MF syndicators: how are you actually tracking investor commitments and sending update
I'm a software developer (not an investor — being upfront about that), and I've been building an investor portal for smaller multifamily sponsors. Before I sink more weekends into it, I want to know if I'm solving a real problem or one I invented at my desk.
For those of you syndicating smaller deals — 1–5 properties, or a first/second raise — how are you handling this today?
- Where do investor commitments actually live? Spreadsheet, CRM, something purpose-built?
- How do monthly/quarterly updates go out — email, PDF attachment, phone calls?
- If you looked at Juniper Square / InvestNext / AppFolio and passed, what made you pass? Price, overkill for your deal size, onboarding effort?
- What's the part that genuinely annoys you every reporting cycle?
Blunt answers welcome, including "not a problem, Excel is fine." That's useful data too.