Launching a real estate fund can be an exciting step for an investor. Still, it’s also a leap into a world of regulations, investor relations, and operational details that can quickly overwhelm even experienced professionals. In this episode of Zen and the Art of Real Estate Investing, Jonathan speaks with Mike Zane, a seasoned fund administrator who specializes in helping fund managers navigate these challenges.
Fund administration encompasses more than just tracking numbers. It’s about keeping a fund compliant, running smoothly, and maintaining trust with investors. Mike explains that many new managers come into the process focused solely on raising capital and finding deals, only to realize that the day-to-day responsibilities like regulatory filings, quarterly reports, and distribution management require just as much attention.
One of the most common mistakes Mike sees is underestimating how much time fund management takes. Without a straightforward process, even simple investor updates can become stressful and inconsistent. That’s where a skilled administrator comes in, offering not only technical expertise but also systems for tracking performance, meeting deadlines, and keeping communication open.
For managers transitioning from syndications, starting a fund means a bigger scope and higher expectations. Investors in a fund want regular, clear updates, and any lapse in reporting can damage confidence. Mike emphasizes the importance of setting up the right technology from the start, hiring or partnering with the right professionals, and staying proactive rather than reactive.
By approaching fund administration as a core part of the business—not an afterthought—managers can create stronger investor relationships, avoid compliance headaches, and set themselves up for scalable growth. As Mike puts it, a well-run fund doesn’t just make life easier for the manager. It builds the foundation for long-term success.
If you want to learn more about Zen and the Art of Real Estate Investing Podcast, check out https://zenandtheartofrealestateinvesting.com/podcast/270/.