Global Investors: Investing in U.S. Real Estate

SS237: What Is the Cost of Tenant Turnover

Tenant turnover can quietly destroy your cash flow if you're not paying attention to the hidden costs. In this episode, Charles Carillo breaks down the real cost of tenant turnover—why it's more than just lost rent—and how smart landlords reduce it without overspending.
You'll learn the difference between vacancy and turnover, how to calculate your actual turnover rate, and the strategies you can apply today to keep good tenants, minimize unit prep expenses, and protect your net operating income.
Whether you manage a few units or a large portfolio, understanding tenant turnover is essential for real estate investors looking to grow efficiently and profitably.
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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/

GI314: Investing in Shopping Malls with Andy Weiner

In this episode of the Global Investors Podcast, Charles Carillo sits down with Andy Weiner, President of RockStep Capital, to explore how shopping center investments can outperform multifamily in today’s high-interest environment.
Andy shares his journey from operating 159 retail stores to building over 10 million sq ft of shopping centers across 11 states. You’ll learn how grocery-anchored assets, enclosed mall redevelopments, and positive leverage strategies offer outsized returns—especially in secondary and tertiary markets.
Topics covered:
Grocery-anchored shopping center investment strategy
Enclosed mall value-add deals and redevelopment
Positive leverage vs negative leverage in real estate
Underwriting retail assets for downside protection
The RockStep Coalition: community-backed investing
Tenant credit analysis and lease structuring
Retail construction cost trends and risk mitigation
Connect with Andy:
Website: https://www.rockstep.com
Subscribe for more interviews with top real estate investors and capital allocators.
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/

SS236: How To Raise Rents Without Losing Tenants

Raising rents can feel risky but not raising them could be even worse.
In this episode of Strategy Saturday, Charles Carillo shares a proven strategy for increasing rents without losing your best tenants. Whether you’ve just bought a property with under market rent, are dealing with inflationary pressures, or want to boost your cash flow without causing turnover, this episode will walk you through exactly what to do and what to avoid.
Charles covers:
How to raise rent the smart and sustainable way
When to use a rent concession strategy
How to justify rent increases with data and transparency
What to include in a rent increase letter
The hidden cost of tenant turnover
Why communication and empathy are key to tenant retention
If you're a landlord, real estate investor, or property manager looking to raise rent without damaging relationships, this episode is your roadmap.
Mentioned in this episode:Watch Episode SS39 for a deeper dive on raising rents: https://youtu.be/rbdYOyyVXnM
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/
 

GI313: Structuring Smarter Real Estate Deals with Morgan Keim

 
Morgan Keim joins Charles Carillo to share how he transitioned from raising over $500 million in venture capital for food-tech startups to building long-term wealth through real estate investing. In this episode, Morgan breaks down his strategy behind launching a 75-unit affordable housing fund, investing in over 50 multifamily syndications, and using creative structures like subject-to and seller financing.
You’ll learn how Morgan identifies overlooked markets, partners with strong operators, and protects downside risk through disciplined underwriting and long-term fixed-rate debt. Whether you're a passive investor, GP, or real estate fund manager, this conversation offers real-world insights into building sustainable cash flow and intentional financial freedom.
What You’ll Learn:
Why affordable housing is the most resilient real estate segment
How to transition from LP to GP with confidence
The benefits of subject-to and wrap deals in today’s market
How to structure deals for both upside and downside protection
What 50+ LP deals taught Morgan about sponsor quality
The mindset shift from startup volatility to real estate stability
 
Learn more about Morgan:
→ Ocean Ridge Capital - https://oceanridgecap.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/

SS235: Renovations That Don't Add Value

Not all property upgrades are worth the price. In this episode of Strategy Saturday, Charles Carillo uncovers six common rental property renovations that don’t increase rent, resale value, or return on investment—and in some cases, they can actually lower your NOI. From unpermitted work to luxury appliances and layout changes that backfire, Charles shares real examples and lessons learned from years of hands-on real estate investing.
You’ll learn:
Which renovations landlords often regret
Why “over-improving” hurts more than it helps
The financial traps of pools, solar panels, and premium upgrades
How to align renovations with market demand and tenant expectations
Before you start your next property update, make sure you’re investing where it truly counts.
Looking for small upgrades that actually help increase rent? Don’t miss Strategy Saturday Episode SS219 - https://youtu.be/fN7h6xCTlJc.
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/
 

