On this episode of A Minute with Mike we discuss the intricacies of valuing real estate partnerships. Rental real estate can seem like a very simple business. There is a piece of property. This property gets leased to tenants that pay rent to the property owner. The property owner then pays expenses (taxes, utilities, repairs, etc.), likely pays the bank, and then keeps what is left. Although it seems simple, there are a large number of iterations of this scenario that play out in reality.