By taking a disciplined, proactive approach to your real estate career, you are likely to reach success much faster than if you take a passive one. Today’s guest, Charlie Stevenson, knows this all too well! He’s a serial entrepreneur and has started several businesses in the US and Europe in the marketing and adventure travel industry since his university days in Boston. He switched into real estate after realizing that he could generate passive income and scale more easily, allowing him to travel the world, spending time with his family, and focus on what matters most.
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After making the industry switch, he founded Akras Capital, which has been syndicating and acquiring multifamily properties across the US, building a portfolio with nearly 500 units valued at over 60 million dollars. He’s now committed to bringing the freedom he found in syndicating real estate to others by helping them break free from the constraints of time, money, and unfulfilling jobs. In this episode, Charlie tells us a bit about his career thus far, how he got into syndication, how he added value to the experienced operators he learned from, and how he has improved his business. We also discuss automation and useful technology that Charlie has implemented, and he reveals some of the mistakes he has made along the way and what he learned from them. Don’t miss this episode!
Key Points From This Episode:
- Charlie shares a bit about his background, from adventure travel business to real estate.
- What Charlie and his wife learned from being landlords about assets being easy to manage.
- Charlie got into syndication to gain economies of scale and leverage the systems they built.
- The process of getting into syndication started by learning from experienced operators.
- Adding value to the operators they learned from through authenticity, candid communication, and complementary skills.
- The issues when exploring new markets and overcoming them by conveying their credibility.
- The hard part of the syndication process for Charlie has been automating investor relations.
- The best piece of technology they have added to their operation has been ActiveCampaign.
- Charlie has improved his business recently by using more strict criteria for market analysis and market selection.
- Charlie’s best source for meeting new investors right now is a platform called Lunchclub.
- The number one thing that has contributed to Charlie’s success has been his team.
- One way Charlie likes to give back by being part of his alma mater’s venture mentor network.
[bctt tweet=”I have come across a lot of professionals who are where my wife and I were before we got into real estate, where they were grinding away in an active income career and they’re looking for some relief. — Charlie Stevenson” username=”whitney_sewell”]
Links Mentioned in Today’s Episode:
About Charlie Stevenson
Charlie, together with his wife, Kristina, co-founded Akras Capital. Their mission is to help people achieve freedom, breaking free from the constraints of money, time, and unfulfilling jobs. Having worked for a decade in corporate America as Investment Portfolio Managers and Product Directors, Kristina and Charlie no longer felt inspired by their day-to-day lives, earning salaries and living according to their career tracks. They yearned to travel, spend time with family, and have a life of freedom. On their honeymoon, they pledged to leave their jobs to travel the world for a year. So, they quit and took off for Asia and Europe, exploring 30+ countries. This freedom was fueled by the passive income they’ve generated renting their home in Boston, and they realized while riding a train across Siberia, that if they turned this side hustle into a real business, they could be free to travel, spend time with family, and live life to the fullest. After founding Akras Capital, they’ve directed it to produce this same freedom to others.
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