The TCO Method

Aleksey Chernobelskiy LIVE at The Best Ever Conference | Sp.06

Special Episode Recorded LIVE From The Best Ever Conference Podcast Stage!  Andy welcomes back Aleksey Chernobelskiy, and together we explore the often-hidden complexities and controversies in the real estate investment world.  Aleksey shares insights from his new GP-LP Match system, which has sparked quite a stir among industry professionals due to its disruptive nature. Listen in as we unpack the challenges faced by general partners (GPs) and limited partners (LPs), focusing on the risks and misunderstandings that can arise, particularly for those not fully prepared for the illiquid nature of their investments. Our discussion then turns to the critical issues of capital calls and cross-collateralization risks in real estate investments. We examine how some GPs use debt to fund distributions, potentially misleading LPs about a property's financial health. With a focus on ethical considerations, transparency, and the importance of open communication, we highlight real-world examples of the pitfalls of deceptive practices. We challenge the notion that capital calls should never happen, urging investors to seek GPs who prioritize honesty and clarity over unrealistic promises. Finally, we delve into the alignment of interests between GPs and LPs, emphasizing the need for transparency and clear communication. The conversation touches on the evolving expectations of LPs, the importance of traditional deal structures, and the recalibration of return expectations in today's market. As we wrap up, we underscore the value of due diligence and consulting with a professional advisor.  (0:00:00) - Industry Controversy and Bridge-Building (0:12:50) - Capital Calls and Cross-Collateralization Risks (0:20:54) - Investor Alignment and Partnership Transparency (0:27:41) - Investment Advice and Expertise Sharing About Aleksey Chernobelskiy: Aleksey advises Limited Partners ("LP's) and General Partners ("GP's" or "Sponsors" ) on existing and future investments. He writes weekly to over 7,000 investors on his Substack [https://www.lplessons.co/] where he shares how to property vet and think about LP investments in the grand scheme of their portfolios. His latest venture, GP-LP Match [https://gplpmatch.com/] , gives a users the ability to both post their deals they are looking for LP investors in, as well as to find deals as an LP that match their "buy box". Aleksey also helps General Partners on matters relating to LPs, like capital calls and distribution pauses and provides feedback on investment decks. Prior to this advisory work, Aleksey ran STORE Capital's $10 Billion commercial real estate portfolio and oversaw the firm's underwriting team. Aleksey graduated from the University of Arizona with a quadruple major - Finance, Mathematics, Economics, & Accounting. Connect with Aleksey Twitter/X [https://x.com/chernobelskiy] | LinkedIn [https://linkedin.com/in/chernobelskiy] | Substack [https://lplessons.substack.com] Please take the time to support the show - we’d appreciate you subscribing and leaving us a review! YouTube [http://www.youtube.com/channel/UC3PYpcMNzSbggRb41MyF4og?sub_confirmation=1&feature=subscribe-embed-click] | Apple Podcasts [https://podcasts.apple.com/us/podcast/the-tco-method/id1686766240] | Spotify [https://open.spotify.com/show/2wZbe8fSIe4LMKtsT0p0Vh] Learn more about Andy McQuade [https://linktr.ee/andymcquade] Visit his website [https://andymcquade.com/] Check out Andy’s Consulting Firm [https://armcompanies.com/] Follow Andy on social media LinkedIn [https://www.linkedin.com/in/andymcquade] | Twitter/X [https://twitter.com/andy_mcquade] | Instagram [https://www.instagram.com/mcquade_andy/] | Facebook [https://www.facebook.com/McQuadeAndy/] | Reddit [https://www.reddit.com/user/andymcquade] Want to know more about The TCO Method ®? Check out our website [https://tcomethod.com/] Sign up for our Newsletter [https://tcomethod.substack.com/] Find us on social media LinkedIn [https://linkedin.com/company/tcomethodpodcast] | Twitter/X [https://twitter.com/tcomethod] | Instagram [https://instagram.com/tcomethod/] | Facebook [https://facebook.com/tcomethodpodcast] | Facebook Group [https://facebook.com/groups/tcomethod] | Subreddit [https://reddit.com/r/TCOMethod] Question? Feedback? Comment? e-mail us [podcast@tcomethod.com] This podcast is for informational purposes only and should not be considered legal or financial advice. You should always consult with licensed and qualified professionals about your specific, individual situation. Read the Full Disclaimer [https://tcomethod.com/podcast-disclaimer]

