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Who doesn’t want to make more money in real estate? This isn’t another real estate podcast talking about how to start investing in real estate, or how to do deals or find money from investors... there’s already plenty of those. This is a show about managing your business and how to Massively Increase Your Net Operating Income ™. Twice a week, Andy McQuade brings firsthand information from his own 25-year career working with real estate owners, operators and developers and features guests who are experts in their field in extended episodes - all to help you make more money in your real estate ventures. Tune in and learn how you can Massively Increase Your Net Operating Income ™ with The TCO Method ®.
Episodes
Tuesday Mar 11, 2025
Tuesday Mar 11, 2025
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 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 , 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 | LinkedIn | Substack
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Learn more about Andy McQuade
Visit his website
Check out Andy’s Consulting Firm
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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
Tuesday Feb 25, 2025
Tuesday Feb 25, 2025
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
Please take the time to support the show - we’d appreciate you subscribing and leaving us a review!
YouTube | Apple Podcasts | Spotify
Learn more about Andy McQuade
Visit his website
Check out Andy's Consulting Firm
Follow Andy on social media
LinkedIn | Twitter/X | Instagram | Facebook | Reddit
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
Cloudlifter CL-1 Inline Preamp
Focusrite Scarlett 2i2 Gen4 Audio Interface
Heil Sound HB-1 Mic Boom
Sennheiser HD 300 Pro Headphones
Want to know more about The TCO Method ®?
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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.
Tuesday Feb 13, 2024
Tuesday Feb 13, 2024
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
Please take the time to support the show - we’d appreciate you subscribing and leaving us a review!
YouTube | Apple Podcasts | Spotify
Learn more about Andy McQuade
Visit his website
Check out Andy's Consulting Firm
Follow Andy on social media
LinkedIn | Twitter/X | Instagram | Facebook | Reddit
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
Cloudlifter CL-1 Inline Preamp
Focusrite Scarlett 2i2 Gen4 Audio Interface
Heil Sound HB-1 Mic Boom
Sennheiser HD 300 Pro Headphones
Want to know more about The TCO Method ®?
Check out our website
Sign up for our Newsletter
Join our Patreon
Donate and support the show
Find us on Social Media
LinkedIn | Twitter/X | Instagram | Facebook | FB Group | Subreddit
Question? Feedback? Comment? e-mail us
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.
Thursday Feb 08, 2024
Thursday Feb 08, 2024
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, Aleksey Chernobelskiy, author of LP Lessons, Jeremy Goodrich of Shine Insurance, and Yonah Weiss of Madison Specs and the Weiss Advice Podcast.
Please take the time to support the show - we’d appreciate you subscribing and leaving us a review!
YouTube | Apple Podcasts | Spotify
Learn more about Andy McQuade
Visit his website
Check out Andy's Consulting Firm
Follow Andy on social media
LinkedIn | Twitter/X | Instagram | Facebook | Reddit
Want to know more about The TCO Method ®?
Check out our website
Sign up for our Newsletter
Join our Patreon
Donate and support the show
Find us on Social Media
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Question? Feedback? Comment? e-mail us
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.
Saturday Jan 27, 2024
Saturday Jan 27, 2024
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
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
The Honey Bee
Family, Food, And Friars
Want to know more about Gino?
Check out the Jake and Gino Website
Connect on LinkedIn | Follow their Instagram
Please take the time to support the show - we’d appreciate you subscribing and leaving us a review!
YouTube | Apple Podcasts | Spotify
Learn more about Andy McQuade
Visit his website
Check out Andy's Consulting Firm
Follow Andy on social media
LinkedIn | Twitter/X | Instagram | Facebook | Reddit
Want to know more about The TCO Method ®?
Check out our website
Sign up for our Newsletter
Join our Patreon
Donate and support the show
Find us on Social Media
LinkedIn | Twitter/X | Instagram | Facebook | FB Group | Subreddit
Question? Feedback? Comment? e-mail us
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.
Saturday Dec 30, 2023
Saturday Dec 30, 2023
Aleksey Chernobelskiy joins Andy McQuade on The TCO Method ® podcast to discuss the current state of distressed and struggling real estate syndications and what they've done to get here - but more importantly how to avoid many of issues by learning what to look for.
He brings stories and perspective on ethical capital raising, how to identify red flags in pitch decks given by capital raisers, what to ask and be aware of when going into a deal with your hard-earned money, and so much more - this episode is a MUST SEE.
