Grow Your Portfolio, Your Wealth, & Yourself Through the Challenges
Charles Carrillo visits Elevate Nation to talk about real estate investing, focusing on the importance of understanding property management and working with experienced investors. The conversation covers challenges in self-management and the importance of debt-limiting beliefs. They also touch on topics such as tenant retention, market cycles, positive mindset, and personal development.
Key Points from This Episode:
✅ Learn how limiting beliefs are holding you back and break through them.
✅ Invest in personal growth.
✅ Identify 2-3 takeaways or distinctions from today's episode. Discuss these takeaways with a business partner or colleague.
✅ Reflect on your mindset and limiting beliefs and how they may be holding you back
✅ Implement something new in your life/business based on what you have learned.
Links from this Episode
Keep up with the Elevate Podcast: https://elevatepod.com/
Interested in investing with Tyler? Visit https://www.cfcapllc.com/
Ready to boost your web presence? Visit www.sharpwilkinson.com/
Find Charles
Harborside Partners: https://harborsidepartners.com/
Global Investors Podcast: https://harborsidepartners.com/commercial-real-estate-podcast/
LinkedIn: https://www.linkedin.com/in/charleskcarillo/
Instagram: https://www.instagram.com/charleskcarillo/
Names and Books
Donald Trump, “The Art of the Deal,” https://www.amazon.com/Trump-Art-of-Deal-audiobook/dp/B01FY3KPY8/ref=sr_1_1?crid=1OF0U20K92VTL&keywords=donald+trump+the+art+of+the+deal&qid=1686674520&s=books&sprefix=donald+trump+the+art+of+th%2Cstripbooks%2C285&sr=1-1
Richard Koch, “The 80/20 Principle,” https://www.amazon.com/The-80-20-Principle-Richard-Koch-audiobook/dp/B00OH7BB2S/ref=sr_1_1?crid=1VDZ04DQ0HWMC&keywords=the+80-20+principle&qid=1686681110&s=audible&sprefix=the+80-20+principle%2Caudible%2C143&sr=1-1
Rabbi Daniel Lapin, “Thou Shall Prosper,” https://www.amazon.com/Thou-Shall-Prosper-Commandments-Making/dp/B08BW7X6RF/ref=sr_1_1?crid=3MHW9NYWY9R6R&keywords=thou+shall+prosper&qid=1686681210&s=audible&sprefix=thou+shall+prosper%2Caudible%2C78&sr=1-1
Jim Rohn, “Five Major Pieces to the Life Puzzle,” https://www.amazon.com/Five-Major-Pieces-Life-Puzzle/dp/B07HQXXVYL/ref=sr_1_1?crid=1ZK7P3S5YBSHI&keywords=five+pieces+of+the+puzzle&qid=1686681348&sprefix=five+pieces+of+the+puzzle%2Caps%2C134&sr=8-1
💥 Quotes 💥
💥 "It's just important during these times, make sure that people are working, they have the income, doing your full background check, and not skimping on any of that. I would focus more on occupancy and collections with your tenants who are there. I wouldn't worry about doing interior renovations to try to get an extra $125 out of someone.” - Charles Carillo
💥 "Do minimal renovations on your first deals, if anything, because whatever you're doing, whatever you buy it, there's going to be work required. So, you're going to get that renovation experience, but you don't want major renovation experience.” - Charles Carillo
💥 "During these times where people are moving, they're moving for jobs, where the financial climate is better. So, if you're in these areas that are growing, that's where it's going to give you a buffer on what happens with your properties." - Charles Carillo
💥 “Up your barriers to entry for folks who are looking to reside at your properties so you can say, ‘this may be a challenging decision today’ [and] maybe we're going to have an occupancy hit if we raise our standards for new applicants, but in the long run, we're going to be in a much more favorable position.” - Tyler Chesser
💥 “You've got to continually look for feedback in the marketplace and say, look, this did not work. We had a failure. Failure is feedback. It's not fatal. Now. It's an opportunity for us to change strategy, for us to adjust." - Tyler Chesser
About Charles
Charles Carillo is the founder and managing partner of Harborside Partners. He has been actively involved in over $200 million worth of real estate transactions since 2006 and has extensive knowledge in renovating and repositioning multifamily and commercial real estate.
Brought to You By CF Capital
This episode of Elevate is brought to you by CF Capital, a national real estate investment firm. CF Capital’s mission is to provide property investment and asset management solutions to help investors like you maximize their returns by investing in high-value multifamily communities.
If you are looking for risk-adjusted alternative investments in quality apartment communities, and are seeking tax-optimized cash flow with appreciation upside without all the hassle of management, you might benefit from learning more about investing alongside our team.
You’re invited to reach out and learn how you can invest with us by visiting cfcapllc.com.
Sponsored by Sharp Wilkinson
This episode of Elevate is sponsored by Sharp Wilkinson, a boutique digital marketing and sales agency specializing in leveraging data to optimize and deliver the results that matter to you and your business.
For the organization that needs to cut through the noise, Sharp Wilkinson is your marketing partner—always ready to take action—and help you grow with proven, data-driven marketing and sales strategies.
Ready to see your business grow? Growth starts at sharpwilkinson.com.