May 31, 2022
Charles Carillo, unlike other
real estate investors that take a “hands off” approach to property
management, self-managed his properties for years before hiring his
first professional management company. During that time, he learned
the intricacies of dealing with; tenants, contractors,
superintendents, brokers, lenders and attorneys. He purchased and
renovated multifamily properties; some completely vacant, and
turned them into profitable investments that he still owns
In 2016, he founded Harborside Partners, a real estate syndication company that offers other active investors and passive investors alike, the ability to partner with us and purchase larger, more profitable assets. Currently, they are invested into over 2,800 units, worth over $150 million. Additionally, he hosts a real estate investing podcast called Global Investors Podcast.
We talked to Charles about self management, third party management, the upsides and downsides of them, why he switched to a third party management company and how that helped him grow. We also talked about some of the things you should be looking at when investing passively.
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[00:01 – 04:22] Opening Segment
[04:22 – 17:40] Everything About Self-Managing to Third Party Management
[17:40 – 30:17] Passive Investing
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[30:17 – 34:12] Round of Insights
Buying in poor areas.
Most Recommended Book:
#1 Insight for Investing
If you want to limit getting into any issues, get long term depth.
Best Place to Grab a Bite in Florida:
To learn more about Charles go to his website or click here to go to his company website to learn more about investing.
“If you want to limit getting into any issues, get long term depth.” - Charles Carillo
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