Did you know that in the world of commercial real estate, many successful investors start as apprentices and work their way up to become equal partners in wealth-creating ventures? 

 

In this podcast episode, Shane Melanson unveils the secrets behind this journey and provides invaluable advice on structuring fees, roles, and responsibilities in real estate partnerships. 

 

Tune in to discover how you can turn mentorship into wealth creation through club syndications!

 

 

[00:00 - 07:36] Effectively Structuring Fees and Expectations in Real Estate Development Partnerships

• As value grows, the balance of value shifts, and fees become more important
• Negotiating hard out of the gate can lead to higher expectations 
• Be flexible and open to revisiting the splits and partnership 
• Go into it with the mindset of playing the long game 

 

[07:37 - 14:54] A Guide to Roles and Responsibilities

• Roles and responsibilities for a development project can take 30-40 hours 
• Have conversations to set expectations and reflect the value being created
• Handing out proformas creates more work and people pay attention when they pay for something
• Clear and specific questions are more important than macro strategic vision type questions

 

 

You can connect with me on LinkedIn, follow me on Twitter, and watch my videos on YouTube. If you want to go even deeper into the world of commercial real estate, head over to Shane Melanson, a roadmap to investing in commercial real estate! Get my book Club Syndication - How The Wealthy Invest Their Money

 

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Tweetable Quote:

 

"Approach every partnership with the mindset of playing the long game, envisioning a lasting collaboration spanning the next 15 or 20 years." - Shane Melanson