Global Investors: Investing in U.S. Real Estate

Global Investors: Investing in U.S. Real Estate

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Global Investors: Investing in U.S. Real Estate episodes

  • SS290: Outsourcing vs. Building an In-House Team

    Outsourcing vs. in-house property management—which is more cost-effective for multifamily real estate investors? Discover the hidden costs, risks, and benefits of hiring a third-party property management company versus building your own in-house team.

    In this episode of Strategy Saturday (SS290), Charles Carillo explains how choosing the right property management strategy can impact your net operating income (NOI), profitability, operational control, and long-term real estate investment success.

    Should you outsource your rental property management or take full control with an in-house property management team?

    While third-party property management can reduce operational responsibilities and help investors focus on acquiring new properties, building an in-house team offers greater control over expenses, tenant experiences, and daily operations. However, that control comes with additional costs, staffing challenges, and management responsibilities.

    Charles breaks down why outsourcing often makes financial sense for investors with fewer than 100 units in a market, while portfolios approaching 1,000 units may benefit from evaluating in-house property management.

    In this episode, you'll learn:

    • Outsourcing vs. in-house property management: Which is right for your portfolio?

    • The advantages and disadvantages of third-party property management companies

    • Hidden property management fees, maintenance markups, and operating expenses

    • How outsourcing and in-house management affect net operating income (NOI)

    • The real costs of hiring and maintaining an in-house property management team

    • When it makes financial sense to bring property management in-house

    • How portfolio size, property density, and geographic location affect management decisions

    • Why outsourcing can help multifamily investors focus on acquisitions and capital raising

    • How a hybrid property management strategy can reduce operational complexity

    • Why hiring an asset manager may be better than starting your own property management company

      Whether you're a new multifamily investor, an apartment building owner, or an experienced real estate investor scaling your portfolio, understanding these property management strategies can help you make better investment decisions and manage your properties more efficiently.

       

      Links Referenced in Episode: -

      • SS284: How to Build a Multifamily Investment Team the Right Way
      • https://youtu.be/NvBz5DvAjp8

         

        Connect with the Global Investors Show, Charles Carillo and Harborside Partners:

        ◾ Setup a FREE 30 Minute Strategy Call with Charles:

        http://ScheduleCharles.com

        ◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/ 

        ◾ FREE Passive Investing Guide: http://www.HSPguide.com
        ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com
        ◾ Passively Invest in Real Estate: http://www.InvestHSP.com
        ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/

        5 min
      • GI367: 20 Years of Real Estate Lessons with Dustin Heiner

        How can rental properties help you replace your job income and achieve financial freedom? Real estate investor Dustin Heiner shares 20 years of real estate investing lessons, from his first $317 rental income check to becoming “successfully unemployed.”

        In this episode of the Global Investors Podcast, Charles Carillo sits down with Dustin Heiner, founder of Master Passive Income, to discuss building passive income through rental properties, buying cash-flowing real estate, and avoiding costly mistakes.

        Dustin started investing in 2006 while working a government job. After experiencing a layoff and dealing with a property manager who stole money from him, he changed the way he approached rental property investing.

        Today, Dustin discusses his experience building a portfolio of roughly 35 properties, participating in large apartment investments, and creating real estate income without relying on a traditional job.

        WHAT YOU'LL LEARN:

        • How Dustin started investing in rental properties in 2006.

        • Why getting laid off transformed his approach to financial security.

        • How rental property cash flow can replace employment income.

        • The mistakes that caused his first property manager to steal from him.

        • Why cash flow matters more than hoping for appreciation.

        • Creative financing methods, including DSCR loans and refinancing.

        • How to build a reliable real estate investing team.

        • Why Dustin warns investors about short-term rental risks.

        • How 20 years of real estate investing can build long-term wealth.

