Creative Capital Podcast 87: Determining Roles & Responsibilities in a Partnership

<p><span style="font-weight: 400;">Welcome back to the Creative Capital Podcast with Josh Ferrari! In today’s No-Limit Minute Segment, I am going to talk about determining roles and responsibilities in a partnership. Partnerships are a huge aspect of real estate investing. That’s why it’s important for us to keep them healthy and free from any miscommunication and confusion. In this episode, I am going to talk about the importance of clearly defining roles and responsibilities in a partnership. I will also talk about how you can make your partnerships more effective, so you can generate more results! Join me and listen in!</span></p> <p><br /> <br /></p> <p><strong>[00:01 - 06:29] Determining Roles & Responsibilities in a Partnership </strong></p> <p> </p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Miscommunication can make partnerships fail</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Clearly define roles and responsibilities</span></li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><span style= "font-weight: 400;">Write them down!</span></li> </ul> </li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Things might change, so communicate</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Get specific in terms of goals and expectations</span></li> </ul> <p><br /> <br /></p> <p><strong>Key Quotes: </strong></p> <p> </p> <p><em><span style="font-weight: 400;">“You can write down the roles and responsibilities and you can write down all of the things you expect them to do, your expectations for it. But as time progresses, things might shift, things might change, your expectations might change, the role for that particular thing might change, so you need to communicate with that individual on what is happening.” - Josh Ferrari</span></em></p> <p><br /> <br /> <br /></p> <p><span style="font-weight: 400;">You can rea