OAC Meetings Best Practices
Looking for insight into how other developers run their OAC meetings, what your general format is, and any tips on best practices to follow. Thanks!
Looking for insight into how other developers run their OAC meetings, what your general format is, and any tips on best practices to follow. Thanks!
+83 | LP coming into deal at higher land basis. How to model returns to GP? | 19 | 17h | |
+76 | Increasing RE Industry's Cash Compensation, Collectively | 43 | 1d | |
+73 | Major Decisions | 13 | 2d | |
+44 | Being asked to stay behind and train my replacement | 11 | 13h | |
+34 | Niche down to an operator or stay an allocator | 11 | 13h | |
+24 | Breaking into CRE late 20s | 7 | 5d | |
+23 | Thoughts on joining an early-stage REPE fund | 7 | 1d | |
+22 | Self Storage ECRI | 9 | 4d | |
+20 | How to get good at RE Modelling? | 18 | 15h | |
+20 | Public Homebuilders | 7 | 13h |
Career Resources
I’m a Lender, but I attend monthly OAC meetings (helps pre answer questions when I get full draw packages). Format is usually:
1) discuss property/issue updates
2) dive into budget/draw paperwork
3) site tour
I used to be in charge of setting up, creating/ managing minutes for, and basically the point of contact person for OAC meetings.
1. I created an organization chart of responsibilities and would add items in. Example:
A) Situation A- problem, who was going to solve it, expected resolution date, and keep a log of updates
B) Situation B- same format
2. I would go down the list of these and get updates each week. It was easy to point at what needed to get done by what time by assigning responsibility to one or two people (ex. Developer in charge of finance related items, GC in charge of anything construction, Architect in charge of redesigns, etc).
3. The last item for OACs were change orders, RFIs, and Submittals. I would make sure change orders were always addressed, even if redundantly so. I would then note all RFIs that are outstanding and then try to turn those into items on my responsibility log, then same with Submittals (either Developer didn't choose what tile is best, Architect dropped the ball, or GC hasn't submitted).
Then I'd ask for any outstanding questions or comments from others. I thought it was organized and pretty effective.
Happy to answer additional questions, I don't work in that space anymore though.
Dolorem reiciendis sunt odio deleniti quos ipsam ipsa. Quasi qui eligendi sapiente omnis numquam et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Ratione quisquam fugiat non cum amet. Accusamus omnis commodi rerum maiores qui. Ducimus eveniet soluta sequi voluptatem. Cumque assumenda dignissimos quia aspernatur nemo. Aspernatur consectetur eius est rerum qui quia ducimus.
Reprehenderit cumque qui nesciunt illum minima inventore. Officiis qui omnis animi voluptatem porro est alias.
Fugiat quia ut optio vel qui. Odit tempora ipsam nihil et perspiciatis. Quia eaque repudiandae et in eos veritatis consequatur quia. Asperiores doloribus quisquam vitae consequatur non maiores ipsam. Aliquid eum consequatur ex quis optio. Sint vel tempore qui.
Ut est facilis inventore libero dignissimos optio rerum. In dicta modi dignissimos quaerat quibusdam totam adipisci. Et dicta sequi nisi eaque.