for a large profit or increased your W2 income. In any case, how should you go about investing your small fortune? Like any investor, you want your money to help you scale your real estate business faster. Today’s guest is here to lend a hand!

Welcome back to the Real Estate Rookie podcast! Usually, Ashley and Tony are the ones asking the questions, but in this very special episode, THEY are being interviewed by rookie investor Kevin Cullen. On the brink of selling one of his three investment properties, Kevin has a handful of burning questions for our hosts. How should he spend his newfound capital? Should he get a partner for his next deal? What are the best ways to structure his first partnership?

In this episode, Kevin hits on several important topics that rookies often wonder about. Stick around for the biggest “red flags” to look out for in a potential investing partner, key terms to include in a partnership agreement, and when to get an attorney involved as you’re forming your partnership. You’ll even learn how to reinvest your money into real estate and three ways to find off-market properties!

In This Episode We Cover:

How to reinvest your money and scale your real estate portfolio faster

The best ways to structure your first real estate investing partnership

Roles and responsibilities you MUST include in your partnership agreement

How to restructure an existing partnership agreement

The biggest “red flags” to look out for when vetting a potential partner

Finding the best off-market deals with three clever sourcing strategies

And So Much More!

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