014. How GPs Can Build Strong Relationships with LPs

Aleksey Chernobelskiy advises LPs on real estate investments and helps them understand the risks and opportunities involved. He provides feedback on transactions and guides LPs through the three pillars of LP investing: execution, alignment of interest, and the actual property. Aleksey's goal is to ensure that LPs are well-informed and aware of what they are getting into and to create a more transparent marketplace for LPs and GPs. In this episode, he discusses red flags to watch out for in marketing materials and emphasizes the need for honesty and alignment of interests between GPs and LPs. Takeaways

• Aleksey differentiates himself from attorneys and CPAs by focusing on the business and investment aspects.
• Open and transparent communication is essential between GPs and LPs, especially in challenging circumstances.
• GPs should make underwriting easier for LPs by providing clear and comprehensive information in promotional materials.
• Red flags in marketing materials include missing or incomplete information, inflated track records, and misleading claims.
• LPs should consider metrics beyond just returns, such as downside protection and risk management.
• Target metrics in the real estate investment industry are shifting, with LPs seeking more favorable terms and higher splits.
• Technology, such as calendars, online payments, and tools like Airtable, can streamline business workflows and improve efficiency.