Episode 103: Why Venture into Syndication & Self-Storage Market?

26/04/2024 43 min
Episode 103: Why Venture into Syndication & Self-Storage Market?

Listen "Episode 103: Why Venture into Syndication & Self-Storage Market? "

Episode Synopsis

Carlo Piccirillo, Managing Director of Manas Equities, shares his journey from a W2 employee to a successful entrepreneur and investor. Born into a family that invested in rent-stabilized properties, Carlo learned the value of real estate early on. He talks about the challenges of rent-stabilized properties in New York and how he, along with his partners, navigated the market shifts. Tune in to gain insights into Carlo's mindset and strategies for expanding a diverse property portfolio through syndication and ventures into the self-storage market.Enjoy this episode on your favorite podcast platform✅ Apple →  https://podcasts.apple.com/gb/podcast/why-venture-into-syndication-self-storage-market/id1625806145?i=1000653668389✅ Youtube → https://www.youtube.com/@hanneshenncheLet’s Stay Connected✅ LinkedIn →  https://www.linkedin.com/in/hannes-hennche/Connect with Carlo Piccirillo ✅ LinkedIn → https://www.linkedin.com/in/carlo-piccirillo-2158aa6/✅ Website →  https://manasequities.com/Time Stamps00:00:49 - Entering Rent-Stabilized Properties00:02:25 - Challenges in Rent-Stabilized Properties00:04:11 - Affordable Housing and Market Dynamics00:05:10 - Shift in Ownership and Market Players00:07:13 - Personal Experiences and Tenant Relationships00:08:08 - Corporate vs. Personal Management Styles00:09:19 - Market Trends and Property Values00:10:06 - Political Influence and Real Estate Policies00:16:05 - Financial Mindset and Family Influence00:25:06 - Distractions and Focus in Modern Investing00:34:04 - Exploring New Markets: Self-Storage Facilities00:36:58 - Community and Real Estate00:43:06 - Spirituality and Personal LifeSound Bites"Rent-stabilized market has historically been kind of like a small business owner.""I think that we need a dosage of humble pie every so often to just realize how small we are and how many things can impact us that we can't control.""When you do the right things because you want to do the right thing, sometimes it pans out in your favor and sometimes it doesn't. But I think overall, you're going to get a return in one way or another." "If you just hit a pot of gold and you don't know how you made it, you're just as scared to lose it because you haven't actually built the skill set or the perseverance or the patience to do it again."#thepathtowellth #realestate #realestateinvesting #syndication #selfstorage #passiveincome #wealthbuilding #mindset #passion #financialfreedom 

More episodes of the podcast The Path to Wellth with Hannes Hennche