Budgeting for deferred maintenance is key to repositioning a property. In this episode, Charles discusses how to properly budget for these renovations by creating a detailed plan. Watch The Episode Here: Listen To The Podcast Here: Talking Points: Dealing with deferred maintenance is a necessary part of repositioning any multifamily property, and it's in this [...]

Effective multifamily operations rely on tracking key metrics that enable operators to make necessary adjustments before major problems arise. In this episode, Charles discusses these critical performance metrics. Watch The Episode Here: Listen To The Podcast Here: Talking Points: No matter how large or small your real estate portfolio is, investors should be tracking certain [...]

Making the decision to walk away from a multifamily deal requires discipline and a realistic assessment of the property. In this episode, Charles discusses some red flags that might signal it's time to walk away. Watch The Episode Here: Listen To The Podcast Here: Talking Points: Knowing when to walk away from a deal is [...]

Dealing with properties that have a permanent functional obsolescence can be purchased at a discount, but usually need to be sold at a discount as well. In this episode, Charles discusses buying permanently discounted properties correctly, without treating them like normal neighborhood comparables. Watch The Episode Here: Listen To The Podcast Here: Talking Points: I [...]

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, [...]