          Learn More About Dustin Here:

          • Master Passive Income - https://masterpassiveincome.com/
          • Connect with the Global Investors Show, Charles Carillo and Harborside Partners:

            ◾ Setup a FREE 30 Minute Strategy Call with Charles:

            http://ScheduleCharles.com

            ◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/ 

            ◾ FREE Passive Investing Guide: http://www.HSPguide.com
            ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com
            ◾ Passively Invest in Real Estate: http://www.InvestHSP.com
            ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/

            42 min
          • SS289: The Impact of New Construction on Existing Properties

            New apartment construction can hurt your rental income, increase vacancy rates, and drive tenants away from existing multifamily properties. But why does this happen, and which apartment buildings are most at risk?

            In this episode of Strategy Saturday (SS289), Charles Carillo explains how new apartment developments impact existing Class A, Class B, and Class C properties—and what multifamily investors and property owners can do to protect their rental income and occupancy rates.

            When hundreds of new apartment units enter a rental market, developers often attract tenants with aggressive leasing incentives, including free rent, waived security deposits, and reduced fees. These concessions can create a ripple effect throughout the local multifamily market, forcing existing property owners to compete harder to retain tenants.

            In this episode, you'll discover:

            • Why new apartment construction can increase vacancy rates and slow rent growth.

            • How new Class A developments attract tenants away from existing apartments.

            • Why free rent and leasing concessions create pressure on older properties.

            • How new construction affects Class A, Class B, and Class C multifamily properties differently.

            • Why older Class A apartment buildings can be especially vulnerable to tenant turnover.

            • How property owners can improve tenant retention, manage renewals, and protect occupancy.

              Whether you're a multifamily real estate investor, apartment building owner, syndicator, or property manager, understanding the impact of new construction can help you make smarter investment and property management decisions.

              Links Referenced in Episode: -

              • SS271: Strategic Concessions: When They Help and When They Hurt Your Bottom Line - https://youtu.be/ERVasSChZD8
              •  

                Connect with the Global Investors Show, Charles Carillo and Harborside Partners:

                ◾ Setup a FREE 30 Minute Strategy Call with Charles:

                http://ScheduleCharles.com

                ◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/ 

                ◾ FREE Passive Investing Guide: http://www.HSPguide.com
                ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com
                ◾ Passively Invest in Real Estate: http://www.InvestHSP.com
                ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/

                 

                6 min
              • GI366: Private Lending While Traveling the World with Harley Green

                How can you run a private lending business while traveling the world full time?

                In this episode of the Global Investors Podcast, Charles Carillo sits down with Harley Green, founder of InvestAway, to discuss his transition from nearly 20 years as a computer engineer to real estate investor and private lender.

                Harley explains how InvestAway approaches asset-based private lending without traditional credit checks, how borrowers can potentially receive funding in as little as three business days, and how investors can participate in real estate-secured loans through a direct co-lending model. 

                They also discuss using self-directed IRAs for private lending, underwriting fix-and-flip and BRRRR projects, construction draws, avoiding risky second-position loans, and how Harley uses virtual assistants, technology, and AI to operate his business remotely while traveling internationally with his family. 

                Harley also shares why InvestAway focuses heavily on protecting capital through the underlying real estate and why chasing higher returns through second-position lending can expose investors to substantially more risk. 

                Learn more about Harley Green:

                • InvestAway: investaway.co
                • Private Lending Guide: investaway.co/pml7mistakes
                • LinkedIn -
                • https://www.linkedin.com/in/harleygreen

                  Connect with the Global Investors Show, Charles Carillo and Harborside Partners:

                  ◾ Setup a FREE 30 Minute Strategy Call with Charles:

                  http://ScheduleCharles.com

                  ◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/ 

                  ◾ FREE Passive Investing Guide: http://www.HSPguide.com
                  ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com
                  ◾ Passively Invest in Real Estate: http://www.InvestHSP.com
                  ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/

                  30 min
                • SS288: How to Budget for Deferred Maintenance Properly

                  Deferred maintenance can quickly turn a profitable multifamily investment into an expensive problem if repairs aren’t properly identified and budgeted before closing.

                  In this episode, Charles Carillo explains how multifamily investors can properly budget for deferred maintenance, starting with a physical needs assessment and identifying the remaining useful life of major building systems.

