May 31, 2022
Self-Managing or 3rd Party for Property Management with Charles Carillo, Ep. 404
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 today.
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 pa…