Make Sure Your Time Creates ROI | Ep.33

In this podcast episode, Andy McQuade explores the importance of strategically investing time over cost-saving measures in real estate, emphasizing opportunity cost, the benefits of hiring professionals, and effective time management for maximizing business growth. Highlights: - 0:05 - Introduction: Andy McQuade discusses the importance of prioritizing time investment over cost-saving measures in real estate. - 10:20 - Opportunity Cost: Exploring how opportunity cost can impact real estate decisions and long-term growth. - 18:45 - Hiring Professionals: Highlighting the benefits of hiring professionals to enhance efficiency and business success. - 25:30 - Time Management: Strategies for effective time management to maximize growth in the real estate industry. Video, Summary, Show Notes & Transcript [https://tcomethod.com/make-sure-your-time-creates-roi/] Please take the time to support the show - we’d appreciate you subscribing and leaving us a review! YouTube [http://www.youtube.com/channel/UC3PYpcMNzSbggRb41MyF4og?sub_confirmation=1&feature=subscribe-embed-click] | Apple Podcasts [https://podcasts.apple.com/us/podcast/the-tco-method/id1686766240] | Spotify [https://open.spotify.com/show/2wZbe8fSIe4LMKtsT0p0Vh] Learn more about Andy McQuade [https://linktr.ee/andymcquade] Visit his website [https://andymcquade.com] Check out Andy's Consulting Firm [https://armcompanies.com] Follow Andy on social media LinkedIn [https://www.linkedin.com/in/andymcquade] | Twitter/X [https://twitter.com/andy_mcquade] | Instagram [https://www.instagram.com/mcquade_andy/] | Facebook [https://www.facebook.com/McQuadeAndy/] | Reddit [https://www.reddit.com/user/andymcquade] Andy's Podcast Recording Tech Stack: If you use these links, we earn a small commission on your purchase which helps support the show. Shure SM7-B Microphone [https://amzn.to/42zNBb0] Cloudlifter CL-1 Inline Preamp [https://amzn.to/3OCFvc1] Focusrite Scarlett 2i2 Gen4 Audio Interface [https://amzn.to/3OGuDJZ] Heil Sound HB-1 Mic Boom [https://amzn.to/3STDzhP] Sennheiser HD 300 Pro Headphones [https://amzn.to/3Oydn9R] Want to know more about The TCO Method ®? Check out our website [https://tcomethod.com/] Sign up for our Newsletter [https://tcomethod.substack.com] Join our Patreon [https://patreon.com/tcomethod] Donate [https://tcomethod.com/support] and support the show Find us on Social Media LinkedIn [https://www.linkedin.com/company/tcomethodpodcast/] | Twitter/X [https://twitter.com/tcomethod] | Instagram [https://www.instagram.com/tcomethod/] | Facebook [https://www.facebook.com/tcomethodpodcast] | FB Group [https://www.facebook.com/groups/tcomethod] | Subreddit [https://www.reddit.com/r/TCOMethod/] Question? Feedback? Comment? e-mail us [podcast@tcomethod.com] This podcast is for informational purposes only and should not be considered legal or financial advice. You should always consult with insured, licensed, and qualified professionals about your specific, individual situation. Read the full disclaimer. [https://tcomethod.com/podcast-disclaimer]

