Building a high-performing multifamily investment team is the difference between owning a job and owning an asset. In this episode, Charles discusses how to assemble an apartment investment team. Watch The Episode Here: Listen To The Podcast Here: Talking Points: No matter how small or large your apartment portfolio is, there are certain people that [...]

Turning around a distressed multifamily asset requires a blend of aggressive operational auditing and strategic capital improvements. In this episode, Charles discusses the best practices for successfully repositioning a multifamily property. Watch The Episode Here: Listen To The Podcast Here: Talking Points: Acquiring a struggling property can be a headache, but what can make the [...]

Passive investors in apartment syndications typically prioritize the stability of their capital and the reliability of the team managing it. In this episode, Charles discusses what passive investors look for when investing in multifamily syndications. Watch The Episode Here: Listen To The Podcast Here: Talking Points: I have been a passive real estate investor since [...]

Charles purchased his first multifamily property in 2006. In this episode, Charles discusses the mistakes he made with that property and what he would have changed if he were to do it again. Watch The Episode Here: Listen To The Podcast Here: Talking Points: I purchased my first multifamily property in 2006, a 3-family house, [...]

Underwriting is a mix of integrating your estimates as a buyer with the seller's actual numbers. In this episode, Charles discusses the most common underwriting traps. Watch The Episode Here: Listen To The Podcast Here: Talking Points: When you are underwriting a property, you are trying to predict the next 1 – 10 years of [...]

Stress testing a multifamily deal is the process of pushing your underwriting to the point where the deal no longer makes sense. In this episode, Charles discusses the best ways to quickly stress test your multifamily deal. Watch The Episode Here: Listen To The Podcast Here: Talking Points: When we are stress testing a deal, [...]

In multifamily investing, expense ratios are a quick way to gauge how efficiently a property is operating. In this episode, Charles discusses how expense ratios might signal opportunity and also hide a potential problem. Watch The Episode Here: Listen To The Podcast Here: Talking Points: Previously, in episode SS273, we discussed the basics of what [...]

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 [...]

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 [...]

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 [...]