All Forum Posts by: Ellie Perlman

Hi John,

When it comes to expenses, I generally look at expenses as % of the Gross Income (potential rent - concessions - vacancies + other income), which could be 47%-52%, depending on the market and the condition of the property. However, I also look at expenses per unit (as a secondary examination), to see if there is anything out of order (e.g. market insurance is $200-$300 per door, and even if the overall expenses are 50% of Gross Income, but insurance is $420, than I look into it. So generally speaking, look at expenses as % of Gross Income with an eye for outliers based on average cost per door. Always remember that in your proforma the expenses could be different, if you can lower the costs (in my example, you might be able to get a quote for $275 per door from an insurance company, but this is in a later stage of your analysis).

Hope that helps!

Hi Frankie,

I'd be interested in getting more information. Please send me a message.

Thanks!

Hi Bradley,

Thank you for organizing this event. I live in Santa Monica but invest in Florida and Texas, and looking forward to meet like-minded investors!

The investing strategy is to hold the property for 3-5 years, and the operating agreement does not give them a voting right in case of a sale during that time period. Investors can only vote in case of a creation of a new class of members. 

I basically wanted to know what other voting mechanisms are adopted by other active syndicators (since some syndicators give their investors voting rights and some don't). Thank you all for the input and for sharing your valuable experience on this forum. I appreciate it!

I'm currently raising money from investors, and was asked by one of them about the voting rights in case of a sale. This investor is willing to invest $50K, and worried that if there will be someone that will invest say $500K, than his voice will not count in case they are voting an a sale.

When it comes to large deals ($10M and above), do you, as the syndicator, give investors voting rights?

If so - does 1 investor = 1 vote, or do you tie their vote to their relative investment amount?

Hi! Where can I purchase a ticket? 

Just booked my ticket to the conference! Looking forward to meeting everyone, and especially @Joe Fairless. There are some great topics on the agenda, and I'm sure it'll be an awesome event!