BET ON THE JOCKEY, NOT THE HORSE: Five Traits to Look for in an Operator & Important Questions to Ask

How do you find the right team to help you reach your investment goals? Here are five things to keep in mind and questions to ask to help determine if your operator is the right fit for you.

Personality
Are they smart and hardworking? Do they have integrity? Take the time to find the right personality fit, and never rush into a deal or partnership.

Track Record
Don’t just look at how previous deals performed. Look at how they performed relative to the original business plan. Did the operator project a 20% IRR but only deliver 17%? That’s not a terrible return, but it’s suspicious when compared with the original objective.

Team
Apartment…

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Are you a die-hard fan of Minnesota winters? Or maybe the only thing that’s getting you through the winter is counting the days until spring. Most of us are somewhere in the middle—appreciating the beauty of the season but still needing a boost as we face each new day that seems longer, colder and snowier than the last.

Thankfully, Minneapolis is not a city that slows down when the temperature drops. So, pull on your boots, pull down your hat, and get out there to embrace—and conquer—the last weeks of winter.

The Great Northern Festival
Jan. 27 - Feb. 6
The Great Northern celebrates our cold, creative winters with 10 days of diverse programming that invigorates the mind and body, including public art, musical performances, lectures, workshops, and…

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A Bit About Bourbon

jerron smith bourbon blog image

I was born and raised in Kentucky, so I naturally have a taste for bourbon cocktails. I actually consider myself a bourbon connoisseur. When I moved here, I found that most people think bourbon and whiskey are the same thing, and the common word for any dark liquor is “whiskey.”

Actually, bourbon is a type of whiskey. Bourbon (which is commonly produced in Kentucky) must contain at least 51% corn in what distillers call the “mash bill” to be classified as bourbon. The amount of corn isn’t the only thing that will classify a whiskey as bourbon, though. By law, bourbon must be aged in newly charred white oak barrels so that it can achieve the traditional nutty and sweet flavor profile I know and love. And, more importantly,…

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