Renovations can be one of the fastest ways to increase your property’s net operating income, but they can also destroy returns if performed incorrectly. In this episode, Charles discusses when unit renovations help the bottom line and when they are just vanity projects. Watch The Episode Here: Listen To The Podcast Here: Talking Points: Renovations [...]
Comments Off on GI353: From $500 to a $12M Real Estate Portfolio with Andres Bernal
Andres Bernal is a Dominican-born real estate investor, entrepreneur, and Founder of Sky Circle LLC, as well as a former professional tennis player who built an eight-figure real estate portfolio from the ground up. After immigrating to the United States with just $500, Andres purchased his first property in 2016 and quickly transformed that single [...]
Comments Off on SS275: How to Spot Over-Optimistic Rent Growth
Over-optimistic rent growth is one of the fastest ways a great-looking deal turns into a disappointment. In this episode, Charles talks about how to compare pro forma rents to actual market rents. Watch The Episode Here: Listen To The Podcast Here: Talking Points: When an investment offering memorandum or a broker package is sent to [...]
Comments Off on GI352: Real Estate vs. Small Business: Diversifying into Both with Dr. Jason Balara
Dr. Jason Balara is the CEO and Co-Founder of Lark Capital Group. His focus is on impact-driven investing through multifamily real estate and small-business acquisitions within the Lark Veterinary Impact Fund. Prior to starting Lark Capital, Jason was a single-family home investor with a construction background, focusing on small multifamily rentals and fix-and-flips. Lark Capital [...]
Comments Off on SS274: How Long-Term Debt Protects Your Returns
Long-term debt is one of the most powerful tools multifamily investors can use to reduce risk. In this episode, Charles discusses the benefits of long-term fixed debt and how it can help stabilize your property. Watch The Episode Here: Listen To The Podcast Here: Talking Points: While many real estate investors mainly focus on interest [...]
Comments Off on GI351: How Zero-Deposit Leasing Is Changing Multifamily With Andrew Bowen
Andrew Bowen serves as Senior Vice President of Strategic Partnerships at LeaseLock, an insurance technology provider for rental housing, focused on making housing more accessible by eliminating security deposits with their Zero Deposit program. Other services they provide include screening and fraud detection, and renters' insurance. Prior to joining LeaseLock, Andrew spent 13 years at a leading real estate [...]
The Multifamily Expense Ratio measures how much of a property’s gross income is spent on operating expenses. In this episode, Charles discusses why calculating the expense ratio is important and how it assists the investor during preliminary underwriting. Watch The Episode Here: Listen To The Podcast Here: Talking Points: In multifamily real estate, the Operating [...]
Comments Off on GI350: From W-2 to 550 Units: Scaling a Multifamily Portfolio with Andrew Freed
Andrew Freed is a real estate agent and investor based in Worcester, Massachusetts, and his firm oversees a portfolio of over 550 units. Andrew worked as a corporate project manager for over 10 years on the W2 track, then shifted his focus to real estate investing, and in 3 years went from 0 rental units [...]
Comments Off on SS272: How to Increase NOI Without Raising Rents
Increasing net operating income is key to boosting your property’s value. In this episode, Charles discusses how to increase your property’s NOI without raising your tenants' rent. Watch The Episode Here: Listen To The Podcast Here: Talking Points: When the real estate market is hot, transactions are high, buyers are purchasing apartment buildings, dumping all [...]
Comments Off on GI349: Building Long-Term Wealth Through Workforce Housing with Ashley Garner
Ashley Garner brings over 30 years of multifamily experience, concentrating on reliable workforce housing throughout the Carolinas. With three decades of experience, he has operated hundreds of units across multiple markets, shaping his firm, ABG and Associates, underwriting, and long-term investor model. Watch The Episode Here: Listen To The Podcast Here: Transcript: Charles Welcome to [...]