                  You’ll learn how to:

                  • Identify deferred maintenance during due diligence
                  • Prioritize immediate, operational, and cosmetic repairs
                  • Separate routine OpEx from major CapEx
                  • Budget for roofs, HVAC systems, boilers, parking lots, and other major repairs
                  • Build and fund a reserve account
                  • Avoid relying on property cash flow for major first-year repairs
                  • Charles also explains why being properly capitalized is critical when purchasing and repositioning multifamily properties. SS288- How to Budget for Deferr…

                     

                    Links Referenced in Episode: -

                    • SS267: Deferred Maintenance: How to Spot and Budget for Hidden Property Issues - https://youtu.be/YpOI1WVtCQE
                    •  

                      Connect with the Global Investors Show, Charles Carillo and Harborside Partners:

                      ◾ Setup a FREE 30 Minute Strategy Call with Charles:

                      http://ScheduleCharles.com

                      ◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/ 

                      ◾ FREE Passive Investing Guide: http://www.HSPguide.com
                      ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com
                      ◾ Passively Invest in Real Estate: http://www.InvestHSP.com
                      ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/

                       

                      Connect with the Global Investors Show, Charles Carillo and Harborside Partners:

                      ◾ Setup a FREE 30 Minute Strategy Call with Charles:

                      http://ScheduleCharles.com

                      ◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/ 

                      ◾ FREE Passive Investing Guide: http://www.HSPguide.com
                      ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com
                      ◾ Passively Invest in Real Estate: http://www.InvestHSP.com
                      ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/

                       

                      5 min
                    • GI365: Inside the Hilton Family Office: Institutional Wealth Building with Mark Miller

                      In this episode of the Global Investors Podcast, Charles Carillo sits down with Mark Miller, Managing Director of the Hilton Family Office and CEO of Hilton Tax and Wealth Advisors, to discuss the strategies family offices use to approach investing, risk management, taxes, business exits, and long-term wealth building.

                      Mark explains what a family office actually is, the difference between single-family, multi-family, and virtual family offices, and why the approach used by wealthy families can look very different from traditional retail wealth management.

                      In this episode, you’ll learn:

                      • What a family office is and how it works
                      • When a family office may make sense based on net worth
                      • Family office investing vs. traditional wealth management
                      • Why Mark challenges the traditional 60/40 portfolio
                      • How wealthy investors think about risk and capital preservation
                      • Why investment discipline and systems matter
                      • How business owners can prepare years in advance for an exit
                      • The relationship between expected returns and investment risk
                      • How advanced tax planning fits into long-term wealth building
                      • Lessons Mark has learned during nearly 40 years in financial services
                      • Mark also discusses the philosophy behind his book, Hilton Wealth: How to Invest Like an American Dynasty, and the idea of bringing institutional-style wealth strategies to a broader group of investors.


                        Learn More About Mark Here: https://www.hiltonwealth.com/

                         

                        Connect with the Global Investors Show, Charles Carillo and Harborside Partners:

                        ◾ Setup a FREE 30 Minute Strategy Call with Charles:

                        http://ScheduleCharles.com

                        ◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/ 

                        ◾ FREE Passive Investing Guide: http://www.HSPguide.com
                        ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com
                        ◾ Passively Invest in Real Estate: http://www.InvestHSP.com
                        ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/

                        33 min
                      • SS287: Key Performance Metrics Every Operator Must Track

                        Is your property fully occupied but still underperforming? In SS287, Charles Carillo breaks down the key performance metrics every multifamily operator and real estate investor should be tracking to understand how their properties are actually performing.

                        You’ll learn how to monitor financial, operational, leasing, and marketing KPIs—including net operating income (NOI), economic vacancy, physical occupancy, tenant turnover, lease renewals, turn time, maintenance resolution time, traffic-to-lease rate, and cost per lease.

                        Rather than relying only on industry averages, Charles explains why comparing your current numbers with previous months can help uncover negative trends before they become larger operational problems.