GI312: The Engineer's Blueprint: Building a $100M+ Portfolio with Chris Lento

How does a mechanical engineer go from aerospace to full-time real estate investing?
In this episode of the Global Investors Podcast, Charles Carillo sits down with Christopher Lento, founder of EM Capital, who shares his journey from corporate defense work to building a portfolio of value-add multifamily properties across the Southeast U.S., including markets like Atlanta, Charlotte, and Raleigh.
You’ll learn:
How to start investing in multifamily properties
The difference between passive and active real estate investing
Why newer construction (post-1985) is now a preferred investment
The importance of asset management in syndication
How to avoid common underwriting mistakes
Why functional design and parking still make or break a deal
Whether you're a W2 employee looking to invest passively or an active investor seeking operational edge, this episode is packed with tactical insights on multifamily investing, real estate syndication, and navigating today’s shifting market.
 
Learn more about EM Capital:https://emcapitalgroup.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/

SS234: What is Bad Debt in Real Estate?

Bad debt is one of the most overlooked threats to your rental property’s performance—and it can silently eat away at your NOI. In this episode, Charles Carillo breaks down the concept of bad debt in real estate, how to calculate your bad debt ratio, and—most importantly—how to reduce it.
From poor tenant screening to inefficient rent collection, Charles shares real-world strategies for eliminating delinquencies and protecting your rental income. Whether you're managing Class A properties or older C-class assets, you'll gain practical insights to prevent rent loss and increase profitability.
🔍 In this episode, you'll learn:
What is bad debt in rental properties?
How to calculate your bad debt ratio
Why delinquencies occur—and how to stop them
The best tenant screening criteria for landlords
How to set up an online rent collection system
Why bad debt is often a management problem, not a market problem
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/

GI311: Your Passive Income Operating System with Joey Muré

Joey Muré, a former mortgage branch manager turned entrepreneur, joins Charles Carillo to share how he broke free from the traditional financial system. In this episode, Joey explains how he transitioned from trading time for money to building over $50,000/month in passive income through the Infinite Banking Concept and personalized investment strategies.
He reveals how his Passive Income Operating System empowers everyday professionals to:
Take back control of their financial future
Use whole life insurance as a cash-flow tool
Escape the 9-to-5 cycle by building smart income streams
Think like investors, not savers
If you’ve ever questioned whether traditional retirement planning really works or felt stuck in a career with no freedom, this episode is your roadmap to financial independence.
Topics covered:
What is Infinite Banking?
How to become your own banker
Why 401(k)s might be keeping you financially trapped
Why ROI is overrated if it delays freedom
How to define your investor DNA and build a scalable strategy
 
Mentioned in this episode:
Book: Become Your Own Banker by Nelson Nash
Learn More About Joey Here:
Wealth Without Wall Street - https://go.wealthwithoutwallstreet.com/globalinvestors 
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/

SS233: What Is Yield on Cost?

Most real estate investors rely on cap rates. That’s a mistake.
In this Strategy Saturday episode, Charles Carillo introduces a powerful underwriting tool that experienced investors use to avoid bad deals: Yield on Cost.
You'll learn:
What Yield on Cost (YOC) actually is
How it's different from cap rate
When and how to use it in your underwriting
What makes a “good” YOC spread
How YOC helps you evaluate risk and make smarter offers
Whether you're analyzing your first deal or scaling your multifamily portfolio, this episode will help you apply short-term, data-driven thinking to your investment strategy.
🔑 Key Takeaways:
YOC vs Cap Rate: Why cap rate can mislead you
The formula to calculate YOC properly
Why a strong spread between YOC and market cap rate matters
When to adjust the spread based on market type and renovation risk
How to use YOC as a quick deal filter, even in off-market scenarios
🎙️ Subscribe to Strategy Saturday for weekly insights on real estate investing.
 
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/
 

GI310: Repositioning Underperforming Properties with Ed Mathews

Ed Mathews is a seasoned real estate investor and the founder of Clark Street Capital. A real estate investment company with a focus on multifamily properties. Ed has over 25 years of Silicon Valley experience, culminating in his transition to full-time real estate investing in 2018. Today, his firm aims to empower professionals toward financial freedom through passive investments.
Learn More About Ed Here:
Clark Street Capital - https://www.clarkst.com/