Multifamily Investing & Syndication

Today we get an update on Florida multifamily construction from our guest, Jeff Rosenfeld, Executive Vice President of Adivo Construction. Florida has had a lot of disruption in the last couple years with things such as tariffs and COVID. Recently, Florida has seen a mass influx of new residents looking for multifamily housing, but there is currently a shortage of skilled construction labor. We talk about how this is affecting multifamily construction costs and discuss how some investors are re-purposing various assets such as hostels and commercial loft space into multifamily housing (commonly called adaptive reuse).

Key Discussion Points

[01:07] Opening remarks by Eric Odum and Steven Silverman

[06:08] About our guest: Jeff Rosenfeld

[06:59] Give us an overview of Florida Multifamily market

[10:15] What’s been going on with multifamily construction costs in the last few years and since COVID?

[11:53] What’s the outlook on multifamily construction costs?

[13:26] With COVID as a disruptor, tell us about adaptive reuse (converting hotels / commercial loft space into multifamily)

[15:05] What areas of Florida are you seeing the most adpative reuse / repurposing of assets into multifamily?

[18:08] Is some of this asset repurposing going towards workforce housing?

[20:22] Tell us about the construction labor force situation in Florida

[25:08] How is construction adapting to low labor force?

[27:45] How would you compare the Florida markets vs the other markets around the country you work in?

[29:47] What types of value-add are you doing to improve your properties?

[35:48] How can folks contact you?

About our Guest

Jeff Rosenfeld is Executive Vice President and founding partner of Adivo Construction based in Deer Field Beach, Florida.

CONTACT INFO

Website: https://www.adivoconstruction.com/

Toll Free Number: 833-825-2425

Multifamily Investing & Syndication

Today we talk with Charles Carillo, founder and managing partner of Harborside Partners Inc., about all things multifamily. This episode is packed with great information that both new and seasoned real estate investors will appreciate such as pitfalls to avoid when investing, advice for new multifamily investors, cap rates, and what the future holds for multifamily real estate. You won’t want to miss this episode!

Key Discussion Points

[01:04] Opening remarks by Eric Odum and Steven Silverman

[03:51] About our guest: Charles Carillo

[04:22] Give us an overview of how and why you got into multifamily

[06:43] What are you seeing in Florida (such as cap rates) that might be affecting the market now and going foward?

[09:32] What cap rates are you seeing that people are willing to pay?

[13:38] What are some pitfals to avoid and advice for new multifamily investors?

[17:31] How do you manage your maintenance issues at your properties?

[26:48] For those thinking about investing in real estate, how can you help each other?

[28:40] How do you deal with debt? Traditional bank? Agency debt?

[30:38] How are you finding / sourcing your deals?

[33:23] What are you currently working on (i.e with investors, etc…)

[36:41] How can folks contact you?

[37:46] Closing comments by Eric & Steven

About our Guest

Charles Carillo is the founder and managing partner of Harborside Partners Inc., a real estate syndication firm based in St. Petersburg, FL. Charles has been actively investing in multifamily real estate since 2006. He also hosts the Global Investors Podcast, where he interviews professionals about investing in U.S. real estate.