Does anyone else's ownership table look like a family tree?
Trying to figure out if I'm the only one dealing with this or if it's normal at small-mid operator scale.
Across my portfolio I have: single-member LLCs, TIC co-ownership structures (one with a capital partner doing 1031 proceeds), syndication GP entities with LP investors, and holding LLCs that sits above operating LLCs.
My tax accountant deals with it transactionally. My attorney creates legal documents for each entity individually. But when I try to answer a simple question like "what’s my equity in the portfolio" or "how much of last year's appreciation flowed to me personally after accounting for all the entity stakes" — I'm building Excel for two hours.
Some questions for other operators with layered structures:
Are you using any software that actually handles ownership-graph rollups? I personally use Yardi Breeze Premier, but my research tells me other software are all property-centric in my experience, not ownership-centric. (Unless you buy pricey Investor modules)
How often do you present LP reports where you need personal-vs-entity-vs-property views?
Is this a "me problem" or a common headache?
Insights & best-practices would be appreciated.