                        If you’re interested in actively investing in multifamily real estate, visit syndicationsuperstars.com and join the waitlist for the one-on-one mentoring program.



                        4 min
                      • GI364: From Stocks and Bonds to 51 Syndications with Senate Eskridge

                        Senate Eskridge is based in Idaho and has partnered on over 1,000 multifamily units across the country (and counting), helping nearly 100 people from all walks of life invest in multifamily real estate.

                        Senate founded The Idaho Summit and The Idaho Real Estate Conference, and also runs the Magic Valley Real Estate Investors Meet-Up.

                        Learn more about Senate Eskridge:

                        • Senate Eskridge - https://senateeskridge.com/
                        • Connect with the Global Investors Show, Charles Carillo and Harborside Partners:

                          ◾ Setup a FREE 30 Minute Strategy Call with Charles:

                          http://ScheduleCharles.com

                          ◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/ 

                          ◾ FREE Passive Investing Guide: http://www.HSPguide.com
                          ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com
                          ◾ Passively Invest in Real Estate: http://www.InvestHSP.com
                          ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/

                          34 min
                        • SS286: When to Walk Away from a Deal

                          What if the best real estate deal you ever make is the one you walk away from?

                          In this Strategy Saturday episode, Charles Carillo explains when multifamily real estate investors should stop trying to make a deal work and walk away instead.

                          A bad deal doesn’t become a good deal just because you’ve already invested time, money, and energy into it. And when a property only works under perfect assumptions, small changes in expenses, financing, vacancies, or repairs can quickly destroy your projected returns.

                          In this episode, Charles covers the major warning signs investors should watch for during underwriting and due diligence, including:

                          • When the numbers simply don’t work

                          • Why tight cash-on-cash margins leave little room for mistakes
                          • Debt service coverage ratio concerns
                          • Overreliance on aggressive rent growth
                          • Inconsistencies between financial statements and bank records
                          • Missing management fees, reserves, or vacancy assumptions
                          • Hidden deferred maintenance and major repair costs
                          • Problem tenants and property-level issues
                          • Why investors should verify information before submitting an offer
                          • When best-case underwriting assumptions are a signal to walk away

                          Successful real estate investing isn’t just about knowing which properties to buy. It’s also about developing the discipline to recognize when the risk no longer justifies the potential return.


                          Links Referenced in Episode: -

                          • SS134: What is Debt Service Coverage Ratio (DSCR) - https://youtu.be/W6eB7NjThiY
                          • Connect with the Global Investors Show, Charles Carillo and Harborside Partners:

                            ◾ Setup a FREE 30 Minute Strategy Call with Charles:

                            http://ScheduleCharles.com

                            ◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/ 

                            ◾ FREE Passive Investing Guide: http://www.HSPguide.com
                            ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com
                            ◾ Passively Invest in Real Estate: http://www.InvestHSP.com
                            ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/

                             

                            6 min
                          • GI363: Navigating U.S. Real Estate & Cross-Border Investing with Lauren Cohen

                            Lauren Cohen was on episode GI100. Lauren helps entrepreneurs, investors, professionals, and families strategically expand into the U.S. through business, investment, real estate, and immigration planning. She has helped hundreds of clients achieve their American dream of investing and/or relocating to the US.

                            Learn More About Lauren Here:

                            www.investingacrossborders.net

                            Connect with the Global Investors Show, Charles Carillo and Harborside Partners:

                            ◾ Setup a FREE 30 Minute Strategy Call with Charles:

                            http://ScheduleCharles.com

                            ◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/ 

                            ◾ FREE Passive Investing Guide: http://www.HSPguide.com
                            ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com
                            ◾ Passively Invest in Real Estate: http://www.InvestHSP.com
                            ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/

                             

                             

                            28 min

                          About Global Investors: Investing in U.S. Real Estate

                          From the publisher's feed

                          The Global Investors Podcast focuses on helping both active and passive investors generate income and generational wealth by investing in U.S. real estate. Listen to interviews with investors, syndicators, lenders, attorneys, property managers, and other industry professionals who have successfully built their businesses while working alongside real estate investors.

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