All Forum Posts by: Ian Noble

Thanks for everyone's input and insight. @Basit Siddiqi I agree with risk being subjective. That is when the investor has to plug in the value they feel based on their understanding of the deal.

Hi All,

I have been passively investing as an LP in syndications for about 6 months. There are many out there now and I have been looking for a tool that would help me compare a few of them side by side based on criteria given by the syndicator and my initial investment amount. The plan is to create an Excel sheet where I could plug the basics into a formula and it would give me a side-by-side view of how the investment looks with each fund option. 

I aim to have it show the impact of K1 losses if the syndication offers it, and that tool is helpful because some of the comparisons will show a real estate syndication vs mortgage notes or debt funds that may not offer the same tax advantages/losses.

I've included some of the criteria I was putting on the Excel calculation below. The thought was for the first 10 lines to be filled out for two deals side by side to show which investment was most suitable and the return throughout the deal. Data after line 10 would be calculations only and no need to input data since they are formula-driven.

I am happy to share once complete but also wanted to poll other passive investors out there to see if they have a similar tool they use to look at two different style syndication deals side by side OR if you feel any criteria should be added to the list below.

Thanks in advance.

@David NA thanks for being incredibly thorough. It looks like we had near identical situations. I will modify the lease slightly for the next tenant, and hope that in the remaining months it does not happen again. I really appreciate your comment.

I wish one had a baby to make it easier. Even so, no one is admitting it. Looks like in my lease I have that it is the tenant's responsibility if there is a foreign object other than toilet paper that causes the clog but it fails to specify determining fault. Since I have a shared tank for two units it makes this difficult. One tenant leaves in a month and the other lease expires in June so I will make sure to have it in all leases moving forward.

Going to research how to get an additional grinder tied to one unit before it reaches the communal tank to isolate the incident. 

Thanks for your help everyone

@Kevin Sobilo thanks for the recommendation I will look into this.

I rent a duplex outside Austin Texas that has a sewage pump/grinder system set up to grind waste and pump it from the duplex to the city sewer lines. The sewage from unit A and B fall into a shared sewage tank. Over the last 3 months, I have had two issues with the pump impeller getting lodged with baby wipes. I spoke to both tenants and sent an email with photos identifying the cause of the cause damage, and as expected, the tenants on both sides denied the use of any such product. As a result, I informed them in an email that only toilet paper is allowed in the system that any further instances of baby wipes or like products that become lodged in the impeller and create the need for a plumbing company to fix & dislodge will be billed back to the tenants. Since this is impossible to identify which tenant it comes from (1 tank shared from both unit A & B), I informed them if it happens again they would be splitting the cost if neither party admitted use/fault.

After the email notice, it happened again 8 days later. Another $390 bill from plumbing company to pump and dislodge a baby wipe from the grinder. Since both tenants deny any use of wipes, and they have been recently notified in writing (email) it would be their equal responsibility for futher occurrences, can I legally charge them for this? I planned to remove it from their deposits I am holding.

Can I legally do this? If not, what other suggestions do you have? Since I have had this now happen 3 times since October 2023, I have accumulated $1100 in charges from the plumbing company.

Thanks for any input in advance.

@Kyle Eckert What software did you use to do your initial post (financial analysis)?