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All Forum Posts by: Julie Nealey

Julie Nealey has started 20 posts and replied 86 times.

I would self manage. You will be giving away a lot of money that will cut into your profits considerably. It is not hard to self manage at all. Carry a good inventory, and have the highest quality of linens, towels and furniture you can afford, as the cheaper stuff wears out faster. 

I have wonderful cleaners that I pay well, respect and most importantly communicate well with. I trust them and know that they treat my house like it was their own. I have them take inventory with every clean through Turno and have supplies sent to their personal homes to maintain my inventory. I have wonderful relationships with quality professionals, handyman(in my case, handywoman) plumbers, electricians, AC services etc. When I call, they usually get to my location within a few hours and always the same day for any repairs/services needed. I am loyal to them and they treat me very well. If you have all this in place, it is very minimal work daily and far outweighs the cost you would pay a property manager. 

Quote from @Dominick Johnson:

If the seller has an agent then it's not ethical, and a good way to get your license suspended if the agent reports it.


 If it is the reverse, for example: a Sellers agent negotiating directly with the Buyer in a commercial real estate transaction on an ongoing, longterm basis, is that an ethics situation as well? 

Quote from @Caleb Brown:
Quote from @Julie Nealey:
Quote from @Justin Hammerle:

@Julie Nealey - No, unless the sellers agent have given them permission to do so.


 What about the reverse? The Sellers Agent directly speaking with the Buyer on an ongoing basis to negotiate a contract?


 Same thing. As an agent it's a big NO NO to communicate with the other party without consent. Even with consent I wouldn't


 Are there repercussions? Or is this just considered not good to do?

Quote from @Justin Hammerle:

@Julie Nealey - No, unless the sellers agent have given them permission to do so.


 What about the reverse? The Sellers Agent directly speaking with the Buyer on an ongoing basis to negotiate a contract?

I am curious if it is ethical to have a Buyers agent negotiate only with the Seller directly, and not with the Sellers agent? 

I own land in Mill Creek. Great area, almost 3 acres. 

Quote from @Kristine Thompson:

I am going in circles, uncertain how and where I can find a property in the Seattle area.

Please offer advice and referrals if you have them! Thanks!


 What type of property are you looking for? 

Post: Seeking Equity Partner

Julie NealeyPosted
  • Posts 94
  • Votes 21

I own almost 3 acres of land in a suburb just north of Seattle, WA in the Amazon, Microsoft, Boeing corridor. Land is zoned Community Business/Mixed Use, rests on a major state route and has excellent frontage along a 5 way intersection. Incredible traffic counts. I have a pre-app approved mixed use site plan with the city, storm water etc complete. Just held in limbo as density has increased. Anchored by Fred Meyer, Sprouts, Lowe's, Les Schwab and 2 miles from an award winning Towne Center. 

Quote from @Chris Seveney:

@Julie Nealey

I would not sell it on that offer. If you need the $ maybe bring on a business partner with development experience

Would it include the land value as my contribution to the partnership?

I would be happy to take a look at it with you.

What would a reasonable partnership look like? Would a partner develop the site together with my contributions the land valued at over 2.2million and all the work I have already done as I have storm water drainage complete, site plans, partial civil and all SEPA complete? I held previous entitlements and am pre-app approved with a site plan already although expired. It would be fast tracked, and the with opening the full 2.68acres, provides much more possibilities. I just don't know how partnerships like that would be structured and where I find those partners?

Quote from @Chris Seveney:

@Julie Nealey

I would not sell it on that offer. If you need the $ maybe bring on a business partner with development experience

I would be happy to take a look at it with you.

What would a reasonable partnership look like? Would a partner develop the site together with my contributions the land valued at over 2.2million and all the work I have already done as I have storm water drainage complete, site plans, partial civil and all SEPA complete? I held previous entitlements and am pre-app approved with a site plan already although expired. It would be fast tracked, and the with opening the full 2.68acres, provides much more possibilities. I just don't know how partnerships like that would be structured and where I find those partners?