Watch the video & read the transcript, show notes & highlights here
Highlights:
0:14:16 - Understanding Investment Risks and Expenses
0:21:13 - Interest Alignment in Investment Waterfall
0:23:50 - Investment Bias and Conflict of Interest
0:27:59 - Investment Nightmare Stories and Seeking Solutions
0:43:58 - Misunderstandings Around Acquisition Fees
0:47:05 - Real Estate as a Safe Investment
0:53:13 - Conservative Underwriting in Real Estate
0:57:44 - Investing in Syndications
1:01:08 - Avoiding Syndication Mistakes, Educating on Investing
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 1,800 investors on his Substack where he shares how to property vet and think about LP investments in the grand scheme of their portfolios.
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 | LinkedIn | Substack
MUST READ Substack ARTICLES
Top 15 Syndication Mistakes
Three Pillars of LP Investing
-Execution
-Alignment of Interests
-Property
Do Sunk Costs Matter In Capital Calls?
Don't Lose Money (seriously)
Please take the time to support the show - we’d appreciate you subscribing and leaving us a review!
YouTube | Apple Podcasts | Spotify
Learn more about Andy McQuade
Visit his website
Check out Andy’s Consulting Firm
Follow Andy on social media
LinkedIn | Twitter/X | Instagram | Facebook | Reddit
Want to know more about The TCO Method ®?
Check out our website
Sign up for our Newsletter
Join our Patreon
Donate and support the show
Find us on social media
LinkedIn | Twitter/X | Instagram | Facebook | Facebook Group | Subreddit
Question? Feedback? Comment? e-mail us
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
Sunday Sep 10, 2023
Sunday Sep 10, 2023
Andy welcomes Jeremy Goodrich to the show, where he shares the current state of ever-increasing insurance costs for commercial real estate and real estate in general and how important having a team and business partners looking out for your best interest really is.
Watch the Video, Read the Transcript, Show Notes & Summary HERE
Highlights:
0:01:19 - Increasing NOI Through Risk Management
0:06:51 - Insurance Industry Turnaround and Pricing
0:09:43 - Carnage in Texas
0:13:13 - Importance of Conservative Numbers in Apartments
0:18:40 - The Impact of Lawsuits and Expenses
0:23:33 - Due Diligence for Risk Management
0:27:38 - Mindset and Safety Systems for Success
0:35:14 - Captives and Insurance Options
0:47:21 - Risks for Inexperienced Real Estate Investors
About Jeremy Goodrich:
Jeremy is the Chief Protection Officer at Shine Insurance Agency, host of the Managing Commercial Real Estate Risk Podcast and the #creriskking.
An expert in CRE Risk Management and Asset Protection, Jeremy is a teacher at heart and helps his clients understand the challenging world of real estate insurance and assists them in building a strategy that mitigates and minimizes risk and exposure while making sure they have the right coverage to protect their assets.
Learn more and connect with Jeremy:
His day job – Shine Insurance Agency
Connect with him on LinkedIn
His Podcast – Apple | Spotify | Podchaser
Shine Insurance YouTube
Please take the time to support the show - we’d appreciate you subscribing and leaving us a review!
YouTube | Apple Podcasts | Spotify
Learn more about Andy McQuade
Visit his website
Check out Andy’s Consulting Firm
Follow Andy on social media
LinkedIn | Twitter/X | Instagram | Facebook | Reddit
Want to know more about The TCO Method ®?
Check out our website
Sign up for our Newsletter
Join our Patreon
Donate and support the show
Find us on social media
LinkedIn | Twitter/X | Instagram | Facebook | Facebook Group | Subreddit
Question? Feedback? Comment? e-mail us
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
Thursday Aug 31, 2023
Thursday Aug 31, 2023
Massively Increase Your Net Operating Income™ with The TCO Method™
Are you running your business and your projects, or are your projects and business running YOU? Andy continues the conversation around the need to show up and do the work to get ahead of your business.
Read the transcript
Watch the episodes on YouTube
Our Saturday Special interview episodes have landed! Listen to our second episode with net lease commercial broker, Dan Lewkowicz
Want to know more about The TCO Method™?
Check out the website
Learn more about Andy McQuade
Follow us on:
LinkedIn | Instagram | Twitter | NEW Free Facebook Group
Subscribe to our upcoming Substack Newsletter
The TCO Method ® Podcast
I'm Andy McQuade, and twice a week we'll be discussing real estate, looking at everything through the window of Total Cost of Ownership.
In this podcast we'll cover the latest news and updates impacting real estate as well as best practices for operations, procurement, capital expenditures, risk management, compliance and more.
I've been working with real estate developers, builders, investors, contractors, operators and owners since 1997 and consulting for the industry since 2019.
I developed The TCO Method ® to create a sustainable increase in NOI & value that can be repeated at scale across multiple business models & asset classes.