Reading through a typical account agreement before funding one, there is a clause worth flagging. Every year the custodian requires a fair market value for each asset the IRA hold…
Two listings make a useful comparison for anyone weighing a first productive-land purchase, because they sit at opposite ends of the same decision. The first: 70 acres of planted…
Been reading operating statements for a 190-unit 2018 build I may take a small position in, and the renewal policy is where I keep getting stuck. Current in-place average is $1,58…
I've got two units lined up for spring, a downtown one-bedroom and a small house that sleeps six. Both owners want hands-off. Both are in a market where guests fly in late and che…
Put two storage fund decks side by side and they often describe the same asset class in ways that barely overlap. One says the money comes from the rent. Facilities collect monthl…
Reading a state's tax foreclosure chapter next to a county treasurer's own procedure sheet often turns up a mismatch on who gets served. The statute typically lists record owner,…
There are three ways to own self storage without running it, and they turn out to be three different bets wearing the same name. Public REIT shares give an investor daily liquidit…
For anyone writing positioning for a property management arm, there are two honest versions of the same page, and the choice matters. Version one leads with compliance. Local regi…
Take a case where a trusted contact calls about a relative's empty house, the family wants it gone without listing it, and the person fielding the call knows exactly what that kin…
I'm still in the reading stage on this, no house yet, and the lease term question keeps stopping me. Every room-rental owner I've talked to splits into two camps. One camp does tw…
A question that stalls a lot of first JV equity negotiations on one line. Say the operator wants a 1.5% asset management fee on invested equity, paid monthly out of operations, pl…
Chasing a question I can't settle. A facility built around 2014 for something like 6 to 8 kW per rack, air cooled, decent connectivity, on a feed with modest headroom. Fully lease…
Second offer accepted this month and the loan officer came back with a waiver from the automated underwriting run, so no appraisal ordered, no fee, and the file moves faster. She…
Take a 20 site campground with about 25k available for improvements before next season and three things that want it. It is the kind of decision that produces strong opinions that…
Something like $1.5 trillion of commercial mortgage debt comes due through the end of 2026, with a heavy share sitting on office, and office delinquency on securitized loans hit a…
Five bedroom, two bath, about 1,900 square feet, bought in a college-adjacent submarket and run room by room since. Rooms are 690 to 780, gross sits around 3,650 a month. A whole-…
Everything in a land deal hangs off one number, what the finished lots sell for. That number lands two to four years after the deal is signed, which is the part that makes it hard…
I'm on a live-in flip where the scope has grown from a kitchen and two baths into moving a load-bearing wall and redoing the whole panel. Original plan was to pull everything as o…
This setup deserves an honest look from both sides, because there isn't a clean answer. Picture a brokerage that runs management for a few hundred doors while its buyer-agent side…
Take an 11 unit building where in place rent averages 810 and comps support 1,000 to 1,050 on a turned unit. Nine of eleven are month to month, long tenured, and paying on time. T…