Tilden Moschetti: All right,
liftoff is almost complete,

you're almost in order, it just
got a few things left to do. So

you're collecting money from
your investors right now. And

now it's time to finish it up,
get into orbit and make that

process complete. So that's what
this module is going to go

through. Just what are those
last minute things that you need

to do in order to be in orbit
comfortably?

Alright, so you are almost in
orbit. Now, what's the next

step? Well, first, you're
collecting money. So the first

thing we need to do is keep an
eye on money coming in and

making sure that you're
committing. Now you're gonna,

it's kind of a scramble as you
get towards the end, making sure

that everybody's money is there,
and that it all happens before

the deadline, I have never done
a deal. And I've never seen a

deal that just kind of skated in
and there wasn't a few things

really urgent that was left to
do in the last few days. It's

always the way. So if it happens
to you, you know, hopefully it

does, hopefully, it doesn't, but
in my experience, it's gonna

just know that this is normal,
and it's kind of a scramble at

the end, it's gonna all work
out, you've done all the hard

stuff. Now, it's just getting it
done. So as money's coming in,

you're keeping track, keep an
eye on those wires, you should

be talking to the bank
regularly, you should be

verifying your wiring
information with people

investing the money. Now, why am
I going on and on about wires

this check? Okay? Look, I
wouldn't do check. If I were

you. I've never had a problem
myself, I really don't take

checks anyway. So that's
probably why I haven't had a

problem. But it is possible the
way checks are set up for

somebody to give you a check for
you to deposit it. And then for

them to reverse it even for a
year afterwards, it could put

you in a really, really bad spot
wires, there's no backtracking

on. Plus, there's a huge amount
of security put in place for the

person sending the wire, if the
escrow company or the bank or

whatever is set up in such a way
to always verify with you your

routing information and your
deposit your your deposit

information, before they send
the wire, you're gonna be good.

So I also tell my, my investors,
when you're gonna wire me money,

call me from the bank, have the
banker verify that all my

information, there have been
cases where people have

interrupted wiring information
that was coming through the

internet, and they slipped in
alternative wiring information,

you don't want that to happen to
you, you don't want to lose

millions of your clients money.
So check the wires provide the

wiring information and keep
track of okay, this person's in

this person's in this person's
and I don't have this money from

this guy yet will let me find
out what the situation is. I've

had situations where the bank
had the wrong wiring information

that they that the investor
brought them something else,

I've had all sorts of strange
things happen, you just want to

be on top of it. If you're on
top fit, and just do one step at

a time, you're gonna get there
and it's gonna be successful. So

that part is going on. You also
want to make sure that your bank

and your accounting system is
ready for this new project. So

you want to make sure that
you're if you're using

QuickBooks or whatever you're
using to keep track of your

expenses, it's ready to go so
that way, from the minute it's

your property, you know how to
do it, you can organize

everything. I also like to set
up my distributions way early

way ahead of time, just so that
I'm all ready to go as soon as

possible. We're going to talk
more about distributions in the

next set of modules. I also want
to make sure that I'm ready to

have the conversation with my
investors not only about well,

we closed awesome job great
we're done, which definitely

should be doing as soon as you
were closed, but I also like to

be ready for whatever however
frequent my regular

communication is with them,
whether it's quarterly or

monthly, or hopefully not
annually, but at least

quarterly. I also want to be
make sure that I'm totally ready

for onboarding with property
management. So if I'm the

property manager, I want to make
sure that everything is ready

notifying tenants Things like
that are already my accounts are

all set up, I'm ready for my
utilities to be switched over,

everything is ready. This
shouldn't be new to you. This is

just normal stuff that takes
place in every transaction.

Now, when it comes to tenants,
so most of the deals that I do,

I don't do a lot of apartment
buildings, I do some, but it

applies also in apartment
buildings. But most of the time,

I find that there is been a
situation where there haven't

been proper pass throughs if
you're in a location to Where

there any kind of sale affects
the assessed value of the

property and property taxes is
going up, and tenants are

responsible for paying for it,
they're going to be hit with

more expenses, chances are your
tenants are going to get hit

with more expenses, or they
haven't been getting the

increases that they should have
been charged from the beginning.

That is normal. And tenants
freak out and they don't like

it. Know that that's the
situation, don't be overly

aggressive on lease tenants
unless you want to drive them

out anyway, if that's your plan,
to in order to clear the space,

then you can certainly can just
within the bounds of whatever

the lease is not overboard. But
just whatever the lease is, the

lease is the lease. I say that
all the time, that's part of the

thing I tell my law clients all
the time it's in the lease, the

lease is the lease. So that's
the rules of the road that they

they're facing. So but when
you're ready to just have the

thing for clients or for
tenants, be mindful that this is

a major change for their
business, if it's their business

or their home, this is a
substantial change that is

affecting them. So we want to be
mindful of it and not overly

aggressive again, unless you're
trying to clear out the space

anyway. But just be ready for
challenges that come up. As soon

as you do that. Because a lot of
times it happens, suddenly

getting hit with all these
changes can be disruptive,

especially if you're like if
those tenants are like how I am

with my business, I am obsessive
about every detail about my

business. And if something is
changing, I'm going to be a

little bit nervous about it.
Because it's a change. And it's

my business, I don't like that.
So just be mindful, that's the

case. Oh, always invite, you
know, reasonable dialogue. So

always be happy to have a
conversation with those tenants.

Because that will get you set
off on the right foot. My mentor

told me when I was getting
started in the business, he

said, the number one job of a
property manager. And I would

say this is true of an asset
manager, which is definitely you

as a syndicator is risk control.
You want to understand risk,

control the risk and make sure
that everything's fine. Now

those tenants and how they're
feeling their emotions are part

of the risk that just as
inherent in real estate, so just

be mindful of it. And with that,
you are going to close this

property, you are going to start
having that income in and you're

going to start earning that
reputation as a great syndicator

that you deserve. So that is
awesome. Congratulations. That

is terrific. Please send us a
message and tell us how that

process is going for you and and
how well it's working. And that

concludes liftoff, you're done.
You've lifted off you are now in

orbit. Now you just need to run
the syndication until it's time

to sell it. And then you're
going to be going into reentry.

So with that the next set of
modules is going to go through

that orbit process. It's how we
do those investor communications

that asset management, property
management and distributions so

that is what we're going to
cover in the next set of

modules.