You've Been Lied To | Ep.32

Andy McQuade brings over two decades of experience on the supply side to today's episode where he discusses a couple of the most blatant lies about product that keep getting repeated across the industry. Highlights: - 00:01:45 - Discussion on product quality not differing significantly between big-box retailers and smaller stores using power tools as an example. - 00:04:30 - Explanation on why brands don't risk their reputation by selling lower quality items in different stores. - 00:06:50 - Exploration of how economies of scale, especially in mass production, can significantly reduce costs across various business sectors. - 00:10:15 - Analysis of the competitive advantage large retailers have due to their purchasing power and negotiation leverage. - 00:14:40 - Suggestions on how smaller businesses can remain competitive by adopting smart scaling strategies. - 00:18:20 - Emphasis on the importance for businesses to focus on systems and processes that facilitate scaling. - 00:20:50 - Urging listeners to be skeptical of misinformation and verify the credibility of sources before accepting advice. - 00:23:45 - Conclusion of the episode as both a myth-buster and guide for understanding the dynamics of retail quality and strategic use of economies of scale in business. Video, Summary, Show Notes & Transcript [https://tcomethod.com/youve-been-lied-to/] Please take the time to support the show - we’d appreciate you subscribing and leaving us a review! YouTube [http://www.youtube.com/channel/UC3PYpcMNzSbggRb41MyF4og?sub_confirmation=1&feature=subscribe-embed-click] | Apple Podcasts [https://podcasts.apple.com/us/podcast/the-tco-method/id1686766240] | Spotify [https://open.spotify.com/show/2wZbe8fSIe4LMKtsT0p0Vh] Learn more about Andy McQuade [https://linktr.ee/andymcquade] Visit his website [https://andymcquade.com] Check out Andy's Consulting Firm [https://armcompanies.com] Follow Andy on social media LinkedIn [https://www.linkedin.com/in/andymcquade] | Twitter/X [https://twitter.com/andy_mcquade] | Instagram [https://www.instagram.com/mcquade_andy/] | Facebook [https://www.facebook.com/McQuadeAndy/] | Reddit [https://www.reddit.com/user/andymcquade] Andy's Podcast Recording Tech Stack: If you use these links, we earn a small commission on your purchase which helps support the show. Shure SM7-B Microphone [https://amzn.to/42zNBb0] Cloudlifter CL-1 Inline Preamp [https://amzn.to/3OCFvc1] Focusrite Scarlett 2i2 Gen4 Audio Interface [https://amzn.to/3OGuDJZ] Heil Sound HB-1 Mic Boom [https://amzn.to/3STDzhP] Sennheiser HD 300 Pro Headphones [https://amzn.to/3Oydn9R] Want to know more about The TCO Method ®? Check out our website [https://tcomethod.com/] Sign up for our Newsletter [https://tcomethod.substack.com] Join our Patreon [https://patreon.com/tcomethod] Donate [https://tcomethod.com/support] and support the show Find us on Social Media LinkedIn [https://www.linkedin.com/company/tcomethodpodcast/] | Twitter/X [https://twitter.com/tcomethod] | Instagram [https://www.instagram.com/tcomethod/] | Facebook [https://www.facebook.com/tcomethodpodcast] | FB Group [https://www.facebook.com/groups/tcomethod] | Subreddit [https://www.reddit.com/r/TCOMethod/] Question? Feedback? Comment? e-mail us [podcast@tcomethod.com] This podcast is for informational purposes only and should not be considered legal or financial advice. You should always consult with insured, licensed, and qualified professionals about your specific, individual situation. Read the full disclaimer. [https://tcomethod.com/podcast-disclaimer]

Not A Normal Real Estate Podcast - The TCO Method ® w/ Andy McQuade | TRAILER #2

Are you sick of real estate podcasts that all sound the same? That all talk about the same things over and over again without actually giving you the information you REALLY want and need? The TCO Method ® might be the show you've been waiting for. We talk about how to actually DO the things that help you make more money in real estate in order to MASSIVELY INCREASE YOUR NET OPERATING INCOME ™. Every guest we bring on is a subject matter expert in their specific niche of real estate, in this trailer we include clips from Gino Barbaro of Jake & Gino [https://jakeandgino.com], Aleksey Chernobelskiy, author of LP Lessons [https://lplessons.substack.com], Jeremy Goodrich of Shine Insurance [https://www.shineinsurance.com/], and Yonah Weiss of Madison Specs [https://www.madisonspecs.com/] and the Weiss Advice Podcast [https://www.yonahweiss.com/podcast]. Please take the time to support the show - we’d appreciate you subscribing and leaving us a review! YouTube [http://www.youtube.com/channel/UC3PYpcMNzSbggRb41MyF4og?sub_confirmation=1] | Apple Podcasts [https://podcasts.apple.com/us/podcast/the-tco-method/id1686766240] | Spotify [https://open.spotify.com/show/2wZbe8fSIe4LMKtsT0p0Vh] Learn more about Andy McQuade [https://linktr.ee/andymcquade] Visit his website [https://andymcquade.com] Check out Andy's Consulting Firm [https://armcompanies.com] Follow Andy on social media LinkedIn [https://www.linkedin.com/in/andymcquade] | Twitter/X [https://twitter.com/andy_mcquade] | Instagram [https://www.instagram.com/mcquade_andy/] | Facebook [https://www.facebook.com/McQuadeAndy/] | Reddit [https://www.reddit.com/user/andymcquade] Want to know more about The TCO Method ®? Check out our website [https://tcomethod.com/] Sign up for our Newsletter [https://tcomethod.substack.com] Join our Patreon [https://patreon.com/tcomethod] Donate [https://tcomethod.com/support] and support the show Find us on Social Media LinkedIn [https://www.linkedin.com/company/tcomethodpodcast/] | Twitter/X [https://twitter.com/tcomethod] | Instagram [https://www.instagram.com/tcomethod/] | Facebook [https://www.facebook.com/tcomethodpodcast] | FB Group [https://www.facebook.com/groups/tcomethod] | Subreddit [https://www.reddit.com/r/TCOMethod/] Question? Feedback? Comment? e-mail us [podcast@tcomethod.com] This podcast is for informational purposes only and should not be considered legal or financial advice. You should always consult with insured, licensed, and qualified professionals about your specific, individual situation. Read the full disclaimer. [https://tcomethod.com/podcast-disclaimer]

