On this solo episode, Jake dives into GP fees. He explains why GPs should charge fees, the differences between deal shops and Real estate private equity firms, how to build great returns, the types of fees you will see from GPs, what to charge as a GP and more.  Connect & Invest with Jake: Follow Jake on Twitter: https://twitter.com/jwurzak Take the Hospitality Investing Masterclass: https://learn.jakewurzak.com/  Learn How to Invest with DoveHill: https://bit.ly/3yg8Pwo Timestamps (00:01:02) Why are we talking about Fees? (00:03:39) Why GPs charge fees (00:09:02) Deal shops vs. Real Estate Private Equity Firms (00:10:23) Charging market fees to build great returns & borrowing costs (00:14:45) Real Estate Operating Companies vs. Assets (00:17:15) Understanding where your company is at in it’s life cycle (00:18:42) Primary components and fees you’ll see (00:20:04) What to charge for and include in fees (00:22:10) Do not operate at a loss (00:23:08) Project Management vs. Asset Management (00:29:24) Final Thoughts