Posts tagged "rent"

JC 098: Taking Bold Steps with Sri Latha

September 11th, 2020 | no comments

Finding Your Real Estate Strategy.

Imagine a world where one apartment could replace your salary.

After a health scare in 2010, Sri and her husband shifted their focus to real estate. They started their journey with a 12-unit investment in Dallas, Texas before focusing on the California market. After may successful traditional multifamily deals, Sri is now looking to reposition hotels into multifamily communities.

Sri Latha joins John Carney today in The Real Estate Locker Room to discuss her strategy for real estate success.

Key Points:

  1. Hard Money Lending- high interest rates but accessible.
  2. Strategies that work for California: Cash for Keys. ADUs. Layout Changes.
    1. Cash for keys: the current tenant will receive a mutually agreed upon sum in exchange for leaving the rent control unit.
    2. ADU: adding “in law unit” to the property.
    3. Layout Changes: converting small spaces into larger living area.
  3. BRRRR: Buy, Renovate, Rent, Refinance and Repeat.
  4. Don’t spread yourself too thin.

Favorite Books:

  Pro tips:

  • Go one step deeper than where the average investor goes.
  • Ask a lot of questions. 

Reach Out to Sri Latha

Thank you Sri for taking the time to share your strategy for profitable real estate investing in California and creating passive income with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2020


JC 019: $400 million dollars of development in 18 months with Tom Charek

August 2nd, 2017 | 2 comments
Accelerate your success with a team who complements your strengths

The Real Estate Locker Room Show with John Carney EP 019Tom Charek offers his clients the knockout combination of his experience as a large-scale commercial builder and his training as an engineer. Tom is no stranger to large-scale projects and completed $400 million dollars of development in 18 months with the Geis Companies in Cleveland, Ohio.

Tom combines his experience on the construction and project management side of a deal with his knowledge of business structure and finance to deliver a total package to his clients who invest in a range of development from apartment buildings to hotels to office buildings. Tom will tell you if a deal is bad early on so that you don’t waste time and money and you can keep moving forward.

The three questions that you must ask when evaluating a development opportunity are:

1) is the land good?

2) is the city good?

3) is it easy to build?

Tom entered the real estate investing game when he was looking to own his first home. He fixed and flipped his way to success by purchasing and renovating a tri-plex, collecting the rent, managing the property and exiting for a profit. A few years of hard work and hustle will pay off if you are willing to make sacrifices and self-manage your investment properties.

Many investors hold onto properties for too long. Tom recommends selling an investment property after you renovate so that you maximize the improvement value and you do not have to spend time, effort and money a second time. Trends change so plan your exit and renovations accordingly.

Tom encourages investors to study their local market and determine where for the same rental rate you can purchase or build for the lowest cost.

5 Key Points

  • Say “yes” to opportunity
  • Know the rental rates for your product type. You want to invest / build where rental rates are high and costs are lower
  • When starting out, self managing your investment properties will keep you accountable
  • Maximize the improvement value of your investment buy not holding it for any longer than three years after you renovate
  • Surround yourself with a team of people who complement your strengths

Favorite athlete: Kevin Love – NBA player

Favorite book(s):

Bringing Out the Best in People by Aubrey Daniels

The 7 Habits of Highly Effective People by Stephen Covey

Tom trains for success by reading for 2 hours daily. Reading and gaining more knowledge is the key to gaining the advantage in business / life.

Thank you Tom for taking some time out to share your business insights with us.

You may connect with Tom Charek direct on LinkedIn or you can reach Tom at Pride One Construction and “like” Pride One of Facebook,

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at


Connect with John Carney
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2017