People First! Advanced Multifamily Operations w/ Gino Barbaro | Sp.05

Gino Barbaro joins Andy McQuade on The TCO Method ® podcast to discuss how Jake & Gino successfully own and operate over 2,000 units across their multifamily portfolio - without the issues currently plaguing the industry.  Key takeaways from the episode include the significance of proactive property management for tenant retention, the synergy between asset and property management, weekly monitoring of key performance indicators, and the importance of financial stewardship. Gino and Andy also highlight strategies such as using durable materials, systematizing property management, and establishing solid vendor relationships.  Additionally, Gino shares their secrets about cultivating a company culture, incentivizing employees through investment opportunities, and adopting a multi-tiered approach to adding value to property management. Read the transcript, show notes & summary  [https://tcomethod.com/people-first-advanced-multifamily-operations-w-gino-barbaro/] Highlights:  0:04:59 - Maximizing Tenant Retention and Financial Efficiency  0:14:02 - Investment Strategy and Asset Management 0:24:43 - Considerations for Buying Real Estate Assets 0:33:45 - Managing Property Managers and Workforce Efficiency 0:40:07 - Property Managers and Hiring Culture Issues 0:46:59 - Leveraging Employee Incentives and Restrictions 0:56:32 - Contrasting Section 8 and the Market About Gino Barbaro: Gino is an investor, business owner, author and entrepreneur. As an entrepreneur, he has grown his real estate portfolio to over 2,000 multifamily units & $250,000,000 in assets under management. Gino owned an Italian restaurant for over twenty years, and was affectionately known as the pizza guy. He met Jake in 2009, and the duo purchased their first deal in 2013. Gino left the restaurant back in 2016 to become a full-time multifamily investor. Gino and his partner, Jake, launched the Jake & Gino community back in 2016, the premier multifamily real estate educational community, to teach others how to invest in multifamily real estate. He is the best-selling author of three books, Wheelbarrow Profits, The Honey Bee and Family, Food and the Friars. He currently resides in St. Augustine, Florida with his beautiful wife Julia and their six children. Order Gino's bestselling books below - if you use these links, we earn a small commission on your purchase which helps support the show. Wheelbarrow Profits [https://amzn.to/3UkLNR1]  The Honey Bee [https://amzn.to/42d9BID] Family, Food, And Friars [https://amzn.to/48UbY5x] Want to know more about Gino? Check out the Jake and Gino Website [https://jakeandgino.com] Connect on LinkedIn [https://www.linkedin.com/in/gino-barbaro-03973b4b/] | Follow their Instagram [https://www.instagram.com/jakeandgino/]   Please take the time to support the show - we’d appreciate you subscribing and leaving us a review! YouTube [http://www.youtube.com/channel/UC3PYpcMNzSbggRb41MyF4og?sub_confirmation=1&feature=subscribe-embed-click] | Apple Podcasts [https://podcasts.apple.com/us/podcast/the-tco-method/id1686766240] | Spotify [https://open.spotify.com/show/2wZbe8fSIe4LMKtsT0p0Vh] Learn more about Andy McQuade [https://linktr.ee/andymcquade] Visit his website [https://andymcquade.com] Check out Andy's Consulting Firm [https://armcompanies.com] Follow Andy on social media LinkedIn [https://www.linkedin.com/in/andymcquade] | Twitter/X [https://twitter.com/andy_mcquade] | Instagram [https://www.instagram.com/mcquade_andy/] | Facebook [https://www.facebook.com/McQuadeAndy/] | Reddit [https://www.reddit.com/user/andymcquade] Want to know more about The TCO Method ®? Check out our website [https://tcomethod.com/] Sign up for our Newsletter [https://tcomethod.substack.com] Join our Patreon [https://patreon.com/tcomethod] Donate [https://tcomethod.com/support] and support the show Find us on Social Media LinkedIn [https://www.linkedin.com/company/tcomethodpodcast/] | Twitter/X [https://twitter.com/tcomethod] | Instagram [https://www.instagram.com/tcomethod/] | Facebook [https://www.facebook.com/tcomethodpodcast] | FB Group [https://www.facebook.com/groups/tcomethod] | Subreddit [https://www.reddit.com/r/TCOMethod/] Question? Feedback? Comment? e-mail us [podcast@tcomethod.com] This podcast is for informational purposes only and should not be considered legal or financial advice. You should always consult with insured, licensed, and qualified professionals about your specific, individual situation. Read the full disclaimer. [https://tcomethod.com/podcast-disclaimer]